Nigeria’s biggest syringe manufacturer shuts down
The Akwa Ibom State-based Jubilee Syringe Manufacturing Company has ceased operations and announced a temporary layoff. According to the company, “unforeseen circumstances…
Business
No plans to increase fuel price – NNPCL
The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of Premium Motor…
NGX shareholders gain over N2trn in five days
Alex Omenye In five trading days, from December 27, 2023, to January 3, 2024, the value of stocks listed on the NGX…
Most punctual African airlines in 2023 – Report
Cirium’s yearly assessment of the world’s top global airlines for on-time performance has revealed that South Africa’s Safair and Kenya Airways were…
S’African billionaire dethrones Dangote as Africa’s richest man
Johann Rupert and family have emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a…
US state files appeal after court halts TikTok ban
Montana on Tuesday, said that it will be appealing a U.S. judge’s ruling from November, which had stopped the state’s ban on…
2024 may not be positive, Nigerian manufacturers reveal
The Manufacturers Association of Nigeria, has stated that 2024 may not be a good year for the Nigerian manufacturing industry, at least…
AG Mortgage completes first tranche of N2bn fundraising
A major primary mortgage institution licensed by the Central Bank of Nigeria, AG Mortgage Bank PLC, has announced that the first tranche of its…
NRC to begin night operations
The Nigeria Railway Corporation has finalized preparations to begin night operations in the second quarter of 2024. The News Agency of Nigeria…
Passengers lament high transport costs despite FG’s 50% cut
Despite the Federal Government’s 50% fare discount, travelers have expressed disappointment that the promised respite has yet to materialize, and transportation expenses…
PMI rises to 52.7 in December – Report
The most recent Stanbic IBTC PMI survey has revealed that the business environment in Nigeria improved in December 2023, with the Purchasing Managers Index…
Manufacturers urge FG to clear $7bn debt
The Manufacturers Association of Nigeria has requested the Federal Government to resolve the present $7 billion Forex backlog. The PUNCH reported that MAN…