BUSINESS
ANAN Abuja Chairman, Omoniyi Felicitates With Oduwa Izekor On Investiture As ICAN Abuja, District Society Chairman
The Chairman Association of National Accountants of Nigeria, ANAN FCT 1, Abuja, Wahab Shina Omoniyi, FCNA has congratulated Mr. Oduwa Joseph Izekor FCA on his investiture as the Institute of Chartered Accountants of Nigeria, ICAN Abuja and District S...
Tinubu Tells IMF That Nigerians Are Happy With His Economic Reforms
President Bola Tinubu has said Nigerians are now seeing the positive results of his administration’s reforms. Since he assumed office in May 2023, Tinubu has scrapped subsidy on petroleum products and floated the naira, the result of which worsened inflation and subjected the masses to hardship. But receiving the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, on the...
Global Finance 2020: Zenith Bank Emerges Best Bank In Nigeria
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period from Jan. 1 to Dec. 31, 2019. Global...
FG Commences Disbursement Of N50b Grants To Small Business Owners
Beneficiaries of the Federal Government’s N50,000 grant for nano business owners have started receiving credit alerts. Minister for Industry, Trade and Investment Dr Doris Uzoka-Anite, who confirmed this at the weekend, said no fewer than 200,000 small business owners have received the payment. According to her, 800,000 others will get their grants before the close of the programme by May 31. This...
Total Blackout In Abuja, Abia, Imo, Others As National Grid Collapses
Abuja Electricity Distribution Company, AEDC has confirmed power outage in Abuja due to collapse of national grid. AEDC in a statement on its Twitter page blamed the power outages in parts of FCT on the grid collapse. It electricity company said the situation was being handled and that power would be restored in the shortest possible time. A statement from the AEDC...
Nigeria’s Inflation Overshoots World Bank Projection By 20%
DESPITE raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above the World Bank’s projection of 15.5 per cent. In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business ...
Organic Farming Alone Can’t Feed Nigeria’s Population – AFAN
The All Farmers Association of Nigeria (AFAN) has expressed concern over the viability of organic farming as a sole solution to Nigeria’s food security challenges, citing its limitations in meeting the demands of the country’s rapidly growing population. Speaking in an interview with journalists in Lagos on Friday, Mr. Femi Oke, the chairman of AFAN for the Southwest and Lagos...
Coca-Cola Indicted On Product Description – FCCPC
FCCPC accuses Coca-Cola and Nigerian Bottling Company for alleged misleading trade descriptions, ‘Original Taste, less Sugar’ in their product. Nigeria’s Federal Competition and Consumer Protection Commission, FCCPC disclosed this in a statement released to DAILY POST on Thursday. The commission in the statement found Coca-Cola Nigeria and NBC in violation of section 116 of the FCCPC Act as well as...
Report Officials Who Demand For Bribes To Me, Tinubu Tells Foreign Investors
President Bola Tinubu has called on investors to report any of the Nigerian officials who demand bribes from them before they invest in the country. The president said this during the Nigeria-Qatar Business and Investment Forum in Doha, on Sunday while assuring the Qatar’s capitalists of the readiness of Africa’s largest economy to accommodate and do business with them. This was...
Fuel Subsidy Will End By 2023, It’s Unsustainable – Buhari
President Muhammadu Buhari has affirmed that the costly fuel subsidy will end by 2023. Buhari said this on Friday during the presentation of the proposed 2023 budget to the national assembly, in Abuja. Buhari had presented a record N20.51 trillion 2023 appropriation bill to the national assembly, earlier on Friday. He said the subsidy was no longer sustainable considering the current fiscal impact. “As we seek...
