Business

Stakeholders across the organized private sector in Nigeria have raised concerns over proposals to increase the Sugar-Sweetened Beverage (SSB) tax, citing significant setbacks that will grossly impact the already struggling sector. They argue that the proposals for a tax hike is contentious at best considering Nigeria’s existing economic challenges. With …

Telecommunications services provider, Globacom, has unveiled a strategic business solution, “Glo Outsource Pro”, which lets organizations focus on their core skills while outsourcing some of their non-core operations. This approach improves productivity and lowers expenses while also improving customer experiences. The “Glo Outsource Pro” enables companies to delegate specific operational …

  Spotlights Role of African Philanthropy in Transforming the Development Agenda in Africa   At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation …

Price pressures intensified in the Nigerian private sector during February and were unprecedented in over a decade of data collection. Both input costs and output prices increased at the sharpest rates on record, with rising prices impacting demand. As a result, rates of expansion in output and new orders slowed …

…sales from African subsidiaries rose by 12.7% In line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of an enhanced return on Investments to all the shareholders and other stakeholders in Dangote Cement, Plc, the company’s Management for the year ended December …

Zion, a non- denominational prayer ministry, had its first official outreach programme on February 24 in Abuja. The gathering was literally an earthquake on FCT grounds, beginning from the Airport with the multitude and long convoy of vehicles that came to welcome the Spiritual Director, Evangelist Ebuka Obi. The one-day …

Jose Peseiro has confirmed he is no longer the  Manager and coach of the Super Eagles of Nigeria. This comes following the expiration of his contract just after the recently concluded 2023 Africa Cup of Nations(AFCON). The Portuguese tactician, in a series of tweet on his X account on Friday, …

The Nigerian Government has demanded $10 billion as a fine from a popular cryptocurrency trading platform, Binance. This was confirmed by Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, on Friday morning in an interview with the BBC. The presidential aide said the fine was demanded …

Bank depositors whose accounts do not have a Bank Verification Number (BVN) or National Identity Number (NIN) or both risk having them frozen in compliance with the Central Bank of Nigeria’s (CBN) directive which takes effect on Friday, March 1, 2024. The apex bank on December 2, 2023, directed all …

About 11.2 million active Subscriber Identity Module (SIM) cards yet to be linked to their owners’ National Identity Numbers (NINs) will be blocked today. Telecom operators, who confirmed this to Daily Trust yesterday, said this was in compliance with the directive by the Nigerian Communications Commission (NCC). The Executive Vice …