Nigeria Business Now Archives - Page 21 of 81

Labour

Electricity workers picket headquarters of Kaduna Disco, demand seizure of company licence

Electricity workers picket headquarters of Kaduna Disco, demand seizure of company licence The licence of Kaduna Electricity Distribution Company (KAEDC) should be withdrawn, according to protesting workers who have already picketed the entrance of the company. The workers, under the aegis of the National Union of Electricity Employees (NUEE),[Read More…]

March 12, 2024 by Eberechi Constance Comments are Disabled

Labour

Chudi Offodile takes over Bashir Jamoh as Acting NIMASA DG

Chudi Offodile takes over Bashir Jamoh as Acting NIMASA DG Chudi Offodile has taken over the affairs of the Nigerian Maritime Administration and Safety Agency (NIMASA, as the Executive Director, Finance and Administration from the outgoing DG, Bashir Jamoh. Jamoh’s tenure ended on March 10, 2024. In a statement[Read More…]

March 12, 2024 by Eberechi Constance Comments are Disabled

Business

TCN Transmission vandalized for the fifth time in 4 weeks

TCN Transmission vandalized for the fifth time in 4 weeks The Transmission Company of Nigeria (TCN) has reported a destruction of its infrastructure -the Shiroro-Katampe 330kV transmission line which makes it the fifth time the incident has occurred since February. A statement by the company said that the latest incident[Read More…]

March 11, 2024 by Eberechi Constance Comments are Disabled

Business

FX reforms paying off as overseas remittances swell by over 400% says CBN

FX reforms paying off as overseas remittances swell by over 400% says CBN On Thursday, the apex bank said overseas remittances into the country rose to $1.3 billion in February compared to $300 million in the preceding month. The bank’s acting Director, Corporate Communications Department, Mrs. Hakama Sidi Ali,[Read More…]

March 9, 2024 by Eberechi Constance Comments are Disabled

Business

CBN to sanction Microfinance banks over late submission of monthly returns

CBN to sanction Microfinance banks over late submission of monthly returns The Central Bank of Nigeria has threatened to sanction development finance institutions, primary mortgage banks, and microfinance banks regarding the timely submission of their statutory monthly returns through the Financial Institutions Returns Automation (FinA) application. The Apex Bank gave[Read More…]

March 8, 2024 by Eberechi Constance Comments are Disabled

Business

Tinubu Signs Executive Orders to boost Nigeria’s Oil, Gas Sector

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…]

March 7, 2024 by Eberechi Constance Comments are Disabled

FBNQuest, Metropolitan educates Nigerians on Islamic Estate Planning

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…]

March 6, 2024 by Eberechi Constance Comments are Disabled

Business

CBN slashes Customs FX duty rate by 5.3% as naira stabilies

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…]

March 5, 2024 by Eberechi Constance Comments are Disabled

Lagos vows to enforce monthly rental policy

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…]

March 5, 2024 by Eberechi Constance Comments are Disabled

Business

Access Bank to Empower over 700,000 MSMEs with N50bn Loans

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…]

March 4, 2024 by Eberechi Constance Comments are Disabled

Latest News

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