FG urges govs to justify use of subsidy removal savings
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, disclosed the government’s intention to provide a comprehensive implementation…
Business
Abbey Mortgage Bank Plc appoints four new directors
The Central Bank of Nigeria has authorized the appointment of four new non-executive directors to Abbey Mortgage Bank Plc. The Times reported that…
Equity market retail participation hits 35% in September – NGX
The Nigerian Exchange Limited has stated that as of September 2023, retail involvement in equities markets has risen from 28% in 2022 to 35%.…
MAN urges manufacturers to adopt technology
The Manufacturers Association of Nigeria has urged the real-estate sector to embrace innovative and disruptive technologies in order to remain competitive. The Punch stated…
Indian firm increases Airtel stake with £57m share purchase
A firm, Indian Continent Investment Limited has acquired £57.25m worth of shares to strengthen its ownership position in Airtel Africa. The Punch reported…
PZ Cussons raises share buybacks to N23 per unit
PZ Cussons Nigeria Plc’s board of directors has raised the offer price for the proposed buyback of the company’s shares from minority…
Lagos vows to attract foreign investors
The governor of Lagos State, Babajide Sanwo-Olu, has said that the state will take new steps to draw in foreign investment. According to The…
International Breweries awards N60m grant to young entrepreneurs
International Breweries Plc has awarded a N60 million grant to 50 prospective young entrepreneurs through its subsidiary, International Breweries Foundation. According to The…
Flutterwave secures international transfers license in Malawi
Flutterwave, a Nigerian fintech startup, has received an International Money Transfer Operator license from the Reserve Bank of Malawi to allow international remittances…
Why Africa is key to global labour force supply – AfDB
The President of the African Development Bank Group, Dr. Akinwumi Adesina, has stated that Africa is the key for supplying the global labour…
Nigeria’s oil demand to decline by 61% – AA Holdings
The Chairman of AA Holdings, Austin Avuru, has said that there would be a 61% decline in the global market demand for Nigerian crude…
GSK shareholders express concern over N1.274bn unclaimed dividends
GlaxoSmithKline Consumer Nigeria Plc’s unclaimed dividend of N1.274 billion has alarmed shareholders following the company’s delisting from the Nigerian Exchange Limited and…