Nigerian News TodayBusiness Archives

Food Security Boost: FG to Empower 500,000 Rice Farmers to Reduce Soaring Prices

February 2, 2025 by Adeshina Olalekan

The Federal Government of Nigeria is taking decisive action to combat rising food inflation by empowering 500,000 local rice farmers under the National Agricultural Growth Scheme—Agro Pocket (NAGS-AP) initiative. This large-scale agricultural intervention aims to address the persistent challenges facing rice production, boost local supply, and stabilize prices, which have soared in recent months. Kabir … Read more

Port-Harcourt and Warri Refineries Will Lead To Crash In Petrol Prices, Experts Say

February 1, 2025 by Adeshina Olalekan

In a groundbreaking development that is set to transform Nigeria’s energy landscape, the Federal Government has confirmed the full restoration of the Port-Harcourt and Warri refineries, a move that is expected to bring about a monumental shift in the country’s petroleum pricing and supply structure. The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) … Read more

What Makes Cutoshi the Perfect Tool to Help Startups Thrive in Disruption

February 1, 2025 by Adeshina Olalekan

In a world where economic instability and financial uncertainty are on the rise, the search for innovative tools to drive business growth has never been more crucial. Startups, especially in regions like Nigeria, are facing mounting challenges—from limited access to capital to inefficient banking systems. Amidst these challenges, a powerful solution has emerged: Cutoshi, a … Read more

FG Launches Tech Initiative to Train 10,000 Nigerian Youths, Empowering Future Innovators

January 30, 2025 by Ferdinand Miracle

The Ministry of Innovation, Science, and Technology, in collaboration with the Humanity Advancement Innovation Network (HAIN), has launched a game-changing initiative aimed at unlocking the immense potential of Nigerian youths. The new program, titled the Innovative Science and Technology Programme (ISTEP), is set to train and certify 10,000 innovators across 200 local government areas in … Read more

GLMC 2025 Inks 31 Deals to Train and Employ Youth, Fostering Global Workforce Development

January 30, 2025 by Ferdinand Miracle

The Global Labour Market Conference (GLMC) 2025 has officially launched its second edition in Riyadh, setting the stage for a transformative era of global workforce development. This year’s edition was highlighted by the signing of 31 pivotal agreements and Memoranda of Understanding (MoUs) on the very first day, a move that is expected to create … Read more

900 Winners Emerge in FCMB Millionaire Promo Season 10, with N1 Million Each for Four Lucky Customers

January 30, 2025 by Ferdinand Miracle

First City Monument Bank (FCMB) is making dreams come true with the launch of its Millionaire Promo Season 10. The first draw, held nationwide on January 15, 2025, saw four lucky customers walk away with N1 million each, while 900 others received cash prizes of up to N50,000. The four millionaire winners include Issa Aliyu, … Read more

Max Air Suspended for Three Months Over Safety Concerns After Landing Gear Failure and Tyre Burst at Kano Airport

January 30, 2025 by Ferdinand Miracle

Max Air has been temporarily suspended for three months following a serious safety incident involving one of its Boeing 737 aircraft, registration number 5N-MBD. The aircraft suffered a nose wheel landing gear collapse and a rear tyre burst while landing on Runway 06/24 at the Mallam Aminu Kano International Airport (MAKIA) on Tuesday, January 28, … Read more

Access Bank Wins ‘Global Bank of the Year’ Award; Aig-Imoukhuede Named ‘Titan of the Year’

January 30, 2025 by Ferdinand Miracle

Access Bank PLC, the flagship subsidiary of Access Holdings PLC, has been named the Global Bank of the Year 2024 by THISDAY Newspapers, cementing its position as a leading force in the global banking industry. This prestigious award was presented at the THISDAY Awards 2025, a momentous event marking the 30th anniversary of THISDAY Newspapers … Read more

UBA Hosts Webinar to Educate SMEs on 2024 Withholding Tax Regulations

January 29, 2025 by Ferdinand Miracle

United Bank for Africa Plc (UBA) is set to host a webinar aimed at educating small and medium-sized business owners on the new withholding tax regulations that came into effect in 2024. The Knowledge Series webinar, scheduled for Thursday, January 30, 2025, will focus on the topic “2024 Withholding Tax Regulations, Specific Emphasis on How … Read more

FG Grants 25-Year Gas Distribution Licenses to 10 Companies to Boost Domestic Gas Utilisation

January 29, 2025 by Ferdinand Miracle

In a move to enhance the utilisation of natural gas in Nigeria, the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has awarded 25-year gas distribution licenses to 10 companies. These licenses are aimed at the establishment, construction, and operation of gas distribution networks across various regions in the country. The … Read more