FG Seeks to Eliminate Multiple Road Taxes and Promote Road Safety.
According to the Federal Government, it is attempting to do away with different road taxes in order to encourage the…
Category: Business
A loss at Airtel Africa Sent the Stock Market Down N569 billion.
Profit-taking by investors in Airtel Africa Plc continued to rule the Nigerian stock market at the start of the week…
SEC Moves to Prioritize the Updated Capital Market Master Plan.
The First Capital Market Committee meeting in 2023 will be dominated by the implementation of the updated master plan of…
According to NPA, Port Renovation will Cost $800 million.
Mohammed Bello-Koko, the managing director of the Nigerian Ports Authority, has provided an explanation for why the organization may spend…
Notwithstanding its 2060 Carbon Emission Pledge, Nigeria Resumes Coal Exploration.
The federal government has indicated that coal mining would resume in the nation despite its goal to achieve net-zero carbon…
Russia Declares a 700,000 Bpd Reduction in Oil Production in March.
According to Bloomberg, Russia claims to have reduced oil production by 700,000 barrels per day in March, significantly more than…
NCAN: Cashew Production in Nigeria can Generate Over $2.7 billion Annually.
According to Mr. Joseph Ajanaku, President of the National Cashew Association of Nigeria (NCAN), Nigeria could earn about $2.7 billion…
UBA, Zenith Bank, and Four Other Institutions Announce N389.8 Billion Dividend in Two Years.
Six out of the 13 listed banks on the Nigerian Exchange Limited (NGX) declared a combined N389.8 billion in dividends…
Senate: Budget Office Paid Four MDAs N19 billion Without Authorization.
The Minister of Finance, Budget, and National Planning’s consent was not obtained before the Budget Office of the Federation distributed…
Investors Demand Insurance and Pension Growth.
The necessity to expand the insurance and pension sectors has been discussed by financial sector stakeholders. They spoke on the…
Sterling Bank Relists on the NGX as HoldingCo.
The continuing conversion of Sterling Bank Plc into a financial holdings business has reached a critical milestone, according to the…
BUA Foods’ Sales Rises to N418 billion
The consumer goods company BUA Foods reported that its full-year revenue for 2022 increased by 26% to N418.3 billion from…
MTN Shareholders can Purchase Dividend-paying Shares at N232.68.
For interested shareholders, MTN Nigeria has disclosed the price per unit for its shares under the scrip dividend scheme. The…
Report: Less than 7% of African Businesses are Adopting Technology.
According to the paper that was published, economists from the World Bank and IFC examined data from a survey of…
Nigerias’ Financial Crisis Lowers Productivity in the Private Sector.
In March 2023, the private sector of the Nigerian economy saw productivity steadily decline as a result of the country’s…
World Bank: Incoming Govt Faces Weak Growth, Multiple Policy Issues
According to the World Bank, this year will bring policy issues and lackluster economic development for Nigeria’s incoming government. The…
Nigeria FG Implements 180 Business-friendly Reforms.
More than 180 reforms have been implemented by the Presidential Enabling Business Environment Council with the goal of making Nigeria…
African Development Bank Approves $525,000 Grant for Fintech Companies.
A grant of $525,000 has been authorized by the African Development Bank for an online digital hub that will act…
International Breweries Increases Revenue by 20% to N218 Billion in 2022.
For the fiscal year that ended on December 31, 2022, International Breweries Plc saw a double-digit increase in revenue from…
Insurance Industry Growth Policies are Sought by Loss Adjusters.
In order to fully utilize the potential of the insurance sector, the Institute of Loss Adjusters of Nigeria has stated…
Oando Earns a Profit of N34.7 billion.
Oando Plc, an energy firm, reported that its earnings after tax increased to N34.7 billion in the fiscal year 2021.…
Moribund Mills: Swallow N1.63 trillion in Paper Imports in Five Years
Nigeria spent N1.63 trillion on the importation of paper and related products in the last five years despite having an…
Insurance GPI Increases by 36.3% to N726.2 billion, While Claims Payments Increase by 31.2%.
The industry has seen a 36.3 percent increase in Gross Premium Income (GPI) quarter over quarter and a 17.8% year…
Paystack CEO Purchases a 55% Share in a Danish Soccer Team.
Shola Akinlade, co-founder and CEO of Paystack, has acquired a 55% ownership position in Danish second-division team Aarhus Fremad. Aarhus…
Equity net profit up 15% to record Sh46 billion.
As the most profitable lender in the area, Equity Group’s net profit for the year ended December 2022 increased by…
FCMB Initiates a N300 billion Capital Raise.
After the first tranche of the multi-tranche program was successfully completed, FCMB Group Plc, the parent company for First City…
Review the Cashless Policy, Small Business Owners Urge FG
The Central Bank of Nigeria has been requested to examine its cashless policy by small company owners operating under the…
Investors Purchase N2.61trn FG Bonds in Q1 2023 as Yield Fall Below Inflation Rate
In the first quarter of 2023, domestic investors bought N2.61 trillion worth of FGN Bonds, of which N1.89 trillion was…
NEXIM Bank and NIWA Increase Regional Trade.
The release of navigational charts for the lower River Niger in Abuja, according to the Nigeria Export-Import Bank, has boosted…
Nigeria, Japan trade hits $10b
The yearly commerce between Nigeria and Japan is $10 billion, and it is anticipated that this figure will climb as…