Business News

Analysts have predicted that public debt outstanding would likely close at N90.49 trillion (or 43.1 per cent of GDP) in 2023 against N46.25 trillion or 23.2 per cent of GDP recorded in the corresponding period in 2022. Specifically, analysts at Cordros Research Securities said as the CBN's ways and means advances have been securitised in…

As he winds down his eight-year administration, Gov. Yahaya Bello of Kogi State said his team has worked very hard to build a transparent, prudent and accountable fiscal structure for the state, leading to a much more responsible Kogi. At a two-day capacity-building programme held in Abuja for journalists at the weekend, the chief executive…

Access Holdings Plc has announced an interim dividend of 30 kobo, even as the bank posted profit after tax of  N135.44 billion in its half year (H1)operations, against N88.74 billion achieved in the corresponding period in 2023. Specifically, the banks audited financial statement for the half year showed that profit after tax  rose by 52.63…

The Ikeja Electric (IE) Plc. has invested about N250m to replace a faulty 15MVA power transformer at Sabo Injection Substation (ISS) in the Ikorodu axis of Lagos State.

Records Poor Internet Affordability, e-Infrastructure, e-Security, e-GovernmentThe digitisation speed of the country has received a huge blow as Nigeria was ranked low in the latest Digital Quality of Life Index (DQL), dropping to 88th position in the world, two places downward compared to last year’s ranking.

The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that investment in research would play a major role in harnessing Nigeria’s maritime potentials

The Managing Director Sub Saharan Africa of Project Management Institute (PMI), George Asamani, has said that without a sufficient pool of qualified project managers to support infrastructure development, public-private partnerships, energy, and advances in Artificial Intelligence and digital transformation, African countries may face a competitive disadvantage in attracting investment and financing for development projects.

Simba Solar, the leading name in Nigeria’s power solutions landscape, is thrilled to announce the launch of its newest product, the Simba Talegent solar hybrid inverters. This state-of-the-art innovation was launched at the Nigeria Energy Exhibition and presented to the Minister of Power, Adebayo Adelabu.

.MSME can create 20 million jobs Amid the biting economic challenges, the Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, said the micro small and medium enterprise (MSMEs) sector holds the key to Nigeria's economic prosperity if there is the right operating environment. Yusuf also said that…

Hackapath, a leading partnership consulting firm has announced its collaboration with The International Trade Centre and The Netherlands Foreign Affairs to host a three-day B2B Matchmaking event in Lagos tagged, "The Deal Room”. Chinenye Patrick Kalu, Founder of HackaPath said impactful collaboration is key to business growth in today's rapidly evolving business landscape. According to…

The Standards Organisation of Nigeria (SON) has urged Nigerians to discourage the use of non-energy-friendly equipment, noting that the move would help reduce the cost consumers incur in powering their appliances in the country. The Director General of the Standards Organisation of Nigeria (SON), Farouk Salim, at the commissioning and launch of the AC Bioclimatic…

Ride-hailing operator, Bolt, has launched an innovative accelerator programme to empower drivers on an entrepreneurial journey, in partnership with the Nest Innovation Park (Nest). The operator has opened applications for the Bolt Den, a €25,000 seed fund available to support a business plan developed by Nigerian drivers that link to its Africa City Vision, based…