Latest Nigeria Business News
Indigenous digital payment service provider, Xpress Payment Solutions Limited, says it is driving financial inclusion by taking financial services to the unbanked, particularly, rural dwellers. The Managing Director/Chief Executive Officer of XPSSL, Oluwadare Owolabi, stated this while speaking on “payment initiatives: Driving digital financial services innovation,” at the 19th annual digital pay expo conference and […]
Dlobacom has said that three vocal artistes, including a Ghanaian spelling bee winner, Shifa Amankwah-Gabbey, will feature on this week’s edition of African Voices, a magazine programme it sponsors on Cable News Network. The two others, according to a statement on Friday, are Rwanda’s Sherrie Silver, who is a dance choreographer, actress, creative director and […]
Ethiopian Airlines on Friday announced that it had been meeting with the Federal Government and private sector players on plans to establish an international carrier for Nigeria. According to the airline, the lack of a national carrier in Nigeria that could compete favourably with other international brands was not good for the country and for […]
NIGERIAN equities recorded their largest loss in more than a month on Thursday as losses by telecommunication companies dragged the benchmark index down by 1.86 per cent, equivalent to net capital depreciation of N265 billion. The All Share Index (ASI)- the benchmark index declined by 543.70 points or 1.86 per cent to close at 29,256.60 […]
THE Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with the National Bureau of Statistics (NBS) has released the 2017 Micro Small and Medium Enterprises (MSMEs) survey showing 41.5 million operators in the country. Speaking yesterday at the unveiling of the survey in Lagos, SMEDAN Director-General, Umaru Dikko Radda, said the report […]
The Federal Government of Nigeria has reiterated its commitment towards building a strong capital market that will contribute to the growth and development of the country and can compare with similar markets anywhere in the world. This was disclosed by the Vice President, Prof Yemi Osinbajo, when the members of the Capital Market Master Plan […]
The Federal Government says it will soon approach key financial institutions including the Nigeria Export-Import Bank and the Bank of Industry to open new desks to oversee the funding of mining projects in the country. The coordinator of the Mineral Sector Support for Economic Diversification Project in the Ministry of Mines and Steel Development, Mr […]
The Manufacturers Association of Nigeria has called on the Federal Government to jettison the idea of increasing the Value Added Tax by 50 per cent. MAN President, Mansur Ahmed, made this call on Wednesday, during the 35th Annual General Meeting of the Rivers/Bayelsa Branch of the association, held in Port Harcourt. Ahmed explained that the […]
The Federal Government has reconnected three power distribution companies to the national grid and has lifted the suspension it slammed on the power firms after the Discos paid the stipulated fines attached to the infractions they committed, as well as fixed the deficiencies in their respective systems. The affected power firms include Enugu, Eko and […]
The Federal Government has order the Ministries, Departments and Agencies to ensure full compliance with the Executive Order 003 and patronise local manufacturers for their textiles and uniforms. The Central Bank Governor, Godwin Emefiele, said this on Thursday, during the meeting with service chiefs and chief executives of uniformed services in Nigeria, towards reviving the […]