The Nigerian Shippers’ Council (NCS) has addressed concerns from importers and clearing agents regarding the implementation of the 1 percent freight stabilisation fee, reassuring them that the benefits outweigh the costs. Dr. Pius Akutah, the Executive Secretary of the NCS, explained that the fee’s implementation is crucial for the Council’s operations and is supported by … Read more
Zenith Bank Plc has successfully raised N350.4 billion in its hybrid rights issue and public offer, further solidifying its position as a key player in Nigeria’s financial sector. The hybrid offer, which combined a rights issue and a public offer, has been fully subscribed and received approval from the Central Bank of Nigeria (CBN) and … Read more
The European Union (EU) has reinforced its position as Nigeria’s largest trading and investment partner, recording a €10.7 billion trade surplus in 2023. Gautier Mignot, the Head of the EU Delegation to Nigeria and the Economic Community of West African States (ECOWAS), disclosed this during his maiden press briefing in Abuja. Mignot revealed that the … Read more
In an exclusive interview with Josephine Okojie, Michael Alasa, the dynamic CEO of Blakskill Limited, emphasizes an urgent call to action that many are hesitant to address: Africa, the continent with the world’s youngest population, is being left behind in the global talent race. With more than 60 percent of Africa’s people under 25, the … Read more
The Lagos State Government has sent a clear and firm message to residents of government-owned estates, stressing that violations of environmental rules and regulations outlined in their allocation letters will no longer be tolerated. The Ministry of Housing has recently received alarming reports about numerous infractions within various estates, including energy theft, neglect of shared … Read more
Transcorp Power Plc, a subsidiary of the Transcorp Group, has recorded impressive financial results for the year ending 2024, marking significant growth in both revenue and profitability. In its audited results, disclosed to the Nigerian Exchange (NGX) on Thursday, Transcorp Power revealed a remarkable 115% increase in revenue, soaring from N142.1 billion in 2023 to … Read more
The Accountant General of the Federation (AGF), Dr. Oluwatoyin Madein, has reaffirmed her dedication to promoting integrity, transparency, and a zero-tolerance policy for corruption in the accounting profession. This pledge was made during a courtesy visit by Dr. Davidson Alaribe, the 60th President of the Institute of Chartered Accountants of Nigeria (ICAN), and his team … Read more
Nigeria’s inaugural domestic dollar-denominated bond has significantly contributed to the nation’s debt stock, adding a substantial N1.47 trillion. This bond, as per the latest domestic debt report from the Debt Management Office (DMO), now accounts for 2.12% of Nigeria’s total domestic debt, which stood at N69.22 trillion as of September 30, 2024. The issuance marks … Read more
Nigerians living abroad have raised concerns over issues with passport printing at the Nigerian Consulates in Atlanta and New York. This prompted them to petition the Minister of Interior, Dr. Olubunmi Tunji-Ojo, seeking intervention to resolve the challenges they have been facing when applying for passports. In response, Dr. Tunji-Ojo has taken immediate action by … Read more
Made By Nigerians (MBN) has proudly announced its sponsorship of Qoray, an innovative Nigerian company dedicated to sustainable mobility solutions. This partnership underscores MBN’s vision to reposition Nigeria as a global leader in innovation while tackling some of the most pressing environmental challenges of our time. Qoray’s flagship creation, the Qoray Teak, is an electric … Read more