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Business

Ogu govt says it is revitalizing the state's economy through a development plan anchored on infrastructure enhancement for sustainable growth.

Ogun’s growing economy anchored on strategic develoment plan – Finance Commissioner

Ayorinde Oluokun

2 years ago

Ogun Commissioner for Finance, Mr. Dapo Okubadejo,revealed this while addressing journalists during a monthly guest forum, organized by the Nigeria…
Dangote

Dangote Cement shareholders to receive 50% dividend increase

Ademola Adegbamigbe

2 years ago

In line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of…
Investors lose N1.14trn as NGX reacts to MPC decision

Sell-off in Dangote Cement, MTN, others push equity down by 1.23%

Kazeem Ugbodaga

2 years ago

The All-Share Index also lost 1.24 per cent or 1.228.32 point, to settle at 98,751.98, as against 99,980.3 recorded on…
Cardoso

JUST IN: CBN revokes operational licenses of 4,173 BDCs

Kazeem Ugbodaga

2 years ago

The statement said the CBN took the action in the exercise of the powers conferred on it under the Bank…
PAT dropped from N53.647 billion recorded in 2022 to N51,141 billion in 2023, a decline of 4.7 percent.

Lafarge Africa announces 4.7% decline in PAT in 2023

Ayorinde Oluokun

2 years ago

The Lafarge boss stated that the firm’s performance was also largely impacted by spiraling inflation and unprecedented Naira devaluation, with…
The Federal Government says it has paid over 120 million dollars out of the 1.3 billion dollars owed Gas Suppliers in the country.

Gas-to-Power: FG pays gas suppliers over $120m

Ayorinde Oluokun

2 years ago

Recall, in January 2024, the Transmission Company of Nigeria (TCN) had blamed the low power generation and distribution experienced in…
Jigawa governor, Umar Namadi advises politicians and leaders to always reflect on their roles and mandates with the fear of God

Jigawa governor Namadi commissions hibiscus processing plant

Ayorinde Oluokun

2 years ago

Jigawa State Government and Comttraex Nigeria Limited signed a Public-Private Partnership (PPP) agreement on 19th April 2022.
Lagos

Lagos restates commitment to growth of MSMEs

Paul Dada

2 years ago

Commerce, Cooperatives, Trade and Industry (CCTI) Commissioner, Mrs. Folashade Ambrose-Medebem, at the maiden stakeholders’ meeting with Business Membership Organisations (BMOS),…
Despite recording 22.4 percent increase in sale Nestlé Nigeria PLC, has declared N79.5bn Profit After Tax Loss for the 2023 financial year

Nestlé Nigeria declares N79.5bn loss for 2023

Ayorinde Oluokun

2 years ago

He added that while its gross profit totalled N217.2 billion, representing a 39.4 per cent increase from N155.8 billion in…
Naira fluctuations have prompted businesses to adapt, says Bunmi Adeleye of Retail Supermarkets Nig. Ltd, owners of Shoprite Nigeria.

Naira depreciation creates opportunities for businesses to adapt, says Adeleye

Ayorinde Oluokun

2 years ago

Adeleye explained that like any retail business operating in a continually evolving economic landscape, Retail Supermarkets Nigeria face various challenges,…
Heineken Lokpobiri, the Minister of State for Petroleum Resources raises alarm over the hacking of his account by a fraudster who is now using it to solicit for funds.

No international oil firm left Nigeria – Lokpobiri

Ayorinde Oluokun

2 years ago

Lokpobiri spoke during the inauguration of the ongoing Nigeria International Energy Summit (NIES 2024), at the Presidential Banquet Hall in…
Nigeria will witness economic growth in 2024 - IMPI

Nigeria will witness economic growth in 2024 – IMPI

Kazeem Ugbodaga

2 years ago

The policy group explained that its position is based on a careful study of the latest GDP figure released by…
CBN

Cardoso: CBN investigating manipulation of forex market

Ayorinde Oluokun

2 years ago

Cardoso said that the CBN was moving away from interventions programmes and development finance initiatives like the Anchor Borrowers Programme,…

Siatech Africa CEO Olaniyan honoured with Award for Innovation in Technology

Isa Isawade

2 years ago

According to the institute in a letter dated December 1, 2023, “This award recognizes individuals who have demonstrated exceptional innovation,…
Arosanyin

Food prices rise in January 2024- NBS

Ayorinde Oluokun

2 years ago

On state profile analysis, the report showed that in January 2024,the highest average price of 1kg of boneless beef was…
CBN

My team and I not responsible for Nigeria’s economic woes – Cardoso

Taiwo Okanlawon

2 years ago

Other important indices, such as the Cash Reserves Ratio (CRR) and Liquidity Ratio, stayed constant throughout the time despite these…
CBN

CBN begins sales of Dollars to Bureau De Change

Kazeem Ugbodaga

2 years ago

The apex bank added that the sum of $20,000 is to be sold to each BDC at the rate of…
Cardoso

CBN hikes interest rate to 22.75%

Kazeem Ugbodaga

2 years ago

Cardoso stated that the move was in a bit to tame the stubborn inflation that had not responded much to the…
Investors lose N1.14trn as NGX reacts to MPC decision

Equity market drops N51billion

Kazeem Ugbodaga

2 years ago

A total of 294.32 million shares valued at N6.72 billion were exchanged in 9,957 deals, compared to N291.01 million shares…
The account of Algrain Foods Limited became toxic in the year 2016 and the Trustee appointed Mr. Ade Oyebanji SAN as the Receiver

FCMB investigates fire at Macarthy branch office

Ademola Adegbamigbe

2 years ago

According to a press statement by the bank, “We are grateful to the men of the Nigerian Fire Service for…
Sanwo-Olu urges multi-nationals in U.S. Africa to invest in Lagos

Sanwo-Olu urges multi-nationals in U.S. Africa to invest in Lagos

Kazeem Ugbodaga

2 years ago

Sanwo-Olu said Lagos is open and ready for investments and therefore urged foreign and local investors to see the State…
CBN

Experts project further rates tightening as CBN holds first MPC under Cardoso

Isa Isawade

2 years ago

“There will be an effect of that because interest rates will increase, people will save more and consume less, and…
Tinubu appoints Dr. Usman Bello new Chairman of CCB

Qatari authorities didn’t snub Tinubu over business forum – Presidency

Kazeem Ugbodaga

2 years ago

Onanuga said it was aware of a leaked diplomatic correspondence between the Embassy of the State of Qatar in Abuja…
Ambassador Ossai Ifeanyi to Attend 2024 IMF/World Bank Group Spring meetings

Ambassador Ossai Ifeanyi to Attend 2024 IMF/World Bank Group Spring meetings

Taiwo Okanlawon

2 years ago

By Taiwo Okanlawon HRH Ambassador Ossai Ifeanyi, an influential leader in international economic development and a distinguished member of the…
CBN

BDC: CBN orders sellers above $10,000 to declare sources

Kazeem Ugbodaga

2 years ago

Mustapha said that such sellers would also be required to comply with all Anti-Money Laundering/Combating the Financing of Terrorism (…
CBN

CBN amends Foreign Exchange rates for customs duty on importation

Kazeem Ugbodaga

2 years ago

The director said that this rate would remain valid until the date of termination of the importation and clearance of…
Omotola proffer solutions on how to save the naira

Tinubu must ban cash dollar transactions across Nigeria to save Naira – Lai Omotola

Kazeem Ugbodaga

2 years ago

Omotola proposed that the maximum cash any citizen and foreigner could hold in Nigeria should be 100 dollars, adding that…
Supreme Court strikes out AMCON’s appeal in debt case

Tinubu appoints Alade as CEO, three executive directors for AMCON

Ayorinde Oluokun

2 years ago

The President, in a statement issued by his special adviser on media and publicity on Wednesday also approved the appointment…
FG says has said it is interacting with the critical stakeholders on how to crash the price of LPG also known as cooking gas

Nigerian govt mulls ban of cooking gas export to crash prices

Ayorinde Oluokun

2 years ago

Cooking gas price has increased to N1,400 as against N950 per kg in January, 2024
Tinubu appoints Dr. Usman Bello new Chairman of CCB

Tinubu appoints new Executive Director at NEXIM

Kazeem Ugbodaga

2 years ago

This is contained in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale…
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