Cement price to drop to N7000 Cement manufacturers have agreed to bring down the price of the product to between N7,000 and N8,000 per 50kg depending on the location nationwide. The agreement was reached during a meeting initiated by the Minister of Works, David Umahi, and attended by his counterparts[Read More…]
Dangote refinery concludes arrangement for first fuel export The 650,000 barrels per day Dangote Refinery has concluded plans to export its first fuel cargoes, according to a report. The refinery has issued tenders to sell two fuel cargoes for export, Reuters reported Wednesday, quoting trading sources with knowledge of the[Read More…]
Nigerian Breweries suffers 860% loss in 2023 financials Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent loss. Company Secretary, Nigerian Breweries, Uaboi Agbebaku, stated this in the audited[Read More…]
Stanbic IBTC Brokers To Train Businesses On Fire, Burglary Insurance Stanbic IBTC Insurance Brokers, a subsidiary of Stanbic IBTC Holdings, will hold a free Fire and Burglary Insurance webinar. The training is to help business owners protect their businesses and mitigate against losses that can occur from fire outbreaks[Read More…]
Ecobank Nigeria, Soto gallery invites emerging Nigerian Artists to participate in an International Art Exhibition Ecobank Nigeria has entered a strategic partnership with Soto Gallery to organize an international art exhibition for emerging young Nigerian artists. The exhibition tagged: +234Art is a 10-day art fair in the[Read More…]
Wema Bank, NYSC partners to Launch Nationwide Youth Empowerment Initiative Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first-fully digital bank, ALAT, has collaborated with the National Youth Service Corps (NYSC) to launch the NYSC-ALAT Accelerator Programme, a strategic partnership to enable smooth and profitable entry into the[Read More…]
Umahi replies FIRS, says Tinubu not against tax credit The Minister of Works, David Umahi, has stated that President Bola Tinubu is not opposed to the use of taxes from companies to fund road projects. He said the scheme, which is under the Road Infrastructure Development and Refurbishment Investment Tax[Read More…]
CBN stops dollar cash for BTA/PTA over Naira Devaluation The Central Bank of Nigeria (CBN) has announced that it will no longer allow cash for Business Travel Allowance (BTA) and Personal Travel Allowance (PTA). The Apex bank said all such allowances are to be issued in cards. [Read More…]
NSIA Announces $220, 000 Innovation Prize for Start-Ups The Nigeria Sovereign Investment Authority (NSIA) has announced the second edition of the NSIA Prize for Innovation (NPI 2.0), with a combined prize value of $220,000, for Nigerian star-ups. According to a statement by the organisation, in Abuja the prize goes[Read More…]
FirstBank to reward customers with N36m reward in FirstMobile cash-out promo FirstBank has launched the second season of its Cash Out promo designed to reward users of FirstMobile, its mobile banking solution with cash prizes totalling N36 million. The bank in a statement explained that, “the FirstBank Cash[Read More…]
