Business
MTN, GLO, Others seek NCC approval for tariff increase
Nigeria’s telecommunications operators, MTN Nigeria, Globacom, and others, have asked the Federal Government, through the Nigerian Communications Commission (NCC), to approve an increase...
JCI Nigeria’s Creative Young Entrepreneurs Award: Combating Unemployment Through Innovation
Junior Chamber International (JCI) Nigeria, through its Creative Young Entrepreneurs (CYE) Award, has honoured five outstanding entrepreneurs during its recent JCI Nigeria Southern...
Family Businesses play significant role in Nigeria’s economy – LBS
The Dean of Lagos Business School (LBS), Professor Chris Ogbechie, has advised entrepreneurs on how family businesses can boost Nigeria’s economy and sustainability...
Oando Says It Recorded N78 Billion Loss in 2022
Oando Plc has released its 2022 Annual reports, consolidated and separate financial statements, revealing a staggering N78.71 billion loss. According to the company,...
Tinubu and Entourage to Visit Netherlands, Saudia Arabiafor Business
President Bola Tinubu is scheduled to depart Abuja on Tuesday, April 23, for an official visit to the Netherlands. Invited by Prime Minister...
Owner Of Chinese Supermarket Accused Of Discrimination Flees Premises With Family
The workers at an Abuja-based Chinese supermarket revealed on Monday that the owner, Cindy Liu Bei, along with her family, has fled from...
NERC Hands Regulatory Oversight to Enugu Electricity Commission
The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Enugu State to the Enugu State Electricity Regulatory...
CBN Reduces Banks’ Loan-to-Deposit Ratio to 50%
The Central Bank of Nigeria (CBN) has slashed banks’ Loan-to-Deposit Ratio (LDR) from 65% to 50% to enhance lending to the real sector...
Soldiers in Custody Over Alleged Theft of 897 Armoured Cables at Dangote Refinery
The Nigerian Army has detained two soldiers accused of stealing armoured cables at the Dangote refinery, according to a statement released on Wednesday...
CBN reduces commercial banks access to loans by 50%
The Central Bank of Nigeria (CBN) has reduced the loan-to-deposit ratio (LDR) for commercial banks from 65% to 50% as a means to...
CBN is Largely Depleting Nigeria’s Dollar Reserves to Improve Naira – Bloomberg
Nigeria’s foreign exchange reserves are dwindling at an alarming rate as reported by Bloomberg. Since March 18, the country’s liquid reserves have reportedly...
Wema Bank Reports Fraud Losses Amid Impressive Growth for 2023
Wema Bank, a Nigerian tier-2 financial institution holding ₦1.8 trillion ($1.6 billion) in consumer deposits, reported ₦685 million ($594,943) in fraud and forgery...