Tinubu Signs Executive Orders to boost Nigeria’s Oil, Gas Sector President Bola Tinubu has signed an executive orders with policy directives that will improve the investment climate and position Nigeria as the preferred investment destination for the oil and gas sector in Africa. In a statement by presidential spokesman, Ajuri[Read More…]
FBNQuest, Metropolitan educates Nigerians on Islamic Estate Planning FBNQuest Trustees, a subsidiary of FBN Holdings, has partnered with the Metropolitan Law firm to host the sixth Islamic Estate Planning Clinic to enlighten individuals on the importance of estate planning under Islamic law. FBNQuest Trustees, a subsidiary of FBN[Read More…]
Dangote names Refinery Road after Herbert Wigwe Aliko Dangote, founder of Dangote group of companies, on Monday named the 120 kilometer stretch of road to his refinery after Herbert Wigwe, former group CEO of Access Corporation Plc. Dangote made the pronouncement at the celebration of professional excellence in honour of[Read More…]
CBN slashes Customs FX duty rate by 5.3% as naira stabilies The Central Bank of Nigeria (CBN) has further slashed the exchange rate for computing Customs duties at the nation’s seaports by 5.3 percent following the stability in the exchange rate of naira to the dollar. The Customs FX duty[Read More…]
Lagos vows to enforce monthly rental policy The Lagos State government through its Special Adviser to the governor on Housing, Barakat Odunuga-Bakare, has said that the state’s monthly rental scheme will be enforced before the end of 2024 or early next year. Odunuga-Bakare who stated this during a press[Read More…]
Access Bank to Empower over 700,000 MSMEs with N50bn Loans Access Bank, Nigeria’s largest bank by customer base has launched a “YouThrive” initiative which aims to empower 700,000 MSMEs in the country through a N50 billion loan. Deputy Managing Director, Access Bank, Victor Etuokwu made the announcement during a[Read More…]
Sterling Bank, EAS To Grow FX Earnings For Nigerian SMEs. Sterling Bank Ltd., Nigeria’s leading commercial bank, has proudly announced a strategic partnership with Export And Sell Nigeria Limited (EAS), a leading international trade consultancy, to organize the “Export to Wealth” conference. In a release on Monday, the company[Read More…]
SERAP sues Tinubu over alleged missing $3.4bn IMF loan Socio-Economic Rights and Accountability Project has filed a lawsuit against President Bola Tinubu over “the failure to probe the grim allegations that $3.4 billion loan obtained by Nigeria from the International Monetary Fund to finance the budget and respond to COVID-19[Read More…]
FG to launch $350 billion global outsourcing market for youth employment The Nigerian government is set to launch the Outsource to Nigeria Initiative (OTNI) to engage with the global outsourcing market, which has grossed nearly $350 billion to unlock huge employment prospects for its burgeoning youth population. The[Read More…]
EnjoyCorp acquires champion breweries plc from Heineken EnjoyCorp Limited, a holding company specializing in food, beverage, and hospitality brands has acquired Champion Breweries Plc. Champion Breweries Plc in a statement signed on Thursday by its Chairman, Imo-Abasi Jacob, said EnjoyCorp Limited reached an agreement with Heineken B.V to acquire[Read More…]
