Debt By Constance Athekame The Minister of Power, Mr Adebayo Adelabu on Sunday said that a meeting has been scheduled between President Bola Tinubu and the leadership of the Power Generation Companies(GenCos) over a N4-trillion debt. Mr Bolaji Tunji, Special Adviser, Strategic Communications and Media Relations to the minister ofContinue Reading
By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC) has stated that WhatsApp’s threat to exit Nigeria following a recent regulatory order will not absolve the company from any legal consequences. In a statement issued on Saturday in Abuja, the FCCPC’s Director of Corporate Affairs, Mr Ondaje Ijagwu,Continue Reading
By Olawunmi Ashafa The Managing Director of Wema Bank, Mr Moruf Oseni, says the bank’s foremost goal is returning to Nigeria’s top tier of banking. He stated this during the Gala Night in Lagos, celebrating the bank’s 80th anniversary under the theme, ‘80 Years ofContinue Reading
By Victor Nwachukwu The Federal Government (FG) says it has disbursed the sum of N1.48 billion in loans to 29,000 small business owners in Imo. The Managing Director of the Bank of Industry, Dr Olasupo Olusi said this at a town hall meeting on the FG’s loan scheme for Micro,Continue Reading
By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) closed on a positive note on Friday, as the stock market gained N151 billion, driven by strong investor interest in select equities. The market capitalisation rose by N151 billion or 0.23 per cent to close at N66.647 trillion, up from N66.496 trillionContinue Reading
By Martha Agas The Nigeria Customs Service (NCS) said it has recorded a total of 69 currency declarations with the deployment of its Electronic Currency Declaration Form (e-CDF) at the Nnamdi Azikiwe International Airport, Abuja. The spokesman of the service, Abdullahi Maiwada, announced this in a statement on Friday inContinue Reading
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
