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Manufacturing association of nigeria decries Struggles in the sector Amidst Economic Challenges
The Manufacturing Association of Nigeria (MAN) has sounded the alarm on the state of the manufacturing industry, revealing that 767 companies ceased operations while 335 faced distress in 2023.
Headquarters of the Manufacturing Association of Nigeria
This downturn is … Continue Reading
Binance Ceases NGN Services in Nigeria Amid Regulatory Disputes
Binance, a prominent global cryptocurrency exchange, has announced the termination of all services involving the Nigerian naira (NGN) in Nigeria. The decision comes amidst ongoing regulatory disputes with the Nigerian government and accusations of forex market manipulation and illicit fund … Continue Reading
Nigeria Customs Seizes Truckload of Beans Worth N61.4 Million
The Seme Area Command of the Nigeria Customs Service (NCS) has intercepted a truckload containing 400 bags of beans valued at N61.4 million, as part of its ongoing efforts to combat smuggling activities.
In a statement released on the Service’s … Continue Reading
Bitcoin Hits New All-Time High, Surpassing $69,000
In a historic moment for the world of cryptocurrency, Bitcoin reached a new all-time high on Tuesday afternoon, surpassing the previous record set in November 2021. The price of Bitcoin soared to an unprecedented $69,170.63, exceeding the previous high of … Continue Reading
Transcorp Power Plc Targets Over N500 Billion Annual Revenue Growth by 2031
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has set ambitious targets for its future growth trajectory. The company, which recently listed its shares on the Main Board of the Nigerian Exchange (NGX), aims to … Continue Reading
South African Opposition Leader, Julius Malema Arrives Lagos
South African vocal opposition leader, Julius Malema has arrived in Lagos, Nigeria.
Malema shared the news of his arrival in the commercial city of Nigeria on his official X handle.
Governor Babajide Sanwo-Olu approves payment of student bursary in Lagos State, appoints former student leaders as Special Assistants
The Lagos State Governor, Babajide Sanwo-Olu has announced the payment of bursary and scholarship grants for students hailing from Lagos State attending tertiary institutions.
During an interactive session with Student Union Leaders and Stakeholders held yesterday in Lagos, Sanwo-Olu … Continue Reading
President Tinubu Announces $30 Billion Foreign Investment Commitments to Bolster Nigerian Economy
President Bola Tinubu, speaking at the 2023 Leadership Annual Conference and Award held in Abuja, revealed that his administration has secured $30 billion in Foreign Direct Investment (FDI) commitments aimed at revitalizing the Nigerian economy.
Represented by the Minister … Continue Reading
Aliko Dangote to Venture into Oil Trading Industry
Africa’s wealthiest individual, Aliko Dangote, is embarking on a significant venture in the oil industry, aiming to establish an oil trading arm, likely headquartered in London.
Dangote refinery
This initiative is intended to facilitate the operation of his new … Continue Reading
Enugu State Government Seals ShopRite, SPAR, and Other Businesses Over Tax Issues
In a move aimed at enforcing tax compliance, the Enugu State Internal Revenue Service (ESiRS) enforcement team sealed off Enugu ShopRite and SPAR, along with several other businesses, on Tuesday morning.
The closures came after repeated warnings and failed attempts … Continue Reading