By Adedapo Adesanya Plans by First Bank of Nigeria to hold an extraordinary general meeting (EGM) to vote on a decision to raise N300 billion has hit another snag as a Federal High Court maintained an earlier decision on Wednesday. In July…
By Linda Saunders Customer service is in a state of flux. As budgets and staffing levels increase, so do customer expectations, keeping efficiency critical for delivering higher quality of service. Today’s customers demand fast, consistent…
By Modupe Gbadeyanka Some Nigerians have expressed their displeasure over a fresh hike in the prices of DStv and GOtv packages by MultiChoice Nigeria, owners of the pay television platforms. In a notice to its customers on Wednesday, April…
By Adedapo Adesanya Madica, a structured investment programme designed for pre-seed stage startups in Africa, has announced its first set of investments totalling $600,000 in three startups – Kola Market, GoBEBA, and NewForm Foods.…
By Adedapo Adesanya The federal government has launched a new set of fiscal incentives to rejuvenate Nigeria’s ailing oil and gas industry which aims to attract about $10 billion in investment between the next 12 months to 18 months.…
By Adedapo Adesanya The federal government has announced the recovery of N57 billion from the N5.2 trillion liabilities owed to the Federal Inland Revenue Service (FIRS) and other bodies by Ministries, Departments and Agencies (MDAs) of…
By Aduragbemi Omiyale A fully integrated downstream player in the country’s energy sector, MRS Oil Nigeria, is seeking the approval of its shareholders to leave the Nigerian Exchange (NGX) Limited for the NASD over-the-counter (OTC)…
By Adedapo Adesanya The Naira depreciated yet again against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, April 23, raising fears that the old days may have returned. Business Post reports that in the…
By Adedapo Adesanya Oil rose by 1 per cent per barrel on Tuesday as the US Dollar index fell to its lowest in over a week after investors shifted focus away from geopolitical issues in the Middle East to the state of global economies. The…
By Dipo Olowookere The equity market reacted to the release of the much-awaited financial statements of Oando Plc on Tuesday, closing lower by 0.35 per cent, erasing the gains recorded a day earlier. The investing community had been on the…
By Adedapo Adesanya The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has disclosed that the Board of the World Bank would meet in June to consider the final approval of Nigeria’s request for a $2.25 billion…
By Aduragbemi Omiyale In a bid to address fresh concerns from the recent decline in the value of the Naira to the US Dollar in the official market, the Central Bank of Nigeria (CBN) has announced the sale of foreign exchange (FX) to…
By Aduragbemi Omiyale The pump prices of diesel and aviation fuel have been further brought down by Dangote Petroleum Refinery to N940, and N980 per litre, respectively. A statement from the refiner disclosed that the N940 per litre price…
By Aduragbemi Omiyale Business grants worth N1.4 million have been given to three female entrepreneurs in the Medium, Small and Medium Enterprises (MSMEs) sector in Nigeria. The funding support was provided to the female-owned MSMEs by AXA…
By Adedapo Adesanya The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has tasked the Defence Headquarters to reduce economic sabotage by protecting oil and gas facilities, to ramp up Nigeria’s oil production.…
By Adedapo Adesanya The federal government has ordered the sale of four of the 11 licenced electricity distribution companies (DisCos) in the country under the management of commercial banks and the Asset Management Corporation of Nigeria …
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the week on a positive note as it rose on Monday by 2.8 per cent, spurred by a gain in the share price of Aradel Holdings Plc. Aradel Holdings Plc appreciated…
By Adedapo Adesanya There are fresh concerns over the recent decline in the value of the Nigerian Naira against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). The local currency further weakened in the official…
By Adedapo Adesanya Crude oil prices fell on Monday as traders focused on market fundamentals, which outweighed risks that the Middle East conflict would impact supply. Brent crude futures settled at $87.00 a barrel after it went down by…
By Dipo Olowookere The domestic stock market rebounded by 0.13 per cent on Monday after going down for 11 straight sessions as a result of sustained profit-taking by investors. The Nigerian Exchange (NGX) Limited was jumpstarted yesterday…
By Adedapo Adesanya PwC is celebrating the 10th anniversary of its in-house strategy consultancy and Strategy&, marking a decade since Booz & Company joined the PwC network which led to the formation of Strategy& in 2014. According to the…
By Adedapo Adesanya The Federal Competition and Consumer and Protection Commission (FCCPC) has moved to close the Abuja-based Chinese supermarket at the China General Chamber of Commerce over its refusal to cater to Nigerians. Earlier on…
By Adedapo Adesanya Nigeria’s private sector has injected more than $50 million in actual investments in refuelling stations, conversion centres, and mother stations in the Presidential Compressed Natural Gas Initiative (PCNGI), which is…
By Adedapo Adesanya There are strong indications that the wanted executive of the cryptocurrency platform, Binance, Mr Nadeem Anjarwalla, who fled Nigeria some weeks ago, may be extradited to Nigeria soon after he was arrested by the…
By Modupe Gbadeyanka The National Association of Osun State Students (NAOSS) has appointed the publisher of The Nation Reporters, Mr Sodiq Lawal, at the National Director of Media and Publicity. In a letter dated April 20, 2024, the group…
As the job market welcomes a new wave of talent post NYSC, Access Pensions has announced the ‘Shape Your Future’ live empowerment webinar. This session is designed to prepare and equip young individuals as they transition into the business…
By Adedapo Adesanya The 16th week of trading at the NASD Over-the-Counter (OTC) Securities Exchange saw the market return to the green territory with a 1.4 per cent appreciation in five days of trading. In the week, the market…
By Adedapo Adesanya Africa-focused venture capital firm, TLcom Capital, has announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, valued at $154 million. The oversubscribed round confirms the firm’s…
By Adedapo Adesanya First Bank of Nigeria has appointed Mr Olusegun Alebiosu as its acting managing director, following the exit of Mr Adesola Adeduntan from the helm of the tier-one Nigerian lender. Mr Alebiosu has been the bank’s…
By Dipo Olowookere A turnover of 1.597 billion shares worth N32.313 billion in 44,915 deals was recorded by the Nigerian Exchange (NGX) Limited last week versus the 1.132 billion shares valued at N28.650 billion transacted a week earlier…