Business News
18 Apr
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.
18 Apr
Inflation in Nigeria is reaching its peak now and will decelerate toward the middle of the year, Director-General of the Budget Office of the Federation, Ben Akabueze, has said.
18 Apr
Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange (FX) losses and part of its local bank debt facility.
18 Apr
The International Renewable Energy Agency (IRENA) is seeking a new approach to energy security amidst geopolitical concerns and a push from fossil fuels.
18 Apr
The International Agro Original Equipment Manufacturers (OEM) has called for the exemption of all agriculture equipment from all forms of taxes, import duties, Value Added Tax and other levies for at least two years to enable Nigeria to become self-sufficient in food production.
18 Apr
The Chartered Institute of Bankers of Nigeria (CIBN) 2024 yearly lecture, slated to take place on April 23, at the Civic Center, Victoria Island, Lagos, has its theme as "Improving Availability of Credit in the Nigerian Real Economy: The Critical Importance of Liquidity."
18 Apr
The Organised Private Sector (OPSN), comprising top Business Membership Organisations (BMOs), has warned that over 65 per cent of private businesses, especially manufacturing concerns and SMEs, may be forced to close down due to the over 200 per cent hike in electricity tariff. The BMOs, comprising the Manufacturers Association of Nigeria (MAN), National Association of…
18 Apr
Wema Bank has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.
17 Apr
The Federal Government has called on oil and gas operators to create ingenious ways of raising capital to expand their investment and tackle myriads of problems facing the sector, especially leveraging the nation's capital market.
17 Apr
Publisher, The Guardian Newspapers Ltd, Lady Maiden Alex-Ibru, has called on the government at all levels in the country to remove obstacles besetting the paper industry, to prevent it from total collapse.
17 Apr
Nigeria’s economy is projected to grow to 3.3 per cent this year, while it may recede to 3.0 per cent in 2025. In its latest World Economic Outlook report, ‘Steady but slow: Resilience amid divergence,’ the International Monetary Fund...
17 Apr
Some 12,948 startups have so far been registered through the Nigeria Startup Act. The National Information Technology Development Agency (NITDA), which disclosed this, said they were registered for labeling.
12 hours ago
Various fibre cuts may have cost affected telecoms operators, especially MTN and Airtel, about N27 billion ($23 million) in repairs last year. To reduce the cost of the operations of the firms, the Federal Government through the Ministry of Works
13 hours ago
The Federal Government, through the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has announced the launch of N200 billion Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises (MSMEs) and manufacturers in Nigeria.
13 hours ago
After a weekend of tension over the resignation of Dr Adesola Adeduntan, Olusegun Alebiosu has emerged as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group)
14 hours ago
Just as it is with corporate goal setting, collaboration for effective performance involves integrating a system that gives employees the opportunity to engage or provide feedback.
14 hours ago
UBA America, a subsidiary of the pan-African financial giant United Bank for Africa (UBA) Plc, has reinforced commercial diplomacy among countries, institutions and individuals while fostering robust international collaborations.
14 hours ago
There is fresh hope among the Nigerian insurance industry players that the appointment of Olusegun Omosehin as the new Commissioner for Insurance/Chief Executive Officer of the National Insurance Commission (NAICOM) continues to generate interest in various segments of the industry.
1 day ago
The tasks of the Nigerian delegation to the just-concluded International Monetary Fund (IMF) and the World Bank Spring Meetings in Washington, United States, were well defined – sell Nigeria, seal economic pacts and market packages
1 day ago
Inflation will hit 34.98 per cent this month, analysts at Cordros Capital analysts have said.
1 day ago
There is fresh hope among the Nigerian insurance industry players that the appointment of Olusegun Omosehin as the new Commissioner for Insurance/Chief Executive Officer, the National Insurance Commission (NAICOM) continues to generate interest in various segments of the industry.
1 day ago
The General Manager of Pharma Sales and Marketing at May & Baker Nigeria Plc, Obinna Sydney Emeribe, said the company is optimistic about its growth trajectory and targeting N27 billion in revenue for 2024.