Business

  By Grace Alegba   The First Bank of Nigeria Limited, with Rotary Club International, District 9110, has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various trades. The News Agency of Nigeria (NAN) reports that start-up kits distributed included: grinding machines, plumbing …

President of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote has called for increased investments in the African continent to foster its rapid growth and development. Speaking at the largest gathering of private sector leaders in Africa, the Africa CEO Forum in Kigali, Rwanda, Dangote emphasized that recent trends …

The Founder of Stanbic IBTC, Atedo Peterside, has told the Federal Government that it is impossible to force the naira to appreciate against the dollar and other currencies in a hurry. The Founder of ANAP Foundation made this known on a Channels Television programme: “Politics Today,” on Thursday. While he …

The Central Bank of Nigeria (CBN) has once again increased the rate to calculate customs import duties at the nation’s ports and airports. Customs duties are taxes and levies paid on goods imported into the country. The duties are paid through a commercial bank to the Nigeria Customs Service, which …

The Nigerian Communication Commission (NCC) has announced the temporary suspension of three communication licenses. The suspended categories namely Interconnect Exchange License; Mobile Virtual Network Operator License and Value Added Service (VAS) Aggregator License will seize operation over market competition, saturation amongst them. The commission in a post on its X …

The Federal Airport Authority of Nigeria (FAAN) has commenced tollgate payment or E-Tags payment for all travellers at the 24 Federal Airports nationwide, starting from Friday, May 17, 2024. The authority disclosed this on its official X handle at midnight Thursday, May 16, 2024. According to FAAN, the development complies …

Abbey Mortgage Bank Plc has been cleared of allegations regarding insider trading during a closed period, as initially stated in the Nigerian Exchange’s X-Compliance Report. After a review of the circumstances surrounding the case, the Nigerian Exchange (NGX) has decided not to enforce any penalties against the bank. The initial …

Emirates will resume services to Nigeria from 1 October 2024, operating a daily service between Lagos and Dubai, and offering customers more choice and connectivity from Nigeria’s largest city to, and through, Dubai. The service will be operated using a Boeing 777-300ER. EK783 will depart Dubai at 0945hrs, arriving in …

As reported on this page last week , the National Pension Commission (PenCom) recently issued the maiden Consumer Protection Framework for the Nigerian pension industry. Previously, we highlighted pension consumer rights and enforcement mechanisms as captured in the Framework. In this publication, we continue the discussion on the key highlights of the …

Governor of Osun State Governor, Senator Ademola Adeleke, has advised Globacom and other telecoms companies to strengthen ties with the states, which he describes as subnational entities  where the company’s market lies. The Governor  who made the remarks when he received a Globacom team in his office in Osogbo, also …