Business
Business news…
Reckitt Nigeria awards N37.8 million funding to Social Businesses
Reckitt Nigeria, a leading health, hygiene, and nutrition company, has presented a total of N37.8 million to six social businesses that are making significant contributions to water, sanitation, and hygiene (WASH) initiatives in Nigeria. The funding was awarded during the … Continue Reading
If we knew what we were getting into, we wouldn’t have tried – Dangote
Aliko Dangote, Africa’s richest man and founder of Dangote Industries Limited, has opened up about the daunting task of building the world’s largest refinery in Nigeria. The refinery, which has a capacity to process 650,000 barrels of crude oil … Continue Reading
Businessman seeks N500m compensation from police for declaring him wanted
A Real Estate Developer, Musa Saliu, has taken the Inspector-General of Police to court, alleging that he was falsely declared a wanted person in connection with a land dispute. Saliu’s lawsuit, filed on Friday, seeks to declare the police … Continue Reading
FG Secures $3bn Afreximbank Facility to Boost Industrialisation
The Federal Government has signed a Memorandum of Understanding (MoU) with Afreximbank to establish a $3 billion Nigeria Industrialisation Financing Facility aimed at developing an industrial park and light manufacturing sectors.
This agreement, signed by the Minister of … Continue Reading
Federal Government drops tax evasion charges against Binance executives
In a major breakthrough, the Federal High Court in Abuja has dismissed tax evasion charges filed against Tigran Gambaryan, a 39-year-old American, and his colleague Nadeem Anjarwalla, who had fled to Kenya. The decision comes after the Federal Inland Revenue … Continue Reading
Nigeria’s External Debt Servicing Hits $2.19 Billion in Five Months
The Central Bank of Nigeria (CBN) has revealed that the country spent a total of $2.19 billion on external debt servicing in the first five months of 2024.
According to the CBN data, the debt service payments were made … Continue Reading
Guinness announces plan to leave Nigeria after 75 years
In a shock move, Guinness Nigeria, a subsidiary of global brewery brand Diageo, has announced plans to exit the Nigerian market and sell its controlling stake to Singaporean conglomerate Tolaram Group. The company’s decision comes after a tumultuous period … Continue Reading
Guinness to Exit Nigerian Market After 75 Years
Guinness Nigeria, a subsidiary of Diageo Plc, has announced its intention to exit the Nigerian market after 75 years of operation in the country. The company has agreed to sell its majority stake to the Tolaram Group, a … Continue Reading
Nigeria Lost About N7 Billion To Labour’s Two-day Strike – DACAA
The two-day nationwide strike embarked upon by Nigerian workers under the auspices of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) has resulted in a significant financial loss for the country’s domestic airports. The Domestic Airports Cargo … Continue Reading
why i relocated my business From the southeast to lagos – cubana chief priest
Pascal Okechukwu, widely known as Cubana Chief Priest, has relocated his business operations from the Southeast to Lagos due to escalating security concerns in the region. In an interview with BBC Igbo, Okechukwu explained that increasing incidents of kidnapping … Continue Reading