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AfCFTA chief urges Africa to prioritise value addition

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NCAA opposes revenue cut, warns of safety oversight risks

Aviation

Airline owes FG N14bn, threatens aviation agencies’ operations –

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Equity investors lose N1.5tn as bond yield rises
Economy

Naira falls by 13.9% in one week at I&E Window

The naira fell to a historic low against the dollar last week as Nigeria’s new foreign exchange policy came into effect. The policy, which the Central Bank of Nigeria announced on June 15th, 2023, ends the various and distorted rates that had been in place for years and allows the market to set the exchange rate […]

Flour Mills shareholders approve BAGCO as subsidiary
Business

Flour Mills to issue another N55bn commercial paper

One of the biggest food and agro-allied firms in Nigeria, Flour Mills of Nigeria PLC has announced the issuance of up to N55 billion in Series 3 Commercial Papers as part of its NGN200 billion Commercial Paper Programme. According to Nairametrics, the commercial paper issue is intended to provide short-term funds for the company’s working capital […]

News

NPA raises alarm over alleged defamation, blackmail

By Wilson Adekumola   The Nigerian Ports Authority, has cried out over what it called a campaign of calumny against the organisation, saying the public should be disregard the development.   This was contained in a statement by its General Manager, Corporate and Strategic Communications, Josephine Moltok, explaining that findings showed that the logo and […]

SEC closes down firm over illegal investments
News

SEC denies not auditing financial statements since 2014

The Securities and Exchange Commission of Nigeria has denied reports claiming that it has not audited its financial statements since 2014. Nairametrics reported that In a statement issued on Friday and signed by its management, the SEC acknowledged that it is a staunch supporter of top-notch corporate governance standards and reiterates its commitment to supporting these objectives. The SEC […]

JUST IN: Emefiele orders banks to dispense old naira notes - Soludo
News

Tinubu breaks silence on Emefiele’s suspension

President Bola Ahmed Tinubu has broken his silence on the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele.   He made this disclosure during an interactive session with Nigerians resident in France and neighbouring European countries.   Tinubu said the nation’s financial system under the suspended CBN governor was rotten.   According to […]

Manufacturers warn price hikes to persist without solutions
News

Why manufacturers invested N144bn in alternative energy sources – MAN

The Manufacturers Association of Nigeria has stated that the cost of accessing alternative energy sources increased by 87% between 2021 and 2022, from N77.22 billion to N144.5 billion spent by its members. The News Agency of Nigeria reported that this is because the association has protested against the anticipated hike in electricity rates that will take […]

News

Honda recalls about 1.2M vehicles over rear camera issues

Kazeem Owoseni     Honda Motor Company Limited, has announced the recalling of nearly 1.2M vehicles in the United States, because the rear view camera image may not appear on the dashboard screen.   The motor company made this disclosure on Friday June 23, 2023, in documents posted by U. S safety regulators.   Reports […]

Britain urges Meta not to implement end-to-end encryption
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Why Canada requires Google, Meta to pay news organisations

Canada may soon require Google and Meta to pay media outlets for news information shared or repurposed on their platforms. According to Nairamtrics, the bill was approved by the Canadian Senate on Thursday and is expected to become law. The bill is a response to Facebook and Google’s alleged “threats” to remove news from their […]

UAC appoints Khalifa Biobaku new vice chairman
Appointments

UAC appoints Khalifa Biobaku new vice chairman

The United African Company of Nigeria has declared that Mr. Khalifa Adebayo Biobaku has been chosen to serve as the new Vice-Chairman of the Board of Directors. The company’s secretary, Ayomipo Wey, disclosed the announcement in a statement. Wey claimed that since being appointed to the board in March 2022, he had been serving as a non-executive director […]

Coca-Cola changes bottles to combat plastic waste pollution 
Business

Coca-Cola changes bottles to combat plastic waste pollution 

The Coca-Cola System in Nigeria has declared that it will modify the bottles of its products in an effort to reduce the negative environmental effects of plastic bottle waste pollution. According to a statement from the company, the Director of Public Affairs, Communications, and Sustainability at Coca-Cola Nigeria, Nwamaka Onyemelukwe, revealed this during the Annual System Beach […]

Firm provides training support to SMEs
Business

Why 80% of SMEs fail within five years – Report

A recent survey shows that difficult economic conditions, a lack of access to financing, and bad business practices have hampered the growth and transition of micro-businesses and caused almost 80% of Small and Medium Enterprises to fail before their fifth year. The report, “Perception Study: Efficiency and Impact of Regulatory Activities of Standard Organisation of Nigeria on […]

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