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Focus on Nigeria's N3tn logistics sector, experts urge FG
Business

Focus on Nigeria’s N3tn logistics sector, experts urge FG

Experts have emphasized how urgently Nigeria’s neglected logistics, courier, and transportation sectors—worth over N3 trillion, needs to be given priority by the federal government. The Punch reported that this information was revealed during the “Logistics Solutions and National Infrastructure Development” conference and investiture, organized by the Courier and Logistics Management Institute and held in Lagos. The Executive Chairman of […]

FG to focus on metering, power distribution - Minister
Business

FG to focus on metering, power distribution – Minister

The Federal Government’s short-term priority in the power sector is to prioritize metering, electricity distribution, and transmission to improve power supply nationwide, according to the Minister of Power, Chief Adebayo Adelabu. The Punch reported that according to a statement from the Ministry of Power on Tuesday, he made this revelation during the 3rd Roundtable on Enforcement of Technical Standards, Regulations, […]

ICAN, NGX RegCo to partner on corporate governance
News

Our members are competent, not fraudulent – ICAN

The Nigerian Institute of Chartered Accountants has declared that none of its members, in Nigeria or elsewhere, will ever be found engaging in financial impropriety or any other type of fraud in any area of their business. According to The Punch, this claim was made at the annual dinner and awards ceremony hosted by the Ikorodu […]

Nigerian Investors to raise $94bn climate capital – Report
Business

Nigerian Investors to raise $94bn climate capital – Report

            Retail investors in Nigeria are projected to mobilize $94 billion by 2030 for climate change financing, as revealed by Standard Chartered’s Sustainable Banking Report 2023.   The report highlighted that 95% of Nigerian investors express interest in climate investing, with 91% aiming to increase capital flows toward climate-related initiatives, […]

News Tech

CIS, stakeholders to strengthen economy

Bisola David The President of the Chartered Institute of Stockbrokers, Oluwole Adeosun, and other economic stakeholders have suggested that implementing the Public-Private Partnership model and increasing tax revenue, as well as providing liquidity, will boost Nigeria’s GDP growth and development. The Punch reported that the CIS released a statement stating that at the 2023 Annual National […]

Union Bank exit crashes NGX cap to N132bn
News

Union Bank exit crashes NGX cap to N132bn

Bisola David The removal of Union Bank of Nigeria’s shares from the Nigerian Exchange Limited’s Official Daily List on Monday resulted in a N132 billion decrease in market capitalization. According to The Punch, the Nigerian Exchange Group’s regulatory body, NGX Regulations Limited, sent out a notice to trading license holders on Monday, November 27, 2023, […]

Accion MfB, Justrite introduce consumer credit purchases
News Tech

Accion MfB, Justrite introduce consumer credit purchases

Bisola David Accion Microfinance Bank and Justrite Superstore, an e-commerce company, are collaborating to allow clients to buy goods from the store and pay for them later. According to The Punch, this was revealed during the Memorandum of Understanding signing ceremony at the Lagos State office of Accion MfB. The duo two stated that as only eligible […]

Clearing agents lament shipping firm 25% tariff raise
News

Clearing agents lament shipping firm 25% tariff raise

Bisola David Licensed customs agents working in the maritime industry have protested Comet Shipping Agencies Nigeria Limited’s 25% duty increase on imported cars and other shipments. The Punch reported that the shipping business stated that the new charge would go into effect on December 1, 2023, in a notice to the agents on Monday. One of the […]

Zenith Bank reports N1.03trn profit in 2024 financial results
Business News

Zenith Bank to open branch in France

Nigerian Zenith Bank will open a location in France in the upcoming months, according to CEO Ebenezer Onyeagwu. According to Onyeagwu, the bank and the French government have inked a Memorandum of Understanding to begin the process of issuing a banking license, which will allow the bank to begin operations in France. The CEO did […]

Lagos Free Zone draws Nordic investors to Nigeria - Report
News

Lagos Free Zone draws Nordic investors to Nigeria – Report

Bisola David The Lagos Free Zone, a subsidiary of Tolaram, claims to have attracted investors from Nordic countries in order to increase foreign direct investment into the country. The Punch reported that investors were urged to establish their firms in the zone by taking advantage of its outstanding infrastructure, business-friendly policies, and simplicity of doing business, […]

Fintech, partners to purchase Union Bank's loan portfolios
News Tech

Fintech, partners to purchase Union Bank’s loan portfolios

Bisola David A German-Nigerian fintech startup, BFREE, and some of its international funding partners have hinted at the prospect of acquiring some of Union Bank of Nigeria’s impaired loan portfolios. According to The Punch, BFREE and Union Bank signed a Memorandum of Understanding during the German-Nigerian Business Forum in Berlin which may permit the acquisition, according to […]

Nigeria, US, others sign AI standards
News Tech

Nigeria, US, others sign AI standards

The Nigerian government on Sunday, along with the US and UK among other eighteen nations signed a 20-page document that is expected to be the gold standard for AI safety. The countries decided that companies creating and applying AI must make sure that, by guarding against abuse, their systems prioritise the protection of their clients […]

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