Business
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World Bank appoints new country director for Nigeria
July 9, 2024
World Bank appoints new country director for Nigeria
The World Bank yesterday appointed Dr. Ndiamé Diop as new Country Director for Nigeria. The bank in a statement said: “The…
Zenith Bank wins ‘Best Commercial Bank in Nigeria’ and ‘Best Corporate Governance’ awards
July 9, 2024
Zenith Bank wins ‘Best Commercial Bank in Nigeria’ and ‘Best Corporate Governance’ awards
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award…
GTCO set to float N400bn public offer, targets acquisition
July 9, 2024
GTCO set to float N400bn public offer, targets acquisition
Guaranty Trust Holding Company, GTCO Plc, has concluded arrangement to raise N400 billion fresh capital in pursuit of the Central Bank…
Foreign investments in manufacturing down 57.4% to N192bn in Q1’24
July 8, 2024
Foreign investments in manufacturing down 57.4% to N192bn in Q1’24
In apparent reflection of the harsh business environment in Nigeria over the past year, the inflow of foreign investments into the…
Crypto traders to start paying 7.5% VAT July 8
July 5, 2024
Crypto traders to start paying 7.5% VAT July 8
Cryptocurrency traders in Nigeria will start paying 7.5 percent value-added tax (VAT) with effect from July 8, 2024. A cryptocurrency platform,…
Jumia integrates Sprinklr’s AI-powered platform to boost customer experience
July 5, 2024
Jumia integrates Sprinklr’s AI-powered platform to boost customer experience
Jumia, an e-commerce platform, has integrated Sprinklr’s AI-Powered Unified customers experience management platform to improve customer experience across 11 African countries. The…
Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24
July 3, 2024
Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24
•Naira depreciates across market segments The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY)…
Credit to government rises by 42% to N28.4trn
July 2, 2024
Credit to government rises by 42% to N28.4trn
Credit to the government rose by N8.4 trillion or 42 per cent, month-on-month to N28.4 trillion in May from N19.98 trillion…
Multinationals’ exit, opportunity for domestic industries — MAN DG
July 1, 2024
Multinationals’ exit, opportunity for domestic industries — MAN DG
The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has contended that the recent exit of some multinational…
GPP Launches Innovative Ecoline Web Printing Machine, Pledges To Curb Capital Flight
June 20, 2024
GPP Launches Innovative Ecoline Web Printing Machine, Pledges To Curb Capital Flight
Global Plus Publishing (GPP) a leading printing company in Nigeria has declared its readiness to address capital flight with its…