Business News
12 Apr
Axxela Limited has announced the recertification of its Integrated Management System (IMS) comprising ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 from the Standards Organisation of Nigeria (SON) for portfolio development of gas and power projects.
12 Apr
Experience, they say, comes with age. Nothing else aptly defines the consistent growth of First Bank of Nigeria Limited (FirstBank) and its consistent reinvention as the conscience of corporate Nigeria in the face of rising competition from traditional and other shadow banking brands.
12 Apr
Through the various activities of cyber criminals, financial institutions across the globe lost $12 billion to online attacks in the last two decades.
12 Apr
Spacex's satellite Internet system, Starlink, has added 500,000 new users in the last four months.
11 Apr
Tokyo stocks opened lower on Thursday after hotter-than-expected US inflation data drove down Wall Street shares, while the yen briefly hit a 34-year low.
11 Apr
The Nigeria Customs Service has updated its exchange rate for calculating import duties, setting it at N1,238.179/$, a rate that surpasses the Nigerian Autonomous Foreign Exchange Market (NAFEM) rate (₦1230.61/$).
11 Apr
CardinalStone Securities Limited (CSSL) handled N153.77 billion in transaction value, an equivalent of 9.9 per cent of the total turnover of the Nigerian Exchange Limited (NGX) in the first quarter, to lead the famous top 10 table...
11 Apr
The prolonged foreign exchange illiquidity, high-interest rates and cost of raw materials have continued to push up the operating cost of firms under the healthcare subsectors, impacting their profitability negatively.
11 Apr
Considering current economic challenges bedeviling the Nigerian economy, the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has urged the federal government to provide special support mechanisms...
11 Apr
The International Maritime Organisation (IMO) has pledged to collaborate with Nigeria and other member states to address different maritime challenges, seeking collective solutions to the problems.
11 Apr
Clé Digital Services Limited, a subsidiary of First Registrars Limited has stated that its flagship product: CLÉ COOP would help streamline the operations of cooperative societies in Nigeria and add value to the economy.
11 Apr
United Capital Plc has maintained its growth record, achieving an impressive 71 per cent year-on-year increase in gross earnings, taking the figure to N45.90 billion.
15 hours ago
The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.
15 hours ago
Trading activities on the floor of Nigerian Exchange Limited (NGX) halted gains to close on a downturn yesterday, causing market capitalisation to decline by N35 billion.
15 hours ago
Worried by the dwindling oil production and the need to drive investments in the nation’s oil and gas sector, the Federal Government, through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has underscored the imperative of ramping up production as a pivotal strategy to ensure stability in the midstream and downstream sectors of the industry.
15 hours ago
The Nigeria Customs Service (NCS) Tin Can Island Port (TCIP) command has reported a 95.3 per cent increase in non-oil exports in the first quarter of 2024, compared to the same period last year.
15 hours ago
The Nigerian Ports Authority (NPA) is awaiting the Debt Management Office's (DMO) final review and approval of Citibank's $700 million loan mandate, which will fund the rehabilitation of the Apapa and Tin-Can Island ports in Lagos.
15 hours ago
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs).
16 hours ago
To further address the energy inefficiency in the country, the Chief Executive Officer, Stanbic IBTC Holding Plc, Dr. Demola Sogunle, said N350 billion fund has been raised to support customers in the energy sector.
16 hours ago
Amid geo-political tension marked by uncertainty, volatility, and disruptive forces, the Chartered Institute of Directors Nigeria (CIoD) has tasked directors on effective leadership, noting that their roles as leaders assume even greater significance in turbulent times.
1 day ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
1 day ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.