Business
Business news…
Anambra State House of Assembly Advances Bill to Regulate Igbo Apprenticeship System
The Anambra State House of Assembly has advanced a bill to its second reading in a proactive move aimed at revitalizing and formalizing the traditional Igbo apprenticeship system. The proposed legislation, titled the “Anambra State Igbo Apprenticeship Bill 2024,” seeks … Continue Reading
Access Holdings to Acquire National Bank of Kenya in Strategic Move
Access Holdings has announced plans to acquire the National Bank of Kenya (NBK), marking its first major deal since the passing of Herbert Wigwe, the former Group Managing Director/CEO.
The decision to acquire NBK comes in the wake of … Continue Reading
Port harcourt refinery starts next two weeks – kyari
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the receipt of 450,000 barrels of crude oil for processing at the Port Harcourt Refinery. The disclosure came during a session with the Senate Ad-hoc Committee on Investigation of Turn Around … Continue Reading
LAPO Microfinance Bank Partners with NextechCzar Incubation Program to Foster Tech Entrepreneurship in Nigeria
LAPO Microfinance Bank Limited, a renowned institution in Nigeria’s microfinance sector, has declared its endorsement for the NextechCzar Incubation Program, spearheaded by the Moolu Venture Lab. The induction ceremony, graced by distinguished figures in the industry, witnessed Dr. Godwin Ehigiamusoe, … Continue Reading
“state-sponsored kidnap” – U.S. Group Urges President Biden to Respond To the detained Binance Officials in Nigeria
The United States Chamber of Digital Commerce has issued a fervent plea to President Joe Biden, calling for the employment of every available diplomatic measures to secure the immediate release of two Binance officials detained by Nigerian authorities.
The Chamber … Continue Reading
SEC Raises Nigerian Crypto Exchange Registration Fee by 500% to N150M
Nigeria’s Securities and Exchange Commission (SEC) has unveiled proposed amendments to the registration fees for platforms offering Crypto Exchange services. The proposed changes aim to provide clarity and incorporate feedback from industry stakeholders, particularly following engagements with the Central Bank … Continue Reading
Central Bank of Nigeria Allocates N100bn, Two Million Bags of Fertilisers to Ministry of Agriculture
The Central Bank of Nigeria (CBN) has announced a significant allocation of resources to the Ministry of Agriculture in a bid to tackle the soaring food prices plaguing Nigeria..
Governor Olayemi Cardoso revealed during a meeting at the ministry’s … Continue Reading
Federal Government Launches Presidential Conditional Grant Scheme to Empower Nano Businesses Nationwide
The Federal Government of Nigeria has unveiled the Presidential Conditional Grant Scheme (PCGS) as part of its Presidential Palliative Programme. Commencing on March 9, 2024, this initiative aims to provide financial grants, free from repayment obligations, to eligible … Continue Reading
Nigeria’s Agriculture Exports Face Setback Due to Quality Concerns, Says Ngozi Okonjo-Iweala
In a recent address in Abuja, the World Trade Organisation (WTO) Director-General, Ngozi Okonjo-Iweala, highlighted Nigeria’s declining position in global agriculture export markets.
Despite ample arable land and increased investments, Nigeria has shifted from being a net exporter to a … Continue Reading
MTN Nigeria Invests $120 Million to Expand 5G Coverage Amidst Forex Challenges
MTN Nigeria has disclosed an investment of over $120 million in the last two years in a bid to enhance telecommunications infrastructure and expand 5G coverage across Nigeria. The Chief Financial Officer of MTN Nigeria, Mr. Modupe Kadri, revealed … Continue Reading