Business

Dr. Jamila Ibrahim The Nigerian Youth Parliament has advocated for more budgetary allocation to the Federal Ministry of Youth to fund more youth development initiatives, especially at this time that the ministry was separated from Sports. The Speaker of the parliament, Azeezat Yishawu, made the call immediately after a meeting …

Management of Dangote Industries Limited (DIL), have revealed that the company has so far repatriated over USD576,008,672.41 through various banks in Nigeria, in addition to a USD$111,968,109.38 cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines; thus saving the same amount that would have been paid by the Central …

Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices.   It gave the warning following claims in some sponsored reports in the online media, suggesting …

  Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices.   It gave the warning following claims in some sponsored reports in the online media, …

By Olutayo Irantiola   In the last few weeks, many markets across Lagos State have been locked and opened by the Ministry of Environment and the Lagos Waste Management Authority (LAWMA). There is no gainsaying that these markets are due for closure. However, what next after the re-opening of the …

LAGOS.3.11.2023. Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, an indication of business growth and customer confidence in the Bank.   A review of the lender’s …

The distress of Polaris Bank may be far from over, this is as multi-billion-naira loans granted to six directors (inclusive of a former MD) of the bank without documented collaterals, are yet to be recovered. The distress enveloping Polaris Bank may be far from over, this is as multi-billion-naira loans …

The Nigerian Government through the Federal Inland Revenue Service (FIRS) has issued a seven-day ultimatum to BUA Industries Limited to reconcile with the government or pay N198.7 billion arising from non-compliance with income tax laws and VAT returns remittance. The tax liability is for 2022. A letter addressed to the …

African Voices Playmakers, the 30-minute magazine programme sponsored by Globacom on CNN International, will this weekend feature two high profile architects who have successfully created more inclusive places for people to live, work, and play. The guests who will be on the programme include Nigeria-born Tosin Oshinowo and  Luyanda Mphalwa, from South Africa. …

Under the Contributory Pension Scheme (CPS), pension funds have emerged as a formidable force in addressing the infrastructure financing gap in Nigeria, providing essential support for the development of vital projects throughout the country. As pension funds increasingly establish themselves as a viable alternative source of infrastructure funding in Nigeria, …