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Friday, Jul 26

20

The Comprehensive Care Offered by Assisted Living Facilities

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Assisted living facilities have come a long way. They’re not just places where older folks go to live out their golden years. These days, they’re vibrant communities that offer a wide range of services. From health care to social…

19

Onne Customs Command Generates Over N312bn in Six Months

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By Bon Peters The Nigeria Customs Service (NCS), Port Harcourt Area 11 Command, Onne Rivers State, says it has intercepted seven containers of illicit drugs worth over N11 billion and collected over N312 billion in six months of the year…

18

De-marketing of Nigeria as an Investment Destination: The NNPC–Aliko Dangote Saga

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By Victor Oladokun I’ve read with either great interest or dismay, several informed and uninformed comments about the current Aliko Dangote – NNPC brouhaha. Make no mistake about it. This is a battle that has gone viral and taken the…

Interswitch, Thales Launch CipherTrust Data Security Solution

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By Modupe Gbadeyanka An advanced data security solution designed to protect organisations from data breaches and threats has been launched by Interswitch and Thales. The new platform, CipherTrust Data Security Solution, was unveiled at a…

17

Nigeria’s Revenue-to-Debt Service Ratio Now 68%—Wale Edun

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By Adedapo Adesanya Nigeria’s revenue-to-debt service ratio declined from 97 per cent in 2023 to 68 per cent in 2024, indicating a reduction in the debt burden of the government, the Minister of Finance, Mr Wale Edun has disclosed. Debt…

15

Job Applicants Crash NNPC Recruitment Portal After Advertisement

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By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited has announced that its job application portal is currently experiencing downtime due to an ‘unprecedented’ surge in traffic after it announced a recruitment…

14

Facebook Organises Workshop for Mark Angel, Brain Jotter, Others

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By Modupe Gbadeyanka Over 20 content creators were put under a roof in Lagos by Facebook at a workshop to equip them with the knowledge and resources needed to earn from the engaging content they share – whether it’s a Reel or longer video…

MTN Nigeria Introduces Flexa Bundle for Apple Music Users

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By Modupe Gbadeyanka A data bundle plan tailored to make listening to music on the internet seamless without the need for regular data balance checks has been introduced by MTN Nigeria. The leading telecommunications provider unveiled a…

Activities at Nigeria’s Seaports Drop 4.3% Drop in Six Months

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By Adedapo Adesanya Nigeria witnessed a 4.3 per cent drop in the number of ships that called at the nation’s seaports in the first half of the year 2024 as a total of 251 vessels berthed at the ports between January and June 2024 as the…

13

The Growth and Growth of Family-Owned Businesses: the Two Key Pillars of Success

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By Kyra Motley and Chelsea Turner Africa has seen an exponential growth of family-owned businesses (FOBs) in recent years, aligned with a fast-growing ultra-high-net-worth population – a trend that is set to continue on an upward…

TeonEngine Unveils Platform to Drive Marketing for Businesses Brands

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By Adedapo Adesanya TeonEngine has marked a pivotal moment in the marketing technology industry with the grand unveiling of Teonsuites, a comprehensive suite of solutions that empowers brands, businesses, and agencies at every stage of…

GCR Affirms Dangote Cement’s National Scale Long-Term Issuer Rating

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By Aduragbemi Omiyale Dangote Cement Plc’s national scale long-term issuer rating of AA+(NG) has been affirmed by GCR Ratings, a notable rating company recently acquired by Moody’s. This was due to the cement maker’s strong earnings and…

Lafarge Africa Introduces Low-Carbon Multipurpose Cement COPlanet Unicem

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By Aduragbemi Omiyale An environment-friendly cement manufactured with over 30 per cent reduction in CO2 emissions has been introduced by one of the leading players in the landscape, Lafarge Africa Plc. The innovative product, known as…

10

Tinubu Seeks Stronger Business Bond With China

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By Adedapo Adesanya President Bola Tinubu has promised to further strengthen the 50-year old business relations between Nigeria and China. A statement by Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, said…

Unlisted Securities Exchange Makes 0.01% Drop

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By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange slid by 0.01 per cent on a drop in the stock price of UBN Property Plc on Thursday, July 25. UBN Property Plc depreciated by 2 Kobo during the trading session to…

FX Liquidity Squeeze Sinks Naira to N1,603/$1 at NAFEM

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By Adedapo Adesanya It was not a good day for the Naira in the Nigerian Autonomous Foreign Exchange Market (NAFEX) as its value weakened against the US Dollar for a third straight session on Thursday by 1.08 per cent or N17.09 to quote at…

09

Crude Oil Slips on Weak Chinese Demand Outlook

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By Adedapo Adesanya Crude oil went down on Thursday, with Brent down by 91 cents or 1.1 per cent to $80.80 a barrel and the US West Texas Intermediate (WTI) declining by 85 cents or 1.1 per cent to $76.74 per barrel. The decline was…

Customs Street Loses 0.21% on Investment Portfolio Recalibration

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By Dipo Olowookere The Nigerian Exchange (NGX) Limited further went down by 0.21 per cent on Thursday as investors began to shift attention to the fixed-income market, where there are more attractive rates. It was observed that Customs…

08

Manufacturers Warns Against Further Interest Rate Hikes

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By Adedapo Adesanya The Manufacturers Association of Nigeria (MAN) has reacted to the latest increase in the benchmark interest rate by 50 basis points by the Central Bank of Nigeria (CBN). The group warned that any further hike in the…

Thursday, Jul 25

20

Ohanaeze President-General Emmanuel Iwuanyanwu Dies at 81

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By Aduragbemi Omiyale The President-General of a prominent socio-cultural group in the southeastern part of Nigeria, Ohanaeze Ndigbo, Mr Emmanuel Iwuanyanwu, has died. According to reports, the foremost businessman died on Thursday in…

19

Nigeria Protects Oil Infrastructure with $1.5bn in Four Years

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By Adedapo Adesanya Over $1.5 billion was used from 2020 to date to protect the nation’s oil installations and curb crude oil theft, the Secretary of the Government of the Federation (SGF), Mr George Akume, has said. Mr Akume, represented…

Canon, WISCAR Train Female Content Creators, Others in Lagos

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By Modupe Gbadeyanka For about a month, about 15 women in the print and imaging sectors underwent a training programme facilitated by Canon in collaboration with Women in Successful Careers (WISCAR) in Lagos. The workshop tagged Women Who…

Lagos GDP Now N41trn—Commissioner

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By Adedapo Adesanya The Commissioner for Commerce, Cooperatives, Trade and Investment in Lagos State, Mrs Folashade Ambrose-Medebem, has said the state’s gross domestic product (GDP) has grown from N27 trillion to N41 trillion within five…

18

Moniepoint Calls for Collaborative Initiatives to Broaden Financial Access

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By Modupe Gbadeyanka Nigeria can quickly achieve robust financial and economic inclusion if stakeholders from the private and public sectors work together, the chief executive of Moniepoint Incorporated Group, Mr Tosin Eniolorunda, has…

FG Eyes 50,000 Jobs from FCT Agro-Processing Zones Project

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By Adedapo Adesanya The federal government is targeting the creation of 50,000 jobs in the Special Agro-Industrial Processing Zones (SAPZ) project direct and indirect jobs in the Federal Capital Territory, Abuja. The FCT Minister of State,…

PROMAD Deepens Accountability, Participation in Governance in Nasarawa

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By Modupe Gbadeyanka A non-profit organisation, PROMAD Foundation, has taken a significant step to deepen accountability and participation in governance in Nasarawa State through a project called Strengthening Participation, Accountability…

15

Intron Health Raises $1.6m to Build AI for Global Health

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By Adedapo Adesanya Intron Health, a health tech company that provides clinical speech recognition for over 200 accents spoken in developing countries, has raised $1.6 million in a pre-seed funding round. The round was led by Microtraction…

Sustainable Business Practices: How Going Green Can Improve Your Bottom Line

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In a state-of-the-art business environment, sustainability isn’t always a moral vital but additionally a strategic gain. Companies that include inexperienced practices in their operations can experience considerable financial blessings.…

Eni Confirms Regulatory Approval to Sell Agip Oil to Oando

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By Adedapo Adesanya Italian Oil Major, Eni, has confirmed the approval of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to sell its unit, Nigerian Agip Oil Company (NAOC), to Oando. This is contained in a statement from the…

13

APC National Secretary Ajibola Basiru Rejects NBS Inflation Figures

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By Aduragbemi Omiyale The National Secretary of the ruling All Progressives Congress (APC), Mr Ajibola Basiru, has rejected the inflation figures of the National Bureau of Statistics (NBS). Last Monday, the agency, which is under the…