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Business

Home Business Page 8
FG looks into financial firms that violate data protection
Posted inBusiness

FG looks into financial firms that violate data protection

In violation of the Nigeria Data Protection Act (NDP Act), 2023, the Federal Government has started looking into banks, insurance firms, pension companies, gaming companies, and insurance brokers. Within 21…
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Posted by Taiwo Ayomide August 26, 2025
CEO: MfB will expand its financial access in advance.
Posted inBusiness

CEO: MfB will expand its financial access in advance.

According to Julian Lotanna, co-founder and CEO of the fintech startup Advancly, the purpose of Advancly Microfinance Bank was to open up financial access in Nigeria. Lotanna emphasized that the…
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Posted by Taiwo Ayomide August 26, 2025
How 5% tax elimination will promote investments, cut telecom tariffs’
Posted inBusiness

How 5% tax elimination will promote investments, cut telecom tariffs’

President Bola Tinubu has “permanently” eliminated a 5% tax on telecommunications services, according to the Nigerian Communications Commission (NCC). The unpopular tax will be eliminated for the third time by…
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Posted by Taiwo Ayomide August 26, 2025
Nigeria plans N100bn earnings from 800,000 tons of metals recycling
Posted inBusiness

Nigeria plans N100bn earnings from 800,000 tons of metals recycling

Nigeria is projected to recycle more than 800,000 tons of metals yearly and create over N100 billion in revenue under the newly released End-of-Life Vehicle (ELV) Regulation, the National Automotive…
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Posted by Taiwo Ayomide August 26, 2025
Currency in circulation drops to N5tn in 6 months
Posted inBusiness

Currency in circulation drops to N5tn in 6 months

Nigeria’s total currency in circulation rose by over one trillion naira in one year, hitting N5.007trillion in the first half of the year, marking a 25 per cent increase year-on-year…
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Posted by Taiwo Ayomide August 26, 2025
We have checked the high rates on Air Peace’s international routes.
Posted inBusiness

We have checked the high rates on Air Peace’s international routes.

Barr. Allen Onyema, the chairman and CEO of Air Peace, claimed that the airline's foray into the global market has reduced the exorbitant prices that other airlines were charging on…
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Posted by Taiwo Ayomide August 25, 2025
TLG Capital and FCMB will introduce the first private debt fund’s second series.
Posted inBusiness

TLG Capital and FCMB will introduce the first private debt fund’s second series.

The oversubscribed FCMB–TLG Private Debt Fund Series 1 has been fully deployed, according to a statement from FCMB Asset Management Limited (FCMBAM) and TLG Capital. Sixteen investors supported the first…
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Posted by Taiwo Ayomide August 25, 2025
Africa’s push to develop 1.2 million barrels per day of crude oil refining capacity is led by Nigeria.
Posted inBusiness

Africa’s push to develop 1.2 million barrels per day of crude oil refining capacity is led by Nigeria.

According to the recently published 2025 OPEC World Oil Outlook, Africa is expected to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, making it one…
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Posted by Taiwo Ayomide August 25, 2025
Firm to build 12m tons capacity cement factory in Kebbi
Posted inBusiness

Firm to build 12m tons capacity cement factory in Kebbi

The 12-million-ton cement facility that the MSM Group is building in Kebbi State is expected to be completed on schedule. Muazzam Mairawani, the Chairman of MSM Group, stated during a…
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Posted by Taiwo Ayomide August 25, 2025
Power facility vandalism has increased by more than 30%, according to TCN
Posted inBusiness

Power facility vandalism has increased by more than 30%, according to TCN

Engr. Charles Iwuamadi, General Manager, Transmission Company of Nigeria (TCN), Benin Region, has expressed concern about the recent 30% spike in vandalism of the company's electricity assets in the region.…
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Posted by Taiwo Ayomide August 25, 2025

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