Business News
10 Apr
Sundry Foods Limited (SFL) has announced a significant expansion of its investment to enhance the food service industry nationwide.
10 Apr
Leading investment bank and pan-African financial services group, United Capital Plc, maintains its upward trajectory, achieving an impressive 71% year-on-year increase in gross earnings to N45.90 billion. This remarkable achievement was recordedin its recently released Audited Financial Statements for the fiscal year ended December 31, 2023. Amidst economic fluctuations, United Capital Plc has demonstrated resilience…
9 Apr
As it’s usually the case, it takes a blend of human and material resources to produce any kind of utility in the workplace. A performance management system doesn’t just identify those really putting in the work and those that aren’t,
9 Apr
French media group Vivendi's Canal+ made an all-cash mandatory offer on Monday to buy all the shares of South African broadcaster MultiChoice, which it does not already own for 35 billion rand ($1.9 billion), both companies said.
9 Apr
The Tropical Wood Exporters Association of Nigeria (TWEAN) has reported significant regulatory improvements and economic activity growth in the wood sector following the lift of an export ban last year.
9 Apr
Microsoft said most of the challenges confronting Africa could be overcome with the deployment of technology, especially Artificial Intelligence (AI). These challenges include security, agriculture, health and finances, among others. Microsoft added that AI could add about $1.2 trillion to Africa’s economy by the year 2030. This amount is said to be part of the…
9 Apr
The federal government has expressed its readiness to engage industry professionals for policies that would drive economic sustainable development.
9 Apr
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and the Minister of State for Petroleum (Gas) Ekperikpe Ekpo are to speak at the 23rd yearly NOG Energy Week 2024 following the Executive Order by President Bola Ahmed Tinubu on government’s strategies in strengthening the country’s energy sector.
9 Apr
The various economic reforms being implemented by the federal government are yielding results and will boost economic growth by 3.3 per cent in the current year, the World Bank has said.
8 Apr
Tokyo stocks ended higher on Monday as investors took heart from strong US jobs data and Israel's withdrawal of forces from the southern Gaza Strip. The benchmark Nikkei 225 index was up 0.91 percent, or 354.96 points, to end at 39,347.04, while the broader Topix index added 0.95 percent, or 25.70 points, to 2,728.32. The…
8 Apr
The Chartered Institute of Bankers of Nigeria (CIBN) has exceeded its N1 billion mark by achieving a net operating surplus of N1.371 billion in 2023 when compared with N837.943 million achieved in 2022...
8 Apr
During a congressional hearing last month, Senator Elizabeth Warren accused the Chair of the United States Federal Reserve, Jerome Powell: "When the heat was on last year, you talked a lot about getting tougher on the banks.
16 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.
16 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.
16 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.
16 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.
16 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.
16 hours ago
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs).
17 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.
17 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.