Business
74% expected CBN rate cut in July – Survey
About 74.2 per cent of respondents to the inflation expectations survey conducted by the Statistics Department of the CBN believed that the apex bank should have reduced the interest rate in July. Thi...
30th August 2024
Sterling Bank honoured for MSME impact
Sterling Bank Limited has emerged multiple award winner at the fourth Development Bank of Nigeria Service Ambassadors Award Ceremony and Dinner recently held in Lagos. A statement from the bank on Wed...
30th August 2024
Fidelity Bank trains 1,276 women in digital skills
Fidelity Bank Plc has partnered with ImpactHER to host another round of free digital and artificial intelligence skills training for businesswomen. The training, organised by ImpactHER, was held for...
30th August 2024
30 million Nigerians have credit scores – CRC Credit Bureau
The leading credit bureau in Nigeria, CRC Credit Bureau, has revealed that over 30 million Nigerians now have credit scores from its repository. In a statement on Thursday, CRC Credit Bureau said the ...
30th August 2024
Professionals urge businesses to embrace innovation at UBA summit
Experts at the quarterly Business Series of United Bank for Africa on Thursday highlighted innovation, persistence and regular assessment as key factors in building a business that lasts. The special ...
30th August 2024
FG establishes committee on risk management
The Federal Government has established a committee to assess and manage the various risks confronting the country. This initiative was announced by the Managing Director/Chief Executive Officer of the...
30th August 2024
CIPMN mandates certification for project managers
The Chartered Institute of Project Managers of Nigeria has stated its resolve to ensure that only certified professionals are authorised to manage projects in Nigeria. The Registrar of the Chartered I...
30th August 2024
AVA Capital lists N200bn infrastructure fund on NGX
AVA Capital Group has listed a N200bn infrastructure fund on the Nigerian Exchange, as part of its mission to address Nigeria’s infrastructure deficit. This was disclosed by the Managing Director of...
30th August 2024
LCFE commends FG, CBN on food importation policy
The Lagos Commodities and Futures Exchange and leading commodities brokers have commended the Federal Government and the Central Bank of Nigeria for their recent directive mandating companies to chann...
30th August 2024
Presidency, groups provide quality water in S’West, N’Central
The Presidential Community Office has facilitated access to quality water in the South-West and North-Central zones of the country through the Access to Water and Water Quality Project. The Senior Spe...
30th August 2024
Manufacturing grows by 1.28%
The manufacturing sector grew by 1.28 per cent year-on-year in the second quarter of the year, according to the Gross Domestic Product report of the National Bureau of Statistics released on Monday. T...
30th August 2024
LCCI urges NGIF managers to uphold accountability
The Lagos Chamber of Commerce and Industry has urged the newly appointed managers of the $10bn Nigeria Global Investment Fund to be accountable. The LCCI noted that the 23 companies selected by the Fe...
30th August 2024
Equity market reverses loss with N117bn gain
The Nigerian Stock Exchange reversed its previous day’s loss, as investors gained N117bn on Thursday. The market capitalisation and the all-share index gained 0.21 per cent to close at N55.4tn and...
30th August 2024
Midea, CGCL collaborate on electronic solutions
Midea and Care Global Consumer Limited have partnered to introduce cutting-edge solutions in Nigeria’s electronics market. The collaboration unveiled at a dealers’ conference in Lagos recently, ...
30th August 2024
Breadmakers deny using dangerous ingredients
Breadmakers, under the umbrella of the Premium Breadmakers Association of Nigeria, have denied using substandard or unwholesome ingredients. The rebuttal comes after a recent report on the use of sacc...
30th August 2024
MDAs boosting business environment – PEBEC
The Presidential Enabling Business Environment Council has stated that effective regulation of Ministries, Departments, and Agencies and business facilitation enhances Nigeria’s business environment...
30th August 2024
Govt unveils new battery guideline
The Federal Government has unveiled the National Environmental (Battery Control) Regulations 2024, aimed at tackling the challenges associated with battery waste management in the country. The battery...
30th August 2024
UNILAG power disconnected over N1bn debt – EKEDC
The Eko Electricity Distribution Company says it disconnected the University of Lagos from the power grid on Tuesday over its failure to pay its over N1bn electricity debt. The EKEDC Corporate Communi...
30th August 2024
Seven million African youths unemployed yearly – British Council
Close to seven million African youths are unable to get employment opportunities in the African labour market every year, the British Council says. The British Council Country Director, in Malawi, Ver...
30th August 2024
SEC grants Busha, Quidax provisional crypto licences
The Securities and Exchange Commission has granted approval in principle to two digital asset exchanges, Busha Digital Limited and Quidax Technologies Limited, allowing them to commence operations und...
30th August 2024
Nigeria ranks 24th in digital development in Africa
Nigeria, Africa’s most populous nation, has ranked 24th on the continent in terms of digital development, according to a new report by Statisense. The report released on Thursday, which evaluated co...
30th August 2024
Govs' jobs bazaar: States’ wages rise by N900bn
Amid calls by Nigerians for a lower cost of governance, the personnel costs of the 36 states in Nigeria for the 2024 financial year have hit N2.76tn, an analysis of the budgets by The PUNCH has reveal...
30th August 2024
FG, producers move to resolve oil production crisis
Leaders from both international and indigenous oil companies have reached a consensus on key issues regarding domestic crude oil supply obligations. The agreement was reached during a meeting convened...
30th August 2024
FCCPC warns firms against exploitation, threatens sanctions
The Federal Competition and Consumer Protection Commission has issued a stern warning to businesses engaging in exploitative pricing practices, threatening severe penalties, including prosecution for ...
30th August 2024
Tinubu okays 50% electricity subsidy for hospitals, others
President Bola Tinubu has approved a 50 per cent electricity subsidy for public hospitals and educational institutions to alleviate their financial burden. Minister of State for Health, Dr Tunji Alaus...
30th August 2024
Aradel to acquire NNPC, TotalEnergies oil fields
Aradel Holdings Plc, an indigenous energy company, through its subsidiary, Aradel Energy Limited, has signed a sale and purchase agreement to acquire the 100 per cent interest in the Olo and Olo West ...
29th August 2024
Citibank appoints Nneka Enwereji as CEO
Citibank Nigeria Limited has appointed Nneka Enwereji as its Managing Director/Chief Executive Officer. In a statement issued by the Head of Public Affairs, Nigeria and Ghana Global Communications Ent...
29th August 2024
Currency outside banks drops to N3.66tn — CBN report
Currency held outside of Nigeria’s banking system dropped to N3.66tn in July, about 3.32 per cent lower than it was in the previous month. This was disclosed in Money and Credit data available o...
29th August 2024
NEPC reports $2.7bn in non-oil exports half year 2024
The Nigerian Export Promotion Council reported that non-oil exports generated $2.7bn in the first half of 2024, representing a 6.26 per cent increase from the $2.5bn recorded during the same period in...
29th August 2024
Meter payments to be spread over 10 years, says minister
The Minister of Power, Adebayo Adelabu, has clarified that electricity consumers who get free prepaid meters will have up to 10 years to repay the cost. Adelabu’s statement contradicts claims that c...
29th August 2024
FG laments rising drug trafficking via sea
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has expressed concern over the rising incidents of drugs and human trafficking, threatening the maritime sector. Oyetola stated this on Thu...
29th August 2024
