OPS worries as 61 companies exit Nigeria in four years

OPS worries as 61 companies exit Nigeria in four years

Nigeria has seen a surge in company closures and relocations, driven by economic difficulties, currency fluctuations, and escalating operational expenses in recent years, JOSEPHINE OGUNDEJI, writes Nigeria’s business environment has been marred by a worrying trend in...

AI’s economic potential requires reliable, actionable data — IMF

AI’s economic potential requires reliable, actionable data — IMF

The International Monetary Fund has said that reliable and actionable data are crucial for harnessing the economic potential of Artificial Intelligence. The Managing Director of the IMF, Kristalina Georgieva, made these remarks during the Fund’s 12th Statistical Forum in Washington, D.C., in a broadcast monitored by PUNCH Online on Wednesday. “AI has huge potential to

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The International Monetary Fund has said that reliable and actionable data are crucial for harnessing the economic potential of Artificial Intelligence. The Managing Director of the IMF, Kristalina Georgieva, made these remarks during the Fund’s 12th Statistical Forum in Washington, D.C., in a broadcast monitored by PUNCH Online on Wednesday. “AI has huge potential to

Read More The International Monetary Fund has said that reliable and actionable data are crucial for harnessing the economic potential of Artificial Intelligence. The Managing Director of the IMF, Kristalina Georgieva, made these remarks during the Fund’s 12th Statistical Forum in Washington, D.C., in a broadcast monitored by PUNCH Online on Wednesday. “AI has huge potential to
Read More  Punch Newspapers – Business

The International Monetary Fund has said that reliable and actionable data are crucial for harnessing the economic potential of Artificial Intelligence. The Managing Director of the IMF, Kristalina Georgieva, made these remarks during the Fund’s 12th Statistical Forum in Washington, D.C., in a broadcast monitored by PUNCH Online on Wednesday. “AI has huge potential to
Read More

NADF advocates inclusive financing to attain food security

NADF advocates inclusive financing to attain food security

The National Agricultural Development Fund has called for inclusive financial solutions that address the specific needs of marginalised groups to boost food security in Nigeria. This appeal was made during a two-day Stakeholder Engagement Workshop on “Inclusive Stakeholder Engagement for Gender-sensitive and Climate-smart Financial Products,” which took place in Abuja on Wednesday. In his opening

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The National Agricultural Development Fund has called for inclusive financial solutions that address the specific needs of marginalised groups to boost food security in Nigeria. This appeal was made during a two-day Stakeholder Engagement Workshop on “Inclusive Stakeholder Engagement for Gender-sensitive and Climate-smart Financial Products,” which took place in Abuja on Wednesday. In his opening

Read More The National Agricultural Development Fund has called for inclusive financial solutions that address the specific needs of marginalised groups to boost food security in Nigeria. This appeal was made during a two-day Stakeholder Engagement Workshop on “Inclusive Stakeholder Engagement for Gender-sensitive and Climate-smart Financial Products,” which took place in Abuja on Wednesday. In his opening
Read More  Punch Newspapers – Business

The National Agricultural Development Fund has called for inclusive financial solutions that address the specific needs of marginalised groups to boost food security in Nigeria. This appeal was made during a two-day Stakeholder Engagement Workshop on “Inclusive Stakeholder Engagement for Gender-sensitive and Climate-smart Financial Products,” which took place in Abuja on Wednesday. In his opening
Read More

NSIA has developed 500,000 affordable homes, says MD

NSIA has developed 500,000 affordable homes, says MD

The Managing Director of Nigeria Sovereign Investment Authority, Aminu Umar-Sadiq, has said that the agency, through its stake in Family Homes Fund, has developed 500,000 affordable homes for low-income families in Nigeria. He added that the NSIA had in 12 years created 245,000 direct jobs across the diverse sectors of the economy as part of

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The Managing Director of Nigeria Sovereign Investment Authority, Aminu Umar-Sadiq, has said that the agency, through its stake in Family Homes Fund, has developed 500,000 affordable homes for low-income families in Nigeria. He added that the NSIA had in 12 years created 245,000 direct jobs across the diverse sectors of the economy as part of

Read More The Managing Director of Nigeria Sovereign Investment Authority, Aminu Umar-Sadiq, has said that the agency, through its stake in Family Homes Fund, has developed 500,000 affordable homes for low-income families in Nigeria. He added that the NSIA had in 12 years created 245,000 direct jobs across the diverse sectors of the economy as part of
Read More  Punch Newspapers – Business

The Managing Director of Nigeria Sovereign Investment Authority, Aminu Umar-Sadiq, has said that the agency, through its stake in Family Homes Fund, has developed 500,000 affordable homes for low-income families in Nigeria. He added that the NSIA had in 12 years created 245,000 direct jobs across the diverse sectors of the economy as part of
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Customs intercept live turtles, others

Customs intercept live turtles, others

The Nigeria Customs Service, Murtala Muhammed Airport command, says it intercepted 250 live turtles, military accouterments and other contrabands worth N3.32bn The Customs Area Controller in charge of the command, Micheal Awe, disclosed this while addressing journalists at the command on Wednesday. He added that the intercepted contrabands came into the country from Canada Turkiye,

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The Nigeria Customs Service, Murtala Muhammed Airport command, says it intercepted 250 live turtles, military accouterments and other contrabands worth N3.32bn The Customs Area Controller in charge of the command, Micheal Awe, disclosed this while addressing journalists at the command on Wednesday. He added that the intercepted contrabands came into the country from Canada Turkiye,

Read More The Nigeria Customs Service, Murtala Muhammed Airport command, says it intercepted 250 live turtles, military accouterments and other contrabands worth N3.32bn The Customs Area Controller in charge of the command, Micheal Awe, disclosed this while addressing journalists at the command on Wednesday. He added that the intercepted contrabands came into the country from Canada Turkiye,
Read More  Punch Newspapers – Business

The Nigeria Customs Service, Murtala Muhammed Airport command, says it intercepted 250 live turtles, military accouterments and other contrabands worth N3.32bn The Customs Area Controller in charge of the command, Micheal Awe, disclosed this while addressing journalists at the command on Wednesday. He added that the intercepted contrabands came into the country from Canada Turkiye,
Read More

FG unveils credit scheme to buy local products

FG unveils credit scheme to buy local products

The Nigerian Consumer Credit Corporation has kicked off its project tagged Securing Consumer Access for Local Enterprises, an initiative to accelerate the growth of Nigeria’s local industries by providing consumer credit to Nigerians specifically for the purchase of goods and services of local vendors and manufacturers. A Wednesday statement noted that this was part of

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The Nigerian Consumer Credit Corporation has kicked off its project tagged Securing Consumer Access for Local Enterprises, an initiative to accelerate the growth of Nigeria’s local industries by providing consumer credit to Nigerians specifically for the purchase of goods and services of local vendors and manufacturers. A Wednesday statement noted that this was part of

Read More The Nigerian Consumer Credit Corporation has kicked off its project tagged Securing Consumer Access for Local Enterprises, an initiative to accelerate the growth of Nigeria’s local industries by providing consumer credit to Nigerians specifically for the purchase of goods and services of local vendors and manufacturers. A Wednesday statement noted that this was part of
Read More  Punch Newspapers – Business

The Nigerian Consumer Credit Corporation has kicked off its project tagged Securing Consumer Access for Local Enterprises, an initiative to accelerate the growth of Nigeria’s local industries by providing consumer credit to Nigerians specifically for the purchase of goods and services of local vendors and manufacturers. A Wednesday statement noted that this was part of
Read More

Beware of substandard sugar in markets, FCCPC warns

Beware of substandard sugar in markets, FCCPC warns

The Federal Competition and Consumer Protection Commission has alerted the public to the circulation of substandard and unregistered sugar products in Nigerian markets. It stated that the low-quality sugar, primarily smuggled from Brazil, poses significant health risks to consumers and undermines the integrity of the country’s local sugar industry. In a statement issued on Wednesday,

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The Federal Competition and Consumer Protection Commission has alerted the public to the circulation of substandard and unregistered sugar products in Nigerian markets. It stated that the low-quality sugar, primarily smuggled from Brazil, poses significant health risks to consumers and undermines the integrity of the country’s local sugar industry. In a statement issued on Wednesday,

Read More The Federal Competition and Consumer Protection Commission has alerted the public to the circulation of substandard and unregistered sugar products in Nigerian markets. It stated that the low-quality sugar, primarily smuggled from Brazil, poses significant health risks to consumers and undermines the integrity of the country’s local sugar industry. In a statement issued on Wednesday,
Read More  Punch Newspapers – Business

The Federal Competition and Consumer Protection Commission has alerted the public to the circulation of substandard and unregistered sugar products in Nigerian markets. It stated that the low-quality sugar, primarily smuggled from Brazil, poses significant health risks to consumers and undermines the integrity of the country’s local sugar industry. In a statement issued on Wednesday,
Read More

Nigeria, four others handled 85% of Africa’s private deals – Report

Nigeria, four others handled 85% of Africa’s private deals – Report

Nigeria, South Africa, Kenya, Ghana, and Egypt accounted for an overwhelming 85 per cent of all private market deals in Q3 2024, the latest Stears Private Capital in Africa Report for Q3 2024 has revealed. According to the report, published on Wednesday, this means that only 15 per cent of transactions occurred outside these major

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Nigeria, South Africa, Kenya, Ghana, and Egypt accounted for an overwhelming 85 per cent of all private market deals in Q3 2024, the latest Stears Private Capital in Africa Report for Q3 2024 has revealed. According to the report, published on Wednesday, this means that only 15 per cent of transactions occurred outside these major

Read More Nigeria, South Africa, Kenya, Ghana, and Egypt accounted for an overwhelming 85 per cent of all private market deals in Q3 2024, the latest Stears Private Capital in Africa Report for Q3 2024 has revealed. According to the report, published on Wednesday, this means that only 15 per cent of transactions occurred outside these major
Read More  Punch Newspapers – Business

Nigeria, South Africa, Kenya, Ghana, and Egypt accounted for an overwhelming 85 per cent of all private market deals in Q3 2024, the latest Stears Private Capital in Africa Report for Q3 2024 has revealed. According to the report, published on Wednesday, this means that only 15 per cent of transactions occurred outside these major
Read More

NNPCL begins Utapate crude sale to global refiners

NNPCL begins Utapate crude sale to global refiners

The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. It said the development is a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts. A statement signed by the

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The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. It said the development is a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts. A statement signed by the

Read More The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. It said the development is a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts. A statement signed by the
Read More  Punch Newspapers – Business

The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. It said the development is a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts. A statement signed by the
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FG, states, LGAs share N1.41tn October revenue – FAAC

FG, states, LGAs share N1.41tn October revenue – FAAC

The Federal Government, states, and Local Government Areas shared N1.41tn in revenue for October 2024, an 8.7 per cent increase compared to the N1.298tn distributed for September. This was disclosed in a press statement on Wednesday by the Director of Press and Public Relations, Office of the Accountant-General of the Federation, Mr Bawa Mokwa, following

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The Federal Government, states, and Local Government Areas shared N1.41tn in revenue for October 2024, an 8.7 per cent increase compared to the N1.298tn distributed for September. This was disclosed in a press statement on Wednesday by the Director of Press and Public Relations, Office of the Accountant-General of the Federation, Mr Bawa Mokwa, following

Read More The Federal Government, states, and Local Government Areas shared N1.41tn in revenue for October 2024, an 8.7 per cent increase compared to the N1.298tn distributed for September. This was disclosed in a press statement on Wednesday by the Director of Press and Public Relations, Office of the Accountant-General of the Federation, Mr Bawa Mokwa, following
Read More  Punch Newspapers – Business

The Federal Government, states, and Local Government Areas shared N1.41tn in revenue for October 2024, an 8.7 per cent increase compared to the N1.298tn distributed for September. This was disclosed in a press statement on Wednesday by the Director of Press and Public Relations, Office of the Accountant-General of the Federation, Mr Bawa Mokwa, following
Read More

Band A customers protest two-hour power supply

Band A customers protest two-hour power supply

Residents of Akoka in Lagos State say they only get two hours of electricity despite being migrated to Band A. The residents took to the streets on Tuesday to protest the development, calling on the Ikeja Electricity Distribution Company to come to their rescue. With placards in their hands, the protesters said, “Akoka is totally

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Residents of Akoka in Lagos State say they only get two hours of electricity despite being migrated to Band A. The residents took to the streets on Tuesday to protest the development, calling on the Ikeja Electricity Distribution Company to come to their rescue. With placards in their hands, the protesters said, “Akoka is totally

Read More Residents of Akoka in Lagos State say they only get two hours of electricity despite being migrated to Band A. The residents took to the streets on Tuesday to protest the development, calling on the Ikeja Electricity Distribution Company to come to their rescue. With placards in their hands, the protesters said, “Akoka is totally
Read More  Punch Newspapers – Business

Residents of Akoka in Lagos State say they only get two hours of electricity despite being migrated to Band A. The residents took to the streets on Tuesday to protest the development, calling on the Ikeja Electricity Distribution Company to come to their rescue. With placards in their hands, the protesters said, “Akoka is totally
Read More

Shippers Council commits to ports modernisation

Shippers Council commits to ports modernisation

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers Council, Mr Pius Akutah, has disclosed that modernising the ports and terminals with eco-friendly technology and infrastructure is at the core of their mission. Speaking at an event in Lagos recently, he noted that by minimising environmental impact and enhancing operational efficiency, the council

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The Executive Secretary and Chief Executive Officer of the Nigerian Shippers Council, Mr Pius Akutah, has disclosed that modernising the ports and terminals with eco-friendly technology and infrastructure is at the core of their mission. Speaking at an event in Lagos recently, he noted that by minimising environmental impact and enhancing operational efficiency, the council

Read More The Executive Secretary and Chief Executive Officer of the Nigerian Shippers Council, Mr Pius Akutah, has disclosed that modernising the ports and terminals with eco-friendly technology and infrastructure is at the core of their mission. Speaking at an event in Lagos recently, he noted that by minimising environmental impact and enhancing operational efficiency, the council
Read More  Punch Newspapers – Business

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers Council, Mr Pius Akutah, has disclosed that modernising the ports and terminals with eco-friendly technology and infrastructure is at the core of their mission. Speaking at an event in Lagos recently, he noted that by minimising environmental impact and enhancing operational efficiency, the council
Read More

Moniepoint canvasses financial inclusion for women

Moniepoint canvasses financial inclusion for women

The founder/Chief Executive Officer of Moniepoint Inc., Tosin Eniolorunda, has said that it is more profitable to provide financial services to women than men. Eniolorunda said this in a statement shared with The PUNCH on Tuesday while highlighting the need to push for financial inclusion for women. He affirmed that for financial inclusion to be

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The founder/Chief Executive Officer of Moniepoint Inc., Tosin Eniolorunda, has said that it is more profitable to provide financial services to women than men. Eniolorunda said this in a statement shared with The PUNCH on Tuesday while highlighting the need to push for financial inclusion for women. He affirmed that for financial inclusion to be

Read More The founder/Chief Executive Officer of Moniepoint Inc., Tosin Eniolorunda, has said that it is more profitable to provide financial services to women than men. Eniolorunda said this in a statement shared with The PUNCH on Tuesday while highlighting the need to push for financial inclusion for women. He affirmed that for financial inclusion to be
Read More  Punch Newspapers – Business

The founder/Chief Executive Officer of Moniepoint Inc., Tosin Eniolorunda, has said that it is more profitable to provide financial services to women than men. Eniolorunda said this in a statement shared with The PUNCH on Tuesday while highlighting the need to push for financial inclusion for women. He affirmed that for financial inclusion to be
Read More

UBA to empower MSMEs

UBA to empower MSMEs

United Bank for Africa is set to empower Micro, Small, and Medium-scale Enterprises with wealth management skills in the last edition of its quarterly business series for the year. In a statement made available to The PUNCH, the pan-African bank said this edition of the business series, themed ‘Profit with Purpose, Business Continuity,’ will be

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United Bank for Africa is set to empower Micro, Small, and Medium-scale Enterprises with wealth management skills in the last edition of its quarterly business series for the year. In a statement made available to The PUNCH, the pan-African bank said this edition of the business series, themed ‘Profit with Purpose, Business Continuity,’ will be

Read More United Bank for Africa is set to empower Micro, Small, and Medium-scale Enterprises with wealth management skills in the last edition of its quarterly business series for the year. In a statement made available to The PUNCH, the pan-African bank said this edition of the business series, themed ‘Profit with Purpose, Business Continuity,’ will be
Read More  Punch Newspapers – Business

United Bank for Africa is set to empower Micro, Small, and Medium-scale Enterprises with wealth management skills in the last edition of its quarterly business series for the year. In a statement made available to The PUNCH, the pan-African bank said this edition of the business series, themed ‘Profit with Purpose, Business Continuity,’ will be
Read More

MBAN commends govt on N250bn mortgage fund

MBAN commends govt on N250bn mortgage fund

The National Executive Council of the Mortgage Banking Association of Nigeria has commended the Federal Government for the approval of a N250bn Mortgage and Real Estate Investment Fund. Last week, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced the approval of MREIF, an initiative aimed at enhancing access to long-term

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The National Executive Council of the Mortgage Banking Association of Nigeria has commended the Federal Government for the approval of a N250bn Mortgage and Real Estate Investment Fund. Last week, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced the approval of MREIF, an initiative aimed at enhancing access to long-term

Read More The National Executive Council of the Mortgage Banking Association of Nigeria has commended the Federal Government for the approval of a N250bn Mortgage and Real Estate Investment Fund. Last week, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced the approval of MREIF, an initiative aimed at enhancing access to long-term
Read More  Punch Newspapers – Business

The National Executive Council of the Mortgage Banking Association of Nigeria has commended the Federal Government for the approval of a N250bn Mortgage and Real Estate Investment Fund. Last week, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced the approval of MREIF, an initiative aimed at enhancing access to long-term
Read More

Bank chiefs lobby Presidency over N1tn forex gain

Bank chiefs lobby Presidency over N1tn forex gain

The executives of seven Deposit Money Banks are currently lobbying President Bola Tinubu over the 70 per cent mandatory windfall tax payment on profits generated by the banks from foreign exchange transactions, The PUNCH reports The bank chiefs, who are also discussing with government officials, are advocating a review or reduction in the windfall tax

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The executives of seven Deposit Money Banks are currently lobbying President Bola Tinubu over the 70 per cent mandatory windfall tax payment on profits generated by the banks from foreign exchange transactions, The PUNCH reports The bank chiefs, who are also discussing with government officials, are advocating a review or reduction in the windfall tax

Read More The executives of seven Deposit Money Banks are currently lobbying President Bola Tinubu over the 70 per cent mandatory windfall tax payment on profits generated by the banks from foreign exchange transactions, The PUNCH reports The bank chiefs, who are also discussing with government officials, are advocating a review or reduction in the windfall tax
Read More  Punch Newspapers – Business

The executives of seven Deposit Money Banks are currently lobbying President Bola Tinubu over the 70 per cent mandatory windfall tax payment on profits generated by the banks from foreign exchange transactions, The PUNCH reports The bank chiefs, who are also discussing with government officials, are advocating a review or reduction in the windfall tax
Read More

Dangote resumes US crude purchase after three months

Dangote resumes US crude purchase after three months

The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity. The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply. A report by Bloomberg on Wednesday said

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The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity. The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply. A report by Bloomberg on Wednesday said

Read More The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity. The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply. A report by Bloomberg on Wednesday said
Read More  Punch Newspapers – Business

The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity. The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply. A report by Bloomberg on Wednesday said
Read More

Discos list conditions for N500bn NASS recapitalisation plan

Discos list conditions for N500bn NASS recapitalisation plan

Electricity distribution companies have listed the conditions for accepting the National Assembly’s N500bn recapitalisation plan for each of the 11 Discos nationwide. This is as the distribution companies also said they were not under the control of the House of Representatives but the Nigerian Electricity Regulatory Commission. The PUNCH reports that the House of Representatives

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Electricity distribution companies have listed the conditions for accepting the National Assembly’s N500bn recapitalisation plan for each of the 11 Discos nationwide. This is as the distribution companies also said they were not under the control of the House of Representatives but the Nigerian Electricity Regulatory Commission. The PUNCH reports that the House of Representatives

Read More Electricity distribution companies have listed the conditions for accepting the National Assembly’s N500bn recapitalisation plan for each of the 11 Discos nationwide. This is as the distribution companies also said they were not under the control of the House of Representatives but the Nigerian Electricity Regulatory Commission. The PUNCH reports that the House of Representatives
Read More  Punch Newspapers – Business

Electricity distribution companies have listed the conditions for accepting the National Assembly’s N500bn recapitalisation plan for each of the 11 Discos nationwide. This is as the distribution companies also said they were not under the control of the House of Representatives but the Nigerian Electricity Regulatory Commission. The PUNCH reports that the House of Representatives
Read More

Tackle oil theft, illegal refineries, Shell tells FG

Tackle oil theft, illegal refineries, Shell tells FG

The Country Chair of Shell Companies in Nigeria and Managing Director of Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor, has charged the Federal Government to tackle crude oil theft and illegal refining activities bedevilling the nation. Okunbor said the government needs to fight oil theft and illegal refineries to save the nation’s resources.

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The Country Chair of Shell Companies in Nigeria and Managing Director of Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor, has charged the Federal Government to tackle crude oil theft and illegal refining activities bedevilling the nation. Okunbor said the government needs to fight oil theft and illegal refineries to save the nation’s resources.

Read More The Country Chair of Shell Companies in Nigeria and Managing Director of Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor, has charged the Federal Government to tackle crude oil theft and illegal refining activities bedevilling the nation. Okunbor said the government needs to fight oil theft and illegal refineries to save the nation’s resources.
Read More  Punch Newspapers – Business

The Country Chair of Shell Companies in Nigeria and Managing Director of Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor, has charged the Federal Government to tackle crude oil theft and illegal refining activities bedevilling the nation. Okunbor said the government needs to fight oil theft and illegal refineries to save the nation’s resources.
Read More

New ferries now operational with cards – LASG

New ferries now operational with cards – LASG

The Lagos State Government, through the Lagos State Waterways Authority, has stated that the recently launched Omi Bus Ferries are now fully operational with Cowry Cards. In a statement, the General Manager of LASWA, Oluwadamilola Emmanuel, said the payment system is already in use across other public transportation modes in the state. Emmanuel stressed that

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The Lagos State Government, through the Lagos State Waterways Authority, has stated that the recently launched Omi Bus Ferries are now fully operational with Cowry Cards. In a statement, the General Manager of LASWA, Oluwadamilola Emmanuel, said the payment system is already in use across other public transportation modes in the state. Emmanuel stressed that

Read More The Lagos State Government, through the Lagos State Waterways Authority, has stated that the recently launched Omi Bus Ferries are now fully operational with Cowry Cards. In a statement, the General Manager of LASWA, Oluwadamilola Emmanuel, said the payment system is already in use across other public transportation modes in the state. Emmanuel stressed that
Read More  Punch Newspapers – Business

The Lagos State Government, through the Lagos State Waterways Authority, has stated that the recently launched Omi Bus Ferries are now fully operational with Cowry Cards. In a statement, the General Manager of LASWA, Oluwadamilola Emmanuel, said the payment system is already in use across other public transportation modes in the state. Emmanuel stressed that
Read More

Why CNG engines are suitable to save cost

Why CNG engines are suitable to save cost

Take it or leave it, the country’s current economic situation is harsh for both the rich and the poor, and many are thinking of ways to cut costs and save more. In this piece, ANOZIE EGOLE looks at the benefits of Compressed Natural Gas engines to Nigerians, especially low-income earners. As the cost of Premium

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Take it or leave it, the country’s current economic situation is harsh for both the rich and the poor, and many are thinking of ways to cut costs and save more. In this piece, ANOZIE EGOLE looks at the benefits of Compressed Natural Gas engines to Nigerians, especially low-income earners. As the cost of Premium

Read More Take it or leave it, the country’s current economic situation is harsh for both the rich and the poor, and many are thinking of ways to cut costs and save more. In this piece, ANOZIE EGOLE looks at the benefits of Compressed Natural Gas engines to Nigerians, especially low-income earners. As the cost of Premium
Read More  Punch Newspapers – Business

Take it or leave it, the country’s current economic situation is harsh for both the rich and the poor, and many are thinking of ways to cut costs and save more. In this piece, ANOZIE EGOLE looks at the benefits of Compressed Natural Gas engines to Nigerians, especially low-income earners. As the cost of Premium
Read More

Nigeria handles less cargo than neighbours – NPA

Nigeria handles less cargo than neighbours – NPA

The Nigerian Ports Authority has lamented that despite Nigeria’s population exceeding 200 million, the country handles less than two million twenty-foot equivalent units of cargo yearly, trailing behind neighbouring countries with populations under 15 million. It expressed concern over Nigeria’s underperformance in maritime trade compared to neighbouring countries with smaller populations yet handling significantly larger

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The Nigerian Ports Authority has lamented that despite Nigeria’s population exceeding 200 million, the country handles less than two million twenty-foot equivalent units of cargo yearly, trailing behind neighbouring countries with populations under 15 million. It expressed concern over Nigeria’s underperformance in maritime trade compared to neighbouring countries with smaller populations yet handling significantly larger

Read More The Nigerian Ports Authority has lamented that despite Nigeria’s population exceeding 200 million, the country handles less than two million twenty-foot equivalent units of cargo yearly, trailing behind neighbouring countries with populations under 15 million. It expressed concern over Nigeria’s underperformance in maritime trade compared to neighbouring countries with smaller populations yet handling significantly larger
Read More  Punch Newspapers – Business

The Nigerian Ports Authority has lamented that despite Nigeria’s population exceeding 200 million, the country handles less than two million twenty-foot equivalent units of cargo yearly, trailing behind neighbouring countries with populations under 15 million. It expressed concern over Nigeria’s underperformance in maritime trade compared to neighbouring countries with smaller populations yet handling significantly larger
Read More

Improve record-keeping on claims, shareholders urge SEC

Improve record-keeping on claims, shareholders urge SEC

The Securities and Exchange Commission has been urged to improve the record-keeping process for shareholders in order to ease the claims of dividends. This comes as the SEC continues to address the issue of unclaimed dividends, which currently stand at N215bn. Speaking in an interview with our correspondent on Tuesday, the National Coordinator of the

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The Securities and Exchange Commission has been urged to improve the record-keeping process for shareholders in order to ease the claims of dividends. This comes as the SEC continues to address the issue of unclaimed dividends, which currently stand at N215bn. Speaking in an interview with our correspondent on Tuesday, the National Coordinator of the

Read More The Securities and Exchange Commission has been urged to improve the record-keeping process for shareholders in order to ease the claims of dividends. This comes as the SEC continues to address the issue of unclaimed dividends, which currently stand at N215bn. Speaking in an interview with our correspondent on Tuesday, the National Coordinator of the
Read More  Punch Newspapers – Business

The Securities and Exchange Commission has been urged to improve the record-keeping process for shareholders in order to ease the claims of dividends. This comes as the SEC continues to address the issue of unclaimed dividends, which currently stand at N215bn. Speaking in an interview with our correspondent on Tuesday, the National Coordinator of the
Read More

InfoWARE powers NGX top trade

InfoWARE powers NGX top trade

InfoWARE, a technology solutions provider, has emerged as an enabler of trading activities on the Nigerian Exchange, powering 56 per cent of transactions executed by the NGX top 10 stockbrokers over the past five years. In a statement on Tuesday, Stanbic IBTC led the trades on InfoWARE’s platform with N1.42tn, representing 37.48 per cent of

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InfoWARE, a technology solutions provider, has emerged as an enabler of trading activities on the Nigerian Exchange, powering 56 per cent of transactions executed by the NGX top 10 stockbrokers over the past five years. In a statement on Tuesday, Stanbic IBTC led the trades on InfoWARE’s platform with N1.42tn, representing 37.48 per cent of

Read More InfoWARE, a technology solutions provider, has emerged as an enabler of trading activities on the Nigerian Exchange, powering 56 per cent of transactions executed by the NGX top 10 stockbrokers over the past five years. In a statement on Tuesday, Stanbic IBTC led the trades on InfoWARE’s platform with N1.42tn, representing 37.48 per cent of
Read More  Punch Newspapers – Business

InfoWARE, a technology solutions provider, has emerged as an enabler of trading activities on the Nigerian Exchange, powering 56 per cent of transactions executed by the NGX top 10 stockbrokers over the past five years. In a statement on Tuesday, Stanbic IBTC led the trades on InfoWARE’s platform with N1.42tn, representing 37.48 per cent of
Read More

Stock market posts N167bn gain

Stock market posts N167bn gain

The Nigerian equity market recorded N167bn gain on Wednesday buoyed by AustinLaz & Company, Tantalizers, Wapco, and other gainers. The All-Share Index and market capitalisation rose by 0.26 per cent, to close at 98,227.50 points N59.5tn respectively. This brought the market’s year-to-date gain to 31.37 per cent, despite a 0.72 per cent loss over the

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The Nigerian equity market recorded N167bn gain on Wednesday buoyed by AustinLaz & Company, Tantalizers, Wapco, and other gainers. The All-Share Index and market capitalisation rose by 0.26 per cent, to close at 98,227.50 points N59.5tn respectively. This brought the market’s year-to-date gain to 31.37 per cent, despite a 0.72 per cent loss over the

Read More The Nigerian equity market recorded N167bn gain on Wednesday buoyed by AustinLaz & Company, Tantalizers, Wapco, and other gainers. The All-Share Index and market capitalisation rose by 0.26 per cent, to close at 98,227.50 points N59.5tn respectively. This brought the market’s year-to-date gain to 31.37 per cent, despite a 0.72 per cent loss over the
Read More  Punch Newspapers – Business

The Nigerian equity market recorded N167bn gain on Wednesday buoyed by AustinLaz & Company, Tantalizers, Wapco, and other gainers. The All-Share Index and market capitalisation rose by 0.26 per cent, to close at 98,227.50 points N59.5tn respectively. This brought the market’s year-to-date gain to 31.37 per cent, despite a 0.72 per cent loss over the
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Haldane McCall lists 3.12bn shares on NGX

Haldane McCall lists 3.12bn shares on NGX

Real estate and hospitality group, Haldane McCall Plc has listed 3.12 billion ordinary shares of 50 kobo each at N3.84 per share on the Nigerian Exchange Limited. The Chairman of Nigerian Exchange Group, Umaru Kwairanga said the listing by introduction signifies Haldane McCall’s entry into the capital market to enhance transparency and access long-term capital

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Real estate and hospitality group, Haldane McCall Plc has listed 3.12 billion ordinary shares of 50 kobo each at N3.84 per share on the Nigerian Exchange Limited. The Chairman of Nigerian Exchange Group, Umaru Kwairanga said the listing by introduction signifies Haldane McCall’s entry into the capital market to enhance transparency and access long-term capital

Read More Real estate and hospitality group, Haldane McCall Plc has listed 3.12 billion ordinary shares of 50 kobo each at N3.84 per share on the Nigerian Exchange Limited. The Chairman of Nigerian Exchange Group, Umaru Kwairanga said the listing by introduction signifies Haldane McCall’s entry into the capital market to enhance transparency and access long-term capital
Read More  Punch Newspapers – Business

Real estate and hospitality group, Haldane McCall Plc has listed 3.12 billion ordinary shares of 50 kobo each at N3.84 per share on the Nigerian Exchange Limited. The Chairman of Nigerian Exchange Group, Umaru Kwairanga said the listing by introduction signifies Haldane McCall’s entry into the capital market to enhance transparency and access long-term capital
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Fidelity Bank plans N159m empowerment programme

Fidelity Bank plans N159m empowerment programme

Fidelity Bank has announced the launch of the sixth edition of its flagship savings campaign, the Get Alert in Millions promo, aimed at empowering Nigerians with over N159m in cash prizes. Speaking at a press conference in Lagos on Wednesday, the Promo Committee Chairman, Ken Opara, stated that the initiative aligns with the bank’s commitment

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Fidelity Bank has announced the launch of the sixth edition of its flagship savings campaign, the Get Alert in Millions promo, aimed at empowering Nigerians with over N159m in cash prizes. Speaking at a press conference in Lagos on Wednesday, the Promo Committee Chairman, Ken Opara, stated that the initiative aligns with the bank’s commitment

Read More Fidelity Bank has announced the launch of the sixth edition of its flagship savings campaign, the Get Alert in Millions promo, aimed at empowering Nigerians with over N159m in cash prizes. Speaking at a press conference in Lagos on Wednesday, the Promo Committee Chairman, Ken Opara, stated that the initiative aligns with the bank’s commitment
Read More  Punch Newspapers – Business

Fidelity Bank has announced the launch of the sixth edition of its flagship savings campaign, the Get Alert in Millions promo, aimed at empowering Nigerians with over N159m in cash prizes. Speaking at a press conference in Lagos on Wednesday, the Promo Committee Chairman, Ken Opara, stated that the initiative aligns with the bank’s commitment
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NAICOM unveils plans to support $1tn economy

NAICOM unveils plans to support $1tn economy

The National Insurance Commission has highlighted the five key priorities it has set to drive its contributions to achieve the $1tn economy target of President Bola Tinubu. The Commissioner for Insurance, Olusegun Omosehin, revealed this agenda at the 2024 Insurance Directors’ Conference held in Lagos on Wednesday. In October 2023, Tinubu at the 29th Nigeria

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The National Insurance Commission has highlighted the five key priorities it has set to drive its contributions to achieve the $1tn economy target of President Bola Tinubu. The Commissioner for Insurance, Olusegun Omosehin, revealed this agenda at the 2024 Insurance Directors’ Conference held in Lagos on Wednesday. In October 2023, Tinubu at the 29th Nigeria

Read More The National Insurance Commission has highlighted the five key priorities it has set to drive its contributions to achieve the $1tn economy target of President Bola Tinubu. The Commissioner for Insurance, Olusegun Omosehin, revealed this agenda at the 2024 Insurance Directors’ Conference held in Lagos on Wednesday. In October 2023, Tinubu at the 29th Nigeria
Read More  Punch Newspapers – Business

The National Insurance Commission has highlighted the five key priorities it has set to drive its contributions to achieve the $1tn economy target of President Bola Tinubu. The Commissioner for Insurance, Olusegun Omosehin, revealed this agenda at the 2024 Insurance Directors’ Conference held in Lagos on Wednesday. In October 2023, Tinubu at the 29th Nigeria
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UK supports Nigeria to tackle cyber threats

UK supports Nigeria to tackle cyber threats

The United Kingdom has expressed support for Nigeria’s efforts to tackle rising cybersecurity issues. This was expressed in a statement issued on Wednesday following the Nigeria Cybersecurity Stakeholder Roundtable organised with support from the UK’s Department for Business and Trade to discuss practical steps to address the country’s cybersecurity challenges. This roundtable had in attendance,

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The United Kingdom has expressed support for Nigeria’s efforts to tackle rising cybersecurity issues. This was expressed in a statement issued on Wednesday following the Nigeria Cybersecurity Stakeholder Roundtable organised with support from the UK’s Department for Business and Trade to discuss practical steps to address the country’s cybersecurity challenges. This roundtable had in attendance,

Read More The United Kingdom has expressed support for Nigeria’s efforts to tackle rising cybersecurity issues. This was expressed in a statement issued on Wednesday following the Nigeria Cybersecurity Stakeholder Roundtable organised with support from the UK’s Department for Business and Trade to discuss practical steps to address the country’s cybersecurity challenges. This roundtable had in attendance,
Read More  Punch Newspapers – Business

The United Kingdom has expressed support for Nigeria’s efforts to tackle rising cybersecurity issues. This was expressed in a statement issued on Wednesday following the Nigeria Cybersecurity Stakeholder Roundtable organised with support from the UK’s Department for Business and Trade to discuss practical steps to address the country’s cybersecurity challenges. This roundtable had in attendance,
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CBN backs CeBIH’s annual conference

CBN backs CeBIH’s annual conference

The Committee of e-Business Industry Heads has announced plans for its 2024 annual conference, themed “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth.” The event, scheduled to be held on December 4, 2024, at the Eko Convention Centre, Lagos, has garnered support from the Central Bank of Nigeria and industry stakeholders. This

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The Committee of e-Business Industry Heads has announced plans for its 2024 annual conference, themed “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth.” The event, scheduled to be held on December 4, 2024, at the Eko Convention Centre, Lagos, has garnered support from the Central Bank of Nigeria and industry stakeholders. This

Read More The Committee of e-Business Industry Heads has announced plans for its 2024 annual conference, themed “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth.” The event, scheduled to be held on December 4, 2024, at the Eko Convention Centre, Lagos, has garnered support from the Central Bank of Nigeria and industry stakeholders. This
Read More  Punch Newspapers – Business

The Committee of e-Business Industry Heads has announced plans for its 2024 annual conference, themed “Payment System Vision 2030: Navigating Contemporary Issues in Driving Future Growth.” The event, scheduled to be held on December 4, 2024, at the Eko Convention Centre, Lagos, has garnered support from the Central Bank of Nigeria and industry stakeholders. This
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Bauchi, Galaxy Backbone sign pact to deploy ICT infrastructure

Bauchi, Galaxy Backbone sign pact to deploy ICT infrastructure

The Federal Government-owned digital infrastructure company, Galaxy Backbone, and the Bauchi State Government have signed an agreement to deploy digital infrastructure and ICT services across the state. The company made this announcement in a statement issued by the Head of Corporate Communications at Galaxy Backbone, Chidi Okpala, on Wednesday. The pact was formalised during a

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The Federal Government-owned digital infrastructure company, Galaxy Backbone, and the Bauchi State Government have signed an agreement to deploy digital infrastructure and ICT services across the state. The company made this announcement in a statement issued by the Head of Corporate Communications at Galaxy Backbone, Chidi Okpala, on Wednesday. The pact was formalised during a

Read More The Federal Government-owned digital infrastructure company, Galaxy Backbone, and the Bauchi State Government have signed an agreement to deploy digital infrastructure and ICT services across the state. The company made this announcement in a statement issued by the Head of Corporate Communications at Galaxy Backbone, Chidi Okpala, on Wednesday. The pact was formalised during a
Read More  Punch Newspapers – Business

The Federal Government-owned digital infrastructure company, Galaxy Backbone, and the Bauchi State Government have signed an agreement to deploy digital infrastructure and ICT services across the state. The company made this announcement in a statement issued by the Head of Corporate Communications at Galaxy Backbone, Chidi Okpala, on Wednesday. The pact was formalised during a
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Vessel funds not missing – NIMASA

Vessel funds not missing – NIMASA

The Nigerian Maritime Administration and Safety Agency has said that the $350m accrued under the Cabotage Vessel Financing Fund is intact and currently with the Central Bank of Nigeria under the Single Treasury Account. The agency reacted to a recent media publication that alleged that funds had disappeared from the CVFF account. In a statement

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The Nigerian Maritime Administration and Safety Agency has said that the $350m accrued under the Cabotage Vessel Financing Fund is intact and currently with the Central Bank of Nigeria under the Single Treasury Account. The agency reacted to a recent media publication that alleged that funds had disappeared from the CVFF account. In a statement

Read More The Nigerian Maritime Administration and Safety Agency has said that the $350m accrued under the Cabotage Vessel Financing Fund is intact and currently with the Central Bank of Nigeria under the Single Treasury Account. The agency reacted to a recent media publication that alleged that funds had disappeared from the CVFF account. In a statement
Read More  Punch Newspapers – Business

The Nigerian Maritime Administration and Safety Agency has said that the $350m accrued under the Cabotage Vessel Financing Fund is intact and currently with the Central Bank of Nigeria under the Single Treasury Account. The agency reacted to a recent media publication that alleged that funds had disappeared from the CVFF account. In a statement
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Fast credit launches kiddies swag account

Fast credit launches kiddies swag account

Fast Credit Limited has introduced a savings product, the KiddiesSwag account, designed for children and young adults aged 0-18 years. In a statement made available to our correspondent on Tuesday, the account aims to instill early saving habits while offering benefits, including a 15 per cent annual interest rate. According to the statement, the fully

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Fast Credit Limited has introduced a savings product, the KiddiesSwag account, designed for children and young adults aged 0-18 years. In a statement made available to our correspondent on Tuesday, the account aims to instill early saving habits while offering benefits, including a 15 per cent annual interest rate. According to the statement, the fully

Read More Fast Credit Limited has introduced a savings product, the KiddiesSwag account, designed for children and young adults aged 0-18 years. In a statement made available to our correspondent on Tuesday, the account aims to instill early saving habits while offering benefits, including a 15 per cent annual interest rate. According to the statement, the fully
Read More  Punch Newspapers – Business

Fast Credit Limited has introduced a savings product, the KiddiesSwag account, designed for children and young adults aged 0-18 years. In a statement made available to our correspondent on Tuesday, the account aims to instill early saving habits while offering benefits, including a 15 per cent annual interest rate. According to the statement, the fully
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ASULAND elects new officers

ASULAND elects new officers

The Association of University of Liberia Alumni in Nigeria and Diaspora has elected new executive officers. A statement signed by ASULAND’s Social Secretary, Benjamin Osibodu, noted the appointment of Mr Kola Abdul as President, Mr Israel Okujagu as Vice President, and Mr Taiwo Awoniyi, was elected as the General Secretary. Others include Mr Tammy Amadi

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The Association of University of Liberia Alumni in Nigeria and Diaspora has elected new executive officers. A statement signed by ASULAND’s Social Secretary, Benjamin Osibodu, noted the appointment of Mr Kola Abdul as President, Mr Israel Okujagu as Vice President, and Mr Taiwo Awoniyi, was elected as the General Secretary. Others include Mr Tammy Amadi

Read More The Association of University of Liberia Alumni in Nigeria and Diaspora has elected new executive officers. A statement signed by ASULAND’s Social Secretary, Benjamin Osibodu, noted the appointment of Mr Kola Abdul as President, Mr Israel Okujagu as Vice President, and Mr Taiwo Awoniyi, was elected as the General Secretary. Others include Mr Tammy Amadi
Read More  Punch Newspapers – Business

The Association of University of Liberia Alumni in Nigeria and Diaspora has elected new executive officers. A statement signed by ASULAND’s Social Secretary, Benjamin Osibodu, noted the appointment of Mr Kola Abdul as President, Mr Israel Okujagu as Vice President, and Mr Taiwo Awoniyi, was elected as the General Secretary. Others include Mr Tammy Amadi
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NPA seeks collaboration to boost regional trade

NPA seeks collaboration to boost regional trade

The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, has called for enhanced technological collaboration among African littoral states to accelerate transit cargo transportation, particularly in regions requiring multiple waterway transits. Speaking on Monday at the 44th Annual Council and 19th Roundtable of the Directors General of the Port Management Association of West and

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The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, has called for enhanced technological collaboration among African littoral states to accelerate transit cargo transportation, particularly in regions requiring multiple waterway transits. Speaking on Monday at the 44th Annual Council and 19th Roundtable of the Directors General of the Port Management Association of West and

Read More The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, has called for enhanced technological collaboration among African littoral states to accelerate transit cargo transportation, particularly in regions requiring multiple waterway transits. Speaking on Monday at the 44th Annual Council and 19th Roundtable of the Directors General of the Port Management Association of West and
Read More  Punch Newspapers – Business

The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, has called for enhanced technological collaboration among African littoral states to accelerate transit cargo transportation, particularly in regions requiring multiple waterway transits. Speaking on Monday at the 44th Annual Council and 19th Roundtable of the Directors General of the Port Management Association of West and
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WAPCO, others boost equity market by N136bn

WAPCO, others boost equity market by N136bn

The Nigerian equity market closed on a positive note on Tuesday, as key stocks, led by Lafarge WAPCO, lifted the market to N136bn gain. The market capitalisation of the Nigerian Stock Exchange increased by 0.23 per cent to close at N59.4tn, while a total of 333,948,810 shares were traded in 9,187 deals, with a market

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The Nigerian equity market closed on a positive note on Tuesday, as key stocks, led by Lafarge WAPCO, lifted the market to N136bn gain. The market capitalisation of the Nigerian Stock Exchange increased by 0.23 per cent to close at N59.4tn, while a total of 333,948,810 shares were traded in 9,187 deals, with a market

Read More The Nigerian equity market closed on a positive note on Tuesday, as key stocks, led by Lafarge WAPCO, lifted the market to N136bn gain. The market capitalisation of the Nigerian Stock Exchange increased by 0.23 per cent to close at N59.4tn, while a total of 333,948,810 shares were traded in 9,187 deals, with a market
Read More  Punch Newspapers – Business

The Nigerian equity market closed on a positive note on Tuesday, as key stocks, led by Lafarge WAPCO, lifted the market to N136bn gain. The market capitalisation of the Nigerian Stock Exchange increased by 0.23 per cent to close at N59.4tn, while a total of 333,948,810 shares were traded in 9,187 deals, with a market
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51% of Nigerian startups struggle to secure funding — Report

51% of Nigerian startups struggle to secure funding — Report

A new report by TLP Advisory, a Nigerian venture law firm, has revealed that 51 per cent of startups in Nigeria face difficulties securing funding, primarily due to currency volatility and limited access to investors. The report, titled “A Decade of the Nigerian Venture Ecosystem: Numbers, Insights & Stories,” launched on Tuesday, provided a comprehensive

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A new report by TLP Advisory, a Nigerian venture law firm, has revealed that 51 per cent of startups in Nigeria face difficulties securing funding, primarily due to currency volatility and limited access to investors. The report, titled “A Decade of the Nigerian Venture Ecosystem: Numbers, Insights & Stories,” launched on Tuesday, provided a comprehensive

Read More A new report by TLP Advisory, a Nigerian venture law firm, has revealed that 51 per cent of startups in Nigeria face difficulties securing funding, primarily due to currency volatility and limited access to investors. The report, titled “A Decade of the Nigerian Venture Ecosystem: Numbers, Insights & Stories,” launched on Tuesday, provided a comprehensive
Read More  Punch Newspapers – Business

A new report by TLP Advisory, a Nigerian venture law firm, has revealed that 51 per cent of startups in Nigeria face difficulties securing funding, primarily due to currency volatility and limited access to investors. The report, titled “A Decade of the Nigerian Venture Ecosystem: Numbers, Insights & Stories,” launched on Tuesday, provided a comprehensive
Read More

Firm inaugurates organic sesame hulling plant

Firm inaugurates organic sesame hulling plant

Agventure Commodities Limited on Monday inaugurated an organic and natural sesame hulling plant in Kano State as part of efforts to expand agro export in the country. The new sesame hulling plant is expected to generate employment opportunities for the local community, creating over 600 direct and indirect new jobs. The General Manager of the

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Agventure Commodities Limited on Monday inaugurated an organic and natural sesame hulling plant in Kano State as part of efforts to expand agro export in the country. The new sesame hulling plant is expected to generate employment opportunities for the local community, creating over 600 direct and indirect new jobs. The General Manager of the

Read More Agventure Commodities Limited on Monday inaugurated an organic and natural sesame hulling plant in Kano State as part of efforts to expand agro export in the country. The new sesame hulling plant is expected to generate employment opportunities for the local community, creating over 600 direct and indirect new jobs. The General Manager of the
Read More  Punch Newspapers – Business

Agventure Commodities Limited on Monday inaugurated an organic and natural sesame hulling plant in Kano State as part of efforts to expand agro export in the country. The new sesame hulling plant is expected to generate employment opportunities for the local community, creating over 600 direct and indirect new jobs. The General Manager of the
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Tinubu sacks PTAD boss

Tinubu sacks PTAD boss

President Bola Tinubu has relieved Dr Chioma Ejikeme of her duties, 13 months after she was reappointed for another four years in office as the Executive Secretary of the Pension Transitional Arrangement Directorate. In a statement issued on Monday by the Head of the Corporate Communications Unit of PTAD, Olugbenga Ajayi, the President announced that

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President Bola Tinubu has relieved Dr Chioma Ejikeme of her duties, 13 months after she was reappointed for another four years in office as the Executive Secretary of the Pension Transitional Arrangement Directorate. In a statement issued on Monday by the Head of the Corporate Communications Unit of PTAD, Olugbenga Ajayi, the President announced that

Read More President Bola Tinubu has relieved Dr Chioma Ejikeme of her duties, 13 months after she was reappointed for another four years in office as the Executive Secretary of the Pension Transitional Arrangement Directorate. In a statement issued on Monday by the Head of the Corporate Communications Unit of PTAD, Olugbenga Ajayi, the President announced that
Read More  Punch Newspapers – Business

President Bola Tinubu has relieved Dr Chioma Ejikeme of her duties, 13 months after she was reappointed for another four years in office as the Executive Secretary of the Pension Transitional Arrangement Directorate. In a statement issued on Monday by the Head of the Corporate Communications Unit of PTAD, Olugbenga Ajayi, the President announced that
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PenOp decries delay in accrued rights payment

PenOp decries delay in accrued rights payment

The Pension Fund Operators Association of Nigeria has raised concerns over the Federal Government’s delay in paying accrued pension rights, which have been outstanding for 18 months. The Chief Executive Officer of PenOp, Oguche Agudah, disclosed this during an interview on The Morning Show on Arise News TV on Monday. Agudah explained that accrued rights

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The Pension Fund Operators Association of Nigeria has raised concerns over the Federal Government’s delay in paying accrued pension rights, which have been outstanding for 18 months. The Chief Executive Officer of PenOp, Oguche Agudah, disclosed this during an interview on The Morning Show on Arise News TV on Monday. Agudah explained that accrued rights

Read More The Pension Fund Operators Association of Nigeria has raised concerns over the Federal Government’s delay in paying accrued pension rights, which have been outstanding for 18 months. The Chief Executive Officer of PenOp, Oguche Agudah, disclosed this during an interview on The Morning Show on Arise News TV on Monday. Agudah explained that accrued rights
Read More  Punch Newspapers – Business

The Pension Fund Operators Association of Nigeria has raised concerns over the Federal Government’s delay in paying accrued pension rights, which have been outstanding for 18 months. The Chief Executive Officer of PenOp, Oguche Agudah, disclosed this during an interview on The Morning Show on Arise News TV on Monday. Agudah explained that accrued rights
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Nigeria’s macroeconomic environment now stable, investor-friendly – FG

Nigeria’s macroeconomic environment now stable, investor-friendly – FG

The macroeconomic environment in Nigeria is now stable and investor-friendly, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said. He also expressed confidence that the economic reforms of the government had laid the foundation for local investment that would bring about industrialisation and lift citizens out of poverty. Edun stated

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The macroeconomic environment in Nigeria is now stable and investor-friendly, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said. He also expressed confidence that the economic reforms of the government had laid the foundation for local investment that would bring about industrialisation and lift citizens out of poverty. Edun stated

Read More The macroeconomic environment in Nigeria is now stable and investor-friendly, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said. He also expressed confidence that the economic reforms of the government had laid the foundation for local investment that would bring about industrialisation and lift citizens out of poverty. Edun stated
Read More  Punch Newspapers – Business

The macroeconomic environment in Nigeria is now stable and investor-friendly, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said. He also expressed confidence that the economic reforms of the government had laid the foundation for local investment that would bring about industrialisation and lift citizens out of poverty. Edun stated
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Guild advocates construction laws to tackle building collapse

Guild advocates construction laws to tackle building collapse

The Building Collapse Prevention Guild has recommended establishing construction laws to tackle building collapses in the country. A partner with the engineering unit at Consol Associates Ltd, Aderonke Oyelami, made the call during a BCPG Ikoyi-Obalende Cell event in Lagos recently. The presentation, titled “Ikoyi in Transition: From Highbrow Residential Scheme to Mixed Development: Keeping

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The Building Collapse Prevention Guild has recommended establishing construction laws to tackle building collapses in the country. A partner with the engineering unit at Consol Associates Ltd, Aderonke Oyelami, made the call during a BCPG Ikoyi-Obalende Cell event in Lagos recently. The presentation, titled “Ikoyi in Transition: From Highbrow Residential Scheme to Mixed Development: Keeping

Read More The Building Collapse Prevention Guild has recommended establishing construction laws to tackle building collapses in the country. A partner with the engineering unit at Consol Associates Ltd, Aderonke Oyelami, made the call during a BCPG Ikoyi-Obalende Cell event in Lagos recently. The presentation, titled “Ikoyi in Transition: From Highbrow Residential Scheme to Mixed Development: Keeping
Read More  Punch Newspapers – Business

The Building Collapse Prevention Guild has recommended establishing construction laws to tackle building collapses in the country. A partner with the engineering unit at Consol Associates Ltd, Aderonke Oyelami, made the call during a BCPG Ikoyi-Obalende Cell event in Lagos recently. The presentation, titled “Ikoyi in Transition: From Highbrow Residential Scheme to Mixed Development: Keeping
Read More

Julius Berger delivers long-lasting projects – NIPR

Julius Berger delivers long-lasting projects – NIPR

The Nigerian Institute of Public Relations has stated that Julius Berger Construction Company delivers long-lasting engineering projects nationally. In a statement, the institute noted that construction company Julius Berger Nigeria Plc consistently delivers top-quality jobs nationwide. The institute also commended Governor Sheriff Oborevwori of Delta State for the construction of projects across the state. The

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The Nigerian Institute of Public Relations has stated that Julius Berger Construction Company delivers long-lasting engineering projects nationally. In a statement, the institute noted that construction company Julius Berger Nigeria Plc consistently delivers top-quality jobs nationwide. The institute also commended Governor Sheriff Oborevwori of Delta State for the construction of projects across the state. The

Read More The Nigerian Institute of Public Relations has stated that Julius Berger Construction Company delivers long-lasting engineering projects nationally. In a statement, the institute noted that construction company Julius Berger Nigeria Plc consistently delivers top-quality jobs nationwide. The institute also commended Governor Sheriff Oborevwori of Delta State for the construction of projects across the state. The
Read More  Punch Newspapers – Business

The Nigerian Institute of Public Relations has stated that Julius Berger Construction Company delivers long-lasting engineering projects nationally. In a statement, the institute noted that construction company Julius Berger Nigeria Plc consistently delivers top-quality jobs nationwide. The institute also commended Governor Sheriff Oborevwori of Delta State for the construction of projects across the state. The
Read More

Passion vs Paycheque: How to navigate career crossroads

Passion vs Paycheque: How to navigate career crossroads

In Nigeria’s changing job landscape, many are torn between the stability of a corporate paycheck and the desire to follow their passions, HENRY FALAIYE writes As Nigeria grapples with economic uncertainty, the dilemma of choosing between passion and paycheck is more relevant than ever. Many professionals find themselves at a juncture where their careers, though

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In Nigeria’s changing job landscape, many are torn between the stability of a corporate paycheck and the desire to follow their passions, HENRY FALAIYE writes As Nigeria grapples with economic uncertainty, the dilemma of choosing between passion and paycheck is more relevant than ever. Many professionals find themselves at a juncture where their careers, though

Read More In Nigeria’s changing job landscape, many are torn between the stability of a corporate paycheck and the desire to follow their passions, HENRY FALAIYE writes As Nigeria grapples with economic uncertainty, the dilemma of choosing between passion and paycheck is more relevant than ever. Many professionals find themselves at a juncture where their careers, though
Read More  Punch Newspapers – Business

In Nigeria’s changing job landscape, many are torn between the stability of a corporate paycheck and the desire to follow their passions, HENRY FALAIYE writes As Nigeria grapples with economic uncertainty, the dilemma of choosing between passion and paycheck is more relevant than ever. Many professionals find themselves at a juncture where their careers, though
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Flour Mills shares hit seven-day high on buyback

Flour Mills shares hit seven-day high on buyback

The shares of Flour Mills of Nigeria Plc hit a seven-day high on Friday on the back of a share buyback which was approved by shareholders at a court-ordered meeting of the company. Flour Mills shares closed the past week trading at N78.65 per unit indicating a 10 per cent gain over the previous day’s

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The shares of Flour Mills of Nigeria Plc hit a seven-day high on Friday on the back of a share buyback which was approved by shareholders at a court-ordered meeting of the company. Flour Mills shares closed the past week trading at N78.65 per unit indicating a 10 per cent gain over the previous day’s

Read More The shares of Flour Mills of Nigeria Plc hit a seven-day high on Friday on the back of a share buyback which was approved by shareholders at a court-ordered meeting of the company. Flour Mills shares closed the past week trading at N78.65 per unit indicating a 10 per cent gain over the previous day’s
Read More  Punch Newspapers – Business

The shares of Flour Mills of Nigeria Plc hit a seven-day high on Friday on the back of a share buyback which was approved by shareholders at a court-ordered meeting of the company. Flour Mills shares closed the past week trading at N78.65 per unit indicating a 10 per cent gain over the previous day’s
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Minimum wage: FG to spend N6.5tn, says MTEF

Minimum wage: FG to spend N6.5tn, says MTEF

The Federal Government has indicated that its spending on personnel costs will increase by at least 60 per cent in 2025. It said this is due to the implementation of the new national minimum wage and consequential adjustments for all cadres of the federal civil service. Checks by our correspondent showed that N4.1tn was budgeted

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The Federal Government has indicated that its spending on personnel costs will increase by at least 60 per cent in 2025. It said this is due to the implementation of the new national minimum wage and consequential adjustments for all cadres of the federal civil service. Checks by our correspondent showed that N4.1tn was budgeted

Read More The Federal Government has indicated that its spending on personnel costs will increase by at least 60 per cent in 2025. It said this is due to the implementation of the new national minimum wage and consequential adjustments for all cadres of the federal civil service. Checks by our correspondent showed that N4.1tn was budgeted
Read More  Punch Newspapers – Business

The Federal Government has indicated that its spending on personnel costs will increase by at least 60 per cent in 2025. It said this is due to the implementation of the new national minimum wage and consequential adjustments for all cadres of the federal civil service. Checks by our correspondent showed that N4.1tn was budgeted
Read More

Dangote, IPMAN sign 240m litres monthly petrol deal

Dangote, IPMAN sign 240m litres monthly petrol deal

The Dangote Petroleum Refinery has offered to supply 60 million litres of Premium Motor Spirit, popularly called petrol, to the Independent Petroleum Marketers Association of Nigeria weekly, which translates to 240 million litres monthly. It was gathered from the association that the refinery agreed to give 60 million litres of PMS to IPMAN members weekly,

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The Dangote Petroleum Refinery has offered to supply 60 million litres of Premium Motor Spirit, popularly called petrol, to the Independent Petroleum Marketers Association of Nigeria weekly, which translates to 240 million litres monthly. It was gathered from the association that the refinery agreed to give 60 million litres of PMS to IPMAN members weekly,

Read More The Dangote Petroleum Refinery has offered to supply 60 million litres of Premium Motor Spirit, popularly called petrol, to the Independent Petroleum Marketers Association of Nigeria weekly, which translates to 240 million litres monthly. It was gathered from the association that the refinery agreed to give 60 million litres of PMS to IPMAN members weekly,
Read More  Punch Newspapers – Business

The Dangote Petroleum Refinery has offered to supply 60 million litres of Premium Motor Spirit, popularly called petrol, to the Independent Petroleum Marketers Association of Nigeria weekly, which translates to 240 million litres monthly. It was gathered from the association that the refinery agreed to give 60 million litres of PMS to IPMAN members weekly,
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Govts can generate revenue from property tax – IMF

Govts can generate revenue from property tax – IMF

The International Monetary Fund has identified property tax as a key revenue source for sustainable growth in Nigeria and low-income countries. This was disclosed in a recent analysis by the IMF. It stated, “Recurrent taxes on immovable property could help local governments capture the wealth generated through construction-intensive urbanisation. Generating such revenue fairly is especially

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The International Monetary Fund has identified property tax as a key revenue source for sustainable growth in Nigeria and low-income countries. This was disclosed in a recent analysis by the IMF. It stated, “Recurrent taxes on immovable property could help local governments capture the wealth generated through construction-intensive urbanisation. Generating such revenue fairly is especially

Read More The International Monetary Fund has identified property tax as a key revenue source for sustainable growth in Nigeria and low-income countries. This was disclosed in a recent analysis by the IMF. It stated, “Recurrent taxes on immovable property could help local governments capture the wealth generated through construction-intensive urbanisation. Generating such revenue fairly is especially
Read More  Punch Newspapers – Business

The International Monetary Fund has identified property tax as a key revenue source for sustainable growth in Nigeria and low-income countries. This was disclosed in a recent analysis by the IMF. It stated, “Recurrent taxes on immovable property could help local governments capture the wealth generated through construction-intensive urbanisation. Generating such revenue fairly is especially
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Investors gain N295bn as stock market turns bullish

Investors gain N295bn as stock market turns bullish

The Nigerian Exchange turned bullish in the past week for investors who gained about N295bn at the close of trading on the back of positive sentiments even as trading activities weakened. This gain comes after two consecutive weeks of losses, bringing the year-to-date performance of the All-Share Index to +30.69 per cent. This performance was

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The Nigerian Exchange turned bullish in the past week for investors who gained about N295bn at the close of trading on the back of positive sentiments even as trading activities weakened. This gain comes after two consecutive weeks of losses, bringing the year-to-date performance of the All-Share Index to +30.69 per cent. This performance was

Read More The Nigerian Exchange turned bullish in the past week for investors who gained about N295bn at the close of trading on the back of positive sentiments even as trading activities weakened. This gain comes after two consecutive weeks of losses, bringing the year-to-date performance of the All-Share Index to +30.69 per cent. This performance was
Read More  Punch Newspapers – Business

The Nigerian Exchange turned bullish in the past week for investors who gained about N295bn at the close of trading on the back of positive sentiments even as trading activities weakened. This gain comes after two consecutive weeks of losses, bringing the year-to-date performance of the All-Share Index to +30.69 per cent. This performance was
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LAPO advocates financial inclusion for underserved communities

LAPO advocates financial inclusion for underserved communities

LAPO Microfinance Bank  has advocated financial inclusion for underserved communities In a statement made available to The PUNCH on Sunday, the bank noted that it was actively championing financial inclusion across Nigeria, reinforcing its commitment to empowering underserved communities. It stated, “In recent years, Nigeria has made significant progress in expanding financial services, but millions

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LAPO Microfinance Bank  has advocated financial inclusion for underserved communities In a statement made available to The PUNCH on Sunday, the bank noted that it was actively championing financial inclusion across Nigeria, reinforcing its commitment to empowering underserved communities. It stated, “In recent years, Nigeria has made significant progress in expanding financial services, but millions

Read More LAPO Microfinance Bank  has advocated financial inclusion for underserved communities In a statement made available to The PUNCH on Sunday, the bank noted that it was actively championing financial inclusion across Nigeria, reinforcing its commitment to empowering underserved communities. It stated, “In recent years, Nigeria has made significant progress in expanding financial services, but millions
Read More  Punch Newspapers – Business

LAPO Microfinance Bank  has advocated financial inclusion for underserved communities In a statement made available to The PUNCH on Sunday, the bank noted that it was actively championing financial inclusion across Nigeria, reinforcing its commitment to empowering underserved communities. It stated, “In recent years, Nigeria has made significant progress in expanding financial services, but millions
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Foreign inflow on NGX drops to N11bn – Report

Foreign inflow on NGX drops to N11bn – Report

Foreign inflow into the Nigerian Exchange Limited declined to the lowest point of the year at N11.26bn in September. This is according to the latest Domestic & Foreign Portfolio Investment Report of the NGX. The report indicated that as foreign inflow weakened, foreign investors increased the amount of their investments that they liquidated between August

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Foreign inflow into the Nigerian Exchange Limited declined to the lowest point of the year at N11.26bn in September. This is according to the latest Domestic & Foreign Portfolio Investment Report of the NGX. The report indicated that as foreign inflow weakened, foreign investors increased the amount of their investments that they liquidated between August

Read More Foreign inflow into the Nigerian Exchange Limited declined to the lowest point of the year at N11.26bn in September. This is according to the latest Domestic & Foreign Portfolio Investment Report of the NGX. The report indicated that as foreign inflow weakened, foreign investors increased the amount of their investments that they liquidated between August
Read More  Punch Newspapers – Business

Foreign inflow into the Nigerian Exchange Limited declined to the lowest point of the year at N11.26bn in September. This is according to the latest Domestic & Foreign Portfolio Investment Report of the NGX. The report indicated that as foreign inflow weakened, foreign investors increased the amount of their investments that they liquidated between August
Read More

Noor Takaful shares N116m surplus to policyholders

Noor Takaful shares N116m surplus to policyholders

Noor Takaful Insurance Limited has distributed N116.30m as surplus to an eligible group of policyholders who did not make claims on their insurance during the 2022 financial year. The surplus distribution was made during the second edition of the African Takaful and Non-Interest Finance conference in Lagos. A total of 1,211 participants including individuals, financial

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Noor Takaful Insurance Limited has distributed N116.30m as surplus to an eligible group of policyholders who did not make claims on their insurance during the 2022 financial year. The surplus distribution was made during the second edition of the African Takaful and Non-Interest Finance conference in Lagos. A total of 1,211 participants including individuals, financial

Read More Noor Takaful Insurance Limited has distributed N116.30m as surplus to an eligible group of policyholders who did not make claims on their insurance during the 2022 financial year. The surplus distribution was made during the second edition of the African Takaful and Non-Interest Finance conference in Lagos. A total of 1,211 participants including individuals, financial
Read More  Punch Newspapers – Business

Noor Takaful Insurance Limited has distributed N116.30m as surplus to an eligible group of policyholders who did not make claims on their insurance during the 2022 financial year. The surplus distribution was made during the second edition of the African Takaful and Non-Interest Finance conference in Lagos. A total of 1,211 participants including individuals, financial
Read More

FAMFA Oil chairman to receive doctoral award

FAMFA Oil chairman to receive doctoral award

FAMFA Oil has announced that its Chairman, Modupe Alakija, will be conferred with an Honorary Doctor of Business Administration degree from Ajayi Crowther University, Oyo, in recognition of his outstanding contributions to business law, corporate governance, and economic development in Nigeria. In a statement by the company, it was stated that the conferment ceremony would

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FAMFA Oil has announced that its Chairman, Modupe Alakija, will be conferred with an Honorary Doctor of Business Administration degree from Ajayi Crowther University, Oyo, in recognition of his outstanding contributions to business law, corporate governance, and economic development in Nigeria. In a statement by the company, it was stated that the conferment ceremony would

Read More FAMFA Oil has announced that its Chairman, Modupe Alakija, will be conferred with an Honorary Doctor of Business Administration degree from Ajayi Crowther University, Oyo, in recognition of his outstanding contributions to business law, corporate governance, and economic development in Nigeria. In a statement by the company, it was stated that the conferment ceremony would
Read More  Punch Newspapers – Business

FAMFA Oil has announced that its Chairman, Modupe Alakija, will be conferred with an Honorary Doctor of Business Administration degree from Ajayi Crowther University, Oyo, in recognition of his outstanding contributions to business law, corporate governance, and economic development in Nigeria. In a statement by the company, it was stated that the conferment ceremony would
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Energy price hike affecting small businesses negatively – SMEDAN

Energy price hike affecting small businesses negatively – SMEDAN

The Small and Medium Enterprises Development Agency of Nigeria has said that the rise in energy costs, particularly electricity and petrol, has posed a big challenge to small businesses in Nigeria. SMEDAN added that increased costs directly impact production costs, transportation expenses, and overall operational efficiency. The Director-General of SMEDAN, Charles Odii, disclosed this in

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The Small and Medium Enterprises Development Agency of Nigeria has said that the rise in energy costs, particularly electricity and petrol, has posed a big challenge to small businesses in Nigeria. SMEDAN added that increased costs directly impact production costs, transportation expenses, and overall operational efficiency. The Director-General of SMEDAN, Charles Odii, disclosed this in

Read More The Small and Medium Enterprises Development Agency of Nigeria has said that the rise in energy costs, particularly electricity and petrol, has posed a big challenge to small businesses in Nigeria. SMEDAN added that increased costs directly impact production costs, transportation expenses, and overall operational efficiency. The Director-General of SMEDAN, Charles Odii, disclosed this in
Read More  Punch Newspapers – Business

The Small and Medium Enterprises Development Agency of Nigeria has said that the rise in energy costs, particularly electricity and petrol, has posed a big challenge to small businesses in Nigeria. SMEDAN added that increased costs directly impact production costs, transportation expenses, and overall operational efficiency. The Director-General of SMEDAN, Charles Odii, disclosed this in
Read More

Accugas Limited, Ibom Power disagree over power outages

Accugas Limited, Ibom Power disagree over power outages

Accugas Limited, a subsidiary of Savannah Energy, and the Ibom Power plant have continued to trade blame over power outages in Akwa Ibom State. The power outages crippled social and economic activities for three days in the state culminating in the sacking of the Managing Director of the Ibom Power Plant, Meyen Etukudo, by the

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Accugas Limited, a subsidiary of Savannah Energy, and the Ibom Power plant have continued to trade blame over power outages in Akwa Ibom State. The power outages crippled social and economic activities for three days in the state culminating in the sacking of the Managing Director of the Ibom Power Plant, Meyen Etukudo, by the

Read More Accugas Limited, a subsidiary of Savannah Energy, and the Ibom Power plant have continued to trade blame over power outages in Akwa Ibom State. The power outages crippled social and economic activities for three days in the state culminating in the sacking of the Managing Director of the Ibom Power Plant, Meyen Etukudo, by the
Read More  Punch Newspapers – Business

Accugas Limited, a subsidiary of Savannah Energy, and the Ibom Power plant have continued to trade blame over power outages in Akwa Ibom State. The power outages crippled social and economic activities for three days in the state culminating in the sacking of the Managing Director of the Ibom Power Plant, Meyen Etukudo, by the
Read More

NACCIMA to boycott investor’s forum over legitimacy concerns

NACCIMA to boycott investor’s forum over legitimacy concerns

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on Nigerian businesses, government officials, and other stakeholders to boycott the Nigeria-India Investor’s Forum and Business Expo, scheduled for November 17-18, 2024. The PUNCH learned NACCIMA filed a petition to the Minister of Foreign Affairs, Yusuf Tuggar, on November 17 describing the

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The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on Nigerian businesses, government officials, and other stakeholders to boycott the Nigeria-India Investor’s Forum and Business Expo, scheduled for November 17-18, 2024. The PUNCH learned NACCIMA filed a petition to the Minister of Foreign Affairs, Yusuf Tuggar, on November 17 describing the

Read More The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on Nigerian businesses, government officials, and other stakeholders to boycott the Nigeria-India Investor’s Forum and Business Expo, scheduled for November 17-18, 2024. The PUNCH learned NACCIMA filed a petition to the Minister of Foreign Affairs, Yusuf Tuggar, on November 17 describing the
Read More  Punch Newspapers – Business

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on Nigerian businesses, government officials, and other stakeholders to boycott the Nigeria-India Investor’s Forum and Business Expo, scheduled for November 17-18, 2024. The PUNCH learned NACCIMA filed a petition to the Minister of Foreign Affairs, Yusuf Tuggar, on November 17 describing the
Read More

FG to work with states on land registration – Minister

FG to work with states on land registration – Minister

The Minister of Housing and Urban Development, Ahmed Dangiwa, has stated that 90 per cent of Nigeria’s land remains unregistered, as he expressed the readiness of the Federal Government to work with states in addressing this. He disclosed this in his remarks during the meeting with state commissioners responsible for lands and housing matters at

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The Minister of Housing and Urban Development, Ahmed Dangiwa, has stated that 90 per cent of Nigeria’s land remains unregistered, as he expressed the readiness of the Federal Government to work with states in addressing this. He disclosed this in his remarks during the meeting with state commissioners responsible for lands and housing matters at

Read More The Minister of Housing and Urban Development, Ahmed Dangiwa, has stated that 90 per cent of Nigeria’s land remains unregistered, as he expressed the readiness of the Federal Government to work with states in addressing this. He disclosed this in his remarks during the meeting with state commissioners responsible for lands and housing matters at
Read More  Punch Newspapers – Business

The Minister of Housing and Urban Development, Ahmed Dangiwa, has stated that 90 per cent of Nigeria’s land remains unregistered, as he expressed the readiness of the Federal Government to work with states in addressing this. He disclosed this in his remarks during the meeting with state commissioners responsible for lands and housing matters at
Read More

Benue govt set to enact electricity law

Benue govt set to enact electricity law

The Benue State Government says it is working on enacting an electricity law to regulate the state energy sector. The Commissioner for Transport, Renewable Energy, and Power, Mr Omale Omale, disclosed this in an interview with the News Agency of Nigeria on Sunday in Makurdi. Omale said that a draft of the bill was at

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The Benue State Government says it is working on enacting an electricity law to regulate the state energy sector. The Commissioner for Transport, Renewable Energy, and Power, Mr Omale Omale, disclosed this in an interview with the News Agency of Nigeria on Sunday in Makurdi. Omale said that a draft of the bill was at

Read More The Benue State Government says it is working on enacting an electricity law to regulate the state energy sector. The Commissioner for Transport, Renewable Energy, and Power, Mr Omale Omale, disclosed this in an interview with the News Agency of Nigeria on Sunday in Makurdi. Omale said that a draft of the bill was at
Read More  Punch Newspapers – Business

The Benue State Government says it is working on enacting an electricity law to regulate the state energy sector. The Commissioner for Transport, Renewable Energy, and Power, Mr Omale Omale, disclosed this in an interview with the News Agency of Nigeria on Sunday in Makurdi. Omale said that a draft of the bill was at
Read More

Wema Bank appoints new directors

Wema Bank appoints new directors

The board of Wema Bank has appointed a new Deputy Managing Director, Oluwole Ajimisinmi and a new Executive Director, Olukayode Bakare. Ajimisinmi’s appointment followed the retirement of Oluwole Akinleye after 10 years on the board. According to a notice filed with the Nigerian Exchange Limited on Friday, the Ajimisinmi whose appointment takes effect from December

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The board of Wema Bank has appointed a new Deputy Managing Director, Oluwole Ajimisinmi and a new Executive Director, Olukayode Bakare. Ajimisinmi’s appointment followed the retirement of Oluwole Akinleye after 10 years on the board. According to a notice filed with the Nigerian Exchange Limited on Friday, the Ajimisinmi whose appointment takes effect from December

Read More The board of Wema Bank has appointed a new Deputy Managing Director, Oluwole Ajimisinmi and a new Executive Director, Olukayode Bakare. Ajimisinmi’s appointment followed the retirement of Oluwole Akinleye after 10 years on the board. According to a notice filed with the Nigerian Exchange Limited on Friday, the Ajimisinmi whose appointment takes effect from December
Read More  Punch Newspapers – Business

The board of Wema Bank has appointed a new Deputy Managing Director, Oluwole Ajimisinmi and a new Executive Director, Olukayode Bakare. Ajimisinmi’s appointment followed the retirement of Oluwole Akinleye after 10 years on the board. According to a notice filed with the Nigerian Exchange Limited on Friday, the Ajimisinmi whose appointment takes effect from December
Read More

Disco blames load rejection on underpayments by customers

Disco blames load rejection on underpayments by customers

The acting Managing Director/CEO of the Abuja Electricity Distribution Company, Chijioke Okuwuokenye, has stated that the burgeoning debts and electricity overloading are some of the reasons why power distribution companies reject electricity from the national grid despite blackouts in many communities. He stated that the problem is worsened by the prevailing culture in Nigeria, where

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The acting Managing Director/CEO of the Abuja Electricity Distribution Company, Chijioke Okuwuokenye, has stated that the burgeoning debts and electricity overloading are some of the reasons why power distribution companies reject electricity from the national grid despite blackouts in many communities. He stated that the problem is worsened by the prevailing culture in Nigeria, where

Read More The acting Managing Director/CEO of the Abuja Electricity Distribution Company, Chijioke Okuwuokenye, has stated that the burgeoning debts and electricity overloading are some of the reasons why power distribution companies reject electricity from the national grid despite blackouts in many communities. He stated that the problem is worsened by the prevailing culture in Nigeria, where
Read More  Punch Newspapers – Business

The acting Managing Director/CEO of the Abuja Electricity Distribution Company, Chijioke Okuwuokenye, has stated that the burgeoning debts and electricity overloading are some of the reasons why power distribution companies reject electricity from the national grid despite blackouts in many communities. He stated that the problem is worsened by the prevailing culture in Nigeria, where
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NGX proposes tougher rules for large-volume trades

NGX proposes tougher rules for large-volume trades

The Nigerian Exchange Limited has proposed new rules on block divestment and large-volume trades. Market stakeholders were invited to share their feedback on the proposed rules in a notice to trading licence holders signed by the Chief Executive Officer of the NGX Regulation Limited, Olufemi Shobanjo, on Friday. The amendment is to  Trading Licence Holders

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The Nigerian Exchange Limited has proposed new rules on block divestment and large-volume trades. Market stakeholders were invited to share their feedback on the proposed rules in a notice to trading licence holders signed by the Chief Executive Officer of the NGX Regulation Limited, Olufemi Shobanjo, on Friday. The amendment is to  Trading Licence Holders

Read More The Nigerian Exchange Limited has proposed new rules on block divestment and large-volume trades. Market stakeholders were invited to share their feedback on the proposed rules in a notice to trading licence holders signed by the Chief Executive Officer of the NGX Regulation Limited, Olufemi Shobanjo, on Friday. The amendment is to  Trading Licence Holders
Read More  Punch Newspapers – Business

The Nigerian Exchange Limited has proposed new rules on block divestment and large-volume trades. Market stakeholders were invited to share their feedback on the proposed rules in a notice to trading licence holders signed by the Chief Executive Officer of the NGX Regulation Limited, Olufemi Shobanjo, on Friday. The amendment is to  Trading Licence Holders
Read More

Ensure accurate branding, NAFDAC tells businesses

Ensure accurate branding, NAFDAC tells businesses

The National Agency for Food and Drug Administration and Control has called on businesses to prioritise compliance with health and safety regulations, emphasising the importance of accurate branding and proper handling of regulated products. NAFDAC Director-General, Prof Mojisola Adeyeye, represented by the Director of the Northwest Zone, Nantin Dadi, gave this charge during a panel

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The National Agency for Food and Drug Administration and Control has called on businesses to prioritise compliance with health and safety regulations, emphasising the importance of accurate branding and proper handling of regulated products. NAFDAC Director-General, Prof Mojisola Adeyeye, represented by the Director of the Northwest Zone, Nantin Dadi, gave this charge during a panel

Read More The National Agency for Food and Drug Administration and Control has called on businesses to prioritise compliance with health and safety regulations, emphasising the importance of accurate branding and proper handling of regulated products. NAFDAC Director-General, Prof Mojisola Adeyeye, represented by the Director of the Northwest Zone, Nantin Dadi, gave this charge during a panel
Read More  Punch Newspapers – Business

The National Agency for Food and Drug Administration and Control has called on businesses to prioritise compliance with health and safety regulations, emphasising the importance of accurate branding and proper handling of regulated products. NAFDAC Director-General, Prof Mojisola Adeyeye, represented by the Director of the Northwest Zone, Nantin Dadi, gave this charge during a panel
Read More

FATE Foundation seeks improvement in Nigeria’s business environment

FATE Foundation seeks improvement in Nigeria’s business environment

The FATE Institute, a subsidiary of the FATE Foundation, has stated that the business environment in Nigeria has been declining over the years and called for improvement in this area. It disclosed this in Lagos during a recent press conference to announce the 10th Policy Dialogue Series on Entrepreneurship. Speaking during the programme, a Director

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The FATE Institute, a subsidiary of the FATE Foundation, has stated that the business environment in Nigeria has been declining over the years and called for improvement in this area. It disclosed this in Lagos during a recent press conference to announce the 10th Policy Dialogue Series on Entrepreneurship. Speaking during the programme, a Director

Read More The FATE Institute, a subsidiary of the FATE Foundation, has stated that the business environment in Nigeria has been declining over the years and called for improvement in this area. It disclosed this in Lagos during a recent press conference to announce the 10th Policy Dialogue Series on Entrepreneurship. Speaking during the programme, a Director
Read More  Punch Newspapers – Business

The FATE Institute, a subsidiary of the FATE Foundation, has stated that the business environment in Nigeria has been declining over the years and called for improvement in this area. It disclosed this in Lagos during a recent press conference to announce the 10th Policy Dialogue Series on Entrepreneurship. Speaking during the programme, a Director
Read More

Jobberman unveils campaign to empower women

Jobberman unveils campaign to empower women

Jobberman Nigeria has unveiled the #BeABossLady Campaign, an initiative aimed at equipping women with financial and entrepreneurial skills, as part of efforts to tackle poverty and promote economic development. Jobberman launched the #BeABossLady Campaign in Lagos recently, which provides courses targeted to women aged 18 to 35 to empower them to pursue careers, launch businesses,

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Jobberman Nigeria has unveiled the #BeABossLady Campaign, an initiative aimed at equipping women with financial and entrepreneurial skills, as part of efforts to tackle poverty and promote economic development. Jobberman launched the #BeABossLady Campaign in Lagos recently, which provides courses targeted to women aged 18 to 35 to empower them to pursue careers, launch businesses,

Read More Jobberman Nigeria has unveiled the #BeABossLady Campaign, an initiative aimed at equipping women with financial and entrepreneurial skills, as part of efforts to tackle poverty and promote economic development. Jobberman launched the #BeABossLady Campaign in Lagos recently, which provides courses targeted to women aged 18 to 35 to empower them to pursue careers, launch businesses,
Read More  Punch Newspapers – Business

Jobberman Nigeria has unveiled the #BeABossLady Campaign, an initiative aimed at equipping women with financial and entrepreneurial skills, as part of efforts to tackle poverty and promote economic development. Jobberman launched the #BeABossLady Campaign in Lagos recently, which provides courses targeted to women aged 18 to 35 to empower them to pursue careers, launch businesses,
Read More

Oil earnings may hit N6.9tn monthly as production rises

Oil earnings may hit N6.9tn monthly as production rises

The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is

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The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is

Read More The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is
Read More  Punch Newspapers – Business

The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is
Read More

FG woos investors to tackle food insecurity

FG woos investors to tackle food insecurity

The Federal Government is seeking the collaboration of the private sector to help address the country’s agricultural production challenges. The Minister of Agriculture and Food Security, Mohammad Abubakar, stated this via a video presentation at the Food and Energy Security in Africa Conference in Lagos, organised by White & Case in collaboration with the African

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The Federal Government is seeking the collaboration of the private sector to help address the country’s agricultural production challenges. The Minister of Agriculture and Food Security, Mohammad Abubakar, stated this via a video presentation at the Food and Energy Security in Africa Conference in Lagos, organised by White & Case in collaboration with the African

Read More The Federal Government is seeking the collaboration of the private sector to help address the country’s agricultural production challenges. The Minister of Agriculture and Food Security, Mohammad Abubakar, stated this via a video presentation at the Food and Energy Security in Africa Conference in Lagos, organised by White & Case in collaboration with the African
Read More  Punch Newspapers – Business

The Federal Government is seeking the collaboration of the private sector to help address the country’s agricultural production challenges. The Minister of Agriculture and Food Security, Mohammad Abubakar, stated this via a video presentation at the Food and Energy Security in Africa Conference in Lagos, organised by White & Case in collaboration with the African
Read More

W’Bank detects $32m unaccounted funds in Nigeria’s water project

W’Bank detects $32m unaccounted funds in Nigeria’s water project

The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (referred to as ‘INT’ in the report) flagged the discrepancies after a forensic review. The funds, intended to

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The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (referred to as ‘INT’ in the report) flagged the discrepancies after a forensic review. The funds, intended to

Read More The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (referred to as ‘INT’ in the report) flagged the discrepancies after a forensic review. The funds, intended to
Read More  Punch Newspapers – Business

The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (referred to as ‘INT’ in the report) flagged the discrepancies after a forensic review. The funds, intended to
Read More

FMBN denies involvement in N40m mortgage scheme

FMBN denies involvement in N40m mortgage scheme

The Federal Mortgage Bank of Nigeria has distanced itself from reports linking it to a N40 million mortgage pre-financing scheme offered by Housing Exchange Africa (HXAfrica). In a formal disclaimer issued on Saturday, FMBN clarified that it has not entered into any formal partnership or approved any arrangement with HXAfrica for the purported mortgage initiative.

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The Federal Mortgage Bank of Nigeria has distanced itself from reports linking it to a N40 million mortgage pre-financing scheme offered by Housing Exchange Africa (HXAfrica). In a formal disclaimer issued on Saturday, FMBN clarified that it has not entered into any formal partnership or approved any arrangement with HXAfrica for the purported mortgage initiative.

Read More The Federal Mortgage Bank of Nigeria has distanced itself from reports linking it to a N40 million mortgage pre-financing scheme offered by Housing Exchange Africa (HXAfrica). In a formal disclaimer issued on Saturday, FMBN clarified that it has not entered into any formal partnership or approved any arrangement with HXAfrica for the purported mortgage initiative.
Read More  Punch Newspapers – Business

The Federal Mortgage Bank of Nigeria has distanced itself from reports linking it to a N40 million mortgage pre-financing scheme offered by Housing Exchange Africa (HXAfrica). In a formal disclaimer issued on Saturday, FMBN clarified that it has not entered into any formal partnership or approved any arrangement with HXAfrica for the purported mortgage initiative.
Read More

Economists blame high energy costs as inflation hits 33.88%

Economists blame high energy costs as inflation hits 33.88%

The rate of inflation in Nigeria increased to 33.88 per cent in October 2024 from 32.70 per cent in September, surpassing the projections of analysts who had pegged the rate to settle at 33.84 per cent. The analysts based their projections on elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities in the

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The rate of inflation in Nigeria increased to 33.88 per cent in October 2024 from 32.70 per cent in September, surpassing the projections of analysts who had pegged the rate to settle at 33.84 per cent. The analysts based their projections on elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities in the

Read More The rate of inflation in Nigeria increased to 33.88 per cent in October 2024 from 32.70 per cent in September, surpassing the projections of analysts who had pegged the rate to settle at 33.84 per cent. The analysts based their projections on elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities in the
Read More  Punch Newspapers – Business

The rate of inflation in Nigeria increased to 33.88 per cent in October 2024 from 32.70 per cent in September, surpassing the projections of analysts who had pegged the rate to settle at 33.84 per cent. The analysts based their projections on elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities in the
Read More

Govt distributes vaccines to tackle livestock disease

Govt distributes vaccines to tackle livestock disease

The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged

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The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged

Read More The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged
Read More  Punch Newspapers – Business

The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged
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Shippers Council seeks partnership to harness AfCFTA benefits

Shippers Council seeks partnership to harness AfCFTA benefits

The Nigerian Shippers’ Council has said that to harness the benefits of the African Continental Free Trade Agreement and other international frameworks, there is a need to forge strong partnerships across borders. The Executive Secretary and Chief Executive Officer of the NSC, Pius Akutah, disclosed this on Friday in Lagos during the 15th Annual General

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The Nigerian Shippers’ Council has said that to harness the benefits of the African Continental Free Trade Agreement and other international frameworks, there is a need to forge strong partnerships across borders. The Executive Secretary and Chief Executive Officer of the NSC, Pius Akutah, disclosed this on Friday in Lagos during the 15th Annual General

Read More The Nigerian Shippers’ Council has said that to harness the benefits of the African Continental Free Trade Agreement and other international frameworks, there is a need to forge strong partnerships across borders. The Executive Secretary and Chief Executive Officer of the NSC, Pius Akutah, disclosed this on Friday in Lagos during the 15th Annual General
Read More  Punch Newspapers – Business

The Nigerian Shippers’ Council has said that to harness the benefits of the African Continental Free Trade Agreement and other international frameworks, there is a need to forge strong partnerships across borders. The Executive Secretary and Chief Executive Officer of the NSC, Pius Akutah, disclosed this on Friday in Lagos during the 15th Annual General
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Mikano to unveil mining equipment in Abuja

Mikano to unveil mining equipment in Abuja

Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria

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Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria

Read More Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria
Read More  Punch Newspapers – Business

Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria
Read More

No plan to remove Kyari – NNPCL

No plan to remove Kyari – NNPCL

The Nigerian National Petroleum Company Limited says there is no plan to remove the Group Chief Executive Officer of the company, Mele Kyari. The spokesperson of the NNPC, Olufemi Soneye, stated this in a chat with our correspondent on Friday. Following the major shakeup in the company on Wednesday, an international newspaper reported that Kyari

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The Nigerian National Petroleum Company Limited says there is no plan to remove the Group Chief Executive Officer of the company, Mele Kyari. The spokesperson of the NNPC, Olufemi Soneye, stated this in a chat with our correspondent on Friday. Following the major shakeup in the company on Wednesday, an international newspaper reported that Kyari

Read More The Nigerian National Petroleum Company Limited says there is no plan to remove the Group Chief Executive Officer of the company, Mele Kyari. The spokesperson of the NNPC, Olufemi Soneye, stated this in a chat with our correspondent on Friday. Following the major shakeup in the company on Wednesday, an international newspaper reported that Kyari
Read More  Punch Newspapers – Business

The Nigerian National Petroleum Company Limited says there is no plan to remove the Group Chief Executive Officer of the company, Mele Kyari. The spokesperson of the NNPC, Olufemi Soneye, stated this in a chat with our correspondent on Friday. Following the major shakeup in the company on Wednesday, an international newspaper reported that Kyari
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Ogun manufacturers decry N350bn unsold inventory

Ogun manufacturers decry N350bn unsold inventory

Manufacturers in Ogun State have decried the sluggish growth in the sector which has led to a stockpile of unsold finished goods valued at N350bn. This challenge, they say, is part of a broader crisis tied to soaring costs, forex scarcity, and infrastructural decay that has hobbled productivity in recent years. The Chairman of the

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Manufacturers in Ogun State have decried the sluggish growth in the sector which has led to a stockpile of unsold finished goods valued at N350bn. This challenge, they say, is part of a broader crisis tied to soaring costs, forex scarcity, and infrastructural decay that has hobbled productivity in recent years. The Chairman of the

Read More Manufacturers in Ogun State have decried the sluggish growth in the sector which has led to a stockpile of unsold finished goods valued at N350bn. This challenge, they say, is part of a broader crisis tied to soaring costs, forex scarcity, and infrastructural decay that has hobbled productivity in recent years. The Chairman of the
Read More  Punch Newspapers – Business

Manufacturers in Ogun State have decried the sluggish growth in the sector which has led to a stockpile of unsold finished goods valued at N350bn. This challenge, they say, is part of a broader crisis tied to soaring costs, forex scarcity, and infrastructural decay that has hobbled productivity in recent years. The Chairman of the
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FX crisis halts SMEs’ expansion, operators lament

FX crisis halts SMEs’ expansion, operators lament

Operators of Small and Medium Enterprises say that the goal of expanding their businesses is becoming less feasible due to the hostile economic environment, especially the foreign exchange crisis, which is hitting import-reliant industries particularly hard. Business expansion dreams look less likely for industry players as Nigeria’s Gross Domestic Product which grew by 3.19 per

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Operators of Small and Medium Enterprises say that the goal of expanding their businesses is becoming less feasible due to the hostile economic environment, especially the foreign exchange crisis, which is hitting import-reliant industries particularly hard. Business expansion dreams look less likely for industry players as Nigeria’s Gross Domestic Product which grew by 3.19 per

Read More Operators of Small and Medium Enterprises say that the goal of expanding their businesses is becoming less feasible due to the hostile economic environment, especially the foreign exchange crisis, which is hitting import-reliant industries particularly hard. Business expansion dreams look less likely for industry players as Nigeria’s Gross Domestic Product which grew by 3.19 per
Read More  Punch Newspapers – Business

Operators of Small and Medium Enterprises say that the goal of expanding their businesses is becoming less feasible due to the hostile economic environment, especially the foreign exchange crisis, which is hitting import-reliant industries particularly hard. Business expansion dreams look less likely for industry players as Nigeria’s Gross Domestic Product which grew by 3.19 per
Read More

Tinubu may present N47tn 2025 budget to N’Assembly today

Tinubu may present N47tn 2025 budget to N’Assembly today

The Federal Government on Thursday approved the Medium-Term Expenditure Framework for 2025 – 2027 and Fiscal Strategy Paper. According to the MTEF, the proposed 2025 budget size is N47.9tn, with new borrowings of N9.22tn, the Minister of the Budget and Economic Planning, Abubakar Bagudu, told State House Correspondents after this week’s Federal Executive Council meeting

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The Federal Government on Thursday approved the Medium-Term Expenditure Framework for 2025 – 2027 and Fiscal Strategy Paper. According to the MTEF, the proposed 2025 budget size is N47.9tn, with new borrowings of N9.22tn, the Minister of the Budget and Economic Planning, Abubakar Bagudu, told State House Correspondents after this week’s Federal Executive Council meeting

Read More The Federal Government on Thursday approved the Medium-Term Expenditure Framework for 2025 – 2027 and Fiscal Strategy Paper. According to the MTEF, the proposed 2025 budget size is N47.9tn, with new borrowings of N9.22tn, the Minister of the Budget and Economic Planning, Abubakar Bagudu, told State House Correspondents after this week’s Federal Executive Council meeting
Read More  Punch Newspapers – Business

The Federal Government on Thursday approved the Medium-Term Expenditure Framework for 2025 – 2027 and Fiscal Strategy Paper. According to the MTEF, the proposed 2025 budget size is N47.9tn, with new borrowings of N9.22tn, the Minister of the Budget and Economic Planning, Abubakar Bagudu, told State House Correspondents after this week’s Federal Executive Council meeting
Read More

Nikon unveils new camera

Nikon unveils new camera

Nikon Incorporated has launched its Z6 III camera in Lagos, in a move highlighting its focus on the African market. In a statement, Nikon hailed the Z6 III as the “best hybrid camera,” combining high performance with multifunctional capabilities, appealing to both professional photographers and videographers. The Head of Sales and Strategy for the Middle

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Nikon Incorporated has launched its Z6 III camera in Lagos, in a move highlighting its focus on the African market. In a statement, Nikon hailed the Z6 III as the “best hybrid camera,” combining high performance with multifunctional capabilities, appealing to both professional photographers and videographers. The Head of Sales and Strategy for the Middle

Read More Nikon Incorporated has launched its Z6 III camera in Lagos, in a move highlighting its focus on the African market. In a statement, Nikon hailed the Z6 III as the “best hybrid camera,” combining high performance with multifunctional capabilities, appealing to both professional photographers and videographers. The Head of Sales and Strategy for the Middle
Read More  Punch Newspapers – Business

Nikon Incorporated has launched its Z6 III camera in Lagos, in a move highlighting its focus on the African market. In a statement, Nikon hailed the Z6 III as the “best hybrid camera,” combining high performance with multifunctional capabilities, appealing to both professional photographers and videographers. The Head of Sales and Strategy for the Middle
Read More

RMRDC, lawmakers move to stop locally sourced materials import

RMRDC, lawmakers move to stop locally sourced materials import

The Raw Materials Research and Development Council of Nigeria says it is working with Nigerian lawmakers to shut Nigeria’s borders against the importation of raw materials that can be locally sourced. RMRDC said it is pushing this through a bill before the National Assembly that has already scaled its first reading. The Director-General and Chief

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The Raw Materials Research and Development Council of Nigeria says it is working with Nigerian lawmakers to shut Nigeria’s borders against the importation of raw materials that can be locally sourced. RMRDC said it is pushing this through a bill before the National Assembly that has already scaled its first reading. The Director-General and Chief

Read More The Raw Materials Research and Development Council of Nigeria says it is working with Nigerian lawmakers to shut Nigeria’s borders against the importation of raw materials that can be locally sourced. RMRDC said it is pushing this through a bill before the National Assembly that has already scaled its first reading. The Director-General and Chief
Read More  Punch Newspapers – Business

The Raw Materials Research and Development Council of Nigeria says it is working with Nigerian lawmakers to shut Nigeria’s borders against the importation of raw materials that can be locally sourced. RMRDC said it is pushing this through a bill before the National Assembly that has already scaled its first reading. The Director-General and Chief
Read More

LG recognised at Korean National Day celebration

LG recognised at Korean National Day celebration

LG Electronics has celebrated its recognition as a top 100 global company with its participation at the Korean National Day celebration in Abuja where it displayed its latest innovations. In a statement, LG said it was among four Korean companies recognised at a recent event held in Abuja by the South Korean Embassy where companies

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LG Electronics has celebrated its recognition as a top 100 global company with its participation at the Korean National Day celebration in Abuja where it displayed its latest innovations. In a statement, LG said it was among four Korean companies recognised at a recent event held in Abuja by the South Korean Embassy where companies

Read More LG Electronics has celebrated its recognition as a top 100 global company with its participation at the Korean National Day celebration in Abuja where it displayed its latest innovations. In a statement, LG said it was among four Korean companies recognised at a recent event held in Abuja by the South Korean Embassy where companies
Read More  Punch Newspapers – Business

LG Electronics has celebrated its recognition as a top 100 global company with its participation at the Korean National Day celebration in Abuja where it displayed its latest innovations. In a statement, LG said it was among four Korean companies recognised at a recent event held in Abuja by the South Korean Embassy where companies
Read More

Wema Bank wins multiple awards

Wema Bank wins multiple awards

Wema Bank has been awarded Best SME Bank in Nigeria and Excellence in Digital Innovation at the recently held 2024 Global Retail Banking Innovation Awards. The bank said that the awards underscored its commitment to empowering businesses and delivering transformative digital solutions that cater to evolving customer needs, a statement from the bank on Thursday

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Wema Bank has been awarded Best SME Bank in Nigeria and Excellence in Digital Innovation at the recently held 2024 Global Retail Banking Innovation Awards. The bank said that the awards underscored its commitment to empowering businesses and delivering transformative digital solutions that cater to evolving customer needs, a statement from the bank on Thursday

Read More Wema Bank has been awarded Best SME Bank in Nigeria and Excellence in Digital Innovation at the recently held 2024 Global Retail Banking Innovation Awards. The bank said that the awards underscored its commitment to empowering businesses and delivering transformative digital solutions that cater to evolving customer needs, a statement from the bank on Thursday
Read More  Punch Newspapers – Business

Wema Bank has been awarded Best SME Bank in Nigeria and Excellence in Digital Innovation at the recently held 2024 Global Retail Banking Innovation Awards. The bank said that the awards underscored its commitment to empowering businesses and delivering transformative digital solutions that cater to evolving customer needs, a statement from the bank on Thursday
Read More

Nigeria’s petrol imports surged in October – OPEC

Nigeria’s petrol imports surged in October – OPEC

The volume of Premium Motor Spirit (petrol) imported into Nigeria surged in October, a report by the Organisation of the Petroleum Exporting Company says. This is despite the fact that the Dangote Petroleum Refinery started producing petrol in September this year. OPEC, in its Monthly Oil Market Report, said though petrol import still remains at

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The volume of Premium Motor Spirit (petrol) imported into Nigeria surged in October, a report by the Organisation of the Petroleum Exporting Company says. This is despite the fact that the Dangote Petroleum Refinery started producing petrol in September this year. OPEC, in its Monthly Oil Market Report, said though petrol import still remains at

Read More The volume of Premium Motor Spirit (petrol) imported into Nigeria surged in October, a report by the Organisation of the Petroleum Exporting Company says. This is despite the fact that the Dangote Petroleum Refinery started producing petrol in September this year. OPEC, in its Monthly Oil Market Report, said though petrol import still remains at
Read More  Punch Newspapers – Business

The volume of Premium Motor Spirit (petrol) imported into Nigeria surged in October, a report by the Organisation of the Petroleum Exporting Company says. This is despite the fact that the Dangote Petroleum Refinery started producing petrol in September this year. OPEC, in its Monthly Oil Market Report, said though petrol import still remains at
Read More

MultiChoice writes off $21m deposited in defunct Heritage Bank

MultiChoice writes off $21m deposited in defunct Heritage Bank

MultiChoice Group Limited has written off $21m deposited in Nigeria’s Heritage Bank following the financial institution’s liquidation earlier this year. This disclosure was contained in the company’s interim financial statements for the half-year ending September 30, 2024. The sum was classified as irrecoverable after the Central Bank of Nigeria revoked Heritage Bank’s operating licence, effectively

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MultiChoice Group Limited has written off $21m deposited in Nigeria’s Heritage Bank following the financial institution’s liquidation earlier this year. This disclosure was contained in the company’s interim financial statements for the half-year ending September 30, 2024. The sum was classified as irrecoverable after the Central Bank of Nigeria revoked Heritage Bank’s operating licence, effectively

Read More MultiChoice Group Limited has written off $21m deposited in Nigeria’s Heritage Bank following the financial institution’s liquidation earlier this year. This disclosure was contained in the company’s interim financial statements for the half-year ending September 30, 2024. The sum was classified as irrecoverable after the Central Bank of Nigeria revoked Heritage Bank’s operating licence, effectively
Read More  Punch Newspapers – Business

MultiChoice Group Limited has written off $21m deposited in Nigeria’s Heritage Bank following the financial institution’s liquidation earlier this year. This disclosure was contained in the company’s interim financial statements for the half-year ending September 30, 2024. The sum was classified as irrecoverable after the Central Bank of Nigeria revoked Heritage Bank’s operating licence, effectively
Read More

Firm to host local food festival

Firm to host local food festival

A food brand, Firewood Rice Nigeria, has announced the debut of its local food festival aimed at preserving Nigeria’s culinary heritage, particularly jollof rice cooked over firewood. The Founder and Chief Executive Officer of Firewood Rice Nigeria, Chizoma Chikwueke, said the event, titled the “Firewood Jollof Festival,” will be held on November 30, 2024, according

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A food brand, Firewood Rice Nigeria, has announced the debut of its local food festival aimed at preserving Nigeria’s culinary heritage, particularly jollof rice cooked over firewood. The Founder and Chief Executive Officer of Firewood Rice Nigeria, Chizoma Chikwueke, said the event, titled the “Firewood Jollof Festival,” will be held on November 30, 2024, according

Read More A food brand, Firewood Rice Nigeria, has announced the debut of its local food festival aimed at preserving Nigeria’s culinary heritage, particularly jollof rice cooked over firewood. The Founder and Chief Executive Officer of Firewood Rice Nigeria, Chizoma Chikwueke, said the event, titled the “Firewood Jollof Festival,” will be held on November 30, 2024, according
Read More  Punch Newspapers – Business

A food brand, Firewood Rice Nigeria, has announced the debut of its local food festival aimed at preserving Nigeria’s culinary heritage, particularly jollof rice cooked over firewood. The Founder and Chief Executive Officer of Firewood Rice Nigeria, Chizoma Chikwueke, said the event, titled the “Firewood Jollof Festival,” will be held on November 30, 2024, according
Read More

Lagos to boost retail businesses with digitisation – Official

Lagos to boost retail businesses with digitisation – Official

The Lagos State Government has committed to expanding its support for retail businesses, highlighting several initiatives to drive sustainable growth, inclusivity, and infrastructural development through digitisation, among others. The Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose-Medebem, speaking at the African Retail Congress held recently in Lagos, underscored the role of retail in the

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The Lagos State Government has committed to expanding its support for retail businesses, highlighting several initiatives to drive sustainable growth, inclusivity, and infrastructural development through digitisation, among others. The Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose-Medebem, speaking at the African Retail Congress held recently in Lagos, underscored the role of retail in the

Read More The Lagos State Government has committed to expanding its support for retail businesses, highlighting several initiatives to drive sustainable growth, inclusivity, and infrastructural development through digitisation, among others. The Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose-Medebem, speaking at the African Retail Congress held recently in Lagos, underscored the role of retail in the
Read More  Punch Newspapers – Business

The Lagos State Government has committed to expanding its support for retail businesses, highlighting several initiatives to drive sustainable growth, inclusivity, and infrastructural development through digitisation, among others. The Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose-Medebem, speaking at the African Retail Congress held recently in Lagos, underscored the role of retail in the
Read More

Access Bank UK to acquire Mauritius lender

Access Bank UK to acquire Mauritius lender

Access Bank has entered into an agreement to acquire a majority stake in Afrasia Bank Limited, which is the fourth largest bank by total assets in the Republic of Mauritius which stood at $5.7bn as of half-year 2024. A corporate notice filed on the Nigerian Exchange Limited by the parent company of the bank, Access

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Access Bank has entered into an agreement to acquire a majority stake in Afrasia Bank Limited, which is the fourth largest bank by total assets in the Republic of Mauritius which stood at $5.7bn as of half-year 2024. A corporate notice filed on the Nigerian Exchange Limited by the parent company of the bank, Access

Read More Access Bank has entered into an agreement to acquire a majority stake in Afrasia Bank Limited, which is the fourth largest bank by total assets in the Republic of Mauritius which stood at $5.7bn as of half-year 2024. A corporate notice filed on the Nigerian Exchange Limited by the parent company of the bank, Access
Read More  Punch Newspapers – Business

Access Bank has entered into an agreement to acquire a majority stake in Afrasia Bank Limited, which is the fourth largest bank by total assets in the Republic of Mauritius which stood at $5.7bn as of half-year 2024. A corporate notice filed on the Nigerian Exchange Limited by the parent company of the bank, Access
Read More

Sub-Saharan Africa needs global funding – IMF

Sub-Saharan Africa needs global funding – IMF

The International Monetary Fund has said that countries in sub-Saharan Africa need international funding to tackle some of the macroeconomic imbalances in the region. This was disclosed on Thursday at the presentation of the IMF Fall 2024 Regional Economic Outlook: Sub-Saharan Africa at the Lagos Business School. During her presentation of the report an economist

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The International Monetary Fund has said that countries in sub-Saharan Africa need international funding to tackle some of the macroeconomic imbalances in the region. This was disclosed on Thursday at the presentation of the IMF Fall 2024 Regional Economic Outlook: Sub-Saharan Africa at the Lagos Business School. During her presentation of the report an economist

Read More The International Monetary Fund has said that countries in sub-Saharan Africa need international funding to tackle some of the macroeconomic imbalances in the region. This was disclosed on Thursday at the presentation of the IMF Fall 2024 Regional Economic Outlook: Sub-Saharan Africa at the Lagos Business School. During her presentation of the report an economist
Read More  Punch Newspapers – Business

The International Monetary Fund has said that countries in sub-Saharan Africa need international funding to tackle some of the macroeconomic imbalances in the region. This was disclosed on Thursday at the presentation of the IMF Fall 2024 Regional Economic Outlook: Sub-Saharan Africa at the Lagos Business School. During her presentation of the report an economist
Read More

Woven Finance pledges better payment solutions

Woven Finance pledges better payment solutions

The Chief Executive Officer of Woven Finance Limited, Olufemi Collins, has reaffirmed the company’s commitment to delivering exceptional financial services and solutions with innovations and technology. Collins spoke Thursday during the company’s Brand Refresh, an event marking the company’s renewed vigour in the payment landscape in Nigeria. He highlighted Woven Finance’s growth, which, he said,

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The Chief Executive Officer of Woven Finance Limited, Olufemi Collins, has reaffirmed the company’s commitment to delivering exceptional financial services and solutions with innovations and technology. Collins spoke Thursday during the company’s Brand Refresh, an event marking the company’s renewed vigour in the payment landscape in Nigeria. He highlighted Woven Finance’s growth, which, he said,

Read More The Chief Executive Officer of Woven Finance Limited, Olufemi Collins, has reaffirmed the company’s commitment to delivering exceptional financial services and solutions with innovations and technology. Collins spoke Thursday during the company’s Brand Refresh, an event marking the company’s renewed vigour in the payment landscape in Nigeria. He highlighted Woven Finance’s growth, which, he said,
Read More  Punch Newspapers – Business

The Chief Executive Officer of Woven Finance Limited, Olufemi Collins, has reaffirmed the company’s commitment to delivering exceptional financial services and solutions with innovations and technology. Collins spoke Thursday during the company’s Brand Refresh, an event marking the company’s renewed vigour in the payment landscape in Nigeria. He highlighted Woven Finance’s growth, which, he said,
Read More

Aba Power asks NERC to raise tariff

Aba Power asks NERC to raise tariff

Customers under the franchise of Aba Power Limited Electric may need to brace up for a tariff hike as the company seeks about 97 per cent tariff increase. From N122 per kilowatt-hour, Aba Power is requesting the Nigerian National Electricity Regulatory Commission to raise its allowed tariff to N240/kWh. The NERC confirmed in a document

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Customers under the franchise of Aba Power Limited Electric may need to brace up for a tariff hike as the company seeks about 97 per cent tariff increase. From N122 per kilowatt-hour, Aba Power is requesting the Nigerian National Electricity Regulatory Commission to raise its allowed tariff to N240/kWh. The NERC confirmed in a document

Read More Customers under the franchise of Aba Power Limited Electric may need to brace up for a tariff hike as the company seeks about 97 per cent tariff increase. From N122 per kilowatt-hour, Aba Power is requesting the Nigerian National Electricity Regulatory Commission to raise its allowed tariff to N240/kWh. The NERC confirmed in a document
Read More  Punch Newspapers – Business

Customers under the franchise of Aba Power Limited Electric may need to brace up for a tariff hike as the company seeks about 97 per cent tariff increase. From N122 per kilowatt-hour, Aba Power is requesting the Nigerian National Electricity Regulatory Commission to raise its allowed tariff to N240/kWh. The NERC confirmed in a document
Read More

Taiwan unveils electric vehicles in Nigeria

Taiwan unveils electric vehicles in Nigeria

The Chief Missioner of Taiwan in Nigeria, Andy Yih-Ping Liu, has unveiled electric motorbikes to support Nigeria in its efforts to achieve a carbon-free environment. He said this initiative is part of Taiwan’s efforts to showcase its technological advancements and to empower Africa, including Nigeria, through technology. Speaking at a green mobility summit with the

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The Chief Missioner of Taiwan in Nigeria, Andy Yih-Ping Liu, has unveiled electric motorbikes to support Nigeria in its efforts to achieve a carbon-free environment. He said this initiative is part of Taiwan’s efforts to showcase its technological advancements and to empower Africa, including Nigeria, through technology. Speaking at a green mobility summit with the

Read More The Chief Missioner of Taiwan in Nigeria, Andy Yih-Ping Liu, has unveiled electric motorbikes to support Nigeria in its efforts to achieve a carbon-free environment. He said this initiative is part of Taiwan’s efforts to showcase its technological advancements and to empower Africa, including Nigeria, through technology. Speaking at a green mobility summit with the
Read More  Punch Newspapers – Business

The Chief Missioner of Taiwan in Nigeria, Andy Yih-Ping Liu, has unveiled electric motorbikes to support Nigeria in its efforts to achieve a carbon-free environment. He said this initiative is part of Taiwan’s efforts to showcase its technological advancements and to empower Africa, including Nigeria, through technology. Speaking at a green mobility summit with the
Read More

Engineers not guilty of poor road infrastructure – NSE

Engineers not guilty of poor road infrastructure – NSE

The Nigerian Society of Engineers has absolved its members of any fault for the deteriorating state of federal roads across the country. It noted, however, that the organisation’s members have consistently recommended various solutions aimed at improving road connectivity to the government, but the proposed solutions have not been implemented. The NSE President, Margaret Aina,

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The Nigerian Society of Engineers has absolved its members of any fault for the deteriorating state of federal roads across the country. It noted, however, that the organisation’s members have consistently recommended various solutions aimed at improving road connectivity to the government, but the proposed solutions have not been implemented. The NSE President, Margaret Aina,

Read More The Nigerian Society of Engineers has absolved its members of any fault for the deteriorating state of federal roads across the country. It noted, however, that the organisation’s members have consistently recommended various solutions aimed at improving road connectivity to the government, but the proposed solutions have not been implemented. The NSE President, Margaret Aina,
Read More  Punch Newspapers – Business

The Nigerian Society of Engineers has absolved its members of any fault for the deteriorating state of federal roads across the country. It noted, however, that the organisation’s members have consistently recommended various solutions aimed at improving road connectivity to the government, but the proposed solutions have not been implemented. The NSE President, Margaret Aina,
Read More

NBC, WIMBIZ support female entrepreneur with N1m grant

NBC, WIMBIZ support female entrepreneur with N1m grant

The Nigerian Bottling Company has partnered with Women in Management, Business, and Public Service to support female entrepreneurship, including awarding an N1 million grant to a pastry chef. In a statement, NBC said it awarded an N1m grant to a pastry chef and entrepreneur, Achiv Ngusurun, in recognition of her innovative business approach at the

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The Nigerian Bottling Company has partnered with Women in Management, Business, and Public Service to support female entrepreneurship, including awarding an N1 million grant to a pastry chef. In a statement, NBC said it awarded an N1m grant to a pastry chef and entrepreneur, Achiv Ngusurun, in recognition of her innovative business approach at the

Read More The Nigerian Bottling Company has partnered with Women in Management, Business, and Public Service to support female entrepreneurship, including awarding an N1 million grant to a pastry chef. In a statement, NBC said it awarded an N1m grant to a pastry chef and entrepreneur, Achiv Ngusurun, in recognition of her innovative business approach at the
Read More  Punch Newspapers – Business

The Nigerian Bottling Company has partnered with Women in Management, Business, and Public Service to support female entrepreneurship, including awarding an N1 million grant to a pastry chef. In a statement, NBC said it awarded an N1m grant to a pastry chef and entrepreneur, Achiv Ngusurun, in recognition of her innovative business approach at the
Read More

9mobile requires fresh capital to survive – NATCOMS President

9mobile requires fresh capital to survive – NATCOMS President

Nigeria’s smallest telecom operator by subscriber base, 9mobile, must secure fresh capital to revitalise its operations and reverse declining market share. With fewer than four million active users as of September, the company’s subscriber base has plummeted from over 22 million in 2015, according to the Nigerian Communications Commission. The President, National Association of Telecommunications

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Nigeria’s smallest telecom operator by subscriber base, 9mobile, must secure fresh capital to revitalise its operations and reverse declining market share. With fewer than four million active users as of September, the company’s subscriber base has plummeted from over 22 million in 2015, according to the Nigerian Communications Commission. The President, National Association of Telecommunications

Read More Nigeria’s smallest telecom operator by subscriber base, 9mobile, must secure fresh capital to revitalise its operations and reverse declining market share. With fewer than four million active users as of September, the company’s subscriber base has plummeted from over 22 million in 2015, according to the Nigerian Communications Commission. The President, National Association of Telecommunications
Read More  Punch Newspapers – Business

Nigeria’s smallest telecom operator by subscriber base, 9mobile, must secure fresh capital to revitalise its operations and reverse declining market share. With fewer than four million active users as of September, the company’s subscriber base has plummeted from over 22 million in 2015, according to the Nigerian Communications Commission. The President, National Association of Telecommunications
Read More

Firm launches business tower

Firm launches business tower

An architectural firm, Maison in Martell, has announced the exclusive unveiling of the audacious OOH experience. In a statement, it stated that the Martell Tower redefined conventions with the presence of prominent dignitaries and influencers on November 8, 2024, beside Palms Mall, Lekki, Lagos. It stated, “The Martell Tower conveys Martell’s vision to become a

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An architectural firm, Maison in Martell, has announced the exclusive unveiling of the audacious OOH experience. In a statement, it stated that the Martell Tower redefined conventions with the presence of prominent dignitaries and influencers on November 8, 2024, beside Palms Mall, Lekki, Lagos. It stated, “The Martell Tower conveys Martell’s vision to become a

Read More An architectural firm, Maison in Martell, has announced the exclusive unveiling of the audacious OOH experience. In a statement, it stated that the Martell Tower redefined conventions with the presence of prominent dignitaries and influencers on November 8, 2024, beside Palms Mall, Lekki, Lagos. It stated, “The Martell Tower conveys Martell’s vision to become a
Read More  Punch Newspapers – Business

An architectural firm, Maison in Martell, has announced the exclusive unveiling of the audacious OOH experience. In a statement, it stated that the Martell Tower redefined conventions with the presence of prominent dignitaries and influencers on November 8, 2024, beside Palms Mall, Lekki, Lagos. It stated, “The Martell Tower conveys Martell’s vision to become a
Read More

Nigeria’s $700bn mining potential draws global interest

Nigeria’s $700bn mining potential draws global interest

Nigeria’s push to revamp its mining sector is generating heightened interest from global investors as President Bola Tinubu’s administration drives reforms to unlock an estimated $700 billion in untapped mineral resources, diplomatic sources said. Last week, Nigeria launched a four-day mining investment roadshow in South Africa, aiming to attract $500m in foreign investment for its

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Nigeria’s push to revamp its mining sector is generating heightened interest from global investors as President Bola Tinubu’s administration drives reforms to unlock an estimated $700 billion in untapped mineral resources, diplomatic sources said. Last week, Nigeria launched a four-day mining investment roadshow in South Africa, aiming to attract $500m in foreign investment for its

Read More Nigeria’s push to revamp its mining sector is generating heightened interest from global investors as President Bola Tinubu’s administration drives reforms to unlock an estimated $700 billion in untapped mineral resources, diplomatic sources said. Last week, Nigeria launched a four-day mining investment roadshow in South Africa, aiming to attract $500m in foreign investment for its
Read More  Punch Newspapers – Business

Nigeria’s push to revamp its mining sector is generating heightened interest from global investors as President Bola Tinubu’s administration drives reforms to unlock an estimated $700 billion in untapped mineral resources, diplomatic sources said. Last week, Nigeria launched a four-day mining investment roadshow in South Africa, aiming to attract $500m in foreign investment for its
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NRC expands Abuja-Kaduna train services

NRC expands Abuja-Kaduna train services

The Nigerian Railway Corporation has expanded its train operations on the Abuja-Kaduna route, increasing the number of services from four to six during weekdays, specifically from Monday to Friday. A statement signed by the Deputy Director, Public Relations, Yakub Mohmood, on Wednesday, disclosed the new update. This expansion is aimed at meeting the growing demand

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The Nigerian Railway Corporation has expanded its train operations on the Abuja-Kaduna route, increasing the number of services from four to six during weekdays, specifically from Monday to Friday. A statement signed by the Deputy Director, Public Relations, Yakub Mohmood, on Wednesday, disclosed the new update. This expansion is aimed at meeting the growing demand

Read More The Nigerian Railway Corporation has expanded its train operations on the Abuja-Kaduna route, increasing the number of services from four to six during weekdays, specifically from Monday to Friday. A statement signed by the Deputy Director, Public Relations, Yakub Mohmood, on Wednesday, disclosed the new update. This expansion is aimed at meeting the growing demand
Read More  Punch Newspapers – Business

The Nigerian Railway Corporation has expanded its train operations on the Abuja-Kaduna route, increasing the number of services from four to six during weekdays, specifically from Monday to Friday. A statement signed by the Deputy Director, Public Relations, Yakub Mohmood, on Wednesday, disclosed the new update. This expansion is aimed at meeting the growing demand
Read More

NNPCL executes gas sale agreement with Dangote refinery

NNPCL executes gas sale agreement with Dangote refinery

The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of NNPCL, has executed a Gas Sale and Purchase Agreement with the Dangote Petroleum Refinery and Petrochemicals, Lagos. The agreement, signed by the Managing Director of NGML, Justin Ezeala, and the President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Tuesday at the Corporate

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The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of NNPCL, has executed a Gas Sale and Purchase Agreement with the Dangote Petroleum Refinery and Petrochemicals, Lagos. The agreement, signed by the Managing Director of NGML, Justin Ezeala, and the President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Tuesday at the Corporate

Read More The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of NNPCL, has executed a Gas Sale and Purchase Agreement with the Dangote Petroleum Refinery and Petrochemicals, Lagos. The agreement, signed by the Managing Director of NGML, Justin Ezeala, and the President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Tuesday at the Corporate
Read More  Punch Newspapers – Business

The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of NNPCL, has executed a Gas Sale and Purchase Agreement with the Dangote Petroleum Refinery and Petrochemicals, Lagos. The agreement, signed by the Managing Director of NGML, Justin Ezeala, and the President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Tuesday at the Corporate
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Tinubu signs instruments to boost maritime safety

Tinubu signs instruments to boost maritime safety

President Bola Tinubu has signed the instruments of accession for six Conventions of the International Maritime Organisation. This is contained in a statement on Wednesday by the Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward. Osagie explained that the action paves the way for Nigeria to officially deposit these

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President Bola Tinubu has signed the instruments of accession for six Conventions of the International Maritime Organisation. This is contained in a statement on Wednesday by the Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward. Osagie explained that the action paves the way for Nigeria to officially deposit these

Read More President Bola Tinubu has signed the instruments of accession for six Conventions of the International Maritime Organisation. This is contained in a statement on Wednesday by the Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward. Osagie explained that the action paves the way for Nigeria to officially deposit these
Read More  Punch Newspapers – Business

President Bola Tinubu has signed the instruments of accession for six Conventions of the International Maritime Organisation. This is contained in a statement on Wednesday by the Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward. Osagie explained that the action paves the way for Nigeria to officially deposit these
Read More

Engineers not guilty for poor road infrastructure – NSE

Engineers not guilty for poor road infrastructure – NSE

The Nigerian Society of Engineers has absolved its members of any fault for the deteriorating state of federal roads across the country. It noted, however, that the organisation’s members have consistently recommended various solutions aimed at improving road connectivity to the government, but the proposed solutions have not been implemented. The NSE President, Margaret Aina,

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The Nigerian Society of Engineers has absolved its members of any fault for the deteriorating state of federal roads across the country. It noted, however, that the organisation’s members have consistently recommended various solutions aimed at improving road connectivity to the government, but the proposed solutions have not been implemented. The NSE President, Margaret Aina,

Read More The Nigerian Society of Engineers has absolved its members of any fault for the deteriorating state of federal roads across the country. It noted, however, that the organisation’s members have consistently recommended various solutions aimed at improving road connectivity to the government, but the proposed solutions have not been implemented. The NSE President, Margaret Aina,
Read More  Punch Newspapers – Business

The Nigerian Society of Engineers has absolved its members of any fault for the deteriorating state of federal roads across the country. It noted, however, that the organisation’s members have consistently recommended various solutions aimed at improving road connectivity to the government, but the proposed solutions have not been implemented. The NSE President, Margaret Aina,
Read More

Nigeria increasingly attractive to international investors – Ribadu

Nigeria increasingly attractive to international investors – Ribadu

President Bola Tinubu has stated that his administration’s commitment to creating an enabling business environment has resonated with the international investment community, thereby making the country increasingly attractive for both local and international investors. He added that his administration has also expanded its focus on strengthening Nigeria’s position in global trade and investment. Tinubu made

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President Bola Tinubu has stated that his administration’s commitment to creating an enabling business environment has resonated with the international investment community, thereby making the country increasingly attractive for both local and international investors. He added that his administration has also expanded its focus on strengthening Nigeria’s position in global trade and investment. Tinubu made

Read More President Bola Tinubu has stated that his administration’s commitment to creating an enabling business environment has resonated with the international investment community, thereby making the country increasingly attractive for both local and international investors. He added that his administration has also expanded its focus on strengthening Nigeria’s position in global trade and investment. Tinubu made
Read More  Punch Newspapers – Business

President Bola Tinubu has stated that his administration’s commitment to creating an enabling business environment has resonated with the international investment community, thereby making the country increasingly attractive for both local and international investors. He added that his administration has also expanded its focus on strengthening Nigeria’s position in global trade and investment. Tinubu made
Read More

USA, France join to examine crashed helicopter wreckage – FG

USA, France join to examine crashed helicopter wreckage – FG

The Federal Government says it has enlisted the services of aviation experts from the United States of America and France to examine the wreckage of the helicopter that crashed into the Atlantic Ocean last month. It also confirmed the successful retrieval of the wreckage after an intensive eight-day search. The Sikorsky SK76 helicopter with registration

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The Federal Government says it has enlisted the services of aviation experts from the United States of America and France to examine the wreckage of the helicopter that crashed into the Atlantic Ocean last month. It also confirmed the successful retrieval of the wreckage after an intensive eight-day search. The Sikorsky SK76 helicopter with registration

Read More The Federal Government says it has enlisted the services of aviation experts from the United States of America and France to examine the wreckage of the helicopter that crashed into the Atlantic Ocean last month. It also confirmed the successful retrieval of the wreckage after an intensive eight-day search. The Sikorsky SK76 helicopter with registration
Read More  Punch Newspapers – Business

The Federal Government says it has enlisted the services of aviation experts from the United States of America and France to examine the wreckage of the helicopter that crashed into the Atlantic Ocean last month. It also confirmed the successful retrieval of the wreckage after an intensive eight-day search. The Sikorsky SK76 helicopter with registration
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Endura completes Standard Alliance Insurance acquisition, appoints new board

Endura completes Standard Alliance Insurance acquisition, appoints new board

Endura Investment Global Limited has announced that it has acquired 24 per cent controlling shareholding in Standard Alliance Insurance Plc and appointed a new board to oversee the affairs of the insurance firm. This acquisition followed the divestment and exit of the former controlling shareholders, Standard Alliance Investment Limited led by the founding Vice Chairman,

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Endura Investment Global Limited has announced that it has acquired 24 per cent controlling shareholding in Standard Alliance Insurance Plc and appointed a new board to oversee the affairs of the insurance firm. This acquisition followed the divestment and exit of the former controlling shareholders, Standard Alliance Investment Limited led by the founding Vice Chairman,

Read More Endura Investment Global Limited has announced that it has acquired 24 per cent controlling shareholding in Standard Alliance Insurance Plc and appointed a new board to oversee the affairs of the insurance firm. This acquisition followed the divestment and exit of the former controlling shareholders, Standard Alliance Investment Limited led by the founding Vice Chairman,
Read More  Punch Newspapers – Business

Endura Investment Global Limited has announced that it has acquired 24 per cent controlling shareholding in Standard Alliance Insurance Plc and appointed a new board to oversee the affairs of the insurance firm. This acquisition followed the divestment and exit of the former controlling shareholders, Standard Alliance Investment Limited led by the founding Vice Chairman,
Read More

Tax panel proposes relief for loss-making firms

Tax panel proposes relief for loss-making firms

The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has revealed that the panel has proposed tax relief for companies making losses and those with low margins. Oyedele disclosed this on Monday via his X handle as he answered questions about the tax reform bills. Some of the companies listed on

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The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has revealed that the panel has proposed tax relief for companies making losses and those with low margins. Oyedele disclosed this on Monday via his X handle as he answered questions about the tax reform bills. Some of the companies listed on

Read More The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has revealed that the panel has proposed tax relief for companies making losses and those with low margins. Oyedele disclosed this on Monday via his X handle as he answered questions about the tax reform bills. Some of the companies listed on
Read More  Punch Newspapers – Business

The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has revealed that the panel has proposed tax relief for companies making losses and those with low margins. Oyedele disclosed this on Monday via his X handle as he answered questions about the tax reform bills. Some of the companies listed on
Read More

CBN’s new capital requirement will boost financial inclusion — Cardoso

CBN’s new capital requirement will boost financial inclusion — Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the new capital requirement for banks operating in the country will enhance their capacity to drive financial inclusion. Cardoso made this statement on Tuesday at the second International Financial Inclusion Conference themed, Inclusive Growth: Harnessing Financial Inclusion for Economic Development, held in

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The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the new capital requirement for banks operating in the country will enhance their capacity to drive financial inclusion. Cardoso made this statement on Tuesday at the second International Financial Inclusion Conference themed, Inclusive Growth: Harnessing Financial Inclusion for Economic Development, held in

Read More The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the new capital requirement for banks operating in the country will enhance their capacity to drive financial inclusion. Cardoso made this statement on Tuesday at the second International Financial Inclusion Conference themed, Inclusive Growth: Harnessing Financial Inclusion for Economic Development, held in
Read More  Punch Newspapers – Business

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the new capital requirement for banks operating in the country will enhance their capacity to drive financial inclusion. Cardoso made this statement on Tuesday at the second International Financial Inclusion Conference themed, Inclusive Growth: Harnessing Financial Inclusion for Economic Development, held in
Read More

Tanzania strengthens trade relations with Nigeria

Tanzania strengthens trade relations with Nigeria

The Tanzania High Commission in Nigeria has stated his country is dedicated to strengthening trade and bilateral ties with Nigeria and other West African nations following the recently held Lagos International Trade Fair. In a statement, the acting High Commissioner of the United Republic of Tanzania to Nigeria, Judica Nagunwa, said Tanzania’s participation in the

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The Tanzania High Commission in Nigeria has stated his country is dedicated to strengthening trade and bilateral ties with Nigeria and other West African nations following the recently held Lagos International Trade Fair. In a statement, the acting High Commissioner of the United Republic of Tanzania to Nigeria, Judica Nagunwa, said Tanzania’s participation in the

Read More The Tanzania High Commission in Nigeria has stated his country is dedicated to strengthening trade and bilateral ties with Nigeria and other West African nations following the recently held Lagos International Trade Fair. In a statement, the acting High Commissioner of the United Republic of Tanzania to Nigeria, Judica Nagunwa, said Tanzania’s participation in the
Read More  Punch Newspapers – Business

The Tanzania High Commission in Nigeria has stated his country is dedicated to strengthening trade and bilateral ties with Nigeria and other West African nations following the recently held Lagos International Trade Fair. In a statement, the acting High Commissioner of the United Republic of Tanzania to Nigeria, Judica Nagunwa, said Tanzania’s participation in the
Read More

Stakeholders seek more gas production in Nigeria

Stakeholders seek more gas production in Nigeria

Stakeholders have identified gas as key to Nigeria’s economic development, seeking more gas production for domestic use. The stakeholders spoke at the just concluded 14th Annual Conference of the Nigeria Liquefied and Compressed Gases Association in Lagos.  At the conference, industry leaders, policymakers and stakeholders explored the transformative role of gas in Nigeria’s economic growth.

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Stakeholders have identified gas as key to Nigeria’s economic development, seeking more gas production for domestic use. The stakeholders spoke at the just concluded 14th Annual Conference of the Nigeria Liquefied and Compressed Gases Association in Lagos.  At the conference, industry leaders, policymakers and stakeholders explored the transformative role of gas in Nigeria’s economic growth.

Read More Stakeholders have identified gas as key to Nigeria’s economic development, seeking more gas production for domestic use. The stakeholders spoke at the just concluded 14th Annual Conference of the Nigeria Liquefied and Compressed Gases Association in Lagos.  At the conference, industry leaders, policymakers and stakeholders explored the transformative role of gas in Nigeria’s economic growth.
Read More  Punch Newspapers – Business

Stakeholders have identified gas as key to Nigeria’s economic development, seeking more gas production for domestic use. The stakeholders spoke at the just concluded 14th Annual Conference of the Nigeria Liquefied and Compressed Gases Association in Lagos.  At the conference, industry leaders, policymakers and stakeholders explored the transformative role of gas in Nigeria’s economic growth.
Read More

Bilateral trade between Nigeria, China hits $15bn

Bilateral trade between Nigeria, China hits $15bn

China’s imports from Nigeria increased by 36.1 per cent between January and September as bilateral trade between the two countries reached $15.1bn within the period, the acting Consul-General of China, Mr Jin Mingyu, has said. Mingyu disclosed this in Lagos during a civic reception organised to welcome the arrival of the first vessel on COSCO’s

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China’s imports from Nigeria increased by 36.1 per cent between January and September as bilateral trade between the two countries reached $15.1bn within the period, the acting Consul-General of China, Mr Jin Mingyu, has said. Mingyu disclosed this in Lagos during a civic reception organised to welcome the arrival of the first vessel on COSCO’s

Read More China’s imports from Nigeria increased by 36.1 per cent between January and September as bilateral trade between the two countries reached $15.1bn within the period, the acting Consul-General of China, Mr Jin Mingyu, has said. Mingyu disclosed this in Lagos during a civic reception organised to welcome the arrival of the first vessel on COSCO’s
Read More  Punch Newspapers – Business

China’s imports from Nigeria increased by 36.1 per cent between January and September as bilateral trade between the two countries reached $15.1bn within the period, the acting Consul-General of China, Mr Jin Mingyu, has said. Mingyu disclosed this in Lagos during a civic reception organised to welcome the arrival of the first vessel on COSCO’s
Read More

KFC unveils new Nigerian flavours

KFC unveils new Nigerian flavours

KFC Nigeria has unveiled its latest menu additions, the ‘New Naija Flavours,’ designed to cater to the local palate with options like the Suya Zinger, Pepe Zinger, and Suya Chicken. The company noted that these offerings highlight its commitment to serving flavours that resonate with local taste preferences while retaining KFC’s global appeal. In a

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KFC Nigeria has unveiled its latest menu additions, the ‘New Naija Flavours,’ designed to cater to the local palate with options like the Suya Zinger, Pepe Zinger, and Suya Chicken. The company noted that these offerings highlight its commitment to serving flavours that resonate with local taste preferences while retaining KFC’s global appeal. In a

Read More KFC Nigeria has unveiled its latest menu additions, the ‘New Naija Flavours,’ designed to cater to the local palate with options like the Suya Zinger, Pepe Zinger, and Suya Chicken. The company noted that these offerings highlight its commitment to serving flavours that resonate with local taste preferences while retaining KFC’s global appeal. In a
Read More  Punch Newspapers – Business

KFC Nigeria has unveiled its latest menu additions, the ‘New Naija Flavours,’ designed to cater to the local palate with options like the Suya Zinger, Pepe Zinger, and Suya Chicken. The company noted that these offerings highlight its commitment to serving flavours that resonate with local taste preferences while retaining KFC’s global appeal. In a
Read More

Naira may weaken to N1,993/$1 – Report

Naira may weaken to N1,993/$1 – Report

The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary, has revealed. In the report titled “Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market

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The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary, has revealed. In the report titled “Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market

Read More The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary, has revealed. In the report titled “Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market
Read More  Punch Newspapers – Business

The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary, has revealed. In the report titled “Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market
Read More

BREAKING: IPMAN, Dangote reach agreement on direct petrol supply

BREAKING: IPMAN, Dangote reach agreement on direct petrol supply

The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association. He said the partnership would ensure a steady, affordable supply

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The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association. He said the partnership would ensure a steady, affordable supply

Read More The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association. He said the partnership would ensure a steady, affordable supply
Read More  Punch Newspapers – Business

The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association. He said the partnership would ensure a steady, affordable supply
Read More

Bitcoin soars past $80,000 barrier as US election sparks crypto optimism

Bitcoin soars past $80,000 barrier as US election sparks crypto optimism

Bitcoin smashed through the $80,000 milestone late Sunday, reaching an all-time high of $81,858 amid post-election optimism in the US, as pro-crypto policies appear more likely under President-elect Donald Trump. Early Monday, Bitcoin settled around $81,500, marking a nearly 18.5 per cent increase over the past week, as reported by Forbes. A check by PUNCH

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Bitcoin smashed through the $80,000 milestone late Sunday, reaching an all-time high of $81,858 amid post-election optimism in the US, as pro-crypto policies appear more likely under President-elect Donald Trump. Early Monday, Bitcoin settled around $81,500, marking a nearly 18.5 per cent increase over the past week, as reported by Forbes. A check by PUNCH

Read More Bitcoin smashed through the $80,000 milestone late Sunday, reaching an all-time high of $81,858 amid post-election optimism in the US, as pro-crypto policies appear more likely under President-elect Donald Trump. Early Monday, Bitcoin settled around $81,500, marking a nearly 18.5 per cent increase over the past week, as reported by Forbes. A check by PUNCH
Read More  Punch Newspapers – Business

Bitcoin smashed through the $80,000 milestone late Sunday, reaching an all-time high of $81,858 amid post-election optimism in the US, as pro-crypto policies appear more likely under President-elect Donald Trump. Early Monday, Bitcoin settled around $81,500, marking a nearly 18.5 per cent increase over the past week, as reported by Forbes. A check by PUNCH
Read More

LCCI advises FIRS to deepen tech adoption

LCCI advises FIRS to deepen tech adoption

The Lagos Chamber of Commerce and Industry has urged the Federal Inland Revenue Service to boost its technology adoption to enhance its operations. Speaking during the FIRS Special Day at the Lagos International Trade Fair themed ‘Connecting Businesses, Creating Value’, the LCCI President, Gabriel Idahosa, said targeted outreach, especially within the informal sector, could foster

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The Lagos Chamber of Commerce and Industry has urged the Federal Inland Revenue Service to boost its technology adoption to enhance its operations. Speaking during the FIRS Special Day at the Lagos International Trade Fair themed ‘Connecting Businesses, Creating Value’, the LCCI President, Gabriel Idahosa, said targeted outreach, especially within the informal sector, could foster

Read More The Lagos Chamber of Commerce and Industry has urged the Federal Inland Revenue Service to boost its technology adoption to enhance its operations. Speaking during the FIRS Special Day at the Lagos International Trade Fair themed ‘Connecting Businesses, Creating Value’, the LCCI President, Gabriel Idahosa, said targeted outreach, especially within the informal sector, could foster
Read More  Punch Newspapers – Business

The Lagos Chamber of Commerce and Industry has urged the Federal Inland Revenue Service to boost its technology adoption to enhance its operations. Speaking during the FIRS Special Day at the Lagos International Trade Fair themed ‘Connecting Businesses, Creating Value’, the LCCI President, Gabriel Idahosa, said targeted outreach, especially within the informal sector, could foster
Read More

Fuel price, flooding may drive inflation higher – Analysts

Fuel price, flooding may drive inflation higher – Analysts

Ahead of Nigeria’s October inflation data by the Nigerian Bureau of Statistics, it has been projected that inflation will remain high, driven by elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities. Researchers at Cowry Assets Management Limited said the inflationary pressure would remain high despite rate hikes by the Monetary Policy Committee

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Ahead of Nigeria’s October inflation data by the Nigerian Bureau of Statistics, it has been projected that inflation will remain high, driven by elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities. Researchers at Cowry Assets Management Limited said the inflationary pressure would remain high despite rate hikes by the Monetary Policy Committee

Read More Ahead of Nigeria’s October inflation data by the Nigerian Bureau of Statistics, it has been projected that inflation will remain high, driven by elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities. Researchers at Cowry Assets Management Limited said the inflationary pressure would remain high despite rate hikes by the Monetary Policy Committee
Read More  Punch Newspapers – Business

Ahead of Nigeria’s October inflation data by the Nigerian Bureau of Statistics, it has been projected that inflation will remain high, driven by elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities. Researchers at Cowry Assets Management Limited said the inflationary pressure would remain high despite rate hikes by the Monetary Policy Committee
Read More

RoutePay expands access for under-banked businesses

RoutePay expands access for under-banked businesses

Fintech firm, RoutePay, says it has expanded access for under-banked individuals and Small and Medium Enterprises to the formal banking system through its digital platforms. In a statement on Sunday, the fintech firm said its digital services provide an array of products that target different market segments, demography, inclinations, and leanings. Routelink Group Managing Director,

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Fintech firm, RoutePay, says it has expanded access for under-banked individuals and Small and Medium Enterprises to the formal banking system through its digital platforms. In a statement on Sunday, the fintech firm said its digital services provide an array of products that target different market segments, demography, inclinations, and leanings. Routelink Group Managing Director,

Read More Fintech firm, RoutePay, says it has expanded access for under-banked individuals and Small and Medium Enterprises to the formal banking system through its digital platforms. In a statement on Sunday, the fintech firm said its digital services provide an array of products that target different market segments, demography, inclinations, and leanings. Routelink Group Managing Director,
Read More  Punch Newspapers – Business

Fintech firm, RoutePay, says it has expanded access for under-banked individuals and Small and Medium Enterprises to the formal banking system through its digital platforms. In a statement on Sunday, the fintech firm said its digital services provide an array of products that target different market segments, demography, inclinations, and leanings. Routelink Group Managing Director,
Read More

Petrol landing cost drops to N971/litre – Report

Petrol landing cost drops to N971/litre – Report

The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores has seen a considerable reduction of 20.34 per cent, dropping to N971.57 per litre over the past three months. This decline in landing cost, which reflects the price of importing and distributing the product, indicates some relief in terms of

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The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores has seen a considerable reduction of 20.34 per cent, dropping to N971.57 per litre over the past three months. This decline in landing cost, which reflects the price of importing and distributing the product, indicates some relief in terms of

Read More The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores has seen a considerable reduction of 20.34 per cent, dropping to N971.57 per litre over the past three months. This decline in landing cost, which reflects the price of importing and distributing the product, indicates some relief in terms of
Read More  Punch Newspapers – Business

The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores has seen a considerable reduction of 20.34 per cent, dropping to N971.57 per litre over the past three months. This decline in landing cost, which reflects the price of importing and distributing the product, indicates some relief in terms of
Read More

Pelican woos diasporan investors at summit

Pelican woos diasporan investors at summit

A real estate company, Pelican Valley Nigeria Limited, has wooed diasporan investors by showcasing investment opportunities in the country to explore. The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, disclosed this during the 7th edition of the Nigeria Diaspora Investment Summit themed, “Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity”,

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A real estate company, Pelican Valley Nigeria Limited, has wooed diasporan investors by showcasing investment opportunities in the country to explore. The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, disclosed this during the 7th edition of the Nigeria Diaspora Investment Summit themed, “Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity”,

Read More A real estate company, Pelican Valley Nigeria Limited, has wooed diasporan investors by showcasing investment opportunities in the country to explore. The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, disclosed this during the 7th edition of the Nigeria Diaspora Investment Summit themed, “Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity”,
Read More  Punch Newspapers – Business

A real estate company, Pelican Valley Nigeria Limited, has wooed diasporan investors by showcasing investment opportunities in the country to explore. The Chief Executive Officer of Pelican Valley Nigeria Limited, Babatunde Adeyemo, disclosed this during the 7th edition of the Nigeria Diaspora Investment Summit themed, “Adapting Stability through Diaspora Investment: Navigating the Path to Prosperity”,
Read More

FCMB offers N30m clean energy loans

FCMB offers N30m clean energy loans

First City Monument Bank is offering up to N30m to help Nigerian households and small businesses procure solar panels, batteries, inverters, and other clean energy equipment. According to a statement from the bank, the loan aims to ease financial pressures, allowing businesses to allocate more funds to growth and operations with a three-year repayment plan.

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First City Monument Bank is offering up to N30m to help Nigerian households and small businesses procure solar panels, batteries, inverters, and other clean energy equipment. According to a statement from the bank, the loan aims to ease financial pressures, allowing businesses to allocate more funds to growth and operations with a three-year repayment plan.

Read More First City Monument Bank is offering up to N30m to help Nigerian households and small businesses procure solar panels, batteries, inverters, and other clean energy equipment. According to a statement from the bank, the loan aims to ease financial pressures, allowing businesses to allocate more funds to growth and operations with a three-year repayment plan.
Read More  Punch Newspapers – Business

First City Monument Bank is offering up to N30m to help Nigerian households and small businesses procure solar panels, batteries, inverters, and other clean energy equipment. According to a statement from the bank, the loan aims to ease financial pressures, allowing businesses to allocate more funds to growth and operations with a three-year repayment plan.
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600 traders get lawmaker’s N8m interest-free loan

600 traders get lawmaker’s N8m interest-free loan

The lawmaker representing Obokun constituency in the Osun State House of Assembly, Mr Adewumi Adeyemi, has launched an interest-free loan scheme worth N8m to be enjoyed by 600 traders selected from the constituency. The lawmaker said the initiative aims to support small-scale enterprises at the grassroots level. Adeyemi, while addressing journalists during the launch of

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The lawmaker representing Obokun constituency in the Osun State House of Assembly, Mr Adewumi Adeyemi, has launched an interest-free loan scheme worth N8m to be enjoyed by 600 traders selected from the constituency. The lawmaker said the initiative aims to support small-scale enterprises at the grassroots level. Adeyemi, while addressing journalists during the launch of

Read More The lawmaker representing Obokun constituency in the Osun State House of Assembly, Mr Adewumi Adeyemi, has launched an interest-free loan scheme worth N8m to be enjoyed by 600 traders selected from the constituency. The lawmaker said the initiative aims to support small-scale enterprises at the grassroots level. Adeyemi, while addressing journalists during the launch of
Read More  Punch Newspapers – Business

The lawmaker representing Obokun constituency in the Osun State House of Assembly, Mr Adewumi Adeyemi, has launched an interest-free loan scheme worth N8m to be enjoyed by 600 traders selected from the constituency. The lawmaker said the initiative aims to support small-scale enterprises at the grassroots level. Adeyemi, while addressing journalists during the launch of
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Mixed sentiments drive NGX’s N118bn loss

Mixed sentiments drive NGX’s N118bn loss

The Nigerian Exchange Limited recorded a loss of N118bn in the past week on the back of mixed sentiments in the market. This culminated in a 0.20 per cent decline week-on-week in the All-Share Index which closed at 97,236.19 points.  Year-to-date, however, the ASI has still posted a 30.04 per cent return. This move takes

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The Nigerian Exchange Limited recorded a loss of N118bn in the past week on the back of mixed sentiments in the market. This culminated in a 0.20 per cent decline week-on-week in the All-Share Index which closed at 97,236.19 points.  Year-to-date, however, the ASI has still posted a 30.04 per cent return. This move takes

Read More The Nigerian Exchange Limited recorded a loss of N118bn in the past week on the back of mixed sentiments in the market. This culminated in a 0.20 per cent decline week-on-week in the All-Share Index which closed at 97,236.19 points.  Year-to-date, however, the ASI has still posted a 30.04 per cent return. This move takes
Read More  Punch Newspapers – Business

The Nigerian Exchange Limited recorded a loss of N118bn in the past week on the back of mixed sentiments in the market. This culminated in a 0.20 per cent decline week-on-week in the All-Share Index which closed at 97,236.19 points.  Year-to-date, however, the ASI has still posted a 30.04 per cent return. This move takes
Read More

Building collapse cases rise to 635 – Report

Building collapse cases rise to 635 – Report

The Building Collapse Prevention Guild has said that Nigeria witnessed 635 building collapse cases between 1974 and November 5, 2024. It disclosed this in its latest report, stating that Lagos State had recorded the highest cases with over 351 buildings caving in the last 50 years. The report showed that the 351 collapsed buildings in

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The Building Collapse Prevention Guild has said that Nigeria witnessed 635 building collapse cases between 1974 and November 5, 2024. It disclosed this in its latest report, stating that Lagos State had recorded the highest cases with over 351 buildings caving in the last 50 years. The report showed that the 351 collapsed buildings in

Read More The Building Collapse Prevention Guild has said that Nigeria witnessed 635 building collapse cases between 1974 and November 5, 2024. It disclosed this in its latest report, stating that Lagos State had recorded the highest cases with over 351 buildings caving in the last 50 years. The report showed that the 351 collapsed buildings in
Read More  Punch Newspapers – Business

The Building Collapse Prevention Guild has said that Nigeria witnessed 635 building collapse cases between 1974 and November 5, 2024. It disclosed this in its latest report, stating that Lagos State had recorded the highest cases with over 351 buildings caving in the last 50 years. The report showed that the 351 collapsed buildings in
Read More

Probe alleged illegal demolitions in Abuja, REDAN tells Wike

Probe alleged illegal demolitions in Abuja, REDAN tells Wike

The Real Estate Developers Association of Nigeria has called on the Minister of the Federal Capital Territory, Nyesom Wike, to clear his name and urgently set up a panel of enquiry into the alleged illegal demolitions in Sabon Lugbe, Abuja. In a statement, the association raised concerns about the recent allegations from various quarters against

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The Real Estate Developers Association of Nigeria has called on the Minister of the Federal Capital Territory, Nyesom Wike, to clear his name and urgently set up a panel of enquiry into the alleged illegal demolitions in Sabon Lugbe, Abuja. In a statement, the association raised concerns about the recent allegations from various quarters against

Read More The Real Estate Developers Association of Nigeria has called on the Minister of the Federal Capital Territory, Nyesom Wike, to clear his name and urgently set up a panel of enquiry into the alleged illegal demolitions in Sabon Lugbe, Abuja. In a statement, the association raised concerns about the recent allegations from various quarters against
Read More  Punch Newspapers – Business

The Real Estate Developers Association of Nigeria has called on the Minister of the Federal Capital Territory, Nyesom Wike, to clear his name and urgently set up a panel of enquiry into the alleged illegal demolitions in Sabon Lugbe, Abuja. In a statement, the association raised concerns about the recent allegations from various quarters against
Read More

Regulatory lapses worsen building collapse cases amid deaths

Regulatory lapses worsen building collapse cases amid deaths

The regulatory failure and lack of enforcement in construction standards have resulted in a harvest of deaths, as frequent building collapse cases claim hundreds of lives, JOSEPHINE OGUNDEJI writes Omotolani Atolagbe’s voice quivered with distress as she settled into the chair reserved for her at the other end of the table, despite the physical distance

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The regulatory failure and lack of enforcement in construction standards have resulted in a harvest of deaths, as frequent building collapse cases claim hundreds of lives, JOSEPHINE OGUNDEJI writes Omotolani Atolagbe’s voice quivered with distress as she settled into the chair reserved for her at the other end of the table, despite the physical distance

Read More The regulatory failure and lack of enforcement in construction standards have resulted in a harvest of deaths, as frequent building collapse cases claim hundreds of lives, JOSEPHINE OGUNDEJI writes Omotolani Atolagbe’s voice quivered with distress as she settled into the chair reserved for her at the other end of the table, despite the physical distance
Read More  Punch Newspapers – Business

The regulatory failure and lack of enforcement in construction standards have resulted in a harvest of deaths, as frequent building collapse cases claim hundreds of lives, JOSEPHINE OGUNDEJI writes Omotolani Atolagbe’s voice quivered with distress as she settled into the chair reserved for her at the other end of the table, despite the physical distance
Read More

Azura unveils solar-powered car park at UNN

Azura unveils solar-powered car park at UNN

Azura Power West Africa will unveil a 240 kilowatt installation of solar car park at the University of Nigeria Nsuka on Tuesday, the company stated in a statement on Sunday. It said the ceremony will be performed by the Minister of Power, Adebayo Adelabu, as part of an initiative that aligns with Nigeria’s energy transition

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Azura Power West Africa will unveil a 240 kilowatt installation of solar car park at the University of Nigeria Nsuka on Tuesday, the company stated in a statement on Sunday. It said the ceremony will be performed by the Minister of Power, Adebayo Adelabu, as part of an initiative that aligns with Nigeria’s energy transition

Read More Azura Power West Africa will unveil a 240 kilowatt installation of solar car park at the University of Nigeria Nsuka on Tuesday, the company stated in a statement on Sunday. It said the ceremony will be performed by the Minister of Power, Adebayo Adelabu, as part of an initiative that aligns with Nigeria’s energy transition
Read More  Punch Newspapers – Business

Azura Power West Africa will unveil a 240 kilowatt installation of solar car park at the University of Nigeria Nsuka on Tuesday, the company stated in a statement on Sunday. It said the ceremony will be performed by the Minister of Power, Adebayo Adelabu, as part of an initiative that aligns with Nigeria’s energy transition
Read More

Blackout in Calabar as windstorm destroys electric poles

Blackout in Calabar as windstorm destroys electric poles

Some communities in Calabar, the Cross River capital, are currently in darkness following the destruction of many electricity poles by a windstorm. In a statement on Sunday, the Port Harcourt Electricity Distribution Company informed its customers in Calabar that the outage being experienced was due to the havoc caused by the windstorm. “We wish to

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Some communities in Calabar, the Cross River capital, are currently in darkness following the destruction of many electricity poles by a windstorm. In a statement on Sunday, the Port Harcourt Electricity Distribution Company informed its customers in Calabar that the outage being experienced was due to the havoc caused by the windstorm. “We wish to

Read More Some communities in Calabar, the Cross River capital, are currently in darkness following the destruction of many electricity poles by a windstorm. In a statement on Sunday, the Port Harcourt Electricity Distribution Company informed its customers in Calabar that the outage being experienced was due to the havoc caused by the windstorm. “We wish to
Read More  Punch Newspapers – Business

Some communities in Calabar, the Cross River capital, are currently in darkness following the destruction of many electricity poles by a windstorm. In a statement on Sunday, the Port Harcourt Electricity Distribution Company informed its customers in Calabar that the outage being experienced was due to the havoc caused by the windstorm. “We wish to
Read More

Lagos-Calabar highway: Property owners to sue FG over N18bn compensation

Lagos-Calabar highway: Property owners to sue FG over N18bn compensation

The Coalition for Land Rights Advocacy in Nigeria is set to sue the Federal Government over alleged unfair payment in compensation. In an exclusive interview with the Coalition Head, Sola Enitan, he said if the Minister of Works, David Umahi, does not yield to the demands of the group, the coalition would head to court.

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The Coalition for Land Rights Advocacy in Nigeria is set to sue the Federal Government over alleged unfair payment in compensation. In an exclusive interview with the Coalition Head, Sola Enitan, he said if the Minister of Works, David Umahi, does not yield to the demands of the group, the coalition would head to court.

Read More The Coalition for Land Rights Advocacy in Nigeria is set to sue the Federal Government over alleged unfair payment in compensation. In an exclusive interview with the Coalition Head, Sola Enitan, he said if the Minister of Works, David Umahi, does not yield to the demands of the group, the coalition would head to court.
Read More  Punch Newspapers – Business

The Coalition for Land Rights Advocacy in Nigeria is set to sue the Federal Government over alleged unfair payment in compensation. In an exclusive interview with the Coalition Head, Sola Enitan, he said if the Minister of Works, David Umahi, does not yield to the demands of the group, the coalition would head to court.
Read More

Govt commends Reckitt’s hygiene advocacy

Govt commends Reckitt’s hygiene advocacy

The Federal Government has commended Reckitt for its dedication and outstanding contributions to Nigeria’s Water, Sanitation, and Hygiene sector, as it presented an award to the firm for this feat. The award was presented by the Permanent Secretary of the Federal Ministry of Water Resources and Sanitation, Mr Richard Pheelangwah, on behalf of the Minister,

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The Federal Government has commended Reckitt for its dedication and outstanding contributions to Nigeria’s Water, Sanitation, and Hygiene sector, as it presented an award to the firm for this feat. The award was presented by the Permanent Secretary of the Federal Ministry of Water Resources and Sanitation, Mr Richard Pheelangwah, on behalf of the Minister,

Read More The Federal Government has commended Reckitt for its dedication and outstanding contributions to Nigeria’s Water, Sanitation, and Hygiene sector, as it presented an award to the firm for this feat. The award was presented by the Permanent Secretary of the Federal Ministry of Water Resources and Sanitation, Mr Richard Pheelangwah, on behalf of the Minister,
Read More  Punch Newspapers – Business

The Federal Government has commended Reckitt for its dedication and outstanding contributions to Nigeria’s Water, Sanitation, and Hygiene sector, as it presented an award to the firm for this feat. The award was presented by the Permanent Secretary of the Federal Ministry of Water Resources and Sanitation, Mr Richard Pheelangwah, on behalf of the Minister,
Read More

Digital banking expanding rapidly despite doubts – PalmPay MD, Nwosu

Digital banking expanding rapidly despite doubts – PalmPay MD, Nwosu

Although some Nigerians are still skeptical about fintechs, the penetration of smartphones is rapidly expanding digital banking, the Managing Director of PalmPay, Chika Nwosu, tells HENRY FALAIYE in this interview What inspired the creation of PalmPay, and how has the company’s vision evolved since its inception? The idea of transferring money through mobile apps in

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Although some Nigerians are still skeptical about fintechs, the penetration of smartphones is rapidly expanding digital banking, the Managing Director of PalmPay, Chika Nwosu, tells HENRY FALAIYE in this interview What inspired the creation of PalmPay, and how has the company’s vision evolved since its inception? The idea of transferring money through mobile apps in

Read More Although some Nigerians are still skeptical about fintechs, the penetration of smartphones is rapidly expanding digital banking, the Managing Director of PalmPay, Chika Nwosu, tells HENRY FALAIYE in this interview What inspired the creation of PalmPay, and how has the company’s vision evolved since its inception? The idea of transferring money through mobile apps in
Read More  Punch Newspapers – Business

Although some Nigerians are still skeptical about fintechs, the penetration of smartphones is rapidly expanding digital banking, the Managing Director of PalmPay, Chika Nwosu, tells HENRY FALAIYE in this interview What inspired the creation of PalmPay, and how has the company’s vision evolved since its inception? The idea of transferring money through mobile apps in
Read More

FG signs deal for aircraft maintenance facility

FG signs deal for aircraft maintenance facility

The Federal Government through the Ministry of Aviation and Aerospace Development has entered into a Public Private Partnership arrangement with a private firm to establish a Maintenance, Repair, and Overhaul facility for aircraft. A representative of the Ministry of Aviation, who spoke on condition of anonymity due to lack of authorisation to speak on the

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The Federal Government through the Ministry of Aviation and Aerospace Development has entered into a Public Private Partnership arrangement with a private firm to establish a Maintenance, Repair, and Overhaul facility for aircraft. A representative of the Ministry of Aviation, who spoke on condition of anonymity due to lack of authorisation to speak on the

Read More The Federal Government through the Ministry of Aviation and Aerospace Development has entered into a Public Private Partnership arrangement with a private firm to establish a Maintenance, Repair, and Overhaul facility for aircraft. A representative of the Ministry of Aviation, who spoke on condition of anonymity due to lack of authorisation to speak on the
Read More  Punch Newspapers – Business

The Federal Government through the Ministry of Aviation and Aerospace Development has entered into a Public Private Partnership arrangement with a private firm to establish a Maintenance, Repair, and Overhaul facility for aircraft. A representative of the Ministry of Aviation, who spoke on condition of anonymity due to lack of authorisation to speak on the
Read More

Refiners oppose petrol import licences to IPMAN, PETROAN

Refiners oppose petrol import licences to IPMAN, PETROAN

The Crude Oil Refinery Owners Association of Nigeria has warned the Federal Government to be cautious in granting import licences to petroleum traders for the importation of refined products. CORAN’s comment came amid the controversy between the Dangote Petroleum Refinery and oil marketers. Members of the Petroleum Products Retail Outlet Owners Association of Nigeria had

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The Crude Oil Refinery Owners Association of Nigeria has warned the Federal Government to be cautious in granting import licences to petroleum traders for the importation of refined products. CORAN’s comment came amid the controversy between the Dangote Petroleum Refinery and oil marketers. Members of the Petroleum Products Retail Outlet Owners Association of Nigeria had

Read More The Crude Oil Refinery Owners Association of Nigeria has warned the Federal Government to be cautious in granting import licences to petroleum traders for the importation of refined products. CORAN’s comment came amid the controversy between the Dangote Petroleum Refinery and oil marketers. Members of the Petroleum Products Retail Outlet Owners Association of Nigeria had
Read More  Punch Newspapers – Business

The Crude Oil Refinery Owners Association of Nigeria has warned the Federal Government to be cautious in granting import licences to petroleum traders for the importation of refined products. CORAN’s comment came amid the controversy between the Dangote Petroleum Refinery and oil marketers. Members of the Petroleum Products Retail Outlet Owners Association of Nigeria had
Read More

Budget deficit-to-GDP hits 7.5% on high govt expenditures

Budget deficit-to-GDP hits 7.5% on high govt expenditures

The Federal Government’s budget deficit has risen to 7.5 per cent of the country’s Gross Domestic Product as of August 2024, reflecting a significant widening of the gap between government revenue and expenditure. A member of the Central Bank of Nigeria Monetary Policy Committee, Muhammad Abdullahi, disclosed this in his personal statement at the 297th

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The Federal Government’s budget deficit has risen to 7.5 per cent of the country’s Gross Domestic Product as of August 2024, reflecting a significant widening of the gap between government revenue and expenditure. A member of the Central Bank of Nigeria Monetary Policy Committee, Muhammad Abdullahi, disclosed this in his personal statement at the 297th

Read More The Federal Government’s budget deficit has risen to 7.5 per cent of the country’s Gross Domestic Product as of August 2024, reflecting a significant widening of the gap between government revenue and expenditure. A member of the Central Bank of Nigeria Monetary Policy Committee, Muhammad Abdullahi, disclosed this in his personal statement at the 297th
Read More  Punch Newspapers – Business

The Federal Government’s budget deficit has risen to 7.5 per cent of the country’s Gross Domestic Product as of August 2024, reflecting a significant widening of the gap between government revenue and expenditure. A member of the Central Bank of Nigeria Monetary Policy Committee, Muhammad Abdullahi, disclosed this in his personal statement at the 297th
Read More

Oil imports crashed by 35% in Q2 – CBN

Oil imports crashed by 35% in Q2 – CBN

Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas

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Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas

Read More Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas
Read More  Punch Newspapers – Business

Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly economic report of the Central Bank of Nigeria for the second quarter of 2024. This reduction highlights shifting dynamics in the nation’s oil and gas
Read More

Strengthen diplomatic presence to boost economy, FG urged

Strengthen diplomatic presence to boost economy, FG urged

The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic

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The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic

Read More The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic
Read More  Punch Newspapers – Business

The Executive Assistant on External Relations to the Governor of Delta State,  Sunday Ofehe, has raised concerns over Nigeria’s limited diplomatic presence, warning that it could hinder the country’s economic growth and international influence. Speaking at the launch of the National Business Masterclass in Lagos on Friday, Ofehe pinpointed that Nigeria’s absence in global diplomatic
Read More

PTML Customs generates N288bn revenue — Official

PTML Customs generates N288bn revenue — Official

The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this

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The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this

Read More The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this
Read More  Punch Newspapers – Business

The Nigeria Customs Service, Ports & Terminal Multiservice Limited Command, has reported a total revenue collection of N288bn between January and November 2024. The command noted that this figure represents a 34.8 per cent increase compared to the N213bn collected in the same period in 2023. The command’s Public Relations Officer, Muhammad Yakubu, shared this
Read More

WIMBIZ canvasses more women representation in govt

WIMBIZ canvasses more women representation in govt

The Executive Director of Women in Management and Business and Public Service, a non-profit organisation, Omowunmi Akingbohungbe, has said that women are represented in the national parliament by about six per cent in Nigeria. She disclosed it at the ongoing WIMBIZ annual conference themed, “Dream, Dare, Do,” in Lagos, stating that more women should occupy

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The Executive Director of Women in Management and Business and Public Service, a non-profit organisation, Omowunmi Akingbohungbe, has said that women are represented in the national parliament by about six per cent in Nigeria. She disclosed it at the ongoing WIMBIZ annual conference themed, “Dream, Dare, Do,” in Lagos, stating that more women should occupy

Read More The Executive Director of Women in Management and Business and Public Service, a non-profit organisation, Omowunmi Akingbohungbe, has said that women are represented in the national parliament by about six per cent in Nigeria. She disclosed it at the ongoing WIMBIZ annual conference themed, “Dream, Dare, Do,” in Lagos, stating that more women should occupy
Read More  Punch Newspapers – Business

The Executive Director of Women in Management and Business and Public Service, a non-profit organisation, Omowunmi Akingbohungbe, has said that women are represented in the national parliament by about six per cent in Nigeria. She disclosed it at the ongoing WIMBIZ annual conference themed, “Dream, Dare, Do,” in Lagos, stating that more women should occupy
Read More

Manufacturers on Band A power facing serious trouble – MAN

Manufacturers on Band A power facing serious trouble – MAN

The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as

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The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as

Read More The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as
Read More  Punch Newspapers – Business

The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band A category. To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as
Read More

Moroccan firm, Thales Alenia partner to boost telecom service

Moroccan firm, Thales Alenia partner to boost telecom service

A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 per cent) and Leonardo (33 per cent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained

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A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 per cent) and Leonardo (33 per cent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained

Read More A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 per cent) and Leonardo (33 per cent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained
Read More  Punch Newspapers – Business

A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 per cent) and Leonardo (33 per cent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained
Read More

APM Terminal welcomes vessel with 7,000 container capacity

APM Terminal welcomes vessel with 7,000 container capacity

APM Terminal, Apapa said it received the largest container vessel ever to visit Nigeria’s Lagos Port Complex Apapa with a capacity of 7,000 twenty-foot equivalent units. Announcing this in a statement on Thursday, the terminal operator stated that the event marked the first time a Nigerian port will welcome the vessel, ‘EA Centaurus’ adding that

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APM Terminal, Apapa said it received the largest container vessel ever to visit Nigeria’s Lagos Port Complex Apapa with a capacity of 7,000 twenty-foot equivalent units. Announcing this in a statement on Thursday, the terminal operator stated that the event marked the first time a Nigerian port will welcome the vessel, ‘EA Centaurus’ adding that

Read More APM Terminal, Apapa said it received the largest container vessel ever to visit Nigeria’s Lagos Port Complex Apapa with a capacity of 7,000 twenty-foot equivalent units. Announcing this in a statement on Thursday, the terminal operator stated that the event marked the first time a Nigerian port will welcome the vessel, ‘EA Centaurus’ adding that
Read More  Punch Newspapers – Business

APM Terminal, Apapa said it received the largest container vessel ever to visit Nigeria’s Lagos Port Complex Apapa with a capacity of 7,000 twenty-foot equivalent units. Announcing this in a statement on Thursday, the terminal operator stated that the event marked the first time a Nigerian port will welcome the vessel, ‘EA Centaurus’ adding that
Read More

External reserves hit 33-month high – CBN

External reserves hit 33-month high – CBN

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He disclosed this at a symposium in Abuja on Thursday, which coincided with the unveiling of the compendium, “Promoting Stability in an Era of Economic Reforms:

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The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He disclosed this at a symposium in Abuja on Thursday, which coincided with the unveiling of the compendium, “Promoting Stability in an Era of Economic Reforms:

Read More The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He disclosed this at a symposium in Abuja on Thursday, which coincided with the unveiling of the compendium, “Promoting Stability in an Era of Economic Reforms:
Read More  Punch Newspapers – Business

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He disclosed this at a symposium in Abuja on Thursday, which coincided with the unveiling of the compendium, “Promoting Stability in an Era of Economic Reforms:
Read More

NCC working to address telecoms sector challenges – Chairman

NCC working to address telecoms sector challenges – Chairman

The Nigerian Communications Commission has reassured telecommunications operators of its commitment to addressing the rising cost of doing business in the telecom industry. Speaking at the 93rd Telecom Consumer Parliament in Abuja on Thursday, the Executive Vice Chairman of NCC, Dr Aminu Maida, acknowledged the economic challenges facing operators and outlined measures to ensure the

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The Nigerian Communications Commission has reassured telecommunications operators of its commitment to addressing the rising cost of doing business in the telecom industry. Speaking at the 93rd Telecom Consumer Parliament in Abuja on Thursday, the Executive Vice Chairman of NCC, Dr Aminu Maida, acknowledged the economic challenges facing operators and outlined measures to ensure the

Read More The Nigerian Communications Commission has reassured telecommunications operators of its commitment to addressing the rising cost of doing business in the telecom industry. Speaking at the 93rd Telecom Consumer Parliament in Abuja on Thursday, the Executive Vice Chairman of NCC, Dr Aminu Maida, acknowledged the economic challenges facing operators and outlined measures to ensure the
Read More  Punch Newspapers – Business

The Nigerian Communications Commission has reassured telecommunications operators of its commitment to addressing the rising cost of doing business in the telecom industry. Speaking at the 93rd Telecom Consumer Parliament in Abuja on Thursday, the Executive Vice Chairman of NCC, Dr Aminu Maida, acknowledged the economic challenges facing operators and outlined measures to ensure the
Read More

New Wemabod chairman unveils two-year plan

New Wemabod chairman unveils two-year plan

The newly appointed Chairman of Wemabod Limited, Nureni Adisa, has unveiled a two-year agenda to transform the property development company through strategic investments, operational excellence, and workforce development. Adisa, who officially took over from outgoing Chairman Emmanuel Efuntayo, presented his plan at his inauguration speech, emphasising his commitment to driving growth and fortifying the company’s

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The newly appointed Chairman of Wemabod Limited, Nureni Adisa, has unveiled a two-year agenda to transform the property development company through strategic investments, operational excellence, and workforce development. Adisa, who officially took over from outgoing Chairman Emmanuel Efuntayo, presented his plan at his inauguration speech, emphasising his commitment to driving growth and fortifying the company’s

Read More The newly appointed Chairman of Wemabod Limited, Nureni Adisa, has unveiled a two-year agenda to transform the property development company through strategic investments, operational excellence, and workforce development. Adisa, who officially took over from outgoing Chairman Emmanuel Efuntayo, presented his plan at his inauguration speech, emphasising his commitment to driving growth and fortifying the company’s
Read More  Punch Newspapers – Business

The newly appointed Chairman of Wemabod Limited, Nureni Adisa, has unveiled a two-year agenda to transform the property development company through strategic investments, operational excellence, and workforce development. Adisa, who officially took over from outgoing Chairman Emmanuel Efuntayo, presented his plan at his inauguration speech, emphasising his commitment to driving growth and fortifying the company’s
Read More

EV firm MellowVans, Itemate debut mobile store for telcos

EV firm MellowVans, Itemate debut mobile store for telcos

Stellenbosch-based electric vehicle company MellowVans has partnered with Itemate Solutions to launch a new mobile store solution for African telcos. According to a statement on Thursday, the new offering provides telcos with the MellowVans EVs paired to a custom point-of-sale platform developed by Itemate. This creates a mobile storefront from where agents can provide customer

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Stellenbosch-based electric vehicle company MellowVans has partnered with Itemate Solutions to launch a new mobile store solution for African telcos. According to a statement on Thursday, the new offering provides telcos with the MellowVans EVs paired to a custom point-of-sale platform developed by Itemate. This creates a mobile storefront from where agents can provide customer

Read More Stellenbosch-based electric vehicle company MellowVans has partnered with Itemate Solutions to launch a new mobile store solution for African telcos. According to a statement on Thursday, the new offering provides telcos with the MellowVans EVs paired to a custom point-of-sale platform developed by Itemate. This creates a mobile storefront from where agents can provide customer
Read More  Punch Newspapers – Business

Stellenbosch-based electric vehicle company MellowVans has partnered with Itemate Solutions to launch a new mobile store solution for African telcos. According to a statement on Thursday, the new offering provides telcos with the MellowVans EVs paired to a custom point-of-sale platform developed by Itemate. This creates a mobile storefront from where agents can provide customer
Read More

Moroccan firm, Thales Alenia partner to boost telecom service

Moroccan firm, Thales Alenia partner to boost telecom service

A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 percent) and Leonardo (33 percent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained that 23

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A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 percent) and Leonardo (33 percent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained that 23

Read More A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 percent) and Leonardo (33 percent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained that 23
Read More  Punch Newspapers – Business

A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 percent) and Leonardo (33 percent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained that 23
Read More

Lagos empowers 1,200 artisans with modern tools

Lagos empowers 1,200 artisans with modern tools

Lagos State Governor, Babajide Sanwo-Olu, has provided 1,200 artisans and tradesmen with modern tools and equipment, marking a significant step in their professional development. According to a Thursday statement, the beneficiaries, drawn from 60 traders’ associations, were celebrated during the 12th graduation ceremony of the Lagos State Skill Acquisition Centres. In further effort to enhance

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Lagos State Governor, Babajide Sanwo-Olu, has provided 1,200 artisans and tradesmen with modern tools and equipment, marking a significant step in their professional development. According to a Thursday statement, the beneficiaries, drawn from 60 traders’ associations, were celebrated during the 12th graduation ceremony of the Lagos State Skill Acquisition Centres. In further effort to enhance

Read More Lagos State Governor, Babajide Sanwo-Olu, has provided 1,200 artisans and tradesmen with modern tools and equipment, marking a significant step in their professional development. According to a Thursday statement, the beneficiaries, drawn from 60 traders’ associations, were celebrated during the 12th graduation ceremony of the Lagos State Skill Acquisition Centres. In further effort to enhance
Read More  Punch Newspapers – Business

Lagos State Governor, Babajide Sanwo-Olu, has provided 1,200 artisans and tradesmen with modern tools and equipment, marking a significant step in their professional development. According to a Thursday statement, the beneficiaries, drawn from 60 traders’ associations, were celebrated during the 12th graduation ceremony of the Lagos State Skill Acquisition Centres. In further effort to enhance
Read More

Adopt alternatives to interest rate hikes, treasurers urge govt

Adopt alternatives to interest rate hikes, treasurers urge govt

The Association of Corporate Treasurers of Nigeria has called on the Federal Government to explore alternative methods of tackling inflation without resorting to further interest rate hikes. The ACTN President Adeyinka Ogunnubi, at a recent media launch for the 2024 Treasury360 Conference and Exhibition, highlighted the impact of Nigeria’s high inflation on corporate treasurers and

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The Association of Corporate Treasurers of Nigeria has called on the Federal Government to explore alternative methods of tackling inflation without resorting to further interest rate hikes. The ACTN President Adeyinka Ogunnubi, at a recent media launch for the 2024 Treasury360 Conference and Exhibition, highlighted the impact of Nigeria’s high inflation on corporate treasurers and

Read More The Association of Corporate Treasurers of Nigeria has called on the Federal Government to explore alternative methods of tackling inflation without resorting to further interest rate hikes. The ACTN President Adeyinka Ogunnubi, at a recent media launch for the 2024 Treasury360 Conference and Exhibition, highlighted the impact of Nigeria’s high inflation on corporate treasurers and
Read More  Punch Newspapers – Business

The Association of Corporate Treasurers of Nigeria has called on the Federal Government to explore alternative methods of tackling inflation without resorting to further interest rate hikes. The ACTN President Adeyinka Ogunnubi, at a recent media launch for the 2024 Treasury360 Conference and Exhibition, highlighted the impact of Nigeria’s high inflation on corporate treasurers and
Read More

ChitChat expands financial services

ChitChat expands financial services

ChitChat, a leading African social commerce platform, has announced the launch of its new remittance feature, which enables seamless cross-border money transfers across 13 countries worldwide. This feature, according to a statement on Thursday, expands the financial services users can access from within a chat conversation and increases the functionality of the multicurrency ChitChat wallet

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ChitChat, a leading African social commerce platform, has announced the launch of its new remittance feature, which enables seamless cross-border money transfers across 13 countries worldwide. This feature, according to a statement on Thursday, expands the financial services users can access from within a chat conversation and increases the functionality of the multicurrency ChitChat wallet

Read More ChitChat, a leading African social commerce platform, has announced the launch of its new remittance feature, which enables seamless cross-border money transfers across 13 countries worldwide. This feature, according to a statement on Thursday, expands the financial services users can access from within a chat conversation and increases the functionality of the multicurrency ChitChat wallet
Read More  Punch Newspapers – Business

ChitChat, a leading African social commerce platform, has announced the launch of its new remittance feature, which enables seamless cross-border money transfers across 13 countries worldwide. This feature, according to a statement on Thursday, expands the financial services users can access from within a chat conversation and increases the functionality of the multicurrency ChitChat wallet
Read More

High conversion cost discouraging CNG adoption, Nigerians lament

High conversion cost discouraging CNG adoption, Nigerians lament

In as much as many vehicle owners would love to convert their engines from petrol to compressed natural gas, the rising cost of conversion from an average of N600,000 in January to N1.5m currently is making the initiative unattractive, writes DARE OLAWIN With the seriousness accorded to compressed natural gas by President Bola Tinubu, a

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In as much as many vehicle owners would love to convert their engines from petrol to compressed natural gas, the rising cost of conversion from an average of N600,000 in January to N1.5m currently is making the initiative unattractive, writes DARE OLAWIN With the seriousness accorded to compressed natural gas by President Bola Tinubu, a

Read More In as much as many vehicle owners would love to convert their engines from petrol to compressed natural gas, the rising cost of conversion from an average of N600,000 in January to N1.5m currently is making the initiative unattractive, writes DARE OLAWIN With the seriousness accorded to compressed natural gas by President Bola Tinubu, a
Read More  Punch Newspapers – Business

In as much as many vehicle owners would love to convert their engines from petrol to compressed natural gas, the rising cost of conversion from an average of N600,000 in January to N1.5m currently is making the initiative unattractive, writes DARE OLAWIN With the seriousness accorded to compressed natural gas by President Bola Tinubu, a
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Boards play key roles in corporate governance – Don

Boards play key roles in corporate governance – Don

A professor of corporate governance, Fabian Ajogwu (SAN), has emphasised the role of boards of directors, especially in state-owned enterprises, in implementing an organisation’s Environmental, Social, and Governance strategies. He noted that the Nigerian Code of Corporate Governance 2018 mandates boards to define ESG strategies, manage ESG-related risks, and foster stakeholder engagement. Ajogwu spoke at

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A professor of corporate governance, Fabian Ajogwu (SAN), has emphasised the role of boards of directors, especially in state-owned enterprises, in implementing an organisation’s Environmental, Social, and Governance strategies. He noted that the Nigerian Code of Corporate Governance 2018 mandates boards to define ESG strategies, manage ESG-related risks, and foster stakeholder engagement. Ajogwu spoke at

Read More A professor of corporate governance, Fabian Ajogwu (SAN), has emphasised the role of boards of directors, especially in state-owned enterprises, in implementing an organisation’s Environmental, Social, and Governance strategies. He noted that the Nigerian Code of Corporate Governance 2018 mandates boards to define ESG strategies, manage ESG-related risks, and foster stakeholder engagement. Ajogwu spoke at
Read More  Punch Newspapers – Business

A professor of corporate governance, Fabian Ajogwu (SAN), has emphasised the role of boards of directors, especially in state-owned enterprises, in implementing an organisation’s Environmental, Social, and Governance strategies. He noted that the Nigerian Code of Corporate Governance 2018 mandates boards to define ESG strategies, manage ESG-related risks, and foster stakeholder engagement. Ajogwu spoke at
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Nigeria’s FX reserves hit $40bn, highest in 33 months – Cardoso

Nigeria’s FX reserves hit $40bn, highest in 33 months – Cardoso

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He made the disclosure during a symposium in Abuja on Thursday, which coincided with the unveiling of the compendium, “Promoting Stability in an Era of Economic

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The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He made the disclosure during a symposium in Abuja on Thursday, which coincided with the unveiling of the compendium, “Promoting Stability in an Era of Economic

Read More The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He made the disclosure during a symposium in Abuja on Thursday, which coincided with the unveiling of the compendium, “Promoting Stability in an Era of Economic
Read More  Punch Newspapers – Business

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He made the disclosure during a symposium in Abuja on Thursday, which coincided with the unveiling of the compendium, “Promoting Stability in an Era of Economic
Read More

Firm plans African Takaful conference

Firm plans African Takaful conference

Provider of Takaful Insurance Solutions, Noor Takaful Insurance Limited, has concluded plans to host the second edition of the African Takaful and Non-Interest Finance Conference. According to a statement made available to The PUNCH on Tuesday, the organisers stated that the conference which is scheduled for next week in Lagos is themed ‘Islamic Finance and

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Provider of Takaful Insurance Solutions, Noor Takaful Insurance Limited, has concluded plans to host the second edition of the African Takaful and Non-Interest Finance Conference. According to a statement made available to The PUNCH on Tuesday, the organisers stated that the conference which is scheduled for next week in Lagos is themed ‘Islamic Finance and

Read More Provider of Takaful Insurance Solutions, Noor Takaful Insurance Limited, has concluded plans to host the second edition of the African Takaful and Non-Interest Finance Conference. According to a statement made available to The PUNCH on Tuesday, the organisers stated that the conference which is scheduled for next week in Lagos is themed ‘Islamic Finance and
Read More  Punch Newspapers – Business

Provider of Takaful Insurance Solutions, Noor Takaful Insurance Limited, has concluded plans to host the second edition of the African Takaful and Non-Interest Finance Conference. According to a statement made available to The PUNCH on Tuesday, the organisers stated that the conference which is scheduled for next week in Lagos is themed ‘Islamic Finance and
Read More

FRC organises retreat on fiscal discipline

FRC organises retreat on fiscal discipline

The Fiscal Responsibility Commission is set to organise a two-day sensitisation retreat to drive fiscal discipline and good governance in North-Central Nigeria. The retreat, themed ‘The Impact of Transparency and Accountability on Sub-National Development in North Central Nigeria,’ will be held from Thursday (today) to Friday in Abuja. A statement signed by the Head of

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The Fiscal Responsibility Commission is set to organise a two-day sensitisation retreat to drive fiscal discipline and good governance in North-Central Nigeria. The retreat, themed ‘The Impact of Transparency and Accountability on Sub-National Development in North Central Nigeria,’ will be held from Thursday (today) to Friday in Abuja. A statement signed by the Head of

Read More The Fiscal Responsibility Commission is set to organise a two-day sensitisation retreat to drive fiscal discipline and good governance in North-Central Nigeria. The retreat, themed ‘The Impact of Transparency and Accountability on Sub-National Development in North Central Nigeria,’ will be held from Thursday (today) to Friday in Abuja. A statement signed by the Head of
Read More  Punch Newspapers – Business

The Fiscal Responsibility Commission is set to organise a two-day sensitisation retreat to drive fiscal discipline and good governance in North-Central Nigeria. The retreat, themed ‘The Impact of Transparency and Accountability on Sub-National Development in North Central Nigeria,’ will be held from Thursday (today) to Friday in Abuja. A statement signed by the Head of
Read More

Banks free to trade with deposited FX – CBN

Banks free to trade with deposited FX – CBN

The Central Bank of Nigeria has issued guidelines to banks on implementing the free foreign exchange deposit window announced by the Federal Government recently. The guidelines released by the CBN on Tuesday provided the modalities for the participation of commercial, merchant, and non-interest banks in the scheme. The notice of the scheme guidelines, which takes

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The Central Bank of Nigeria has issued guidelines to banks on implementing the free foreign exchange deposit window announced by the Federal Government recently. The guidelines released by the CBN on Tuesday provided the modalities for the participation of commercial, merchant, and non-interest banks in the scheme. The notice of the scheme guidelines, which takes

Read More The Central Bank of Nigeria has issued guidelines to banks on implementing the free foreign exchange deposit window announced by the Federal Government recently. The guidelines released by the CBN on Tuesday provided the modalities for the participation of commercial, merchant, and non-interest banks in the scheme. The notice of the scheme guidelines, which takes
Read More  Punch Newspapers – Business

The Central Bank of Nigeria has issued guidelines to banks on implementing the free foreign exchange deposit window announced by the Federal Government recently. The guidelines released by the CBN on Tuesday provided the modalities for the participation of commercial, merchant, and non-interest banks in the scheme. The notice of the scheme guidelines, which takes
Read More

FBN Holdings share price appreciates

FBN Holdings share price appreciates

The share price of FBN Holdings rose in value on the Nigerian Exchange Limited on Wednesday, the opening day of the rights issue of the financial institution. At the close of trading, the shares of FBN Holdings rose by 1.65 per cent to N27.65. This is the highest value it had traded at on the

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The share price of FBN Holdings rose in value on the Nigerian Exchange Limited on Wednesday, the opening day of the rights issue of the financial institution. At the close of trading, the shares of FBN Holdings rose by 1.65 per cent to N27.65. This is the highest value it had traded at on the

Read More The share price of FBN Holdings rose in value on the Nigerian Exchange Limited on Wednesday, the opening day of the rights issue of the financial institution. At the close of trading, the shares of FBN Holdings rose by 1.65 per cent to N27.65. This is the highest value it had traded at on the
Read More  Punch Newspapers – Business

The share price of FBN Holdings rose in value on the Nigerian Exchange Limited on Wednesday, the opening day of the rights issue of the financial institution. At the close of trading, the shares of FBN Holdings rose by 1.65 per cent to N27.65. This is the highest value it had traded at on the
Read More

Stanbic IBTC Capital leads RMB Nigeria SPV issuance

Stanbic IBTC Capital leads RMB Nigeria SPV issuance

Stanbic IBTC Capital has served as the lead issuing house for RMB Nigeria Issuance SPV Plc, as it registered its N40 billion multi-instrument issuance programme. RMB Nigeria Issuance SPV Plc is the funding vehicle incorporated to support RMB Nigeria in raising financing from the public debt capital markets. On the transaction, RMB Nigeria acted as

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Stanbic IBTC Capital has served as the lead issuing house for RMB Nigeria Issuance SPV Plc, as it registered its N40 billion multi-instrument issuance programme. RMB Nigeria Issuance SPV Plc is the funding vehicle incorporated to support RMB Nigeria in raising financing from the public debt capital markets. On the transaction, RMB Nigeria acted as

Read More Stanbic IBTC Capital has served as the lead issuing house for RMB Nigeria Issuance SPV Plc, as it registered its N40 billion multi-instrument issuance programme. RMB Nigeria Issuance SPV Plc is the funding vehicle incorporated to support RMB Nigeria in raising financing from the public debt capital markets. On the transaction, RMB Nigeria acted as
Read More  Punch Newspapers – Business

Stanbic IBTC Capital has served as the lead issuing house for RMB Nigeria Issuance SPV Plc, as it registered its N40 billion multi-instrument issuance programme. RMB Nigeria Issuance SPV Plc is the funding vehicle incorporated to support RMB Nigeria in raising financing from the public debt capital markets. On the transaction, RMB Nigeria acted as
Read More

TotalEnergies plans to invest in Nigeria’s oil blocks

TotalEnergies plans to invest in Nigeria’s oil blocks

The President/Chief Executive Officer of TotalEnergies worldwide, Patrick Pouyanne, says the company is ready to invest billions of dollars in Nigeria by participating in the ongoing oil bid round in the country. Pouyanne stated this recently when he visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, at the commission’s headquarters

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The President/Chief Executive Officer of TotalEnergies worldwide, Patrick Pouyanne, says the company is ready to invest billions of dollars in Nigeria by participating in the ongoing oil bid round in the country. Pouyanne stated this recently when he visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, at the commission’s headquarters

Read More The President/Chief Executive Officer of TotalEnergies worldwide, Patrick Pouyanne, says the company is ready to invest billions of dollars in Nigeria by participating in the ongoing oil bid round in the country. Pouyanne stated this recently when he visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, at the commission’s headquarters
Read More  Punch Newspapers – Business

The President/Chief Executive Officer of TotalEnergies worldwide, Patrick Pouyanne, says the company is ready to invest billions of dollars in Nigeria by participating in the ongoing oil bid round in the country. Pouyanne stated this recently when he visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, at the commission’s headquarters
Read More

Consumers protest as Discos hike meter price by 28%

Consumers protest as Discos hike meter price by 28%

Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months. Power consumers kicked against the development, describing it as “wicked”, considering the economic hardship nationwide currently. According to the Discos, the cost of a single-phase meter has risen from approximately

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Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months. Power consumers kicked against the development, describing it as “wicked”, considering the economic hardship nationwide currently. According to the Discos, the cost of a single-phase meter has risen from approximately

Read More Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months. Power consumers kicked against the development, describing it as “wicked”, considering the economic hardship nationwide currently. According to the Discos, the cost of a single-phase meter has risen from approximately
Read More  Punch Newspapers – Business

Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months. Power consumers kicked against the development, describing it as “wicked”, considering the economic hardship nationwide currently. According to the Discos, the cost of a single-phase meter has risen from approximately
Read More

Wema Bank wins Great Place to Work award

Wema Bank wins Great Place to Work award

Wema Bank has emerged as the ‘No. 1 Best Workplace in Nigeria’, at the Great Place To Work 2024 Awards ceremony which was held in Lagos recently.  Great Place To Work is the global authority on workplace culture, reputed for its role in promoting healthy work culture by assessing organisational culture from the perspective of

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Wema Bank has emerged as the ‘No. 1 Best Workplace in Nigeria’, at the Great Place To Work 2024 Awards ceremony which was held in Lagos recently.  Great Place To Work is the global authority on workplace culture, reputed for its role in promoting healthy work culture by assessing organisational culture from the perspective of

Read More Wema Bank has emerged as the ‘No. 1 Best Workplace in Nigeria’, at the Great Place To Work 2024 Awards ceremony which was held in Lagos recently.  Great Place To Work is the global authority on workplace culture, reputed for its role in promoting healthy work culture by assessing organisational culture from the perspective of
Read More  Punch Newspapers – Business

Wema Bank has emerged as the ‘No. 1 Best Workplace in Nigeria’, at the Great Place To Work 2024 Awards ceremony which was held in Lagos recently.  Great Place To Work is the global authority on workplace culture, reputed for its role in promoting healthy work culture by assessing organisational culture from the perspective of
Read More

FG plans seven dams in South-West for irrigation – Official

FG plans seven dams in South-West for irrigation – Official

The Managing Director and Chief Executive Officer of the Ogun-Osun River Basin Development Authority, Dr Adedeji Ashiru, disclosed on Wednesday that the Federal Government has finalised plans to construct seven dams in the six southwestern states for irrigation purposes and to enhance food production. Ashiru also revealed that plans are ongoing to concession the hydropower-generating

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The Managing Director and Chief Executive Officer of the Ogun-Osun River Basin Development Authority, Dr Adedeji Ashiru, disclosed on Wednesday that the Federal Government has finalised plans to construct seven dams in the six southwestern states for irrigation purposes and to enhance food production. Ashiru also revealed that plans are ongoing to concession the hydropower-generating

Read More The Managing Director and Chief Executive Officer of the Ogun-Osun River Basin Development Authority, Dr Adedeji Ashiru, disclosed on Wednesday that the Federal Government has finalised plans to construct seven dams in the six southwestern states for irrigation purposes and to enhance food production. Ashiru also revealed that plans are ongoing to concession the hydropower-generating
Read More  Punch Newspapers – Business

The Managing Director and Chief Executive Officer of the Ogun-Osun River Basin Development Authority, Dr Adedeji Ashiru, disclosed on Wednesday that the Federal Government has finalised plans to construct seven dams in the six southwestern states for irrigation purposes and to enhance food production. Ashiru also revealed that plans are ongoing to concession the hydropower-generating
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Publicise completed road projects, minister charges FERMA

Publicise completed road projects, minister charges FERMA

The newly appointed Minister of State, Federal Ministry of Works, Bello Goronyo, has urged the management of the Federal Roads Maintenance Agency to give regular updates concerning ongoing rehabilitation of roads to the public, National Assembly, and other stakeholders to bridge communication gaps. The minister gave the charge at a meeting with the management of

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The newly appointed Minister of State, Federal Ministry of Works, Bello Goronyo, has urged the management of the Federal Roads Maintenance Agency to give regular updates concerning ongoing rehabilitation of roads to the public, National Assembly, and other stakeholders to bridge communication gaps. The minister gave the charge at a meeting with the management of

Read More The newly appointed Minister of State, Federal Ministry of Works, Bello Goronyo, has urged the management of the Federal Roads Maintenance Agency to give regular updates concerning ongoing rehabilitation of roads to the public, National Assembly, and other stakeholders to bridge communication gaps. The minister gave the charge at a meeting with the management of
Read More  Punch Newspapers – Business

The newly appointed Minister of State, Federal Ministry of Works, Bello Goronyo, has urged the management of the Federal Roads Maintenance Agency to give regular updates concerning ongoing rehabilitation of roads to the public, National Assembly, and other stakeholders to bridge communication gaps. The minister gave the charge at a meeting with the management of
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Tax bills not threat to revenue-collecting agencies – FIRS

Tax bills not threat to revenue-collecting agencies – FIRS

Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has dismissed concerns that the four tax bills currently before the National Assembly threaten the existence of any government revenue-generating agency or its operations. This was contained in a statement from the FIRS on Wednesday. Speaking at the Revenue House in Abuja on Wednesday during a

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Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has dismissed concerns that the four tax bills currently before the National Assembly threaten the existence of any government revenue-generating agency or its operations. This was contained in a statement from the FIRS on Wednesday. Speaking at the Revenue House in Abuja on Wednesday during a

Read More Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has dismissed concerns that the four tax bills currently before the National Assembly threaten the existence of any government revenue-generating agency or its operations. This was contained in a statement from the FIRS on Wednesday. Speaking at the Revenue House in Abuja on Wednesday during a
Read More  Punch Newspapers – Business

Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has dismissed concerns that the four tax bills currently before the National Assembly threaten the existence of any government revenue-generating agency or its operations. This was contained in a statement from the FIRS on Wednesday. Speaking at the Revenue House in Abuja on Wednesday during a
Read More

FG panel blames poor maintenance for grid collapses

FG panel blames poor maintenance for grid collapses

The Federal Government has revealed that a poor maintenance culture and inadequate and aged equipment, among other challenges, are the underlying reasons for the incessant multiple collapses of the national power grid witnessed in recent months. It also stated that the high voltage of electricity surpassing the capacity of its equipment caused the blackout witnessed

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The Federal Government has revealed that a poor maintenance culture and inadequate and aged equipment, among other challenges, are the underlying reasons for the incessant multiple collapses of the national power grid witnessed in recent months. It also stated that the high voltage of electricity surpassing the capacity of its equipment caused the blackout witnessed

Read More The Federal Government has revealed that a poor maintenance culture and inadequate and aged equipment, among other challenges, are the underlying reasons for the incessant multiple collapses of the national power grid witnessed in recent months. It also stated that the high voltage of electricity surpassing the capacity of its equipment caused the blackout witnessed
Read More  Punch Newspapers – Business

The Federal Government has revealed that a poor maintenance culture and inadequate and aged equipment, among other challenges, are the underlying reasons for the incessant multiple collapses of the national power grid witnessed in recent months. It also stated that the high voltage of electricity surpassing the capacity of its equipment caused the blackout witnessed
Read More

Lagos-Calabar highway: Property owners reject N18bn compensation

Lagos-Calabar highway: Property owners reject N18bn compensation

Property owners along the Lagos-Calabar Highway have rejected the Federal Government’s compensation offer, describing it as insufficient compared to the actual value of their properties. In an exclusive interview with The PUNCH, a retired banker, Emeka  Mewu, said the compensation he was offered was a merger sum compared to the value of his property. He

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Property owners along the Lagos-Calabar Highway have rejected the Federal Government’s compensation offer, describing it as insufficient compared to the actual value of their properties. In an exclusive interview with The PUNCH, a retired banker, Emeka  Mewu, said the compensation he was offered was a merger sum compared to the value of his property. He

Read More Property owners along the Lagos-Calabar Highway have rejected the Federal Government’s compensation offer, describing it as insufficient compared to the actual value of their properties. In an exclusive interview with The PUNCH, a retired banker, Emeka  Mewu, said the compensation he was offered was a merger sum compared to the value of his property. He
Read More  Punch Newspapers – Business

Property owners along the Lagos-Calabar Highway have rejected the Federal Government’s compensation offer, describing it as insufficient compared to the actual value of their properties. In an exclusive interview with The PUNCH, a retired banker, Emeka  Mewu, said the compensation he was offered was a merger sum compared to the value of his property. He
Read More

Marketers battle Dangote in court, insist on petrol import

Marketers battle Dangote in court, insist on petrol import

Three oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024, and dated November 5, 2024, a response to an originating summon filed

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Three oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024, and dated November 5, 2024, a response to an originating summon filed

Read More Three oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024, and dated November 5, 2024, a response to an originating summon filed
Read More  Punch Newspapers – Business

Three oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024, and dated November 5, 2024, a response to an originating summon filed
Read More

ARCON demands strict adherence to advertising standards

ARCON demands strict adherence to advertising standards

The Advertising Regulatory Council of Nigeria has reaffirmed the need for strict adherence to advertising standards, mandating that all advertisements receive pre-approval to meet ethical and public standards before going public. ARCON’s Director-General, Dr Olalekan Fadolapo, made the call during a webinar titled ‘Advertisement in the Digital Space: What Corporate Nigeria should Know’, which the

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The Advertising Regulatory Council of Nigeria has reaffirmed the need for strict adherence to advertising standards, mandating that all advertisements receive pre-approval to meet ethical and public standards before going public. ARCON’s Director-General, Dr Olalekan Fadolapo, made the call during a webinar titled ‘Advertisement in the Digital Space: What Corporate Nigeria should Know’, which the

Read More The Advertising Regulatory Council of Nigeria has reaffirmed the need for strict adherence to advertising standards, mandating that all advertisements receive pre-approval to meet ethical and public standards before going public. ARCON’s Director-General, Dr Olalekan Fadolapo, made the call during a webinar titled ‘Advertisement in the Digital Space: What Corporate Nigeria should Know’, which the
Read More  Punch Newspapers – Business

The Advertising Regulatory Council of Nigeria has reaffirmed the need for strict adherence to advertising standards, mandating that all advertisements receive pre-approval to meet ethical and public standards before going public. ARCON’s Director-General, Dr Olalekan Fadolapo, made the call during a webinar titled ‘Advertisement in the Digital Space: What Corporate Nigeria should Know’, which the
Read More

Flour Mills posts N1.69tn revenue in H1 2025

Flour Mills posts N1.69tn revenue in H1 2025

Flour Mills of Nigeria Plc has posted a 76 per cent increase in revenue, hitting N1.69tn, indicating growth in its financial results for the first half of 2025, ending September 30, 2024. In a statement, the company reported it increased its revenue to N1.69tn from N964.6bn recorded in the same period in the preceding year.

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Flour Mills of Nigeria Plc has posted a 76 per cent increase in revenue, hitting N1.69tn, indicating growth in its financial results for the first half of 2025, ending September 30, 2024. In a statement, the company reported it increased its revenue to N1.69tn from N964.6bn recorded in the same period in the preceding year.

Read More Flour Mills of Nigeria Plc has posted a 76 per cent increase in revenue, hitting N1.69tn, indicating growth in its financial results for the first half of 2025, ending September 30, 2024. In a statement, the company reported it increased its revenue to N1.69tn from N964.6bn recorded in the same period in the preceding year.
Read More  Punch Newspapers – Business

Flour Mills of Nigeria Plc has posted a 76 per cent increase in revenue, hitting N1.69tn, indicating growth in its financial results for the first half of 2025, ending September 30, 2024. In a statement, the company reported it increased its revenue to N1.69tn from N964.6bn recorded in the same period in the preceding year.
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NDPC pledges to protect social media data

NDPC pledges to protect social media data

The Nigeria Data Protection Commission has stressed the need to protect Nigerians’ online data. The National Commissioner of the NDPC, Dr Vincent Olatunji, disclosed this as the Commission signed a Memorandum of Understanding with renowned social media influencer Enioluwa Adeoluwa in an effort to promote data protection and privacy awareness in Nigeria. Speaking at the

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The Nigeria Data Protection Commission has stressed the need to protect Nigerians’ online data. The National Commissioner of the NDPC, Dr Vincent Olatunji, disclosed this as the Commission signed a Memorandum of Understanding with renowned social media influencer Enioluwa Adeoluwa in an effort to promote data protection and privacy awareness in Nigeria. Speaking at the

Read More The Nigeria Data Protection Commission has stressed the need to protect Nigerians’ online data. The National Commissioner of the NDPC, Dr Vincent Olatunji, disclosed this as the Commission signed a Memorandum of Understanding with renowned social media influencer Enioluwa Adeoluwa in an effort to promote data protection and privacy awareness in Nigeria. Speaking at the
Read More  Punch Newspapers – Business

The Nigeria Data Protection Commission has stressed the need to protect Nigerians’ online data. The National Commissioner of the NDPC, Dr Vincent Olatunji, disclosed this as the Commission signed a Memorandum of Understanding with renowned social media influencer Enioluwa Adeoluwa in an effort to promote data protection and privacy awareness in Nigeria. Speaking at the
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175,000 Ogun businesses may get N150bn loan – Official

175,000 Ogun businesses may get N150bn loan – Official

The Ogun State Manager of the Small and Medium Enterprise Development Agency of Nigeria, Mr Abiodun Awoniyi, on Tuesday, said that the Federal Government is targeting to assist at least 175,000 business owners under its N150bn presidential loan scheme for medium and small business holders in Ogun State. This is just as about 20,000 people

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The Ogun State Manager of the Small and Medium Enterprise Development Agency of Nigeria, Mr Abiodun Awoniyi, on Tuesday, said that the Federal Government is targeting to assist at least 175,000 business owners under its N150bn presidential loan scheme for medium and small business holders in Ogun State. This is just as about 20,000 people

Read More The Ogun State Manager of the Small and Medium Enterprise Development Agency of Nigeria, Mr Abiodun Awoniyi, on Tuesday, said that the Federal Government is targeting to assist at least 175,000 business owners under its N150bn presidential loan scheme for medium and small business holders in Ogun State. This is just as about 20,000 people
Read More  Punch Newspapers – Business

The Ogun State Manager of the Small and Medium Enterprise Development Agency of Nigeria, Mr Abiodun Awoniyi, on Tuesday, said that the Federal Government is targeting to assist at least 175,000 business owners under its N150bn presidential loan scheme for medium and small business holders in Ogun State. This is just as about 20,000 people
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Vessels with 101m litres  of petrol arrive Nigeria

Vessels with 101m litres of petrol arrive Nigeria

The Nigerian Ports Authority has said that two vessels carrying a total of 101.9 million litres of Premium Motor Spirit popularly known as petrol will be discharging at the Apapa Ports in Lagos on Wednesday (Today). The NPA in its ‘Shipping Position Daily’ sighted by The PUNCH on Tuesday explained that a total of 10

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The Nigerian Ports Authority has said that two vessels carrying a total of 101.9 million litres of Premium Motor Spirit popularly known as petrol will be discharging at the Apapa Ports in Lagos on Wednesday (Today). The NPA in its ‘Shipping Position Daily’ sighted by The PUNCH on Tuesday explained that a total of 10

Read More The Nigerian Ports Authority has said that two vessels carrying a total of 101.9 million litres of Premium Motor Spirit popularly known as petrol will be discharging at the Apapa Ports in Lagos on Wednesday (Today). The NPA in its ‘Shipping Position Daily’ sighted by The PUNCH on Tuesday explained that a total of 10
Read More  Punch Newspapers – Business

The Nigerian Ports Authority has said that two vessels carrying a total of 101.9 million litres of Premium Motor Spirit popularly known as petrol will be discharging at the Apapa Ports in Lagos on Wednesday (Today). The NPA in its ‘Shipping Position Daily’ sighted by The PUNCH on Tuesday explained that a total of 10
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MTN acquires additional shares in MoMo PSB

MTN acquires additional shares in MoMo PSB

Nigeria’s biggest telco, MTN, has acquired the remaining 7.17 per cent minority interest in MoMo Payment Service Bank for N6.95bn, in a move to strengthen its position in the financial services sector. The acquisition was disclosed in MTN Nigeria’s unaudited financial statements for the nine months ended Sept. 30, 2024. In May, MTN reached an

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Nigeria’s biggest telco, MTN, has acquired the remaining 7.17 per cent minority interest in MoMo Payment Service Bank for N6.95bn, in a move to strengthen its position in the financial services sector. The acquisition was disclosed in MTN Nigeria’s unaudited financial statements for the nine months ended Sept. 30, 2024. In May, MTN reached an

Read More Nigeria’s biggest telco, MTN, has acquired the remaining 7.17 per cent minority interest in MoMo Payment Service Bank for N6.95bn, in a move to strengthen its position in the financial services sector. The acquisition was disclosed in MTN Nigeria’s unaudited financial statements for the nine months ended Sept. 30, 2024. In May, MTN reached an
Read More  Punch Newspapers – Business

Nigeria’s biggest telco, MTN, has acquired the remaining 7.17 per cent minority interest in MoMo Payment Service Bank for N6.95bn, in a move to strengthen its position in the financial services sector. The acquisition was disclosed in MTN Nigeria’s unaudited financial statements for the nine months ended Sept. 30, 2024. In May, MTN reached an
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Opeke exits MainOne after Equinix’s $320m buyout

Opeke exits MainOne after Equinix’s $320m buyout

The Founder and Chief Executive Officer of MainOne, Funke Opeke, has stepped down following Equinix’s $320m acquisition of the Nigerian internet connectivity giant, a deal initially announced in 2022. Opeke’s departure marks the end of a 14-year tenure during which she led MainOne’s transformation into a key player in West Africa’s digital infrastructure landscape. With

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The Founder and Chief Executive Officer of MainOne, Funke Opeke, has stepped down following Equinix’s $320m acquisition of the Nigerian internet connectivity giant, a deal initially announced in 2022. Opeke’s departure marks the end of a 14-year tenure during which she led MainOne’s transformation into a key player in West Africa’s digital infrastructure landscape. With

Read More The Founder and Chief Executive Officer of MainOne, Funke Opeke, has stepped down following Equinix’s $320m acquisition of the Nigerian internet connectivity giant, a deal initially announced in 2022. Opeke’s departure marks the end of a 14-year tenure during which she led MainOne’s transformation into a key player in West Africa’s digital infrastructure landscape. With
Read More  Punch Newspapers – Business

The Founder and Chief Executive Officer of MainOne, Funke Opeke, has stepped down following Equinix’s $320m acquisition of the Nigerian internet connectivity giant, a deal initially announced in 2022. Opeke’s departure marks the end of a 14-year tenure during which she led MainOne’s transformation into a key player in West Africa’s digital infrastructure landscape. With
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Enforce penalties on telecom vandals, NCC urges judges

Enforce penalties on telecom vandals, NCC urges judges

The Nigerian Communications Commission has urged the judiciary to impose stricter penalties on those involved in vandalising telecommunications infrastructure, a vital component of Nigeria’s digital transformation. Speaking at the 2024 Judges Workshop on Legal and Regulatory Issues in the Communications Industry, held in Lagos on Tuesday, the NCC Executive Vice Chairman, Dr Aminu Maida, highlighted

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The Nigerian Communications Commission has urged the judiciary to impose stricter penalties on those involved in vandalising telecommunications infrastructure, a vital component of Nigeria’s digital transformation. Speaking at the 2024 Judges Workshop on Legal and Regulatory Issues in the Communications Industry, held in Lagos on Tuesday, the NCC Executive Vice Chairman, Dr Aminu Maida, highlighted

Read More The Nigerian Communications Commission has urged the judiciary to impose stricter penalties on those involved in vandalising telecommunications infrastructure, a vital component of Nigeria’s digital transformation. Speaking at the 2024 Judges Workshop on Legal and Regulatory Issues in the Communications Industry, held in Lagos on Tuesday, the NCC Executive Vice Chairman, Dr Aminu Maida, highlighted
Read More  Punch Newspapers – Business

The Nigerian Communications Commission has urged the judiciary to impose stricter penalties on those involved in vandalising telecommunications infrastructure, a vital component of Nigeria’s digital transformation. Speaking at the 2024 Judges Workshop on Legal and Regulatory Issues in the Communications Industry, held in Lagos on Tuesday, the NCC Executive Vice Chairman, Dr Aminu Maida, highlighted
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NNPC highlights funding challenges for gas projects

NNPC highlights funding challenges for gas projects

The Nigerian National Petroleum Company Ltd has stated that the country is currently struggling with insufficient funding to develop its domestic gas projects. It said the low funding is being exploited by international oil companies who only assist in exporting gas. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, made this disclosure while speaking

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The Nigerian National Petroleum Company Ltd has stated that the country is currently struggling with insufficient funding to develop its domestic gas projects. It said the low funding is being exploited by international oil companies who only assist in exporting gas. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, made this disclosure while speaking

Read More The Nigerian National Petroleum Company Ltd has stated that the country is currently struggling with insufficient funding to develop its domestic gas projects. It said the low funding is being exploited by international oil companies who only assist in exporting gas. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, made this disclosure while speaking
Read More  Punch Newspapers – Business

The Nigerian National Petroleum Company Ltd has stated that the country is currently struggling with insufficient funding to develop its domestic gas projects. It said the low funding is being exploited by international oil companies who only assist in exporting gas. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, made this disclosure while speaking
Read More

Oil marketers affirm support for Dangote refinery, seek fair pricing

Oil marketers affirm support for Dangote refinery, seek fair pricing

Oil marketers have clarified that they are not opposed to Dangote Refinery and are open to purchasing refined Premium Motor Spirit from the facility. The President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, made this clarification in an interview on Channels Television’s Morning Brief on Tuesday. Gillis-Harry stated that oil

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Oil marketers have clarified that they are not opposed to Dangote Refinery and are open to purchasing refined Premium Motor Spirit from the facility. The President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, made this clarification in an interview on Channels Television’s Morning Brief on Tuesday. Gillis-Harry stated that oil

Read More Oil marketers have clarified that they are not opposed to Dangote Refinery and are open to purchasing refined Premium Motor Spirit from the facility. The President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, made this clarification in an interview on Channels Television’s Morning Brief on Tuesday. Gillis-Harry stated that oil
Read More  Punch Newspapers – Business

Oil marketers have clarified that they are not opposed to Dangote Refinery and are open to purchasing refined Premium Motor Spirit from the facility. The President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, made this clarification in an interview on Channels Television’s Morning Brief on Tuesday. Gillis-Harry stated that oil
Read More

Pelican, others to attract low-interest credit for real estate

Pelican, others to attract low-interest credit for real estate

In a move aimed at bridging the nation’s increasing housing deficit, Pelican Valley Nigeria Limited and Canadian developers are working on a mutually beneficial collaboration to attract a business-friendly single-digit interest credit facility for real estate financing in Nigeria. In a statement, Pelican Valley disclosed that the move was one of the outcomes of the

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In a move aimed at bridging the nation’s increasing housing deficit, Pelican Valley Nigeria Limited and Canadian developers are working on a mutually beneficial collaboration to attract a business-friendly single-digit interest credit facility for real estate financing in Nigeria. In a statement, Pelican Valley disclosed that the move was one of the outcomes of the

Read More In a move aimed at bridging the nation’s increasing housing deficit, Pelican Valley Nigeria Limited and Canadian developers are working on a mutually beneficial collaboration to attract a business-friendly single-digit interest credit facility for real estate financing in Nigeria. In a statement, Pelican Valley disclosed that the move was one of the outcomes of the
Read More  Punch Newspapers – Business

In a move aimed at bridging the nation’s increasing housing deficit, Pelican Valley Nigeria Limited and Canadian developers are working on a mutually beneficial collaboration to attract a business-friendly single-digit interest credit facility for real estate financing in Nigeria. In a statement, Pelican Valley disclosed that the move was one of the outcomes of the
Read More

Housing ministry trains staff on green building practices

Housing ministry trains staff on green building practices

The Federal Ministry of Housing and Urban Development recently organised a two-day training workshop on Green Building Practices in Abuja, aimed at equipping technical staff with the knowledge to implement environmentally sustainable construction methods. Minister of Housing and Urban Development, Ahmed Dangiwa, opened the workshop, emphasising its transformative potential for both the ministry and housing

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The Federal Ministry of Housing and Urban Development recently organised a two-day training workshop on Green Building Practices in Abuja, aimed at equipping technical staff with the knowledge to implement environmentally sustainable construction methods. Minister of Housing and Urban Development, Ahmed Dangiwa, opened the workshop, emphasising its transformative potential for both the ministry and housing

Read More The Federal Ministry of Housing and Urban Development recently organised a two-day training workshop on Green Building Practices in Abuja, aimed at equipping technical staff with the knowledge to implement environmentally sustainable construction methods. Minister of Housing and Urban Development, Ahmed Dangiwa, opened the workshop, emphasising its transformative potential for both the ministry and housing
Read More  Punch Newspapers – Business

The Federal Ministry of Housing and Urban Development recently organised a two-day training workshop on Green Building Practices in Abuja, aimed at equipping technical staff with the knowledge to implement environmentally sustainable construction methods. Minister of Housing and Urban Development, Ahmed Dangiwa, opened the workshop, emphasising its transformative potential for both the ministry and housing
Read More

FG pledges support for youths in urban development

FG pledges support for youths in urban development

The Federal Government has pledged to engage and support youths in shaping Nigeria’s urban future. The Minister for Housing and Urban Development, Ahmed Dangiwa, disclosed this at the recent 2024 Urban October, an event held in commemoration of World Cities Day, World Cities Day is a day dedicated to promoting sustainable urbanisation globally. The 2024

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The Federal Government has pledged to engage and support youths in shaping Nigeria’s urban future. The Minister for Housing and Urban Development, Ahmed Dangiwa, disclosed this at the recent 2024 Urban October, an event held in commemoration of World Cities Day, World Cities Day is a day dedicated to promoting sustainable urbanisation globally. The 2024

Read More The Federal Government has pledged to engage and support youths in shaping Nigeria’s urban future. The Minister for Housing and Urban Development, Ahmed Dangiwa, disclosed this at the recent 2024 Urban October, an event held in commemoration of World Cities Day, World Cities Day is a day dedicated to promoting sustainable urbanisation globally. The 2024
Read More  Punch Newspapers – Business

The Federal Government has pledged to engage and support youths in shaping Nigeria’s urban future. The Minister for Housing and Urban Development, Ahmed Dangiwa, disclosed this at the recent 2024 Urban October, an event held in commemoration of World Cities Day, World Cities Day is a day dedicated to promoting sustainable urbanisation globally. The 2024
Read More

Lagos plans meeting with owners of distressed buildings

Lagos plans meeting with owners of distressed buildings

The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November. This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos. Olumide said the

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The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November. This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos. Olumide said the

Read More The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November. This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos. Olumide said the
Read More  Punch Newspapers – Business

The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November. This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos. Olumide said the
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Minister inaugurates builders’ disciplinary tribunal

Minister inaugurates builders’ disciplinary tribunal

The Minister of Housing and Urban Development, Ahmed Dangiwa, has inaugurated a seven-member Disciplinary Tribunal for Registered Builders of Nigeria. This was disclosed in a recent statement by the Director of Information and Public Relations, Salis Haiba. The statement noted that the disciplinary tribunal was charged with the duty of considering and determining any case

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The Minister of Housing and Urban Development, Ahmed Dangiwa, has inaugurated a seven-member Disciplinary Tribunal for Registered Builders of Nigeria. This was disclosed in a recent statement by the Director of Information and Public Relations, Salis Haiba. The statement noted that the disciplinary tribunal was charged with the duty of considering and determining any case

Read More The Minister of Housing and Urban Development, Ahmed Dangiwa, has inaugurated a seven-member Disciplinary Tribunal for Registered Builders of Nigeria. This was disclosed in a recent statement by the Director of Information and Public Relations, Salis Haiba. The statement noted that the disciplinary tribunal was charged with the duty of considering and determining any case
Read More  Punch Newspapers – Business

The Minister of Housing and Urban Development, Ahmed Dangiwa, has inaugurated a seven-member Disciplinary Tribunal for Registered Builders of Nigeria. This was disclosed in a recent statement by the Director of Information and Public Relations, Salis Haiba. The statement noted that the disciplinary tribunal was charged with the duty of considering and determining any case
Read More

Lack of building insurance causing economic losses – NIA

Lack of building insurance causing economic losses – NIA

The Controller of Technical at the Nigerian Insurers Association, Soji Oni, has said the low level of compliance with building insurance is triggering significant economic losses. Oni disclosed this at the third edition of the Africa cashless payment system conference in Lagos. Speaking at the conference themed, ‘Building Safer Cashless Economy and Business Communities’, Oni

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The Controller of Technical at the Nigerian Insurers Association, Soji Oni, has said the low level of compliance with building insurance is triggering significant economic losses. Oni disclosed this at the third edition of the Africa cashless payment system conference in Lagos. Speaking at the conference themed, ‘Building Safer Cashless Economy and Business Communities’, Oni

Read More The Controller of Technical at the Nigerian Insurers Association, Soji Oni, has said the low level of compliance with building insurance is triggering significant economic losses. Oni disclosed this at the third edition of the Africa cashless payment system conference in Lagos. Speaking at the conference themed, ‘Building Safer Cashless Economy and Business Communities’, Oni
Read More  Punch Newspapers – Business

The Controller of Technical at the Nigerian Insurers Association, Soji Oni, has said the low level of compliance with building insurance is triggering significant economic losses. Oni disclosed this at the third edition of the Africa cashless payment system conference in Lagos. Speaking at the conference themed, ‘Building Safer Cashless Economy and Business Communities’, Oni
Read More

Infrastructure maintenance will stimulate economy – Facility managers

Infrastructure maintenance will stimulate economy – Facility managers

The President of the Association of Facilities Management Practitioners and Chief Executive Officer of Max-Migold Ltd, Paul Erubami, Nigeria says infrastructure maintenance offers the opportunity to be an investment that generates good-paying jobs to become an economic stimulus to the local economies. He disclosed this at the third annual AFMPN conference held recently in Abuja.

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The President of the Association of Facilities Management Practitioners and Chief Executive Officer of Max-Migold Ltd, Paul Erubami, Nigeria says infrastructure maintenance offers the opportunity to be an investment that generates good-paying jobs to become an economic stimulus to the local economies. He disclosed this at the third annual AFMPN conference held recently in Abuja.

Read More The President of the Association of Facilities Management Practitioners and Chief Executive Officer of Max-Migold Ltd, Paul Erubami, Nigeria says infrastructure maintenance offers the opportunity to be an investment that generates good-paying jobs to become an economic stimulus to the local economies. He disclosed this at the third annual AFMPN conference held recently in Abuja.
Read More  Punch Newspapers – Business

The President of the Association of Facilities Management Practitioners and Chief Executive Officer of Max-Migold Ltd, Paul Erubami, Nigeria says infrastructure maintenance offers the opportunity to be an investment that generates good-paying jobs to become an economic stimulus to the local economies. He disclosed this at the third annual AFMPN conference held recently in Abuja.
Read More

Govt allocates N18bn compensation for Lagos-Calabar highway

Govt allocates N18bn compensation for Lagos-Calabar highway

A total of N18bn has been allocated to compensate affected property owners on section 1 of the Lagos-Calabar coastal highway, the Minister of Works, David Umahi, announced on Sunday. Umahi also stated that everyone on the compensation list of section 1 of the coastal road must have been paid in 10 days. He spoke during

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A total of N18bn has been allocated to compensate affected property owners on section 1 of the Lagos-Calabar coastal highway, the Minister of Works, David Umahi, announced on Sunday. Umahi also stated that everyone on the compensation list of section 1 of the coastal road must have been paid in 10 days. He spoke during

Read More A total of N18bn has been allocated to compensate affected property owners on section 1 of the Lagos-Calabar coastal highway, the Minister of Works, David Umahi, announced on Sunday. Umahi also stated that everyone on the compensation list of section 1 of the coastal road must have been paid in 10 days. He spoke during
Read More  Punch Newspapers – Business

A total of N18bn has been allocated to compensate affected property owners on section 1 of the Lagos-Calabar coastal highway, the Minister of Works, David Umahi, announced on Sunday. Umahi also stated that everyone on the compensation list of section 1 of the coastal road must have been paid in 10 days. He spoke during
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Nigeria’s forex market still unstable, says Fitch

Nigeria’s forex market still unstable, says Fitch

Nigeria’s foreign exchange market has yet to stabilise despite several initiatives by the Central Bank of Nigeria, Fitch Ratings, a global rating agency, has said. This view slightly contrasts with a report by the International Monetary Fund, which suggested that the naira was showing signs of stability, owing to recent interest rate hikes and CBN

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Nigeria’s foreign exchange market has yet to stabilise despite several initiatives by the Central Bank of Nigeria, Fitch Ratings, a global rating agency, has said. This view slightly contrasts with a report by the International Monetary Fund, which suggested that the naira was showing signs of stability, owing to recent interest rate hikes and CBN

Read More Nigeria’s foreign exchange market has yet to stabilise despite several initiatives by the Central Bank of Nigeria, Fitch Ratings, a global rating agency, has said. This view slightly contrasts with a report by the International Monetary Fund, which suggested that the naira was showing signs of stability, owing to recent interest rate hikes and CBN
Read More  Punch Newspapers – Business

Nigeria’s foreign exchange market has yet to stabilise despite several initiatives by the Central Bank of Nigeria, Fitch Ratings, a global rating agency, has said. This view slightly contrasts with a report by the International Monetary Fund, which suggested that the naira was showing signs of stability, owing to recent interest rate hikes and CBN
Read More

10 banks realise N4.2tn profit amid high interest rate

10 banks realise N4.2tn profit amid high interest rate

No fewer than 10 Deposit Money Banks raked in about N4.20tn in the first nine months of this year, an analysis of their quarterly financial reports has indicated. The banks listed on the Nigerian Exchange Limited saw their profit for the period climb by 102.81 per cent to N4.20tn from N2.07tn recorded at the end

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No fewer than 10 Deposit Money Banks raked in about N4.20tn in the first nine months of this year, an analysis of their quarterly financial reports has indicated. The banks listed on the Nigerian Exchange Limited saw their profit for the period climb by 102.81 per cent to N4.20tn from N2.07tn recorded at the end

Read More No fewer than 10 Deposit Money Banks raked in about N4.20tn in the first nine months of this year, an analysis of their quarterly financial reports has indicated. The banks listed on the Nigerian Exchange Limited saw their profit for the period climb by 102.81 per cent to N4.20tn from N2.07tn recorded at the end
Read More  Punch Newspapers – Business

No fewer than 10 Deposit Money Banks raked in about N4.20tn in the first nine months of this year, an analysis of their quarterly financial reports has indicated. The banks listed on the Nigerian Exchange Limited saw their profit for the period climb by 102.81 per cent to N4.20tn from N2.07tn recorded at the end
Read More

New depot blending substandard fuel – Dangote

New depot blending substandard fuel – Dangote

The Dangote Petroleum Refinery has alerted Nigerians about the operations of a new depot hired by an unnamed international trading company to blend substandard petroleum products in Nigeria. It said the depot, located adjacent to its operations, was leased for the objective of blending substandard products that would be dumped into the market and bought

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The Dangote Petroleum Refinery has alerted Nigerians about the operations of a new depot hired by an unnamed international trading company to blend substandard petroleum products in Nigeria. It said the depot, located adjacent to its operations, was leased for the objective of blending substandard products that would be dumped into the market and bought

Read More The Dangote Petroleum Refinery has alerted Nigerians about the operations of a new depot hired by an unnamed international trading company to blend substandard petroleum products in Nigeria. It said the depot, located adjacent to its operations, was leased for the objective of blending substandard products that would be dumped into the market and bought
Read More  Punch Newspapers – Business

The Dangote Petroleum Refinery has alerted Nigerians about the operations of a new depot hired by an unnamed international trading company to blend substandard petroleum products in Nigeria. It said the depot, located adjacent to its operations, was leased for the objective of blending substandard products that would be dumped into the market and bought
Read More

Heirs Energies pledges to drive sustainable energy solutions

Heirs Energies pledges to drive sustainable energy solutions

Heirs Energies, an integrated energy company in Africa, has announced its participation in the African Energy Week 2024, taking place this month in Cape Town, South Africa, as it promises to drive sustainable energy solutions on the continent. The Chief Executive Officer of the company, Osa Igiehon, will represent the company at this gathering of

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Heirs Energies, an integrated energy company in Africa, has announced its participation in the African Energy Week 2024, taking place this month in Cape Town, South Africa, as it promises to drive sustainable energy solutions on the continent. The Chief Executive Officer of the company, Osa Igiehon, will represent the company at this gathering of

Read More Heirs Energies, an integrated energy company in Africa, has announced its participation in the African Energy Week 2024, taking place this month in Cape Town, South Africa, as it promises to drive sustainable energy solutions on the continent. The Chief Executive Officer of the company, Osa Igiehon, will represent the company at this gathering of
Read More  Punch Newspapers – Business

Heirs Energies, an integrated energy company in Africa, has announced its participation in the African Energy Week 2024, taking place this month in Cape Town, South Africa, as it promises to drive sustainable energy solutions on the continent. The Chief Executive Officer of the company, Osa Igiehon, will represent the company at this gathering of
Read More

Japan seeks partnership with Nigerian startups

Japan seeks partnership with Nigerian startups

The Japan External Trade Organisation has expressed interest in forging partnerships with Nigerian startups, especially in the tech sector. JETRO’s Managing Director and Trade Commissioner, Takeshi Oku, highlighted Japan’s commitment to Africa’s largest economy during the opening ceremony of the Lagos International Trade Fair on November 1, according to a statement. Oku stated that Japanese

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The Japan External Trade Organisation has expressed interest in forging partnerships with Nigerian startups, especially in the tech sector. JETRO’s Managing Director and Trade Commissioner, Takeshi Oku, highlighted Japan’s commitment to Africa’s largest economy during the opening ceremony of the Lagos International Trade Fair on November 1, according to a statement. Oku stated that Japanese

Read More The Japan External Trade Organisation has expressed interest in forging partnerships with Nigerian startups, especially in the tech sector. JETRO’s Managing Director and Trade Commissioner, Takeshi Oku, highlighted Japan’s commitment to Africa’s largest economy during the opening ceremony of the Lagos International Trade Fair on November 1, according to a statement. Oku stated that Japanese
Read More  Punch Newspapers – Business

The Japan External Trade Organisation has expressed interest in forging partnerships with Nigerian startups, especially in the tech sector. JETRO’s Managing Director and Trade Commissioner, Takeshi Oku, highlighted Japan’s commitment to Africa’s largest economy during the opening ceremony of the Lagos International Trade Fair on November 1, according to a statement. Oku stated that Japanese
Read More

Caverton mourns loss of non-executive director, Bashir Bakare

Caverton mourns loss of non-executive director, Bashir Bakare

Caverton Offshore Support Group Plc has announced the passing of a non-Executive Director, Bashiru Bakare. This was contained in a statement sent to The  PUNCH on Sunday. The company stated that Bakare passed after a brief illness, stressing that his death represents an immense loss to the entire company and everyone who had the privilege

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Caverton Offshore Support Group Plc has announced the passing of a non-Executive Director, Bashiru Bakare. This was contained in a statement sent to The  PUNCH on Sunday. The company stated that Bakare passed after a brief illness, stressing that his death represents an immense loss to the entire company and everyone who had the privilege

Read More Caverton Offshore Support Group Plc has announced the passing of a non-Executive Director, Bashiru Bakare. This was contained in a statement sent to The  PUNCH on Sunday. The company stated that Bakare passed after a brief illness, stressing that his death represents an immense loss to the entire company and everyone who had the privilege
Read More  Punch Newspapers – Business

Caverton Offshore Support Group Plc has announced the passing of a non-Executive Director, Bashiru Bakare. This was contained in a statement sent to The  PUNCH on Sunday. The company stated that Bakare passed after a brief illness, stressing that his death represents an immense loss to the entire company and everyone who had the privilege
Read More

FG plans local manufacturing of electric vehicles

FG plans local manufacturing of electric vehicles

The Federal Government through the National Automotive Design and Development Council has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to begin EV production locally. The NADDC Director-General/CEO, Joseph Osanipin, disclosed this information in an exclusive interview with The PUNCH,

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The Federal Government through the National Automotive Design and Development Council has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to begin EV production locally. The NADDC Director-General/CEO, Joseph Osanipin, disclosed this information in an exclusive interview with The PUNCH,

Read More The Federal Government through the National Automotive Design and Development Council has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to begin EV production locally. The NADDC Director-General/CEO, Joseph Osanipin, disclosed this information in an exclusive interview with The PUNCH,
Read More  Punch Newspapers – Business

The Federal Government through the National Automotive Design and Development Council has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to begin EV production locally. The NADDC Director-General/CEO, Joseph Osanipin, disclosed this information in an exclusive interview with The PUNCH,
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AfCFTA: Customs facilitates first shipment to Kenya

AfCFTA: Customs facilitates first shipment to Kenya

The Nigeria Customs Service said it has facilitated Nigeria’s first shipment to Kenya, with Lucky Fibres, a subsidiary of the Tolaram Group. The service added that with the shipment, the company has become one of the first companies to ship goods to Kenya under the African Continental Free Trade Area Agreement. The National Public Relations

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The Nigeria Customs Service said it has facilitated Nigeria’s first shipment to Kenya, with Lucky Fibres, a subsidiary of the Tolaram Group. The service added that with the shipment, the company has become one of the first companies to ship goods to Kenya under the African Continental Free Trade Area Agreement. The National Public Relations

Read More The Nigeria Customs Service said it has facilitated Nigeria’s first shipment to Kenya, with Lucky Fibres, a subsidiary of the Tolaram Group. The service added that with the shipment, the company has become one of the first companies to ship goods to Kenya under the African Continental Free Trade Area Agreement. The National Public Relations
Read More  Punch Newspapers – Business

The Nigeria Customs Service said it has facilitated Nigeria’s first shipment to Kenya, with Lucky Fibres, a subsidiary of the Tolaram Group. The service added that with the shipment, the company has become one of the first companies to ship goods to Kenya under the African Continental Free Trade Area Agreement. The National Public Relations
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Breadmakers seek solutions to industry challenges

Breadmakers seek solutions to industry challenges

The Premium Bread Makers Association of Nigeria has convened a team of industry experts to address the economic pressures facing the bread-making sector, aiming to develop adaptive innovations that can sustain competitiveness amid rising costs. The association made this disclosure in a statement signed by consultant Eddy Ademosu, on Sunday. The experts will gather at

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The Premium Bread Makers Association of Nigeria has convened a team of industry experts to address the economic pressures facing the bread-making sector, aiming to develop adaptive innovations that can sustain competitiveness amid rising costs. The association made this disclosure in a statement signed by consultant Eddy Ademosu, on Sunday. The experts will gather at

Read More The Premium Bread Makers Association of Nigeria has convened a team of industry experts to address the economic pressures facing the bread-making sector, aiming to develop adaptive innovations that can sustain competitiveness amid rising costs. The association made this disclosure in a statement signed by consultant Eddy Ademosu, on Sunday. The experts will gather at
Read More  Punch Newspapers – Business

The Premium Bread Makers Association of Nigeria has convened a team of industry experts to address the economic pressures facing the bread-making sector, aiming to develop adaptive innovations that can sustain competitiveness amid rising costs. The association made this disclosure in a statement signed by consultant Eddy Ademosu, on Sunday. The experts will gather at
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Four marketers spend N833bn on fuel imports – Report

Four marketers spend N833bn on fuel imports – Report

Nigeria’s major oil marketers have significantly benefited from the Federal Government’s recent policy to eliminate subsidies on petroleum products. This change has allowed marketers to operate in a more market-driven environment, leading to substantial financial gains. In the first nine months of 2024, four prominent oil marketers reported significant revenue gain, earning a total sum

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Nigeria’s major oil marketers have significantly benefited from the Federal Government’s recent policy to eliminate subsidies on petroleum products. This change has allowed marketers to operate in a more market-driven environment, leading to substantial financial gains. In the first nine months of 2024, four prominent oil marketers reported significant revenue gain, earning a total sum

Read More Nigeria’s major oil marketers have significantly benefited from the Federal Government’s recent policy to eliminate subsidies on petroleum products. This change has allowed marketers to operate in a more market-driven environment, leading to substantial financial gains. In the first nine months of 2024, four prominent oil marketers reported significant revenue gain, earning a total sum
Read More  Punch Newspapers – Business

Nigeria’s major oil marketers have significantly benefited from the Federal Government’s recent policy to eliminate subsidies on petroleum products. This change has allowed marketers to operate in a more market-driven environment, leading to substantial financial gains. In the first nine months of 2024, four prominent oil marketers reported significant revenue gain, earning a total sum
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LAPO will provide solutions to customer challenges – Official

LAPO will provide solutions to customer challenges – Official

LAPO Microfinance Bank has vowed to continue to provide solutions targeted at solving the challenges that its customers may face. This was stated in a statement issued by the lender as it commemorated the 2024 Customer Service Week. As part of its plan for the global celebration, LAPO MfB organised a series of events and

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LAPO Microfinance Bank has vowed to continue to provide solutions targeted at solving the challenges that its customers may face. This was stated in a statement issued by the lender as it commemorated the 2024 Customer Service Week. As part of its plan for the global celebration, LAPO MfB organised a series of events and

Read More LAPO Microfinance Bank has vowed to continue to provide solutions targeted at solving the challenges that its customers may face. This was stated in a statement issued by the lender as it commemorated the 2024 Customer Service Week. As part of its plan for the global celebration, LAPO MfB organised a series of events and
Read More  Punch Newspapers – Business

LAPO Microfinance Bank has vowed to continue to provide solutions targeted at solving the challenges that its customers may face. This was stated in a statement issued by the lender as it commemorated the 2024 Customer Service Week. As part of its plan for the global celebration, LAPO MfB organised a series of events and
Read More

SMEs lack structure to access N5bn single-interest loans – SMEDAN CEO

SMEs lack structure to access N5bn single-interest loans – SMEDAN CEO

In this interview with ANOZIE EGOLE, the Director-General and Chief Executive Officer of the Small and Medium Enterprises Development Agency of Nigeria, Charles Odii, speaks on the challenges in Nigeria’s SME sector and the way forward What’s the significant challenge in the Small and Medium Enterprises sector and what are the growth opportunities in this

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In this interview with ANOZIE EGOLE, the Director-General and Chief Executive Officer of the Small and Medium Enterprises Development Agency of Nigeria, Charles Odii, speaks on the challenges in Nigeria’s SME sector and the way forward What’s the significant challenge in the Small and Medium Enterprises sector and what are the growth opportunities in this

Read More In this interview with ANOZIE EGOLE, the Director-General and Chief Executive Officer of the Small and Medium Enterprises Development Agency of Nigeria, Charles Odii, speaks on the challenges in Nigeria’s SME sector and the way forward What’s the significant challenge in the Small and Medium Enterprises sector and what are the growth opportunities in this
Read More  Punch Newspapers – Business

In this interview with ANOZIE EGOLE, the Director-General and Chief Executive Officer of the Small and Medium Enterprises Development Agency of Nigeria, Charles Odii, speaks on the challenges in Nigeria’s SME sector and the way forward What’s the significant challenge in the Small and Medium Enterprises sector and what are the growth opportunities in this
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Patronise locally made products, NICO urges Nigerians

Patronise locally made products, NICO urges Nigerians

The Executive Secretary/Chief Executive Officer of the National Institute for Cultural Orientation, Biodun Ajiboye, has urged Nigerians to use made-in-Nigeria products. He said this is one of the solutions to the current economic challenges in Nigeria, rather than focusing on imported materials. Ajiboye, who spoke in Abuja ahead of the craft fiesta in Nigeria, said

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The Executive Secretary/Chief Executive Officer of the National Institute for Cultural Orientation, Biodun Ajiboye, has urged Nigerians to use made-in-Nigeria products. He said this is one of the solutions to the current economic challenges in Nigeria, rather than focusing on imported materials. Ajiboye, who spoke in Abuja ahead of the craft fiesta in Nigeria, said

Read More The Executive Secretary/Chief Executive Officer of the National Institute for Cultural Orientation, Biodun Ajiboye, has urged Nigerians to use made-in-Nigeria products. He said this is one of the solutions to the current economic challenges in Nigeria, rather than focusing on imported materials. Ajiboye, who spoke in Abuja ahead of the craft fiesta in Nigeria, said
Read More  Punch Newspapers – Business

The Executive Secretary/Chief Executive Officer of the National Institute for Cultural Orientation, Biodun Ajiboye, has urged Nigerians to use made-in-Nigeria products. He said this is one of the solutions to the current economic challenges in Nigeria, rather than focusing on imported materials. Ajiboye, who spoke in Abuja ahead of the craft fiesta in Nigeria, said
Read More

‘Rising fuel costs, power failures will boost solar adoption’

‘Rising fuel costs, power failures will boost solar adoption’

The Chief Executive Officer of Gennex Technologies, Mr Patrick Ilo, has said that Nigeria’s energy landscape appears increasingly conducive to solar energy growth, as Nigerians are faced with escalating petrol and diesel costs, along with persistent power supply disruptions and frequent grid failures. Ilo said this at the Gennex Colloquium, with the theme, ‘Steering the

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The Chief Executive Officer of Gennex Technologies, Mr Patrick Ilo, has said that Nigeria’s energy landscape appears increasingly conducive to solar energy growth, as Nigerians are faced with escalating petrol and diesel costs, along with persistent power supply disruptions and frequent grid failures. Ilo said this at the Gennex Colloquium, with the theme, ‘Steering the

Read More The Chief Executive Officer of Gennex Technologies, Mr Patrick Ilo, has said that Nigeria’s energy landscape appears increasingly conducive to solar energy growth, as Nigerians are faced with escalating petrol and diesel costs, along with persistent power supply disruptions and frequent grid failures. Ilo said this at the Gennex Colloquium, with the theme, ‘Steering the
Read More  Punch Newspapers – Business

The Chief Executive Officer of Gennex Technologies, Mr Patrick Ilo, has said that Nigeria’s energy landscape appears increasingly conducive to solar energy growth, as Nigerians are faced with escalating petrol and diesel costs, along with persistent power supply disruptions and frequent grid failures. Ilo said this at the Gennex Colloquium, with the theme, ‘Steering the
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Inflation forcing hotels to shut down, operators lament

Inflation forcing hotels to shut down, operators lament

The high rate of inflation in NIgeria is taking its toll on hotels, forcing them to shut down operations, industry operators have cried out. Hoteliers have called on the government to intervene in the industry to address the escalating cost of doing business. In separate interviews with The PUNCH, the stakeholders noted that their challenges

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The high rate of inflation in NIgeria is taking its toll on hotels, forcing them to shut down operations, industry operators have cried out. Hoteliers have called on the government to intervene in the industry to address the escalating cost of doing business. In separate interviews with The PUNCH, the stakeholders noted that their challenges

Read More The high rate of inflation in NIgeria is taking its toll on hotels, forcing them to shut down operations, industry operators have cried out. Hoteliers have called on the government to intervene in the industry to address the escalating cost of doing business. In separate interviews with The PUNCH, the stakeholders noted that their challenges
Read More  Punch Newspapers – Business

The high rate of inflation in NIgeria is taking its toll on hotels, forcing them to shut down operations, industry operators have cried out. Hoteliers have called on the government to intervene in the industry to address the escalating cost of doing business. In separate interviews with The PUNCH, the stakeholders noted that their challenges
Read More

Nigerians paid N40bn as road taxes to states – FG

Nigerians paid N40bn as road taxes to states – FG

The Federal Government, through its National Bureau of Statistics, has stated that in 2023, Nigerians paid N40.14bn in road taxes to state governments. This is according to an analysis of data from the Internally Generated Revenue report recently published by the NBS. The figure collected was a 63.36 per cent increase from the N24.57bn collected

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The Federal Government, through its National Bureau of Statistics, has stated that in 2023, Nigerians paid N40.14bn in road taxes to state governments. This is according to an analysis of data from the Internally Generated Revenue report recently published by the NBS. The figure collected was a 63.36 per cent increase from the N24.57bn collected

Read More The Federal Government, through its National Bureau of Statistics, has stated that in 2023, Nigerians paid N40.14bn in road taxes to state governments. This is according to an analysis of data from the Internally Generated Revenue report recently published by the NBS. The figure collected was a 63.36 per cent increase from the N24.57bn collected
Read More  Punch Newspapers – Business

The Federal Government, through its National Bureau of Statistics, has stated that in 2023, Nigerians paid N40.14bn in road taxes to state governments. This is according to an analysis of data from the Internally Generated Revenue report recently published by the NBS. The figure collected was a 63.36 per cent increase from the N24.57bn collected
Read More

Regulatory commitments force SEC to postpone stakeholders’ meeting

Regulatory commitments force SEC to postpone stakeholders’ meeting

The Securities and Exchange Commission has postponed its Third Quarter Capital Market Committee meeting. According to a statement by the SEC on Saturday, the meeting earlier fixed for November 14, 2024, was postponed to allow the commission to attend to urgent regulatory commitments. The CMC is an industry-wide body comprising the SEC, capital market operators,

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The Securities and Exchange Commission has postponed its Third Quarter Capital Market Committee meeting. According to a statement by the SEC on Saturday, the meeting earlier fixed for November 14, 2024, was postponed to allow the commission to attend to urgent regulatory commitments. The CMC is an industry-wide body comprising the SEC, capital market operators,

Read More The Securities and Exchange Commission has postponed its Third Quarter Capital Market Committee meeting. According to a statement by the SEC on Saturday, the meeting earlier fixed for November 14, 2024, was postponed to allow the commission to attend to urgent regulatory commitments. The CMC is an industry-wide body comprising the SEC, capital market operators,
Read More  Punch Newspapers – Business

The Securities and Exchange Commission has postponed its Third Quarter Capital Market Committee meeting. According to a statement by the SEC on Saturday, the meeting earlier fixed for November 14, 2024, was postponed to allow the commission to attend to urgent regulatory commitments. The CMC is an industry-wide body comprising the SEC, capital market operators,
Read More

Support property market, estate developers urge govt

Support property market, estate developers urge govt

The International Real Estate Federation, Nigeria chapter, in collaboration with the World Citizen Consulting and Centre for International Private Enterprise has urged the Federal Government to support the growth of Nigeria’s property market. Both groups said the government should ensure enhanced property rights, access to credit, effective governance, rational dispute resolution mechanism, financial transparency, and

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The International Real Estate Federation, Nigeria chapter, in collaboration with the World Citizen Consulting and Centre for International Private Enterprise has urged the Federal Government to support the growth of Nigeria’s property market. Both groups said the government should ensure enhanced property rights, access to credit, effective governance, rational dispute resolution mechanism, financial transparency, and

Read More The International Real Estate Federation, Nigeria chapter, in collaboration with the World Citizen Consulting and Centre for International Private Enterprise has urged the Federal Government to support the growth of Nigeria’s property market. Both groups said the government should ensure enhanced property rights, access to credit, effective governance, rational dispute resolution mechanism, financial transparency, and
Read More  Punch Newspapers – Business

The International Real Estate Federation, Nigeria chapter, in collaboration with the World Citizen Consulting and Centre for International Private Enterprise has urged the Federal Government to support the growth of Nigeria’s property market. Both groups said the government should ensure enhanced property rights, access to credit, effective governance, rational dispute resolution mechanism, financial transparency, and
Read More

Low income pushes 14m Nigerians into poverty – World Bank

Low income pushes 14m Nigerians into poverty – World Bank

As inflation rises, low labour income has pushed an estimated 14 million Nigerians into poverty in 2024. This is according to the World Bank’s latest report on Macro Poverty Outlook: Country-by-Country Analysis and Projections for the Developing World. The report noted that nearly 47 per cent of the Nigerian population now lives below the international

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As inflation rises, low labour income has pushed an estimated 14 million Nigerians into poverty in 2024. This is according to the World Bank’s latest report on Macro Poverty Outlook: Country-by-Country Analysis and Projections for the Developing World. The report noted that nearly 47 per cent of the Nigerian population now lives below the international

Read More As inflation rises, low labour income has pushed an estimated 14 million Nigerians into poverty in 2024. This is according to the World Bank’s latest report on Macro Poverty Outlook: Country-by-Country Analysis and Projections for the Developing World. The report noted that nearly 47 per cent of the Nigerian population now lives below the international
Read More  Punch Newspapers – Business

As inflation rises, low labour income has pushed an estimated 14 million Nigerians into poverty in 2024. This is according to the World Bank’s latest report on Macro Poverty Outlook: Country-by-Country Analysis and Projections for the Developing World. The report noted that nearly 47 per cent of the Nigerian population now lives below the international
Read More

$5bn Africa Energy Bank begins operation January – FG

$5bn Africa Energy Bank begins operation January – FG

The Federal Government has announced that the much-anticipated $5bn Africa Energy Bank is set to commence operations on January 28, 2025, marking a significant milestone in efforts to enhance energy access and development across Africa. A Nigerian delegation led by the Permanent Secretary of the Federal Ministry of Petroleum Resources and Executive Board Member representing

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The Federal Government has announced that the much-anticipated $5bn Africa Energy Bank is set to commence operations on January 28, 2025, marking a significant milestone in efforts to enhance energy access and development across Africa. A Nigerian delegation led by the Permanent Secretary of the Federal Ministry of Petroleum Resources and Executive Board Member representing

Read More The Federal Government has announced that the much-anticipated $5bn Africa Energy Bank is set to commence operations on January 28, 2025, marking a significant milestone in efforts to enhance energy access and development across Africa. A Nigerian delegation led by the Permanent Secretary of the Federal Ministry of Petroleum Resources and Executive Board Member representing
Read More  Punch Newspapers – Business

The Federal Government has announced that the much-anticipated $5bn Africa Energy Bank is set to commence operations on January 28, 2025, marking a significant milestone in efforts to enhance energy access and development across Africa. A Nigerian delegation led by the Permanent Secretary of the Federal Ministry of Petroleum Resources and Executive Board Member representing
Read More

Tinubu hails ex-FirstBank MD, Adeduntan, for service

Tinubu hails ex-FirstBank MD, Adeduntan, for service

President Bola Tinubu on Friday congratulated the retired Group Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, for his service at Nigeria’s oldest bank. The President’s good wishes were contained in a statement signed by Special Adviser to the President (Information & Strategy), Bayo Onanuga. This weekend, First Bank is set to

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President Bola Tinubu on Friday congratulated the retired Group Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, for his service at Nigeria’s oldest bank. The President’s good wishes were contained in a statement signed by Special Adviser to the President (Information & Strategy), Bayo Onanuga. This weekend, First Bank is set to

Read More President Bola Tinubu on Friday congratulated the retired Group Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, for his service at Nigeria’s oldest bank. The President’s good wishes were contained in a statement signed by Special Adviser to the President (Information & Strategy), Bayo Onanuga. This weekend, First Bank is set to
Read More  Punch Newspapers – Business

President Bola Tinubu on Friday congratulated the retired Group Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, for his service at Nigeria’s oldest bank. The President’s good wishes were contained in a statement signed by Special Adviser to the President (Information & Strategy), Bayo Onanuga. This weekend, First Bank is set to
Read More

Vessels with 40.76m litres of petrol, others arrive Nigeria

Vessels with 40.76m litres of petrol, others arrive Nigeria

The Nigerian Ports Authority said that two vessels with 40,766,400 litres of Premium Motor Spirit, popularly known as PMS, arrived at Tincan Island Ports in Lagos State on Friday. NPA added that 10 vessels with different commodities including used vehicles, would arrive at the port between Friday, November 1, 2024, to November 8, 2024. The

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The Nigerian Ports Authority said that two vessels with 40,766,400 litres of Premium Motor Spirit, popularly known as PMS, arrived at Tincan Island Ports in Lagos State on Friday. NPA added that 10 vessels with different commodities including used vehicles, would arrive at the port between Friday, November 1, 2024, to November 8, 2024. The

Read More The Nigerian Ports Authority said that two vessels with 40,766,400 litres of Premium Motor Spirit, popularly known as PMS, arrived at Tincan Island Ports in Lagos State on Friday. NPA added that 10 vessels with different commodities including used vehicles, would arrive at the port between Friday, November 1, 2024, to November 8, 2024. The
Read More  Punch Newspapers – Business

The Nigerian Ports Authority said that two vessels with 40,766,400 litres of Premium Motor Spirit, popularly known as PMS, arrived at Tincan Island Ports in Lagos State on Friday. NPA added that 10 vessels with different commodities including used vehicles, would arrive at the port between Friday, November 1, 2024, to November 8, 2024. The
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Operators target 80% soybean use in Nigeria

Operators target 80% soybean use in Nigeria

The Nigeria Soybean Stakeholders Coalition has announced the target to increase Nigeria’s protein sufficiency by raising soybean usage in both livestock and human diets up to 80 per cent. At the coalition’s inauguration in Lagos, the NSSC Chairman, Dr Joe Dada, outlined a vision to increase soybean’s presence across various sectors, utilising its potential to

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The Nigeria Soybean Stakeholders Coalition has announced the target to increase Nigeria’s protein sufficiency by raising soybean usage in both livestock and human diets up to 80 per cent. At the coalition’s inauguration in Lagos, the NSSC Chairman, Dr Joe Dada, outlined a vision to increase soybean’s presence across various sectors, utilising its potential to

Read More The Nigeria Soybean Stakeholders Coalition has announced the target to increase Nigeria’s protein sufficiency by raising soybean usage in both livestock and human diets up to 80 per cent. At the coalition’s inauguration in Lagos, the NSSC Chairman, Dr Joe Dada, outlined a vision to increase soybean’s presence across various sectors, utilising its potential to
Read More  Punch Newspapers – Business

The Nigeria Soybean Stakeholders Coalition has announced the target to increase Nigeria’s protein sufficiency by raising soybean usage in both livestock and human diets up to 80 per cent. At the coalition’s inauguration in Lagos, the NSSC Chairman, Dr Joe Dada, outlined a vision to increase soybean’s presence across various sectors, utilising its potential to
Read More

Monieswitch unveils payment solutions for businesses

Monieswitch unveils payment solutions for businesses

A payment infrastructure platform, Monieswitch, has launched a payment solution tailored to boost business growth. According to the firm in a statement on Thursday, the newly launched platform is designed for small businesses, large corporations and industries. It stated that it provides a one-stop solution with versatile payment collection methods, efficient payout systems, card payment

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A payment infrastructure platform, Monieswitch, has launched a payment solution tailored to boost business growth. According to the firm in a statement on Thursday, the newly launched platform is designed for small businesses, large corporations and industries. It stated that it provides a one-stop solution with versatile payment collection methods, efficient payout systems, card payment

Read More A payment infrastructure platform, Monieswitch, has launched a payment solution tailored to boost business growth. According to the firm in a statement on Thursday, the newly launched platform is designed for small businesses, large corporations and industries. It stated that it provides a one-stop solution with versatile payment collection methods, efficient payout systems, card payment
Read More  Punch Newspapers – Business

A payment infrastructure platform, Monieswitch, has launched a payment solution tailored to boost business growth. According to the firm in a statement on Thursday, the newly launched platform is designed for small businesses, large corporations and industries. It stated that it provides a one-stop solution with versatile payment collection methods, efficient payout systems, card payment
Read More

FBN Holdings gross earnings hit N2.25tn

FBN Holdings gross earnings hit N2.25tn

The gross earnings of FBN Holdings Plc rose 134 per cent to N2.25tn at the end of September 2024 compared to N962.40bn recorded for the corresponding period in the previous year. This was disclosed in its unaudited results for the nine months ended September 30, 2024, filed with the Nigerian Exchange Limited on Wednesday. The

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The gross earnings of FBN Holdings Plc rose 134 per cent to N2.25tn at the end of September 2024 compared to N962.40bn recorded for the corresponding period in the previous year. This was disclosed in its unaudited results for the nine months ended September 30, 2024, filed with the Nigerian Exchange Limited on Wednesday. The

Read More The gross earnings of FBN Holdings Plc rose 134 per cent to N2.25tn at the end of September 2024 compared to N962.40bn recorded for the corresponding period in the previous year. This was disclosed in its unaudited results for the nine months ended September 30, 2024, filed with the Nigerian Exchange Limited on Wednesday. The
Read More  Punch Newspapers – Business

The gross earnings of FBN Holdings Plc rose 134 per cent to N2.25tn at the end of September 2024 compared to N962.40bn recorded for the corresponding period in the previous year. This was disclosed in its unaudited results for the nine months ended September 30, 2024, filed with the Nigerian Exchange Limited on Wednesday. The
Read More

Ogun supports fish farmers to boost food security

Ogun supports fish farmers to boost food security

The Ogun State Government has launched a formal harvest for aquaculture farmers in the Ilaro Zone to improve food security and reduce food prices in Nigeria. The recent aquaculture harvest received support from a programme under the Ogun State Economic Transformation Project, which helped local fish farmers with essential resources, including feed. The Ogun State

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The Ogun State Government has launched a formal harvest for aquaculture farmers in the Ilaro Zone to improve food security and reduce food prices in Nigeria. The recent aquaculture harvest received support from a programme under the Ogun State Economic Transformation Project, which helped local fish farmers with essential resources, including feed. The Ogun State

Read More The Ogun State Government has launched a formal harvest for aquaculture farmers in the Ilaro Zone to improve food security and reduce food prices in Nigeria. The recent aquaculture harvest received support from a programme under the Ogun State Economic Transformation Project, which helped local fish farmers with essential resources, including feed. The Ogun State
Read More  Punch Newspapers – Business

The Ogun State Government has launched a formal harvest for aquaculture farmers in the Ilaro Zone to improve food security and reduce food prices in Nigeria. The recent aquaculture harvest received support from a programme under the Ogun State Economic Transformation Project, which helped local fish farmers with essential resources, including feed. The Ogun State
Read More

Zenith Bank doubles profit to N1tn

Zenith Bank doubles profit to N1tn

Zenith Bank’s profit before tax ballooned by 99 per cent to N1tn at the end of the third quarter of 2024 from N505bn in the prior period of last year. In its Q3 2024 unaudited results ended September 30, 2024, filed with the Nigerian Exchange Limited, the financial institution reported a triple-digit growth of 118

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Zenith Bank’s profit before tax ballooned by 99 per cent to N1tn at the end of the third quarter of 2024 from N505bn in the prior period of last year. In its Q3 2024 unaudited results ended September 30, 2024, filed with the Nigerian Exchange Limited, the financial institution reported a triple-digit growth of 118

Read More Zenith Bank’s profit before tax ballooned by 99 per cent to N1tn at the end of the third quarter of 2024 from N505bn in the prior period of last year. In its Q3 2024 unaudited results ended September 30, 2024, filed with the Nigerian Exchange Limited, the financial institution reported a triple-digit growth of 118
Read More  Punch Newspapers – Business

Zenith Bank’s profit before tax ballooned by 99 per cent to N1tn at the end of the third quarter of 2024 from N505bn in the prior period of last year. In its Q3 2024 unaudited results ended September 30, 2024, filed with the Nigerian Exchange Limited, the financial institution reported a triple-digit growth of 118
Read More

FBN Holdings gross earnings hits N2.25tn

FBN Holdings gross earnings hits N2.25tn

The gross earnings of FBN Holdings Plc rose 134 per cent to N2.25tn at the end of September 2024 compared to N962.40bn recorded for the corresponding period in the previous year. This was disclosed in its unaudited results for the nine months ended September 30, 2024, filed with the Nigerian Exchange Limited on Wednesday. The

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The gross earnings of FBN Holdings Plc rose 134 per cent to N2.25tn at the end of September 2024 compared to N962.40bn recorded for the corresponding period in the previous year. This was disclosed in its unaudited results for the nine months ended September 30, 2024, filed with the Nigerian Exchange Limited on Wednesday. The

Read More The gross earnings of FBN Holdings Plc rose 134 per cent to N2.25tn at the end of September 2024 compared to N962.40bn recorded for the corresponding period in the previous year. This was disclosed in its unaudited results for the nine months ended September 30, 2024, filed with the Nigerian Exchange Limited on Wednesday. The
Read More  Punch Newspapers – Business

The gross earnings of FBN Holdings Plc rose 134 per cent to N2.25tn at the end of September 2024 compared to N962.40bn recorded for the corresponding period in the previous year. This was disclosed in its unaudited results for the nine months ended September 30, 2024, filed with the Nigerian Exchange Limited on Wednesday. The
Read More

Local refiners should participate in petroleum production – Reps

Local refiners should participate in petroleum production – Reps

The House of Representatives has called on the Federal Government to develop a blueprint for the involvement of indigenous refiners in the nation’s petroleum production value chain. The House’s resolution followed the adoption of a motion on the need to reform and regulate Nigerian petroleum production to integrate artisanal refiners into the value chain. The

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The House of Representatives has called on the Federal Government to develop a blueprint for the involvement of indigenous refiners in the nation’s petroleum production value chain. The House’s resolution followed the adoption of a motion on the need to reform and regulate Nigerian petroleum production to integrate artisanal refiners into the value chain. The

Read More The House of Representatives has called on the Federal Government to develop a blueprint for the involvement of indigenous refiners in the nation’s petroleum production value chain. The House’s resolution followed the adoption of a motion on the need to reform and regulate Nigerian petroleum production to integrate artisanal refiners into the value chain. The
Read More  Punch Newspapers – Business

The House of Representatives has called on the Federal Government to develop a blueprint for the involvement of indigenous refiners in the nation’s petroleum production value chain. The House’s resolution followed the adoption of a motion on the need to reform and regulate Nigerian petroleum production to integrate artisanal refiners into the value chain. The
Read More

Ogun monitors transporters to control fares

Ogun monitors transporters to control fares

The Ogun State Government has embarked on a monitoring exercise in all parks and garages in the state. It said in a statement that the exercise, tagged, ‘Task Force Control of Transport Fares of Motorists and Unethical Practice by Filling Stations’, was inaugurated by the state government through the Ministry of Transportation. It said the

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The Ogun State Government has embarked on a monitoring exercise in all parks and garages in the state. It said in a statement that the exercise, tagged, ‘Task Force Control of Transport Fares of Motorists and Unethical Practice by Filling Stations’, was inaugurated by the state government through the Ministry of Transportation. It said the

Read More The Ogun State Government has embarked on a monitoring exercise in all parks and garages in the state. It said in a statement that the exercise, tagged, ‘Task Force Control of Transport Fares of Motorists and Unethical Practice by Filling Stations’, was inaugurated by the state government through the Ministry of Transportation. It said the
Read More  Punch Newspapers – Business

The Ogun State Government has embarked on a monitoring exercise in all parks and garages in the state. It said in a statement that the exercise, tagged, ‘Task Force Control of Transport Fares of Motorists and Unethical Practice by Filling Stations’, was inaugurated by the state government through the Ministry of Transportation. It said the
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CBN, NERDC to integrate financial literacy in schools

CBN, NERDC to integrate financial literacy in schools

The Central Bank of Nigeria, in collaboration with the Nigerian Educational Research and Development Council, is poised to integrate financial literacy into the school curriculum for junior and primary schools across the country. The acting Head of the Consumer Protection Department at the CBN, Mr Ibrahim Yahaya, disclosed this on Thursday during the commemoration of

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The Central Bank of Nigeria, in collaboration with the Nigerian Educational Research and Development Council, is poised to integrate financial literacy into the school curriculum for junior and primary schools across the country. The acting Head of the Consumer Protection Department at the CBN, Mr Ibrahim Yahaya, disclosed this on Thursday during the commemoration of

Read More The Central Bank of Nigeria, in collaboration with the Nigerian Educational Research and Development Council, is poised to integrate financial literacy into the school curriculum for junior and primary schools across the country. The acting Head of the Consumer Protection Department at the CBN, Mr Ibrahim Yahaya, disclosed this on Thursday during the commemoration of
Read More  Punch Newspapers – Business

The Central Bank of Nigeria, in collaboration with the Nigerian Educational Research and Development Council, is poised to integrate financial literacy into the school curriculum for junior and primary schools across the country. The acting Head of the Consumer Protection Department at the CBN, Mr Ibrahim Yahaya, disclosed this on Thursday during the commemoration of
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FG eyes private sector investments in plastic management

FG eyes private sector investments in plastic management

The Federal Government has launched a roadmap to tackle plastic pollution in the country, expressing hope that private-sector investors will invest in plastic waste management. Speaking at the launch in Abuja, organised by the Nigeria National Plastic Action Partnership and the Federal Ministry of Environment, the Minister of Environment and Chairman of Nigeria NPAP, Balarabe

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The Federal Government has launched a roadmap to tackle plastic pollution in the country, expressing hope that private-sector investors will invest in plastic waste management. Speaking at the launch in Abuja, organised by the Nigeria National Plastic Action Partnership and the Federal Ministry of Environment, the Minister of Environment and Chairman of Nigeria NPAP, Balarabe

Read More The Federal Government has launched a roadmap to tackle plastic pollution in the country, expressing hope that private-sector investors will invest in plastic waste management. Speaking at the launch in Abuja, organised by the Nigeria National Plastic Action Partnership and the Federal Ministry of Environment, the Minister of Environment and Chairman of Nigeria NPAP, Balarabe
Read More  Punch Newspapers – Business

The Federal Government has launched a roadmap to tackle plastic pollution in the country, expressing hope that private-sector investors will invest in plastic waste management. Speaking at the launch in Abuja, organised by the Nigeria National Plastic Action Partnership and the Federal Ministry of Environment, the Minister of Environment and Chairman of Nigeria NPAP, Balarabe
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FG, EU sign £17.9m power development agreement

FG, EU sign £17.9m power development agreement

The Federal Government has signed an agreement with the  European Union and the German Government to provide support worth £17.9m to fund Nigeria’s off-grid electricity project. The project launched under the third phase of the Nigerian Energy Support Programme is to foster investments in renewable energy, energy efficiency and rural electrification. According to the EU,

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The Federal Government has signed an agreement with the  European Union and the German Government to provide support worth £17.9m to fund Nigeria’s off-grid electricity project. The project launched under the third phase of the Nigerian Energy Support Programme is to foster investments in renewable energy, energy efficiency and rural electrification. According to the EU,

Read More The Federal Government has signed an agreement with the  European Union and the German Government to provide support worth £17.9m to fund Nigeria’s off-grid electricity project. The project launched under the third phase of the Nigerian Energy Support Programme is to foster investments in renewable energy, energy efficiency and rural electrification. According to the EU,
Read More  Punch Newspapers – Business

The Federal Government has signed an agreement with the  European Union and the German Government to provide support worth £17.9m to fund Nigeria’s off-grid electricity project. The project launched under the third phase of the Nigerian Energy Support Programme is to foster investments in renewable energy, energy efficiency and rural electrification. According to the EU,
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Palton Morgan urges eco-conscious living

Palton Morgan urges eco-conscious living

A real estate development company, Palton Morgan Holdings, has canvassed eco-conscious living among Nigerians. Speaking at an event organised by NextGen, themed “Seed of Wellness”,  in Lagos, the Director of Project and Construction Management, Paltin Morgan Holdings, Peter Raven, said the company was embracing the growing interest in eco-conscious living. According to Raven, the company

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A real estate development company, Palton Morgan Holdings, has canvassed eco-conscious living among Nigerians. Speaking at an event organised by NextGen, themed “Seed of Wellness”,  in Lagos, the Director of Project and Construction Management, Paltin Morgan Holdings, Peter Raven, said the company was embracing the growing interest in eco-conscious living. According to Raven, the company

Read More A real estate development company, Palton Morgan Holdings, has canvassed eco-conscious living among Nigerians. Speaking at an event organised by NextGen, themed “Seed of Wellness”,  in Lagos, the Director of Project and Construction Management, Paltin Morgan Holdings, Peter Raven, said the company was embracing the growing interest in eco-conscious living. According to Raven, the company
Read More  Punch Newspapers – Business

A real estate development company, Palton Morgan Holdings, has canvassed eco-conscious living among Nigerians. Speaking at an event organised by NextGen, themed “Seed of Wellness”,  in Lagos, the Director of Project and Construction Management, Paltin Morgan Holdings, Peter Raven, said the company was embracing the growing interest in eco-conscious living. According to Raven, the company
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