Nigerian News TodayBusiness Archives

Kosofe Chamber of Commerce Celebrates Excellence, Charts Path for SME Growth at President’s Dinner

December 27, 2024 by Adeshina Olalekan

The Kosofe Chamber of Commerce and Industry held its prestigious President’s Dinner and Awards Night in Lagos, spotlighting the resilience and achievements of businesses in the region amid global economic turbulence. The event, held at the iconic Fish Farm in Ogudu, brought together distinguished business leaders, public officials, and industry stakeholders to honor excellence and … Read more

NECA Urges Lagos to Halt Unjustified Harassment of Businesses Over Water Levies, Warns of Economic Consequences

December 26, 2024 by Ferdinand Miracle

The Nigeria Employers’ Consultative Association (NECA) has called for an immediate halt to the growing harassment of businesses in Lagos over water abstraction levies, urging the Lagos State Water Regulatory Commission (LASWARCO) to support struggling companies instead of adding to their burdens. This appeal follows reports that several factories in Lagos, including major manufacturing giants, … Read more

Unilever Nigeria Champions Transporter Safety with Two-Days Safety Week

December 26, 2024 by Ferdinand Miracle

Unilever Nigeria Plc has reaffirmed its commitment to road safety and operational excellence by hosting a two-daysTransporters Safety Week under the theme: Pressure Dey, No Panic Safety First. The event, held at the company’s Agbara facility, brought together logistics and supply chain stakeholders to celebrate exceptional performance and promote a robust safety culture. The program featured … Read more

Dangote Refinery’s Fuel Price Slash Sparks Hope for Economic Relief in Nigeria

December 25, 2024 by Adeshina Olalekan

The Nigeria Labour Congress (NLC), Lagos Council, has praised Dangote Refinery’s decision to reduce fuel prices, calling it a timely intervention for a nation grappling with economic hardships. NLC State Chairman Funmi Sessi, in a statement on Wednesday, expressed optimism that the move would alleviate the soaring costs of transportation, goods, and services, offering much-needed … Read more

NNPC Revolutionizes Oil and Gas Operations with Cutting-Edge Production Monitoring Centre

December 25, 2024 by Adeshina Olalekan

In a groundbreaking move to transform Nigeria’s hydrocarbon operations, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has unveiled its state-of-the-art Production Monitoring Command Centre (PMCC). This innovation promises to redefine efficiency and elevate production standards in the oil and gas sector. Spearheaded by NNPC’s Upstream Investment Management Services (NUIMS), the PMCC builds on the … Read more

N1.375bn Dividend to Be Paid by Vitafoam in 2025

December 25, 2024 by Joshua Ezim

Vitafoam Nigeria PLC has announced a proposed dividend of N1.05 per share, totaling N1.375 billion. The dividend awaits approval at the company’s 63rd Annual General Meeting, scheduled for March 6, 2025, in Lagos. This move highlights Vitafoam’s commitment to rewarding its shareholders despite a challenging year. The company reported strong financial growth for the year … Read more

Marketers Optimistic as Fuel Price Cuts Continue Amid Tinubu’s Fuel Subsidy Removal Policy

December 24, 2024 by Ferdinand Miracle

Nigeria’s oil marketers have expressed optimism about further petrol price reductions as President Bola Ahmed Tinubu remains steadfast in defending his decision to remove the fuel subsidy. Petrol prices, which skyrocketed following the subsidy removal in May 2023, have begun to decline due to increasing competition in the deregulated market. Currently, petrol prices range from … Read more

Kogi Assembly Approves 2025 Budget of N582.4 Billion

December 24, 2024 by Ferdinand Miracle

The Kogi State House of Assembly has officially passed the 2025 Appropriation Bill, totaling N582,404,119,489, following a detailed review and adoption of the report by the House Standing Committee on Appropriation, Budget Monitoring, and Economic Planning. During the clause-by-clause consideration led by the Committee of Supply, Speaker Rt. Hon. Aliyu Umar Yusuf announced the allocation … Read more

FCMB Group Secures Shareholder Approval for ₦340 Billion Capital Raise to Strengthen Banking Operations

December 23, 2024 by Ferdinand Miracle

FCMB Group Plc has received shareholder approval for a capital raise of ₦340 billion, marking a pivotal step in the company’s strategic expansion and compliance with regulatory requirements. The decision was finalized during an extraordinary general meeting held on December 19, 2024, in Lagos, with participation both in-person and virtually. The capital raise will primarily … Read more

Adebayo Slams Tinubu’s Economic Team as Uncoordinated and Illiterate, Warns of Dire Consequences

December 23, 2024 by Ferdinand Miracle

Bola Tinubu,Nigerian Economy,Prince Adewole Adebayo,Economic Policies,Finance Minister External Borrowing,Inflation in Nigeria,Unemployment in Nigeria,Nigerian Government Economic Illiteracy,Social Democratic Party (SDP),Nigeria News,INEC Controversy,Rotational Presidency,Political Critique

Former presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo, has criticized President Bola Tinubu’s economic team, labeling them as uncoordinated and suffering from economic illiteracy. In a no-holds-barred interview with DAILY POST, Adebayo questioned the competence of the administration’s economic policies, particularly their approach to external borrowing and inflation management. Adebayo expressed … Read more