News
Mining War: BUA Accuses Dangote of False Information

Management of BUA International Limited has accused Dangote Group Plc of sending false information to the public relating to the dispute between it and BUA, and claiming that they were coming from the Federal Ministry of Mines and Power, when in reality the information are fabricated.
In a statement, in which BUA accused Dangote of acting out of desperation, it raised the alarm over alleged new set of publications, actions and tactics by Dangote Plc and its staff which have been falsely attributed to the Federal Government, seeking to achieve what they couldn’t get through legal means or their “connections in Government”.

The statement read in part, “We therefore wish to draw the attention of the general public, investing public and other stakeholders to these new set of malicious and misleading information which are in fact, being cooked up in the offices of Dangote Plc.
“These publications have, at various times, been falsely attributed to pronouncements made by the Federal Government represented by the Ministry of Mines. BUA is now in possession of emails amongst other documents detailing a calculated attempt by Dangote Group to discredit and undermine BUA’s operations whilst painting a false picture to their stakeholders and the general public.”
The statement stated that “BUA remains in possession of the mining areas covered by its mining leases 18912 and 18913 in Obu, Okpella, Edo State and despite Dangote’s concerted campaign at misinforming the public, BUA continues to exercise its rights to operate the licenses in line with the court’s pronouncements that status quo be preserved.”
It also disclosed that despite Dangote’s insistence that there is no court pronouncement that status quo be preserved, transcripts by their lawyers from the latest court deliberation at the Federal High Court sitting in Benin on December 5, 2017, show that the courts not only insisted that status quo be maintained but also sternly warned the Minister and the Ministry of Mines from taking any actions that will undermine its pronouncements on maintaining status quo.
BUA called on relevant agencies including but not limited to the Nigerian Stock Exchange (NSE), the Securities and Exchange Commission (SEC), EFCC, and the Nigerian Police amongst others to investigate thoroughly these actions, which have crossed the boundaries of anti-trust and are very anti-competitive in nature.
According to the statement, BUA is under no illusions that these attacks will stop nor are we able to comprehend why it is difficult for a good corporate citizen as they claim to be, to respect the rule of law and wait for the judicial process to take its rightful course.
“BUA insists on respect for the judicial process and would expect Dangote Group, as a publicly listed company and their cohorts to do same. Only through this can we show the outside world, investing public and other stakeholders that indeed, Nigeria is ready for business and competition can thrive in a free, fair and equitable environment devoid of fear, impunity, unfair competitive advantage or bias.”
News
Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
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