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Tag: Business

Dangote refinery investors gain N1.2tn in two days
Oil and Gas

P’Harcourt refinery to supply 12 states

The Nigerian National Petroleum Company Limited has begun supplying crude oil for the Port Harcourt Refining Company Limited’s test run. The PUNCH reported that oil marketers confirmed the news, stating that the plant would sell refined Premium Motor Spirit, also known as petrol, Automotive Gas Oil, also known as diesel, and other products to 12 […]

LCCI predicts reduced inflation in 2024
Business

LCCI predicts reduced inflation in 2024

The President of the Lagos Chamber of Commerce and Industry, Gabriel Idahosa, forecasts that the country’s inflation rate will decrease in 2024. The PUNCH reported that Idahosa who was speaking in an exclusive interview on Friday, blamed the loss of gasoline subsidies for the acceleration of inflation this year. According to the LCCI president, if governments at all levels […]

Stakeholders praise NSC over planned Nasarawa dry port
Business

Stakeholders praise NSC over planned Nasarawa dry port

Maritime players have applauded the Nigerian Shippers Council’s plans to build an inland dry port in Nasarawa State. The PUNCH reported that Rotimi Hassan, the Managing Director of Kaduna Inland Dry Port, Rotimi Hassan, praised the NSC’s decision. He said, “It is a good move by the government, but I would also advise the government to look […]

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
featured

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
News

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 […]

Nigeria to host fourth Intra-Africa Trade 2025
News

Nigeria to host fourth Intra-Africa Trade 2025

  By Christian George Nigeria has been selected to host the fourth intra-African trade fair billed for 2025. This will allow the continent’s most populous nation to create a platform where other African nations can exchange their goods and services. The Minister of Trade and Investment, Niyi Adebayo, disclosed this while at the groundbreaking ceremony […]

President, Major General Muhammadu Buhari (retd.) Signing a document
Business

Buhari signs business facilitation bill, five others

BuharThe President, Major General Muhammadu Buhari (retd.), has given assent to the Business Facilitation (Miscellaneous Provisions) Bill 2022 enacted by the National Assembly. This consent was given in furtherance of Section 58 (4) of the 1999 Constitution of the Federal Republic of Nigeria. To ensure the ease of doing business in Nigeria, the President sent […]

A Point of Sale machine
Business

Cashless policy: How to get PoS devices for your business

PosThe recent naira crisis experienced as a result of the redesign of the N200, N500, N1000 notes by the Central Bank of Nigeria has forced many Nigerians into cashless transactions. According to the Central Bank of Nigeria’s Governor, Godwin Emefiele, one of the reasons for this decision includes the hoarding of cash by the populace, […]

Business

Nasarawa boosts small businesses with N500m

Kazeem Owoseni     The Nasarawa State Government in collaboration with the bank of industry, has come up with another business strategy, by setting aside a total sum of N500 million as loans, to be given to the state’s indigenes for improving micro, small and medium enterprises across the the thirteen Local Government Areas, in […]

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