Posted inBusiness
How Tier 1 banks can bolster a $1 trillion economy
In an effort to realize Nigeria’s goal of becoming a US$1trn economy by 2030, Tier 1 banks have been called upon to find more innovative methods for providing medium-…
Posted inBusiness
FCCPC inaugurates task force against harmful products
On Wednesday in Abuja, the Federal Competition and Consumer Protection Commission (FCCPC) launched a Joint Market Monitoring Taskforce (JMMT) aimed at overseeing the prices of goods in various markets and…
Posted inBusiness
Commissioner: Benue adopts its inaugural power sector policy
The government of Benue State announced the formulation and adoption of an all-encompassing power sector policy designed to steer energy development and broaden electricity access for its population. Barrister Omale…
Posted inBusiness
Afreximbank dismisses Fitch’s unfavorable rating and clarifies debt restructuring
The recent evaluation by global ratings agency Fitch has been rejected by the African Export-Import Bank (Afreximbank), which asserts that it is in a robust financial position. On Tuesday, the…
Posted inBusiness
FG puts new injection substation into operation in Borno
Kashim Shettima, the Vice President, has inaugurated a new 1×7.5MVA 33kV/11kV distribution injection substation at Borno State University. This project was carried out by the Niger Delta Power Holding Company…
Posted inBusiness
Shareholders highlight that the performance of the Nigerian stock market illustrates investors’ confidence.
Shareholders under the auspices of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), a leading shareholders’ group, have evaluated the management of the economy over the past…
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FG steps in to resolve Sterling Oil and PENGASSAN conflict
It has been revealed that the federal government intervened in the industrial dispute involving Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and the Petroleum and Natural Gas Senior…
Posted inBusiness
FG to forfeit $10m World Bank loan over audit deficiencies
Due to audit deficiencies and delays in launching a national budget portal, the federal government is poised to forfeit a $10 million loan from the World Bank. Moreover, the forfeiture…
Posted inBusiness
USSD: Users react angrily as banks attempt to charge fees against their airtime
The Nigerian Communications Commission (NCC) has directed deposit money banks (DMBs) in the country to stop deducting charges for unstructured supplementary service data (USSD) transactions directly from customers’ bank accounts.…
Posted inBusiness
Firm Secures $1.5 Million Investment to boost Output
Yikodeen, the sole NCDMB-certified supplier to the oil and gas sector and a manufacturer of safety footwear, has obtained a multi-million-dollar investment from Aruwa Capital Management to greatly increase its…
