SMEDAN to acquire N6bn motorcycles, tricycles
The Small and Medium Enterprises Development Agency of Nigeria would spend N6.2 billion on motorbikes and tricycles as part of empowerment projects…
Business
Lagos council to launch 200 electric minicabs in March
The Chairman of Ikoyi Obalende Local Council Development Area in Lagos State, Fuad Atanda-Lawal, has announced intentions to roll out 200 electric mini-cabs as part…
Agribusiness shareholders to raise N5bn capital
Ellah Lakes Plc’s shareholders have approved a plan to raise approximately N5 billion in stock. The PUNCH reported that the shareholders gave their consent at…
CBN to host first MPC meeting under Yemi Cardoso
The Central Bank of Nigeria will hold its inaugural Monetary Policy Committee meeting on February 26th and 27th. Nairametrics reported that this…
Eterna Plc to become official distributor of Dangote refinery products
Eterna Plc has signed an agreement with Dangote Petrochemical Refinery to become an official sales distributor for their products in Nigeria. According…
Dangote Plc becomes most valuable company in Nigeria
Dangote Cement Plc on Wednesday, surpassed Airtel Africa Plc to become the most valuable company on the Nigerian Exchange Limited, with a…
CBN permits Access Holdings to create consumer lending subsidiary
Access Bank’s parent group, Access Holdings Plc, has acquired CBN approval in principle to establish its consumer lending subsidiary, Oxygen X Finance…
Dangote Sugar exceeds N1tn market cap level
Dangote Sugar has become the second Aliko Dangote-owned company to reach the N1 trillion market valuation milestone. As of 1.30 p.m. on…
Why naira-dollar can’t be stable – Minister
Christian George The Minister of Budget and Economic Planning, Atiku Bagudu, has revealed why naira to dollar exchange rate can not be…
Investors gain N1.8tn as equity market sets new record
The Nigerian Exchange Limited set new records at the close of trade on Tuesday, as the benchmark index, the All-Share Index, increased…
Naira falls to 1300/$ at parallel market
The naira fell to N1,300/$ on the parallel market on Tuesday. As confirmed with the Bureau de Change operators, this comes after…
Ikea to cut prices this year due to deflation – CEO
Ikea has stated ahead of the World Economic Forum’s annual conference that it will keep to planned price cuts despite Red Sea shipping interruptions…