Business

The Arewa Youth Assembly (AYA) has petitioned the Acting Inspector General of Police and the Department of State Security over what the group termed coordinated attacks against the top management of the Nigeria National Petroleum Corporation Limited (NNPCL) especially its Group Chief Executive Officer, Mallam Mele Kyari, and Chief Financial …

$40Million Import Duty: Nigeria Customs Investigate Arik Air In Receivership for Illicit Sale of Aircraft Nigeria Customs Service has commenced an investigation into the diversion of import duties to the tune of $40 million by the management of Arik Air in Receivership. There are indications that Arik in Receivership abused …

TAJBank   TAJBank Limited has recorded the highest Tier-1 capital in the non-interest banking sub-sector in the first half of 2023. This is according to a statement by TAJBank’s Chief Executive Officer (CEO), Mr Ahmed Joda Joda said that the audited financial statements of the bank also reflected an increase …

Strong cost pressures meant that firms operating in the Nigerian private sector remained under pressure in September. Although new order growth quickened, helping to support a renewed increase in business activity, rates of expansion in each were only modest. Input prices increased at one of the sharpest rates on record, …

 BUA Chairman, Abdul Samad Rabiu The management of BUA Group has announced a reduction in the price of its cement from N5, 500 to N3,500 effective Monday October 2nd, 2023. Recall, AbdulSamad Rabiu, chairman of BUA Group, had earlier revealed the company’s intentions to lower the price of cement in Nigeria when …

As Nigeria marks its 63rd independence anniversary, total telecommunications solutions provider, Globacom, has sent its well wishes to Nigerians, while commending their resilience. The company remarked that despite the difficulties the nation has faced in its journey  over the years, Nigerians’ tenacity since independence has kept it moving forward. In …

  The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has quizzed four senior officials in the Department of Farm Inputs Supports Services of the Federal Ministry of Agriculture and Rural Development, over alleged diversion of funds running into hundreds of millions of Naira. The Invitation was in connection with the …

Globacom, Nigeria’s leader in the provision of total digital solutions, on Friday announced the engagement of three music stars as brand ambassadors in Nigeria. The three are Asake, Kizz Daniel and Chike. The three musicians signed on as brand icons of Globacom at an elaborate and colorful ceremony conducted on …

NEPC The Executive Director of the Nigerian Export Promotion Council, Ezra Yakusak, has revealed that the key to stabilising the free fall of the naira against the dollar lies in enhancing the country’s export capacity. The PUNCH reports that the naira currently selling at over N1000/$ has continued to rise …

  The naira yesterday depreciated to N1005 per dollar in the parallel market from N995 per dollar on Tuesday. Similarly, the naira depreciated in the Investors and Exporters, I&E, window yesterday to N775.31 per dollar. Data from FMDQ showed that the indicative exchange rate for the I&E window rose to …