By Bosede Olufunmi The Federal Government has disbursed over N107 billion to no fewer than 900,000 beneficiaries across Nigeria’s six geo-political zones. The News Agency of Nigeria (NAN) reports that the disbursement is under the Presidential Grant and Loan Scheme for Micro, Small, and Medium Enterprises (MSMEs). The Managing DirectorContinue Reading
By Emmanuella Anokam The Presidential Compressed Natural Gas Initiative (P-CNGI), in partnership with the National Union of Road Transport Workers (NURTW) has begun the enforcement of 40 per cent public transport fare reduction on CNG converted commercial vehicles. The P-CNGI made this known in Abuja on Friday, while marking theContinue Reading
By Peter Uwumarogie The Federal Government, through the Bank of Industry (BoI), has disbursed N2.25 billion to support 16,696 Micro, Small, and Medium Enterprises (MSMEs) in Gombe. Dr Olasupo Olusi, Managing Director and Chief Executive Officer of BoI, confirmed this during a town hall meeting held in Gombe on Friday.Continue Reading
By Taiye Olayemi The Ekiti State Government has expressed its readiness to partner with the Chartered Institute of Stockbrokers (CIS) to upscale capacity building on financial intelligence for top-level government officials. This is in line with the institute’s financial literacy programme and following plans to introduceContinue Reading
By Taiye Olayemi The Securities and Exchange Commission (SEC) has uncovered another suspected illegal investment platform identified as TOFRO.COM (Tofro). The commission raised the alarm in a notice issued on Thursday and made available to newsmen. The commission warned Nigerians against falling for their tactics to obtain money from themContinue Reading
By Ginika Okoye Four banks have posted N979.77 billion as Profit Before Tax (PBT) for the first quarter of 2025 ended March 31. The News Agency of Nigeria (NAN) correspondent, who monitored banks’ quarter I unaudited financial statements posted on the Nigerian Exchange Group (NGX) platform, reveals that all theContinue Reading
By Taiye Olayemi The Nigerian Exchange Group (NGX) has announced a profit of N2.1 billion for the first quarter of 2025. The Exchange disclosed this in its unaudited financial statement released on Wednesday. This represents an increase compared to the N1.34 billionContinue Reading
By Taiye Olayemi Nestlé Nigeria has reported a 61 per cent revenue growth of N294.9 billion in first quarter of 2025. This is compared to N183.5 billion reported for the first quarter of 2024. The companyContinue Reading
By Diana Omueza Mr Adegboyega Oyetola, the Minister of Marine and Blue Economy, says Nigeria has successfully surmounted port challenges and ports are now attracting major container carriers and generating revenue for the country. Oyetola said this on Wednesday in Abuja while receiving members of Study Group 4, Senior ExecutiveContinue Reading
By Okeoghene Akubuike Sen. George Akume, Secretary of the Government of the Federation(SGF), has inaugurated the Nigeria Procurement Certification Portal to standardise and professionalise procurement certification in Nigeria. Akume, represented by Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy, inaugurated the portal in Abuja on Wednesday.Continue Reading
