Business

Cashew industry generates over $400m from export –

  • 23rd January 2026

Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

Seplat Energy appoints Tony Elumelu as non-executive director

  • 22nd January 2026

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Cashew industry generates over $400m from export – FACAN

Business

CBN refund billions as 2025 customer complaints hit record

featured Finance

Tinubu approves incentives to fast-track Shell’s $5bn Bonga S’west

Business

FG disburses N152bn to contractors amid ongoing payment protests

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Tag: market

Top five safest countries to travel in 2024
News

Top five safest countries to travel in 2024

Iceland has emerged as the safest country to travel to in 2024 in a new report from International SOS— which provides travelers with priceless information on medical and travel security risks. International SOS projects which countries are the safest, which are the riskiest, and what problems travelers will have in the upcoming year in its […]

Nigeria’s biggest syringe manufacturer shuts down
News

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 affecting our business operations” are the reason for the decision. In 2017, the company was commissioned by former Vice President Yemi Osinbajo, which is thought to be the biggest syringe-manufacturing enterprise in Africa. […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

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 Spirit, commonly known as petrol. This was announced in a statement on X which was signed by the company’s chief corporate communications officer, Olufemi Soneye, as it warned motorists against panic buying. The statement came […]

NGX Group reports N5.2bn after tax
Business

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 increased by around N2.063 trillion. This increase was accompanied by a 5.11% increase in the NGX All-Share Index. Starting on December 27 at 73,768.64 points, this increasing trend reached a closing value of […]

Aviation

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 among the most punctual airlines in the Middle East and Africa region in 2023. AMBusiness reports that Safair ranked second on the list with an excellent on-time arrival percentage of 92.36%, while Kenya […]

Manufacturers warn price hikes to persist without solutions
featured

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 not in the first half of the year. According to Arise News, the declaration was contained in MAN’s “Manufacturing Sector Outlook for 2024,” which was released on Tuesday by MAN’s Director General, Mr. […]

AG Mortgage completes first tranche of N2bn fundraising
Business

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 N2 billion Tier 2 capital issuance has been completed. According to The PUNCH, this was accomplished through the use of its Special Purpose Vehicle, AG Funding SPV Limited. The bank statement revealed that […]

Transportation

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 reported that the NRC’s Managing Director, Fidet Okhiria, said this in an interview on Monday. “What is limiting us is the night operations, and that is not how trains should operate. The train is designed […]

Inflation causes decline in private sector productivity, employment - PMI
Business

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 climbing to 52.7 from 48.0 in November. The PUNCH reported that despite the increase, the business forecast for the new year is the lowest it has been since 2014. The increase was the […]

Manufacturers warn price hikes to persist without solutions
Business

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 has stated that 2024 may not be a good year for manufacturers and that the first six months of the year will be difficult for industry players. The association’s Director-General announced this in […]

NAFDAC cuts licensing fees by 65%
Business

NAFDAC cuts licensing fees by 65%

The National Agency for Food and Drug Administration and Control reported that the processing fee for renewing registration for domestically manufactured items has been cut by 65% to N44,200. According to the News Agency of Nigeria, the agency’s Director-General, Mojisola Adeyeye, revealed the information in a statement published by NAFDAC media consultant, Olusayo Akintola, in […]

FBNH, GTCO join NGX banking index
Business

FBNH, GTCO join NGX banking index

The Nigerian Exchange Limited reviewed the indexes and added some banking stocks to the Banking Index, including FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc. The PUNCH reported that according to a corporate announcement made by the exchange on Tuesday, the equities of Jaiz Bank, Unity Bank, Wema Bank, […]

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