Browsing Category
Business
Heirs Holdings Appoints Two New Board Members
Leading Pan-African investment company, Heirs Holdings (HH) on Sunday announced the appointments of Chiugo Ndubisi and Victor Osadolor to its Board of Directors, effective August 26, 2022. Chiugo…
FG to pay $496m to settle foreign firm’s claims over steel plants – Report
The federal government has agreed to pay $496 million to settle a multi-billion dollar claim from Global Steel Holdings Limited, following the termination of a contract to upgrade the country’s steel…
Earnings from VAT rise 19%, hit N1.19 trn
Nigeria generated N1.19 trillion from Value Added Tax (VAT) in the first half of the year (H1’22). This represents a 19 per cent year-on-year (YoY) rise when compared to N1 trillion earned in H1’21.…
Telcos to earn more as NCC raises international calls termination to $0.10
The Nigerian Communications…
Naira 4 Dollar Scheme: We’ve recorded $2.4bn diaspora remittances in 2022, says CBN
The Central Bank of Nigeria (CBN)…
Nigerians drink beer worth N599.11 billion in 6 months
Nigerians drink beer worth N599.11 billion in six months running from January t0 June 2022, according to the first quarter results of four major brewers in the country. Champion Brew ended the First Half…
How timely funds release by CBN calmed frayed nerves in aviation sector
The Central Bank of Nigeria’s (CBN)…
Access Bank Adjusts Closing Hours Amid High Operating Costs
As businesses continue to operate under a hashed economic environment battered by…
Silicon Valley: Ogun to benefit from $34b innovation economy
The Ogun State government has entered into a strategic partnership with GetFundedAfrica to increase the number of Technology startups in the Information and Communication Technology (ICT), in the…
Moderna sues Pfizer, BioNTech over covid vaccine patent
U.S. biotech company Moderna dragged German rival BioNTech and its partner pharmaceutical giant Pfizer to court over alleged patent infringements in the development of vaccines against the coronavirus.…
Trapped Funds: British Airways Blocks Travel Agents From Paying In Naira, Mulls Flight Suspension
As the issue of trapped $464m foreign airlines’ funds lingers, British Airways may stop flying to Nigeria as from December 1, 2022. The United Kingdom airline this morning closed inventory…
Guaranty Trust HoldCo is the Best Dividend Stock to Buy
Guaranty Trust Holding Company (GTCO) Plc is the best dividend paying company in Nigeria, as investors are getting…
‘We are owed N1.75trn’ — GenCos lament poor remittances for electricity consumed
The association of power generation companies (APGC) says members are owed N1.75 trillion for power generated for the electricity market since 2013. Joy Ogaji, executive secretary, APGC,…
Operators seek improved logistics at Lekki Deep Seaport
Ahead of the commencement of operations at the Lekki Deep Seaport, freight forwarders have said it is important that adequate attention should be given to logistics. In an interview with our…
Loan sharks’ activities continue in Nigeria despite government’s clampdown
The battle against loan sharks in Nigeria by the Federal Competition and Consumer Protection Commission (FCCPC) may be far from over as the lending apps continue their activities of blackmailing…
Dollar scarcity forces banks to ration $4,000 Personal Travel Allowance (PTA)
“This is not funny”, Debra…
When Things Look Really Bad …It Often Means That Things Are About To Take A Turn For The Good –…
Laide Agboola studied Mechanical Engineering at the University of Sheffield; he also holds a Master of Science degree in Finance and a Diploma of Finance from Imperial College Business School, London. He…