business
Nigeria’s vast non-oil endowment must be urgently leveraged to diversify and expand its revenue base, reduce the dependence on crude oil for foreign exchange earnings, and stimulate rapid economic growth. Policymakers, financiers, export trade experts and value chain players insisted on this in Lagos at a non-oil export trade seminar organised by First City Monument […]
Emirates Airlines has suspended flight operations to Nigeria over its inability to repatriate blocked funds. The airline in a statement made available to Channels Television on Thursday said the suspension took effect from October 29, 2022. The airline said it has communicated its position to the Federal Government and the Central Bank of Nigeria (CBN). […]
Say Nigeria spent N1.6trn on stimulus programme …as Gbajabiamila says insecurity, biggest threat to future of Africa’s youths President Muhammadu Buhari, Monday, said that the effects of COVID-19 and the conflict in Ukraine were a wake up call on the Africa continent to collaborate amongst themselves for sustainable food production. The same position was canvassed […]
The Nigerian National Petroleum Company as failed to remit any money to the federation account, a joint pool operated by the Federal, State and Local governments in the country in March.With the inability of the national oil company to contribute last month, Which means since this year, the NNPC has not funded the statutory joint […]
The International Monetary Fund (IMF) yesterday maintained that prolonged payment of petrol subsidy in Nigeria was affecting the country’s fiscal balance despite revenue increase from rise in global oil price.The Washington-based institution stated this in its latest Regional Economic Outlook for Sub-Saharan Africa titled: “A New Shock and Little Room to Maneuver,” released yesterday.It stated: […]
AIICO Managing Director Babatunde Fajemirokun said the Company broke the record as the first in the industry in Nigeria to receive this certification, which represents high information security standards that provided a wide range of requirements for information security management systems He said Information Security Management is a system that defines and manages controls that an […]
Speaking at an event to unveil the Tomato Jos sachet variant, the Managing Director of the company, Mira Mehta, said: “It is a dream come true. Though entrepreneurship is full of ups and downs, I feel encouraged whenever I see my passion for this business ignite in one of my colleagues. I am incredibly proud […]
The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; Lafarge Africa, Vitafoam Nigeria, Unilever Nigeria, Dangote Sugar Refinery and United Bank for Africa (UBA). Analysts at United Capital Plc said: “This week, we expect the equities market to remain sideways, with a bearish bias, as we do […]
The lawmaker representing Iseyin/Itesiwaju/ Kajola/Iwajowa federal constituency of Oyo State, Mr Shina Peller, says he has nothing against the presidential ambition of the All Progressives Congress leader, Bola Tinubu, contrary reports in some quarters. He made the clarification in a statement on Sunday while reacting to news reports quoting him as saying that Tinubu should […]
According to Paul, who is also an award-winning author, Africa is blessed with the right people but if they leave, it will be very difficult to build the future. Even when African countries are able to somehow recoup the fees spent on education abroad, Paul said their absence will be draining the home country of […]
A coalition of investors representing $10.4 trillion in assets under management has given the oil and gas industry a net-zero standard laying out the minimum expectation for its transition plans. Led by the Institutional Investors Group on Climate Change (IIGC) and informed by the Transition Pathway Initiative, over 20 global investors engaged with leading oil […]
During the visit, Amaechi was impressed with the company’s capacity to manufacture all types of cards including transport cards and solutions, which enable commuters to book seats and pay for fare from the comfort of their phones. Transport Payment Solutions Limited, which is an indigenous company says it is committed to demonstrate Nigeria’s capability to […]
Following the extension of its international business into Nigeria, INFOSERV People Tech is providing a 90-Day Team Productivity Accelerator for organizations. The accelerator helps teams to boost work productivity through a carefully crafted, customized training and coaching plan that is built on a rigorous diagnostics platform. An important benefit of the diagnostics process is the […]
The decentralised nature of the cryptocurrency market has different interpretations for different actors. For consumers, it means freedom from third parties like the Central Bank of Nigeria (CBN) and banks, faster transactions, and more convenience. For regulators like the CBN, it means unchartered territory, opacity, and “thin-air” transactions. But for cryptocurrency exchanges it is a […]
The Federal Government says Nigeria will continue to engage relevant stakeholders to ensure the emergence of Dr Ngozi Okono-Iweala as the next Director-General of the World Trade Organisation (WTO). A spokesperson for the Ministry of Foreign Affairs, Ferdinand Nwonye, gave the assurance in a statement on Thursday in Abuja. He noted that the third and […]
