Business News
17 Apr
Afriland Properties Plc has urged the Federal Government to intervene in the housing sector and ensure that people borrow for mortgage properties at a reduced rate over a long period of time to bridge nation's huge housing deficit.
17 Apr
The Group Managing Director and Chief Executive Officer of UBA Plc, Oliver Alawuba, said 2023 was marked by geopolitical tensions, inflation spikes, and the transformative emergence of technologies such as generative AI, yet, the bank not only
17 Apr
The financial services industry (measured by volume) dominated in volume terms at the end of last week's transactions with 859.6 million shares valued at N20.6 billion in 12,297 deals, contributing 75.9 per cent to the total equity turnover.
17 Apr
As we approach the midpoint of the third decade of the 21st century, the global economic landscape is poised for a profound shift, with Africa at its heart. Africa stands out as the continent with the most rapidly expanding and youthful population.
16 Apr
Nigeria’s economy is projected to grow to 3.3 per cent this year, while it may recede to 3.0 per cent in 2025. In its latest World Economic Outlook report, ‘Steady but slow: Resilience amid divergence,’ the International Monetary Fund said that Nigeria’s economy is expected to better 2023 growth which was pegged at 2.9 per…
16 Apr
The Management Recruitment Group (MRG Global), a leading UK-based executive search firm with an international presence, has announced its expansion into Africa, solidifying its commitment to providing exceptional talent solutions worldwide. MRG Global specialises in senior appointments in real estate and facilities management across diverse sectors globally. With a central hub in South Africa and…
16 Apr
The Federal Government has created an Incentive Monitoring and Evaluation Platform (IMEP) aimed at cutting down the cost of tax expenditure and ensuring tax incentives positively impact the economy.
16 Apr
As of quarter one, 2024, the National Identity Management Commission (NIMC) has issued 105 million National Identification Numbers (NINs) to Nigerians.
16 Apr
With expectations that the drop in the dollar-to-naira exchange rate would lead to a reduction in the cost of goods and commodities quickly, traders and consumers have lamented that they are yet to feel the impact on their wares, as the cost of household items keeps skyrocketing.
16 Apr
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as market capitalisation depreciated by N304 billion, amid losses in banks stocks.
16 Apr
The Nigerian Society of Engineers (NSE) has bemoaned the lack of access to capital and patronage by the government at various levels.
16 Apr
Before a leader creates a management system, he or she must first appreciate the idea that this concept was designed to solve certain challenges and it’s a tool for achieving the corporate goals of an organization.
1 day ago
In a significant strategic shift, LandWey Investment Limited, a leading player in Nigeria's real estate sector, is setting its sights on a public listing, following a bold attempt to acquire UPDC in 2020. According to a statement made available to the media on Wednesday, in Lagos, the property development company said the move marks a…
1 day ago
The Managing Director of Nigeria Breweries Plc, Hans Essaadi, said the fact that the naira has shown some appreciation against the dollar in recent weeks has had little or no impact on input cost.
1 day ago
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, said the recently-launched Tingo Cola and Tingo Electric energy drink would not only deepen local content principles and compete locally with other exportable brands but would also provide employment to hundreds of youths in the country.
1 day ago
Despite the abundance of raw materials needed for self-sufficiency and the production of pulp and paper in the country, Nigeria is still missing out on the massive income to be made on the production, sale and export valued at $360 billion.
1 day ago
To halt the fresh panic building over the fate of the naira, the Central Bank of Nigeria (CBN) is set to disburse another tranche of liquidity intervention to 1,583 Bureau de Change operators.
1 day ago
Oil-producing communities in Niger Delta have called for transparency and accountability in the ongoing divestment of oil and gas assets in the region.
1 day ago
The Presidential Enabling Business Environment Council (PEBEC) in its 2023 Business Facilitation Act (BFA) has adjudged the Nigerian Content Development and Monitoring Board (NCDMB) and the Standards Organisation of Nigeria (SON) as best in business facilitation, with 29 agencies scoring below 50 per cent.
1 day ago
Daniel Oyeduntan, a seasoned professional with about a decade of experience in data science and machine learning, is capturing the attention of the technology industry across EMEA.
1 day ago
With a focus on maximizing production from the hydrocarbon assets to enhance revenues and meet production quota, the Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner in the Awoba Unit Field, Newcross Exploration and Production Limited, have resumed production from the field with an initial average production of 8,000 barrels per day (bpd)
1 day ago
The Nasarawa State government said it is leveraging industrial, agricultural and mining potential for inclusive and sustainable wealth creation in a bid to drive its industrialisation agenda and position the state as an economic hub.