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Tag: Nigeria

Reception view of KUDA bank
Business

IWD: Kuda plans month-long events for female professionals

Kuda Microfinance Bank has announced plans to organise a sequence of events lasting a month for female professionals, aimed at commemorating this year’s International Women’s Day. The objective is to foster equity and support the professional advancement of women. According to The Punch, a statement from Kuda revealed that the objective of the campaign was […]

Group backs sale of NNPC
Business featured

Experts frown as NNPCL appoints expatriate subsidiary head

Experts and operators have raised concerns and frowned on the appointment of Jean-Marc Cordier to lead the oil trading arm of the Nigerian National Petroleum Company Limited. The Punch reported that the appointment of Cordier to lead NNPC Trading Ltd, a subsidiary of NNPCL, was announced in a statement released in Abuja by the company’s […]

Poultry Farm
Business

Nigeria’s poultry industry may collapse by May – Operators

Operators in the Nigeria’s poultry sector and businesses have on Monday warned that the poultry industry may collapse before the end of May following the prolonged scarcity of Naira in the country. The Punch gathered that eggs were not being sold owing to the inability of consumers to purchase with cash. According to the report, […]

Business featured

DMO to auctions N360bn FG bond Monday  

The Federal Government of Nigeria will be carrying out a bond auction today (Monday) through the Debt Management Office. AMBusiness reported that the DMO Federal Government of Nigeria Bonds valued at N360 billion for subscription through auction. DMO said the first offer is a February 2028 FGN Bond valued at N90 billion (10-year re-opening), at […]

Nigerian firm seals $750k solar deal
Business featured

FG to provide subsidies for solar power developers 

The Rural Electrification Agency has revealed that the Federal Government intends to provide subsidies to developers of mini-grids powered by solar energy. The aim is to install these mini-grids at 150 electricity sites in seven states that are currently underserved or not served at all. The Punch reported that the Federal Government On Friday issued […]

Ikeja Electric Distribution office
Business featured

Lagos community begs Ikeja Electric foe new transformer  

Members of Alimosho Local Government Area of Lagos, have appealed to a Nigerian Distribution Company, Ikeja Electric to fulfil the promise it made to install a relief transformer to the community. The members of the local government that made that plea with the DISCO company are those of the Prestige Community Development Association in Heritage […]

inflation
Business featured

Nigeria’s inflation rate hits 21.91%

The National Bureau of Statistics on Wednesday reported that Nigeria’s inflation rate has risen to 21.91%. The increase in inflation rate accounts for about 0.09 per cent  from the previous January inflation rate of 21.82 per cent. This information was revealed by a recent Consumer Price Index report by the National Bureau of Statistics on […]

Logo of the International Air Transport Association
Business

Foreign airlines stranded funds hit $743m

The International Air Transport Association revealed on Tuesday that the foreign airline funds trapped in Nigeria have increased from $662m in January 2023 to $743,721,09. This was according to a letter addressed to the Minister of Aviation, Hadi Sirika, and accessed by The Punch. The letter was signed by the Area Manager West and Central […]

Logo and the photo of the Central Bank of Nigeria's building
Business

CBN holds MPC meeting March 20, 21

The Central Bank of Nigeria has on Tuesday announced the date for its 290th Monetary Policy Committee meeting. According to the announcement, it is a two-day meeting and it will be held on March 20 and 21, 2023 in Abuja. This was revealed in a post on the CBN’s verified Twitter account accessed by AmBusiness […]

Asset
Business

Group target ‘ambitious’ N30trn asset in 30 years

Lancelot Group has announced its  projections to grow its assets to N10tn in the next 30 years. The Group Executive Chairman Mr Adebayo Adeleke, said this in a statement during a lunch event organised in commemoration of the the 30 years anniversary of the Group Ventures Limited in Ikeja, Lagos. Lancelot Group operates in the […]

Charcoal
Business

Group to enlighten charcoal producers on tree planting

The National Charcoal Producers, Dealers and Exporters Association of Nigeria plans a consultative meeting with government agencies to enlighten charcoal stakeholders on the importance of afforestation, known as tree planting. The association disclosed this on Sunday in a statement accessed by the News Agency of Nigeria in Abuja. The National President of the association, Mr […]

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