Business

Onikoyi: Nigeria Transmits Only 4000MW of Power Despite Needing 50,000MW Because It Hasn’t Extended Network in 40 Years

“The government of Nigeria has added no value to our electricity system,” says former Rivers State power consultant Onikoyi.

3 months ago

Report Reveals Only 11% of Informal Sector Businesses Use Conventional Banks For Savings, 39.5% Use Digital Banks

A report on Nigeria's informal economy showed 47.5% of businesses save through cooperatives, 39.5% use digital banks, 11% use traditional…

3 months ago

Access Holdings Commences N351bn Rights Issue To Strengthen Financial Position

Access Holdings Plc has launched its N351 billion rights issue, offering 17.8 billion shares at N19.75 each.

3 months ago

Trade Minister Uzoka-Anite Highlights Challenges Faced By MSMEs, Affirms Government Support

Trade Minister Uzoka-Anite, has outlined the government's commitment to supporting MSMEs through grants, policy development, aiming to boost job creation

3 months ago

Dangote Refinery Capable of Solving Nigeria’s FX Problems, Catalysing Economic Stability, Says S&P Global

S&P Global has highlighted Dangote Refinery’s capacity to enhance Nigeria's oil sector and reduce the need for fuel imports.

3 months ago

Nigeria Introduces New Mining Sector Rates To Boost Revenue, Ease Business

Dele Alake has announced new rates for mining licences and permits, aimed at boosting the sector's contribution to economic growth.

3 months ago

Oil Refiners Back Senate’s Probe of Dirty Fuels Import, Want End to Unfair Trade 

CORAN has declared support for Senate's probe into substandard diesel Imports, says it is crucial in addressing challenges in the…

3 months ago

CBN Issues Stern Warning to Banks Over Staff Malpractices Hindering Cash Circulation 

CBN has warned Deposit Money Banks and PoS operators against undermining cash availability, threatening dissuasive sanctions for non-compliance with regulations.

3 months ago

Samsung Electronics Anticipates 15-Fold Profit Surge In Q2 2024

Samsung Electronics anticipates a 15-fold profit surge in Q2 2024, driven by soaring AI chip demand.

3 months ago

Nigeria Secures Right To Host Headquarters of African Energy Bank In Abuja

Nigeria has emerged as host for the African Energy Bank headquarters, a $5bn institution aimed at supporting Africa’s energy transition.

3 months ago