By Lucy Ogalue The African Development Bank (AfDB) has signed a 75 million dollar loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The bank announced this in a statement issued on its website late Thursday. According to the statement, the loan will enable Indorama to increase its fertiliserContinue Reading
By Rukayat Adeyemi Zenith Bank Plc. on Thursday expressed optimism that it would submit its 2023 full-year audited financial statement to the Nigerian Exchange Ltd. (NGX) on or before April 30. The Company Secretary, Zenith Bank Plc., Mr Michael Otu, stated this in a notification sent to the NGX inContinue Reading
By Rukayat Adeyemi Shareholders of Africa Prudential Plc., on Thursday unanimously approved a total dividend of N900 million declared by the company for the financial year ended Dec. 31, 2023. They gave their approval at the company’s 11th Annual General Meeting (AGM) in Lagos. The News Agency of Nigeria (NAN)Continue Reading
By Nefishetu Yakubu Edo Government on Tuesday signed a Memorandum of Understanding (MoU) with LAPO Microfinance Bank for the disbursement of N300 million to Micro, Small and Medium Enterprises (MSME) across the State. The News Agency of Nigeria (NAN) reports that the Secretary to the State Government (SSG), Osarodion Ogie,Continue Reading
By Rukayat Moisemhe The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has emphasised the need for governance practitioners and capital market operators to fully embrace the adoption of Artificial Intelligence (AI) in their operations. Mrs Abiola Laseinde, Chairman, Corporate Members and Training Committee, ICSAN, gave the advice atContinue Reading
By Rukayat Moisemhe The Nigerian-American Chamber of Commerce (NACC) has tasked Nigerian businesses, especially Micro, Small and Medium Enterprises (MSMEs) on global standards for competitiveness. The President, NACC, Dame Adebola Williams, said this at a news conference to unveil activities lined up for the 2024 edition of the Africa FoodsContinue Reading
By Justina Auta An NGO, HEIR Women Hub, has called for gender equality in access to business funding and investment to address challenges faced by female entrepreneurs in Nigeria. Añuli Aniebo, the Executive Director of HEIR Women Hub, made the call in Abuja. Aniebo said a survey conducted by theContinue Reading
By Okeoghene Akubuike With the continuous increase in the price of bread, many residents of the Federal Capital Territory (FCT) say they are struggling to keep up with the cost of the staple food. The residents, who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, pleadedContinue Reading
By Yunus Yusuf Hajia Aisha Mahmud, Commissioner, Customers Affairs, Nigerian Electricity Regulatory Commission (NERC), has cautioned electricity consumers against self- procurement of transformers, cables and accessories without formal agreement with distribution companies. Mahmud gave the warning at the commission’s three-day Customers Complaints Resolution Meeting with Eko Electricity Distribution Company’sContinue Reading
By Rukayat Moisemhe Mr Ebenezer Olufowose, Managing Director, First Ally Capital Ltd., has projected moderate expansion of the country’s Gross Domestic Product (GDP) in the first quarter of the year. He said this during the Nigerian-British Chamber of Commerce (NBCC) members’ evening/induction on Thursday in Lagos. The News Agency ofContinue Reading
