Business

The Central Bank of Nigeria (CBN) recorded a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign portfolio investors. The Bank’s Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, confirmed …

Successful female business entrepreneurs, have advised Small and Medium Scale Enterprises (SMEs) operators and would-be business owners to focus on meeting specific needs and self-development to create a path towards building prosperous brands in the short and long-term. Speaking during the Women’s Day edition of the United Bank for Africa …

Airtel Africa is set to host a ground-breaking ceremony to kick off the construction of its first NXtra Data Center. The event, scheduled to hold on the 12th of March 2024 at Eko Atlantic, Victoria Island, Lagos is expected to have in attendance distinguished guests, including the Governor of Lagos …

Leading food seasoning manufacturer, NASCON Allied Industries has gained more market share even as its profit after tax (PAT) rose by 151 percent to N13. 73 billion for the financial year ended December 31, 2023. A review of the company’s 2023 annual results and accounts indicated that profit after tax …

In a bid to boost start-up capital and place more resources at the disposal of aspiring young entrepreneurs in Nigeria, retail lender, Unity Bank Plc has increased the prize money for winners of its flagship Entrepreneurship Development Initiative, known as Corpreneurship Challenge to 16 million Naira per stream. Consequently, participants …

SIFAX Group, one of the leading business conglomerates in Nigeria with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services, and Hospitality, has appointed Basil Agboarumi as its new Executive Director, Corporate and Intergovernmental Affairs. Agboarumi recently completed his term as the Managing Director/CEO of the Skyway …

·       Sole Gas Supplier to Geometric Power Plant   Heirs Energies, Africa’s leading integrated energy company, has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State. Heirs Energies is a leading provider of gas to the Nigerian National Grid, and …

National telecommunications operator, Globacom, has unveiled a unique comedy service that provides a variety of video content from well-known Nigerian comedians for the entertainment of subscribers on the network. In a press statement, Globacom stated that the Glo Naija Comedy Service was created to meet the amusement and fun demands …

A group, All Youths Re-Oriented Initiative Of Nigeria (AYRION) has instituted a legal action against Dana Air over the alleged failure of the airline company to airlift its members as scheduled. AYRION said that it had dragged the airline company to court over failure to airlift its members from Abuja …

CBN Gov Yemi Cardoso and Binance Binance Nigeria has announced that it will discontinue all its Naira services from March 8 following the clampdown on the company by the federal government. Binance shared the decision in a statement on its app. The company, which is the world’s largest crypto platform, said …