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Femi Otedola named 2024 'Investor of the Year'
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Femi Otedola named 2024 ‘Investor of the Year’

Billionaire investor and prominent figure in Nigeria’s capital market, Femi Otedola, has been honored with the title of “Investor of the Year 2024” by The Nation newspaper, in recognition of his outstanding achievements in the financial sector. The newspaper highlighted the remarkable performance of Otedola’s companies, Geregu Power and FBN Holdings, as key factors behind […]

Top 25 fastest growing Nigerian companies in 2024
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Top 25 fastest growing Nigerian companies in 2024

Twenty-five Nigerian companies have emerged as the fastest-growing companies in Africa in the Financial Times ranking of the country’s fastest-growing businesses. In the lead is Omniretail, a notable Nigerian payment startup, raked in 139.88m in revenue, while Afex Commodities Exchange, a commodities brokerage, amassed a staggering $415 million. The lineup of 125 companies showcased in […]

Equity market recovers, gains N902bn
Business

Equity market recovers, gains N902bn

Positive trading returned to the stock market on Thursday, resulting in a gain of N902 billion. The PUNCH reported that this followed two sessions of bearish trading due to profit-taking. Following the Federal Reserve’s decision to maintain interest rates, stocks on the NASDAQ, Dow Jones Industrial Average, and S&P 500 saw a similar trajectory on […]

Five things to know before launching your fashion brand
Business featured

Five things to know before launching your fashion brand

The fashion industry is a major component of African economies, with enormous growth and development potential. The industry has various advantages, such as employment creation, export prospects, and economic growth. However, substantial obstacles exist, such as a lack of access to funding, limited infrastructure, and fierce competition. Starting a fashion business in Africa needs careful planning, […]

Companies that exited Nigeria amid economic challenges
Business featured

2023: Companies that exited Nigeria amid economic challenges

Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes and policy directions led investors to adopt a cautious stance, influencing significant long-term investment decisions. The year kicked off with artificial cash scarcity and a botched currency note redesign, initially hampering consumer spending. […]

Five money-making holiday business ideas
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Five money-making holiday business ideas

The holiday season is here. A time when people celebrate Christ’s birth and look forward to the New Year. It is also a time when people get to spend a lot of money, either as part of the Christmas or New Year’s celebrations, and so maximizing this period can get you on the receiving end. […]

Business

Financial experts urge business owners to be creative

Business owners have been urged by financial experts to navigate the volatile market dynamics through innovation to gain a competitive advantage. The Punch reported that the financial experts gave this advice on Saturday in Lagos at a Citadel Global Community Church empowerment team session titled “Strategies for creative turnaround in uncertain times – Identifying opportunities and seasons.” […]

ACCI, Turkish investors to create one million jobs in Nigeria
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ACCI, Turkish investors to create one million jobs in Nigeria

By Bisola David   The Abuja Chamber of Commerce and Industry partnered with Turkish investors through Turquaz Health Tourism on Friday, to generate one million employment in Nigeria. The Punch reported that the Turkish investors will work with Nigerian companies in a variety of industries, including health, energy, infrastructure, and education. At the ACCI offices in Abuja […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
Business

Why businesses are becoming hopeless – NECA

The Nigeria Employers’ Consultative Association has stated that businesses are overstretched and are becoming hopeless as a result of the rising cost of living brought on by the increase in the price of petroleum and motor spirit. In a statement on Thursday, the Director-General of NECA, Mr. Adewale-Smatt Oyerinde, urged the government to adopt more serious measures to […]