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Business

VN88 Rezence wireless charging stations

Why are more public spaces integrating VN88 Rezence wireless charging stations?

Ayorinde Oluokun

2 years ago

VN88 Rezence wireless charging stations allow people to recharge devices as needed to use services like maps, event tickets, ride…
Address the nation to calm frayed nerves, CAPPA Tells Tinubu

Tinubu actively seeking ways to grow foreign reserves, stabilise naira – Aide

Ayorinde Oluokun

2 years ago

She further explained that Tinubu had also introduced fiscal incentives to deepen Compressed Natural Gas (CNG) and Liquefied Petroleum Gas…

We ‘ll work with Lagos govt to fast track documentation for developers, homeowners – Tony Aspire

Taiwo Okanlawon

2 years ago

Aspires initiative to expedite the property documentation process is a testament to his commitment to transparent governance and support for…
Agriculture minister Abubakar Kyari, says Nigeria has far lost more than N1.3bn to outbreak of Tuta absoluta also known as “Tomato Ebola”

Tinubu inaugurates mega tomato processing plant in Kebbi

Ayorinde Oluokun

2 years ago

Tinubu commended GB Foods Tomato Processing Company for its huge investment in the country.
Nigerian Govt orders illegal miners to vacate all mining sites in Zamfara over outbreak of lead poisoning in Bungudu LGA of the state

Dele Alake advocates women’s inclusion in mining

Oluwapelumi Oluwayemi

2 years ago

He charged the African continent to be resolute in its resolve to make value addition the strategy for wealth retention,…
Leading food seasoning manufacturer, NASCON Allied Industries, a member of Dangote Group, records PAT of N13. 73 for year ended December 2023.

NASCON declares dividend, bonus as profit grows by 151%   

Ademola Adegbamigbe

2 years ago

Leading food seasoning manufacturer, NASCON Allied Industries which is one of the companies under the Dangote Group, has gained more…
Lagos seals partnership with Niger for Agric. Commodities supplies

Lagos seals partnership with Niger for Agric. Commodities supplies

Kazeem Ugbodaga

2 years ago

The agreement tagged “Produce for Lagos Initiative” is part of the efforts of the two parties to key into the…

Unclaimed dividends: Reps query operators of capital market

Isa Isawade

2 years ago

“We want to ensure a healthy business environment in Nigeria where investors are safe and can conduct their business with…
Defence Minister Muhammad Badaru says no fewer than seven top leaders of the insurgency have been killed by troops in the past two months.

Seven top insurgency commanders killed in 2 months – Badaru

Ayorinde Oluokun

2 years ago

Badaru spoke to journalists after addressing members of Senior Course 46 of the Armed Forces Command and Staff College (AFCSC),…
The Nigerian Exchange Ltd. (NGX) rebounded on Tuesday, breaking a two-day bearish run with a market gain of N19 billion.

Stock market gains N193trn on enhanced buying interest

Ayorinde Oluokun

2 years ago

Transcorp Power, a subsidiary of Transnational Corporation Plc on Monday listed 7.5 billion ordinary shares of 50 each at N240…
Binance

Binance calls it quit with Nigerian Naira amid crackdown

Ayorinde Oluokun

2 years ago

The Nigerian government has also imposed $10 billion fine on Binance over alleged involvement in manipulation of the Naira.
EFCC

EFCC boss tasks bank auditors on tackling financial crimes

Paul Dada

2 years ago

Apejoye rose to the occasion and called for better engagement of the professionals with the Commission. “We should all be…

“New UK funding for tech entrepreneurs will boost livelihoods in the world’s developing countries”

Paul Dada

2 years ago

Harnessing AI technology to provide real-time agricultural advice to farmers in Nigeria and pay-as-you-go solar powered fridges are just some…
CBN

Investors oversubscribe CBN N1trn OMO bills

Ayorinde Oluokun

2 years ago

The auction was the first since last week’s Monetary Policy Committee (MPC) meeting, which was followed by a virtual meeting…
The account of Algrain Foods Limited became toxic in the year 2016 and the Trustee appointed Mr. Ade Oyebanji SAN as the Receiver

How court ordered sale of Algrain Foods Limited

Ademola Adegbamigbe

2 years ago

Algrain Foods Limited was a customer of First City Monument Bank (FCMB) and First Bank of Nigeria Limited (FBNL) and…
The seven fruits of President Tinubu’s Qatar trip

Tinubu asks Qatari investors to report any govt. officials demanding for bribe

Kazeem Ugbodaga

2 years ago

Speaking at the Nigeria-Qatar Business and Investment Forum in Doha, on Sunday, President Tinubu told Qatari investors that Africa's largest…
Tinubu, Qatari Emir witness signing of historic agreements by both nations

Tinubu, Qatari Emir witness signing of historic agreements by both nations

Kazeem Ugbodaga

2 years ago

Before the signing ceremony at the Qatar Presidential Palace, Tinubu assured his host of Nigeria’s preparedness to welcome investors into…
Alake pledges mineral data to aid Qattari businessmen eyeing Nigerian lithium

Alake pledges mineral data to aid Qattari businessmen eyeing Nigerian lithium

Kazeem Ugbodaga

2 years ago

Responding to enquires on the quality of Nigerian lithium by Qatari business mogul Sheikh Shahid Jawad at the meeting held…
Obi

Peter Obi kicks again: Nigeria’s business environment worsening 

Kazeem Ugbodaga

2 years ago

Obi said the loss was attributed to operational changes to the Nigerian Foreign exchange market, including the abolishment of the…
Adelabu

Minister summons DisCos, TCN over worsening power situation

Kazeem Ugbodaga

2 years ago

Those invited to the meeting are chief executive officers of Abuja Electricity Distribution Company (AEDC) and Ibadan Electricity Distribution Company…
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,…
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