Senate confirms nomination of Oloworaran as PENCOM DG
Omolola Oloworaran's nomination as the National Pension Commission's director-general was approved by the Senate on Thursday. In a letter to the Senate, President Bola Tinubu asked for approval of the candidate. After considering and adopting the Senate Committee on Establishment ....
Lagos govt closes Cubana Chiefpriest's restaurant
Donalds, a restaurant in the Lekki neighbourhood owned by nightlife entrepreneur Cubana Chiefpriest, has been sealed by the Lagos State Government. On Sunday, Tokunbo Wahaba, the Honourable Commissioner of the Ministry of the Environment and Water Resources, affirmed this. ....
House of Reps visit Dangote Petroleum refinery in Lagos
Led by Speaker Tajudeen Abbas, the House of Representatives leadership paid a visit to the $20 billion Dangote Petroleum refinery located in Lagos State. Around eleven a.m. on Saturday, the legislators arrived at the refinery in the Lekki Free Trade Zone in Lagos, where they we ....
Former Binance CEO Changpeng Zhao begins prison sentence in California
Changpeng Zhao (CZ), the founder and former CEO of Binance, has formally started serving his prison term in California. The former CEO of the top cryptocurrency exchange has, in fact, reported for his fourth month of incarceration at a federal prison located in the city of Lompoc. Zha ....
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Binance Executive Tigran Gambaryan denied bail
Tigran Gambaryan, the imprisoned Bi ....
FG set to remove naira from P2P platforms
The Federal Government declared that it would take the naira off of all peer-to-peer (P2P) exchanges. During a virtual conference with blockchain stakeholders on Monday, Emomotimi Agama, the Director General of the Securities and Exchange Commission, disclosed this information. ....
Binance founder Changpeng Zhao sentenced to four months imprisonment
In the most well-known cryptocurrency case, since Sam Bankman-Fried was imprisoned, the founder of the company Binance was sentenced to four months in US prison on Tuesday after entering a guilty plea to money laundering charges. As part of an agreement with US authorities, Canadian C ....
Naira depreciates in official market
Yesterday, the Naira lost N45.15 against the dollar on the Nigerian Foreign Exchange Market (NAFEM), depreciating to N1,300.15 per dollar. The indicative exchange rate for NAFEM increased to N1,300.15 per dollar from N1,234.49 per dollar last Friday, according to data fr ....
Binance executive Nadeem Anjarwalla arrested in Kenya
Nadeem Anjarwalla, the regional manager for Africa for Binance, has allegedly been taken into custody by the Kenya Police Service. According to Punch, Anjarwalla's extradition to Nigeria is a goal of Interpol, the international criminal police body, which is expected to happen ....
Diesel price falls as Dangote sells at N1,225 per litre
Following the commodity's sale by the Dangote Petroleum Refinery, the pump price of automotive petrol oil, also known as diesel, has decreased from approximately N1,700/litre, which it was selling for, a few weeks ago, to approximately N1,350/litre in some areas nationwide. On ....
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Binance executive Tigran Gambaryan sues NSA, EFCC
Tigran Gambaryan, a Binance executi ....
BIC unveils virtual art gallery in Africa
In an effort to encourage innovation and creativity in Africa, BIC has opened an art exhibition in the Metaverse.The metaverse is a virtual environment where people converse using avatars.It can be seen online with a browser or a virtual reality headset on Web3, the most rece ....
BIC unveils virtual art gallery in Africa
In an effort to encourage innovation and creativity in Africa, BIC has opened an art exhibition in the Metaverse.The metaverse is a virtual environment where people converse using avatars.It can be seen online with a browser or a virtual reality headset on Web3, the most rece ....
Naira appreciates at parallel market
The parallel segment of the foreign currency (FX) market saw an increase in the value of the naira on Monday, reaching N1,600 per dollar.From the N1,620/$ exchanged recorded on March 8, it increased by 1.23 percent.The purchase rate of the US dollar was stated by currency dea ....
Binance to discontinue services in naira
The cryptocurrency exchange Binance has declared its intention to stop offering any services associated with the Nigerian Naira.The Nigerian currency, the Naira, was allegedly exploited by the cryptocurrency exchange site Binance, which caused a wild slide in its value.In ad ....
FG imposes $10 billion fine on Binance
The Federal Government has fined cryptocurrency trading firm Binance $10 billion for allegedly impacting the nation's forex crisis.This was revealed in a Friday interview with the BBC by Bayo Onanuga, President Bola Tinubu's special advisor on communication and strategy.In Ni ....
Harvard University takes Tony Elumelu foundation as case study
In honour of the Tony Elumelu Foundation's charitable accomplishments, the Harvard Business School, the graduate business school of Harvard University, will highlight the organisation in what was called a "ground-breaking case study."The case study, which is reportedly the first of ....
Business tycoon Otedola acquires N6 billion worth of Dangote Cement shares
According to PREMIUM TIMES, billionaire tycoon Femi Otedola has acquired shares of Dangote Cement Plc worth N6 billion.The source claimed that Mr. Otedola purchased the shares under his own name.The largest cement manufacturer in Sub-Saharan Africa, Dangote Cement, just overtook tel ....
Eterna becomes official sales distributor of Dangote petroleum refinery
Nigeria's integrated energy provider Eterna PLC announced that it has been authorised to distribute the new Dangote Petroleum Refinery products domestically.According to The PUNCH, the Dangote refinery began producing aviation fuel and diesel on Friday.Eterna stated that it ....
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Prominent oil marketers get approval to sell Dangote fuel
The $20 billion Dangote Petroleum Refinery has registered the seven main oil marketers in Nigeria in order to lift and distribute refined petroleum products produced by the facility.Under the Major Oil Marketers Association of Nigeria's auspices, dealers declared on Sunday that upon ....
Dangote refinery starts aviation, fuel production
The Dangote Petroleum Refinery has started producing aviation fuel and diesel.Petrol, also known as Petroleum Motor Spirit, has not yet been produced by the refinery.Anthony Chiejina, the Chief Branding and Communications Officer of the Dangote Group, had verified the start o ....
Jumia to shut down food delivery service in Nigeria
The e-commerce company Jumia Technologies' food delivery service, Jumia Food, has declared that it will be closing its doors in Nigeria this December.By the end of the year, Jumia plans to shut down its food delivery services in Nigeria and the other six nations where it conducts business ....
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Dangote Refinery will champion energy security and independence for our nation—Femi Otedola
The Dangote Refinery, according to billionaire businessman Femi Otedola, is the "eighth wonder of the world" and will support Nigeria's energy security.Otedola claimed that the refinery would bring about economic change for present and future generations of Nigerians in a post published o ....
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Dr Olayemi Cardoso starts duty as CBN confirms Emefiele's resignation
Dr. Olayemi Cardoso, the candidate for governor of the Central Bank of Nigeria, formally started his duties on Friday.Cardoso took over as acting governor of the CBN while the Senate, which is presently in session for the annual break, considers whether to confirm him, according to a stat ....
UAU lifts visa ban on Nigerians
On Monday, the United Arab Emirates ended its lengthy prohibition on granting Nigerians visas.As a result, Etihad and Emirates Airlines will start flying again in Nigeria right away.President Bola Tinubu and President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, reached ....
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UAE to invest $4.5bn in clean energy in Africa
During a historic climate summit hosted by Kenya on Tuesday, the United Arab Emirates announced a $4.5 billion investment in sustainable energy projects for Africa. The event's goal was to attract funds for the fight against global warming.“We will deploy $4.5 billion… t ....
OANDO PLC announces acquisition of Nigerian AGIP oil company
Oando PLC and ENI have announced a deal for the full acquisition of the shares of Nigeria's AGIP Oil Company Limited.According to DAILY POST, the company Oando, made this known on Monday.“Nigeria’s leading indigenous energy solutions provider listed on both the ....
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Zenith Bank:Dr. Juliet Heimuan appointed as Non-executive Director
Dr. Juliet Ehimuan has been appointed as a Non-Executive Director of Zenith Bank Plc by the bank's board of directors, beginning August 29, 2023.The Central Bank of Nigeria has also approved the appointment, which was made public today in a statement to the Nigerian Exchange (NGX) Limited. ....
CAC to remove 100,000 companies from database
100,000 registered firms will soon be deleted from the Corporate Affairs Commission's database, according to that organisation.The Registrar-General and Chief Executive Officer of CAC, Alhaji Garba Abubakar, announced the commission's intention to remove 100,000 registered firms from its d ....
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Wema Bank lifts ban on international transactions on naira cards
Wema Bank, a lender in Nigeria, has resumed accepting naira cards for overseas transactions.The bank announced the lifting of the ban on overseas transactions made with naira cards in a letter to its clients.This implies that clients who use the bank's Mastercard can now make ....
Beyonce donated £8,000 to Nigerian restaurant in Tottenham
Beyonce Knowles-Carter, the pop star, gave £8,000 to Chuku's, a Nigerian tapas restaurant in Tottenham, as part of her $1 million commitment to help companies around the world.Ifeyinwa and Emeka Frederick, a brother and sister team, founded Chuku's, one of the 10 companies to rec ....
Buhari commissions Dangote oil refinery
Nigeria recently opened the largest oil refinery in Africa, which is expected to help with the country's ongoing fuel shortages.Nigeria is a big producer of oil, but the majority of this is exported, and it must import the refined petroleum used in cars and other machi ....
SEC blacklists six illegal e-commerce platforms
Six online trading companies have been placed on the blacklist by the Securities and Exchange Commission, a federal government agency, as part of its recent crackdown on unregistered and unlawful businesses that purport to provide investing and financial services and products.The Prohibite ....
Otedola affirms acquisition of 5.2% stake in Transcorp
The chairman of Geregu Power, Femi Otedola, has officially announced that he has purchased a 5.52 per cent share in Transcorp Plc.The change elevates the multibillionaire businessman to the position of the second-largest shareholder in the organization.There have recently bee ....
Amazon Prime premiers first African movie in Lagos
The first African original title from Amazon's Prime Video, which was shot in Nigeria, had its Lagos premiere on Thursday before making its streaming platform debut on Friday.According to a statement from Prime, the crime drama Gangs of Lagos is situated in the heart of Nigeria's commercia ....
AFDB appoints new Vice President
Marie-Laure Akin-Olugbade, a Cameroonian, has been appointed vice president of the African Development Bank's complex for regional development, integration, and business delivery.The appointment will be in place starting on April 1, 2023.The new hire, according to the bank, is a sen ....
Wema Bank announces Moruf Oseni as new MD/CEO
After approval by the Central Bank of Nigeria (CBN), Wema Bank has announced Moruf Oseni as the substantive Managing Director/Chief Executive Officer (CEO) with effect from April 1, 2023. Oseni will succeed Ademola Adebise, who has been serving in an acting capacity since January 1, 2023.O ....
FirstBank changes names of Africa, UK subsidiaries
For its subsidiaries in the UK and Sub-Saharan Africa, First Bank of Nigeria Ltd has announced a gradual corporate name change.In a statement released on Thursday under the heading "FirstBank announces a name change of its subsidiaries, reiterates its commitment to boosting cross-bo ....
Stock investors lose N13bn in one week
This week, the Nigerian Exchange Limited closed lower as investors took stock of the hike following the Monetary Policy Committee of the Central Bank of Nigeria's increase in the Monetary Policy Rate.Last week's trading activities resulted in a N13 billion drop in market capitalizatio ....
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Access Bank Zambia Limited acquires Atlas Mara
The Central Bank of Zambia has given its final regulatory permission for the acquisition and merger of African Banking Corporation Zambia Limited (Atlas Mara Zambia) into Access Bank Zambia Ltd, a subsidiary of its flagship subsidiary, Access Bank Plc.Sunday Ekwochi, the company sec ....
Stock investors lose N7bn
The market capitalization of the Nigerian Exchange Limited had days of increasing movement, but investors lost N7 billion at the end of trading on Thursday.To settle at 54,924.08 points, the All-Share Index lost 0.02 per cent of its value. Corresponding to this, the market capitalization d ....
CBN increases Monetary Policy Rate to 18%
The Monetary Policy Rate (MPR) of the Central Bank of Nigeria (CBN) has been raised from 17.5 percent to 18 per cent by the Monetary Policy Committee (MPC).This was said on Tuesday by CBN Governor Godwin Emefiele while reading the communique that the MPC released at the conclusion of its 2 ....
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Investors lose N313bn as market cap falls
The Nigerian Exchange Limited lost N313 billion, dropping to N29.915 trillion, less than a month after reaching a market value of N30 trillion.The market cap decreased by 1.04 percent, matching the All Share Index's decline of 574.59 basis points to close at 54.915.61 in perc ....
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Dangote Sugar appoints Lawan Wabi as new director
Yabawa Lawan Wabi has been appointed by the board of Dangote Sugar refinery plc as an independent non-executive director.The nomination was authorized by the board during its meeting on February 28, 2023, according to a corporate notification signed by Temitope Hassan, the company s ....
FirstBank announces Seyi Oyefeso as executive director
Oluseyi Oyefeso has been appointed by FirstBank as Executive Director, Retail Banking South, effective March 2, 2023.The new executive director was previously the group executive of Retail Banking South, according to the bank.The Chief Executive Officer of FirstBank Group, D ....
Naira Scarcity: Report says private businesses may suffer in Q1
According to data from the Stanbic IBTC Bank's February Purchasing Managers' Index, the private sector may have suffered midway through the first quarter of the year as a result of the nationwide cash shortage in February.You may remember that Nigerians experienced a fuel and naira shortag ....
Afreximbank's FEDA obtain 5% stake in Geregu Power Plc
A 5% interest in the electricity-generating company Geregu Power Plc has been purchased by the Fund for Export Development in Africa (FEDA).The impact development division of the Africa Export and Import Bank is called FEDA (Afreximbank).Akinleye Olagbende, Geregu's secretary, provi ....
Stock Market: Market value losses N37bn
Following a six-day consecutive bullish run on the floor of the Nigerian Exchange Limited, the stock market had a N37 billion loss on Tuesday due to profit-taking activities.The All-Share Index lost 67.98 absolute points, or 0.13 percent, to end the day at 54,299.76 points.Si ....
Gates Foundation donated $35m to African farmers
The Bill & Melinda Gates Agricultural Innovations has awarded a $35 million grant to a Cambridge University-led effort to create self-fertilizing crops for African farmers.The $35 million will fund the Engineering Nitrogen Symbiosis for Africa research program over the following fi ....
Skills contest to come up on April 26
The annual technical and vocational skills competition, conference, and expo, known as SkillFest, will take place between April 26 and 28 at the International Conference Centre in Abuja, according to the social enterprise and skill advocate for Nigeria, iCreate Africa.Through its el ....
6 Simple Tips to Help You Save Money Every Month
Saving money can help you build your financial security, thereby helping you to reach your goals. Plenty of people find it difficult to manage their income, and so they end up spending more money on unnecessary and avoidable things. Making a budget and sticking to other savings tips will h ....
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CBN launches new domestic card to enhance e-payment
The Nigerian National Domestic Card Scheme was introduced by the Central Bank of Nigeria on Thursday in an effort to strengthen the nation's electronic payment infrastructure.The Central Bank Governor, Godwin Emefiele, said the card would assist to lower operating costs, and charges ....
Africa's economic growth for 2023-2024 projected to be stable– Akinwumi Adesina
According to a forecast by the African Development Bank Group, over the next two years, Africa's economic development will outperform that of the rest of the globe.The real Gross Domestic Product of the continent was predicted to grow by an average of 4% in 2023 and 2024, higher than the ....
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2023 National Tourism Transport Summit to hold in April
The National Tourism and Transportation Summit and Expo (NTTS & E), a combined tourism and transportation national event, will take place from April 3–4, 2023, at the Abuja International Conference Centre (ICC), Abuja, with the theme: "AfCFTA: Exploring Intra-African Trade, Tour ....
Dangote Cement Plc appoints Arvind Pathak as company's CEO
Arvind Pathak has been appointed as Dangote Cement Plc's new chief executive and managing director, the business announced in a notice posted on the website of the Nigerian Exchange on Thursday.Mr. Pathak will succeed Michel Puchercos, a Frenchman who will leave the cement manufactu ....
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Africa's GDP growth is higher than the projected world averages– Akinwumi Adesina
Dr. Akinwumi Adesina, president of the African Development Bank (AfDB), claims that the bank forecasts a 4% increase in Africa's Gross Domestic Product (GDP) between 2023 and 2024.Adesina made the discovery on Thursday in Abidjan, Côte d'Ivoire, during the virtually inaugurated f ....
Sam Bankman-Fried demands bail deal
According to persons familiar with the situation who spoke to CNN, Sam Bankman-attorneys Fried's are negotiating with federal prosecutors in New York on a bail deal that would allow him to avoid detention.Bankman-Fried, the creator of the FTX cryptocurrency exchange who ran his now- ....
Addax workers stop work, Nigeria's oil production drops
The protest by 324 Addax Petroleum employees from Nigeria, which had been put on hold in August, has started up again.The change has impacted the nation's oil production, which dropped from over 1.5 million barrels per day in 2021 to over 1 million barrels per day now.The oi ....
OPEC output slash purely to balance supply and demand
While the United States cautioned that the move would have repercussions, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) defended their action of reducing output by saying it was a firm agreement.Timipre Sylva, Nigeria's state minister for petroleum resources ....
FG announces that Dangote, Kogi have agreed to open Obajana cement facility
The federal government reports that the Kogi state government and Dangote Group have struck a deal to reopen the Obajana cement facility.At the conclusion of the national security council meeting on Friday in Abuja, Mohammed Dingyadi, the minister of police affairs, confirmed this t ....
MTN set to provide 365,000 phones through financing scheme
By 2023, MTN Nigeria Communication Plc expects to provide smartphones to 365,000 Nigerians.The telecommunications company plans to accomplish this through its relationship with Intelligra for device financing. People will have the chance to purchase cellphones with the "a buy now, pay late ....
Principal Executive Officer of Block, Jack Dorsey, to speak at Africa Bitcoin Conference in Accra, Ghana
As a keynote speaker, Jack Dorsey, chairman of Block and co-founder of Twitter, will appear at the inaugural Africa Bitcoin Conference in Accra, Ghana, from December 5–7, 2022.Co-founder of Twitter, Dorsey now leads Block, a group of fintech businesses that includes ....
Femi Otedola's electricity company gets listed on NGX Main Board
The Nigerian Exchange Limited announced the listing on Wednesday by welcoming Femi Otedola, the billionaire businessman who chairs Geregu Power Plc, to the Main Board of the Exchange.The first GenCo to be listed on the NGX Main Board, a listing section for well-established businesses with ....
NNPC acquires Oando stations
On Saturday, the Nigerian National Petroleum Company Limited announced that it has acquired OVH Energy Marketing, the owner and manager of retail service stations under the Oando brand.Speaking about the development in Abuja, Margery Okadigbo, Chairman of NNPC Limited, stated that ....
Wabote reveals Nigeria secures $7b yearly from sector industry spending
According to Simbi Wabote, executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Nigeria now keeps $7 billion out of the $21 billion it spends on the oil and gas sector each year.On the sixth anniversary of his initial appointment as the Executive Secretary ....
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Crude Oil Production: OPEC says Angola has overtaken Nigeria
According to the Organization of Petroleum Exporting Countries, Angola and Libya overtook Nigeria by producing more crude during the review month, causing Nigeria's oil production to fall to 972,000 barrels per day in August 2022.This information was provided by OPEC in its September 2022 ....
Elon Musk demands postponement of Twitter trial
Elon Musk's attorney argued to the judge on Tuesday that a trial on his attempt to end his $44 billion deal with Twitter should be postponed for a few weeks so that Musk can look into allegations of security on the social media site made by a whistleblower.Alex Spiro, Musk's attorn ....
EU prepared if Russia ceases gas supply
Paolo Gentiloni, the commissioner for the economy of the European Union, stated on Saturday that because of storage capacity and energy-saving measures, the European Union would be "well prepared" in the event that Russian gas deliveries were completely stopped.On the sidelines of an econ ....
Fidelity bank's revenue hits N155 billion, profit increases by 21%
According to its audited financials, which were seen by PREMIUM TIMES, United States' Global X Management-backed Fidelity Bank reported a net profit for the period from January through June that was 21.7% higher than a year ago. On Tuesday, the bank announced a binding agreement to fully acquire ....
Dangote set to cut importation of sugar by 40%
The management of Dangote Sugar Refinery Plc has stated that it plans to cut back on sugar imports by 40%.Aliko Dangote, the president of the Dangote Group, announced in a statement that the company was starting Phase II of its sugar project, which would encompass more than 100,000 ha and ....
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AFDB says Africa's infrastructure rose to $19 billion in 2020 due to private sector investment
The private sector's investment in Africa's infrastructure rose by a staggering $19 billion in 2020, a 23% increase, the highest level since 2016.According to NAN, Mr. Solomon Quaynor, Vice President for the Private Sector, Infrastructure, and Industrialization at the African Development B ....
McDonald's set to reopen restaurants in Ukraine
Despite the fact that the conflict with Russia is still going on, McDonald's Corp. (MCD.N) announced on Thursday that it intends to reopen its outlets in Ukraine over the next months.After Moscow invaded the nation of eastern Europe in March, the largest burger company in the world ....
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8th African Fintech Summit set to host in Cape Town
WASHINGTON, District of Columbia, August 3, 2022, /African Media Agency/- Leading innovators, investors, and policymakers will assemble in Cape Town, South Africa, in November 2022 for the 8th edition of the Africa Fintech Summit (AFTS). The summit will be held in the Cape Town International Conv ....
BII, DFI To Invest In African Infrastructure
African Infrastructure Investment Fund 4 (AIIF4), which is run by African Infrastructure Investment Managers, has received a $116 million commitment from Development Finance Institutions (DFI), British International Investment (BII), and FMO (AIIM).They want to help AIIF4 raise the ....
Jindal Savitri: The richest female in Asia
Indian Savitri Jindal, who has accumulated a fortune of $11.3 billion, is the wealthiest woman in Asia. She is the owner of the conglomerate Jindal Group, which engages in industries like metals and power generation.Yang Huiyan, a Chinese real estate magnate, was surpassed by Savit ....
EABC, Afreximbank takeoff Trade, Investment Council
African Export-Import Bank (Afreximbank) and the East Africa Business Council (EABC) have launched the EABC – Africa Trade and Investment Council, to create a platform for engagement and investment between the East Africa Community (EAC) and the rest of Africa.The initiative ambitio ....
MTN Nigeria applies for N200 billion Bond Issuance Program
MTN Nigeria Communications Plc has applied to the Securities and Exchange Commission to register a new N200 billion Bond Issuance Program.This was included in a disclosure filed on the stock exchange by MTN Nigeria Communications Plc to register a follow-on N200 billion Bond Issua ....
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Aero Contractors halts operations due to economic crisis
Nigeria's oldest airline, Aero Contractors, has temporarily suspended operations due to the economic crisis.According to The PUNCH, airlines in Nigeria are lamenting the skyrocketing price and shortage of jet fuel, Jet A1, with many threatening to shut down.In the statement announci ....
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Adefunke Adeyemi Appointed as New Secretary General of AFCAC
The African Civil Aviation Commission (AFCAC) has appointed Ms Adefunke Adeyemi as the Commission's new Secretary General.According to a press release from the panel, Ms. Adeyemi's election was announced on July 15, 2022 at the 34th AFCAC Plenary Session in Dakar, Senegal, and it wa ....
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Elon Musk halts $44bn Twitter deal
Elon Musk, the billionaire founder of Tesla Inc., says he's ending the $44 billion Twitter deal, adding that the social media company has failed to provide information about fake accounts on the platform.Musk said so, according to Reuters on Friday.The development comes after ....
e-cons system opens new location in Bengalore
Embedded vision camera maker e-con Systems announced Monday that it is in the final stages of raising $10 million in funding from private equity (PE) investors after recently launching a new centre opened in Bangalore.Headquartered in Chennai, the company aims to increase its workf ....
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Multichoice subscription revenue: Nigeria leads other African countries
Despite high inflation, fuel shortages and frequent power outages in Nigeria, South African pay-TV operator MultiChoice Group's full-year 2022 results showed Nigeria leading the Rest of Africa (RoA) in subscription revenue percentage and year-on-year subscription growth.Nairametrics ....
Europe transitions from Russian gas, West Africa's opportunity to fill the gap
 Europe's shift from Russian gas offers a ready and lucrative market for a huge project being developed in West Africa, Mauritania's oil minister said on Thursday.As Russia has reduced gas supplies to Europe and Europe seeks to limit its reliance on Russian gas, Africa has an opportuni ....
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#20 per share dividend approved by Dangote Cement shareholders
Dangote Cement Plc shareholders have commended the company's management for an impressive performance in fiscal 2021 despite the economic challenges. They also approved the directors' proposed dividend of N20 per share for the year ended December 31, 2021, up from the N16 paid in the prior ....
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Cadbury Nigeria experiences challenges in accessing foreign exchange
Cadbury Nigeria acclaims that it has faced huge challenges in sourcing US dollars for the importation of key raw and packaging materials as well as machinery and spare parts. This was stated by the Managing Director, Mrs. Oyeyimika Adeboye in a statement which was issued by Frederick Mordi ....
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Federal Government's Backward Integration Policy Supported By Dangote Sugar Refinery Plc
Dangote Sugar Refinery Plc has expressed its commitment to making backward sugar integration a reality. Company Chairman Aliko Dangote, speaking at Dangote Sugar Plc's 16th Annual General Meeting in Lagos on Wednesday, said it was the best thing that had happened to the sector. He said that despi ....
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Former CBN director Okunronmu advises MPC on fiscal policies to adopt to tackle the economy's rising inflation
Okunronmu, also a former CBN director, advised in an interview with the Nigeria News Agency (NAN) on Monday in Ota, Ogun, ahead of the two-day Monetary Policy Committee (MPC) meeting. NAN reports that the MPC will begin a two-day meeting today to decide on germane measures for stream ....
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MTN records fintech revenue rises by 46.5 percent
According to the company's financial results for the first quarter of 2022, its fintech revenue also increased by 46.5 percent to N20.8 billion due to increasing adoption of its fintech services and expanded user base. Since the company received its final approval from the Central Ban ....
Elon Musk puts Twitter deal on hold
Tesla Inc Chief Executive Elon Musk said plans to buy Twitter have been temporarily put on hold.Musk announced via his Twitter handle on Friday.The text of his post on Twitter reads: "Twitter deal temporarily on hold pending details supporting calculation that ....
How my business started with N30,000
I know it will sounds strange and unbelievable but I did started with N30,000As a fresh graduate in year 2000 all I had was N30,000Â made a decision to work for myself with a determination to multiply it based on my understanding from the book "Poor Dad, rich Dad" by @robertkiyosaki. ....
Hello, I'm
Aishat Akinbami
I'm a content writer. I'm passionate about creating compelling content that connects with readers and inspires them to take action. My writing focuses on topics related to technology, business, lifestyle, travel, news articles, and more. I have a knack for finding the perfect words to convey a message, and I'm constantly reading, researching, and learning about new topics. I also love to stay up to date on the latest content marketing trends and best practices.
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