Business

Lokpobiri: I didn’t ask NNPCL to stop running refineries

Ayorinde Oluokun

2 years ago

The Minister described the claim made by Engr. Kamoru Busari, Director of Upstream in the Ministry of Petroleum Resources, at…

Naira gains N73.39, trades at N1,561.76 to dollar

Oluwapelumi Oluwayemi

2 years ago

This development, reported by the FMDQ Exchange, reflects a 4.48% gain compared to Monday’s trading rate of N1,635.15 per dollar.

FG sets up task force to fast-track PPPs in aviation sector

Paul Dada

2 years ago

The minister commended the director-general for being proactive and assured the ICRC of his unfettered collaboration to drive PPP infrastructure…

Stanbic IBTC Bank, FinDev Canada partner to increase sustainable finance

Paul Dada

2 years ago

Nigeria’s economy heavily relies on micro, small and medium enterprises

NCC to sanction Starlink over unilateral tariff increase

Ayorinde Oluokun

2 years ago

Starlink had last week announced the increase in the monthly subscription for its internet service in Nigeria from N38,000 to…

Apapa Customs hits record N1.6 trillion revenue in three months

Kazeem Ugbodaga

2 years ago

Olomu highlighted the impressive monthly collections of N201.8 billion in July and N193.9 billion in September, expressing confidence that such…

Historic move: Nigeria begins sales of Crude Oil in Naira

Kazeem Ugbodaga

2 years ago

Effective from October 1, 2024, the Federal Executive Council (FEC) directive to trade crude oil and petroleum products in Naira…

CBN sells $543m to banks to check market volatility

Ayorinde Oluokun

2 years ago

According to the CBN, the spot sales was to reduce observed market volatility driven by high demand for commodity imports…

FG to probe tax, operational disputes between Osun govt, mining company

Ayorinde Oluokun

2 years ago

Osun State Government, on Sept. 30, sealed the business premises of SROL, following a court order permitting it to confiscate…

Innovation: The Limitless Range of A Nigerian

Michael Adesina

2 years ago

Fixtops founders have the regular service and a premium package with an option to price how much it would cost.

Nigerian billionaire, Kwati, proposes $5bn investment in Sierra Leone’s Real Estate, Aviation

Kazeem Ugbodaga

2 years ago

Kwati emphasized the importance of ensuring these developments remain accessible and affordable, bringing quality urban living to a broader population.

DBN partners GAIN to empower 350 Nigerian women entrepreneurs

Kazeem Ugbodaga

2 years ago

The programme will offer targeted support in areas such as financial literacy, strategic marketing, business modeling, legal aspects of business,…

CBN partners MFBs to promote financial inclusion

Paul Dada

2 years ago

Mr Sah Nyashi, CBN Controller, Yola Branch, said this on Saturday at the inauguration of Dabtikir Microfinance Bank Limited in…

10 reasons plantain farming is highly profitable

Isa Isawade

2 years ago

Plantain has a long lifespan. It can last for 25 years or more. For a single one planted, about six…

Presidential Committee adopts FCT for groundbreaking Tax Reform initiative

Kazeem Ugbodaga

2 years ago

Oyedele clarified that harmonising and simplifying taxes would not lead to reduced revenue, as some may fear, but would instead…

Predicting Market Anomalies Using MT5 and Genetic Algorithms

Ayorinde Oluokun

2 years ago

Market anomalies refer to patterns or irregularities in trading markets that deviate from expected behavior. These anomalies can be caused…

Kosofe Economic Dialogue: CPPE, LCCI, KCCI, others call for SME policy reforms

Oluwapelumi Oluwayemi

2 years ago

The event served as a platform for discussing economic trends, challenges, and opportunities, with a focus on the role of…

Job losses loom for only tech skeptics – Expert

Paul Dada

2 years ago

The event was concluded with an after-party, allowing participants to network, relax, and enjoy a night of dining and dancing.

Oil, gas industry operators owe Nigerian govt $6bn, N66bn – NEITI Report

Ayorinde Oluokun

2 years ago

By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) has said outstanding collectible revenues due to the Federal Government…

BUA Foods reports N729bn revenue surge, announces N5.50 dividend

Kazeem Ugbodaga

2 years ago

Rabiu identified key challenges faced by the company, including supply chain complexities, foreign exchange volatility, rising cost pressures, and the…

UNGA79: ExxonMobil unveils $10bn Deep-Water investment plan in Nigeria

Kazeem Ugbodaga

2 years ago

The Vice President highlighted key policy changes, including the unification of the exchange rate, the removal of fuel subsidies, and…

QNET launches HomePure Rayn

Kazeem Ugbodaga

2 years ago

Trevor Kuna, Chief Marketing Officer of QNET, expressed his enthusiasm: "The HomePure Rayn showerhead represents a significant advancement in personal…

Coca-Cola’s $1bn ‘audio’ investment a poisoned chalice, CAPPA warns

Paul Dada

2 years ago

We, therefore, call on the Nigerian government to prioritise the interests of Nigerians by shunning questionable associations with corporate lawbreakers…

Why FG should increase stake in Dangote refinery to 45% – PENGASSAN

Ayorinde Oluokun

2 years ago

Mr Festus Osifo, President, PENGASSAN, made the call on Tuesday while presenting a communique and recommendations from the 3rd edition…

Airtel Nigeria to explore solar power, others to reduce N28bn diesel expenditure

Ayorinde Oluokun

2 years ago

Airtel with over 15,000 sites across Nigeria, each equipped with at least one diesel generator, currently consumed 22 million litres…

Breaking: CBN jacks up interest rate to 27.25%, as CRR for deposit banks hits 50%

Kazeem Ugbodaga

2 years ago

In addition to the MPR hike, the MPC also voted to raise the Cash Reserve Ratio (CRR) for Deposit Money…

Kosofe Economic Dialogue 2024: Experts to tackle Commerce and Industry Challenges

Kazeem Ugbodaga

2 years ago

Femi-Dagunro, a former Vice President for Africa at Riedel Glasswork GmbH in Austria, emphasized the Chamber’s mission to unify and…

Fidelity, UBA lead gains as NGX adds N79bn to market value

Kazeem Ugbodaga

2 years ago

Leading the gainers' chart were FCMB and McNichols, both of which gained 10% to close at N8.89 and N1.87 per…

PalmPay launches USSD service

Paul Dada

2 years ago

PalmPay plans to expand further in the region and other emerging markets.

Construction of $3.5bn Bakassi Deep Seaport begins soon – ICRC

Ayorinde Oluokun

2 years ago

The ICRC D-G who said the construction of the $3.5bn Bakassi Deep Seaport would commence under the administration of Gov.…

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