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20

Experts Task Fintech Firms to Develop Resilient Business Models

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By Aduragbemi Omiyale Financial technology (fintech) companies have been charged to work toward developing resilient business models, which should be built around quality service delivery. This advice was given at a workshop in Lagos…

Airtel Nigeria Leads Telecom Market Surge

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In a recent revelation from the Nigerian Communications Commission (NCC), Airtel Nigeria has emerged as a standout performer in the country’s telecommunications sector, marking significant gains in market share over the past year.…

LCCI Seeks Increased Productivity in Nigeria’s Solid Minerals Sector

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By Adedapo Adesanya *Targets 3% Contribution to GDP The Lagos Chamber of Commerce and Industry (LCCI) has called for optimal performance in Nigeria’s solid minerals sector, which contributes less than 0.5 per cent of the country’s gross…

15

Nigeria, Japan Signs MoU on Rice Seeds Production Systems, Diagnostic Capacity

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By Adedapo Adesanya Nigeria and Japan have signed a Memorandum of Understanding (MoU) on the enhancement of rice seeds production system and diagnostic capacity in Nigeria. The Minister of Budget and Economic Planning, Mr Atiku Bagudu,…

Retail Banks Well-Positioned for Success in Mobile Wallets—Report

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Earlier this week in Nairobi, Kenya Interswitch Group, one of Africa’s most influential payment players formally unveiled their 2024 Global Payments Innovation Jury Report, a significant research effort into the outlook for innovation in…

14

Uncomfortable Truth: Africa Supports Ukraine’s Sovereignty and Territorial Integrity

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By Kestér Kenn Klomegâh Undoubtedly, the majority of African countries have consistently supported the sovereignty and territorial integrity of Ukraine within the framework of international organisations in the face of Russian military…

13

Nigeria Gets Netherlands Commitment on Climate, Solid Minerals Investments

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By Adedapo Adesanya President Bola Tinubu has received commitment of investments from the Netherlands in the areas of climate and solid minerals. This came following a meeting of the Nigerian president with Prime Minister Mark Rutte of the…

ByteDance Denies Plans to Sell TikTok as US Ban Looms

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By Adedapo Adesanya TikTok’s Chinese parent company, ByteDance, said it has no plans to sell the social media platform after President Joe Biden signed a bill that could lead to a nationwide ban of the wildly popular app. This company made…

FG Unveils $10bn Nigeria Diaspora Fund to Attract Foreign Investments

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By Adedapo Adesanya The federal government has announced the launch of a $10 billion Nigeria Diaspora Fund, a multi-sectoral investment opportunity to encourage remittances, attract foreign investments, and facilitate philanthropic…

11

NASD OTC Exchange Loses 0.10%, Index Now 1,101.31 Points

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By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.10 per cent depreciation on Thursday, April 25 after the Unlisted Security Index (NSI) dropped by 1.15 points to wrap the session at 1,101.31 points…

09

Nigerian Naira Extends Loss to Fifth Day Despite FX Supply Boost

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By Adedapo Adesanya The Nigerian Naira weakened against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, April 25 as it fell by 0.1 per cent. During the trading session, the value of the Naira closed at…

08

Resurgence of Middle East Worries Push Brent, WTI Prices Up

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By Adedapo Adesanya The crude oil grades soared on Thursday on worries of supply disruptions in the Middle East supply as Israel stepped up airstrikes on Gaza’s Rafah. Brent crude futures gained 99 cents or 1.1 per cent to sell at $89.01 a…

02

Transcorp Hotels, Others Jumpstart Stock Market by 0.05%

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By Dipo Olowookere The Nigerian Exchange (NGX) Limited returned to the green territory on Thursday after two trading days in the bears’ domain, though weak investor sentiment remained. It marginally closed higher by 0.05 per cent yesterday…

Thursday, Apr 25

22

NNPC Blames Logistics Issues for Current Petrol Scarcity

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By Aduragbemi Omiyale The Nigerian National Petroleum Company (NNPC) Limited has attrivbuted he current scarcity in premium motor spirit (PMS), otherwise known as petrol, in some parts of the country to “logistics issues.” In a statement…

21

524 Companies Bid for Nigerian Railway Corporation 2024 Capital Procurement

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By Adedapo Adesanya The Nigerian Railway Corporation (NRC) has confirmed that 524 firms have expressed interest in its 2024 Capital Procurement Project. This was disclosed by the Managing Director of the NRC, Mr Fidet Okhiria, in Lagos at…

20

Dangote Subsidiaries Storm Ogun Trade Fair to Deepen Customers’ Affection

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By Aduragbemi Omiyale The subsidiaries of Dangote Industries Limited are currently at the 13th Ogun Trade Fair at the M.K.O Abiola Trade Fair Complex in Oke Mosan, Abeokuta. The business sections of the conglomerate are at the event as…

Cleveland Clinic Appoints Olufisayo Okunsanya as Nigerian Representative

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By Modupe Gbadeyanka The Lead Consultant at 6334 Business Services, Mr Olufisayo Okunsanya, has been appointed as the Nigerian in-country representative for Cleveland Clinic. Cleveland Clinic explained in a statement obtained by Business…

Expert Canvasses Brand Repositioning for Business Survival

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By Modupe Gbadeyanka The General Manager for Enterprise Marketing at MTN Nigeria, Mr Charles Okonkwo, has advised Small and Medium Enterprises (SMEs) in the country to embark on brand repositioning to survive the current competitive…

17

Nigerian Tech Firms to Showcase AI Innovations at GITEX Africa 2024

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By Aduragbemi Omiyale Organisers of a tech and start-up event taking place in Morocco next month, GITEX Africa 2024, are gearing up to welcome leading Nigerian tech firms, who have promised to showcase their innovative Artificial…

16

FG Sets May 15 Deadline for Consumer Credit Scheme Registration

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By Adedapo Adesanya The federal government has said Nigerians interested in accessing the recently launched Consumer Credit Scheme have until May 15 to apply for the new fund. President Bola Tinubu on Wednesday approved the take-off of the…

Femi Gbajabiamila: Harnessing Nigeria’s Renewable Energy Potential

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Femi Gbajabiamila, Chief of Staff to the Nigerian President and former Speaker of the House of Representatives, recently reiterated President Bola Ahmed Tinubu’s plans designed to bolster and sustain nationwide electricity supplies.…

14

Telco Operators Demand Fair Pricing, Industry Independence

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By Adedapo Adesanya Telecommunication operators in Nigeria have called on the federal government to address pricing challenges amid the current economic climate in the country and the world at large. The appeal was made in a joint…

SUNU Health Debunks Health Insurance Myths and Showcases Value

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SUNU Health Nigeria, an esteemed Health Maintenance Organization (HMO) with a legacy of over 26 years in delivering accessible healthcare solutions across Nigeria, was recently featured on Super FM 92.7 Lagos. During the broadcast, the…

Tinuade Sanda’s Dedicated Leadership at Eko Electricity Distribution Company

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By Tinuade Sanda Under my leadership as MD/CEO of Eko Electricity Distribution Company (EKEDC), my team and I worked diligently to address various challenges and make significant progress in our operations. My role involved fostering a…

NIESV Elects Emmanuel Mark Second Vice President

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By Aduragbemi Omiyale Mr Emmanuel Mark has been elected as the second vice president of the Nigerian Institution of Estate Surveyors and Valuers (NIESV). The expert in environment management clinched the position after a keenly contested…

13

Tension as Inmates Escape from Suleja Prison After Rainstorm

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By Adedapo Adesanya Tensions have heightened as several inmates escaped from the old Suleja Correctional Centre in the Suleja Local Government Area of Niger State following a rainstorm that destroyed a part of the facility’s fence on…

Airtel Provides Unlimited Data Connection at Nigeria Public Relations Week

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By Modupe Gbadeyanka Participants of the ongoing Nigeria Public Relations Week (NPRW) at the June 12 Cultural Centre, Abeokuta, Ogun State, are enjoying unlimited data connection courtesy of Airtel Nigeria. The leading telecommunications…

11

Nigeria’s Alternative Stock Market up 0.10%

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By Adedapo Adesanya Nigeria’s alternative stock market, the NASD Over-the-Counter (OTC) Securities Exchange, was up by 0.10 per cent on Thursday, April 24, despite the loss posted by a bellwether, FrieslandCampina Wamco Nigeria Plc. The…

Apprehension as Naira Weakens Further to N1,308/$1 at Official Market

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By Adedapo Adesanya Apprehension increased on Wednesday in the Nigerian Autonomous Foreign Exchange Market (NAFEM) as the Naira continued to erase some of its gains after it fell further by 0.6 per cent or N8.7 against the US Dollar to…

09

Oil Market Slips on Conflict Worries Ease, Positive US Business Data

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By Adedapo Adesanya The oil market fell on Wednesday as worries over conflict in the Middle East eased and business activity in the United States slowed, with Brent crude futures losing 40 cents or 0.45 per cent to settle at $88.02 a…