BOI pledges support for SMEs, Rivers’ industrial hubs
The Rivers State Government’s initiative to industrialize would be supported by the Bank of Industry by providing funding for industrial centers and…
Business
MoMo set to activate inbound/outbound transfer capabilities across Africa
MoMo Payment Service Bank and Saana Capital LLC, an international money transfer provider authorized by the Central Bank of Nigeria, have announced…
NDDC, KPMG partner on business operations
The Niger Delta Development Commission and KPMG, a major worldwide business management consulting firm, have a contract in place for KPMG to…
Ikeja hotel shareholders approve N3.5bn capital increase
Ikeja Hotel Plc’s shareholders have given their approval for the company to raise more funds through a rights issue of 1.133 billion…
Travel, tourism investment may hit $955bn year end – Report
The World Travel & Tourism Council’s research indicates that investments in travel and tourism are on the mend, with a forecasted value…
Nigeria’s treasury bills rate hit 13.9%
Investors submitted a bid of N1.5 trillion for one-year (364-day) treasury bills at a striking rate of 13.9% per annum at the…
Nigeria plans dollar asset listings to address forex woes
The Nigerian Exchange Ltd. has proposed allowing dollar-denominated bond listings on its platform in an effort to provide access to foreign currency…
Raw materials import hits N8trn amid naira slump
Manufacturers have spent at least N7.9 trillion on raw materials imports in the last three years. According to The Punch, manufacturers claim…
Transcorp to hit 2,000 megawatts Q4 2023 – Report
Transcorp Group’s Group Chief Executive Officer, Owen Omogiafo, disclosed a tenacious pursuit to boost available power capacity to 2,000 megawatts by year’s…
IPO: Flutterwave needs to go public, says CEO Gbenga Agboola
The co-founder and CEO of Flutterwave, Olugbenga Agboola, has stated that the company is pushing ahead with its intended Initial Public Offering despite all…
Minister of works to begin road inspection in two weeks
The minister of works, David Umahi, has committed to starting the inspection and evaluation of all federal highways in two weeks. The Punch…
FG, Nasarawa partner on local lithium processing
The Nasarawa State government and the federal government want to partner on a lithium processing policy that would make sure that any lithium mined…