Tag: business

New Zealand updated its Long-Term Skill Shortage List (LTSSL) in November 2024, listing 66 in-demand jobs. This gives skilled workers opportunities for work visas, family inclusion, and a path to permanent residency. DAAD’s recent report states that the updated LTSSL is a major opportunity for foreign workers, as it offers several visa options. These visas…

It’s the last international break of the year and Showmax Premier League is set to ignite the passion of football fans with a lineup of UEFA Nations League matches involving some of football’s biggest stars. The Nations League A is a cauldron of intense competition, with Portugal leading Group 1 and Italy dominating Group 2.…

The Network of Persons Living with Diabetes in Nigeria has raised concerns over the country’s insulin crisis, as rising prices push patients toward cheaper but riskier alternatives, increasing their chances of serious health issues. Marking World Diabetes Day 2024 with the theme “Diabetes and Wellbeing,” the group and its partners stressed the urgent need for…

By Dipo Olowookere Its outstanding performance in institutional cash management has earned Ecobank Nigeria a Client Excellence Award from Deutsche Bank AG. The Chief Country Representative of Deutsche Bank AG for Corporate Bank, Mr Andreas Voss, while presenting the award to the lender in Lagos, said it reflects Ecobank’s excellence in payment efficiency and cash…

The Federal Government has secured a $134 million loan from the African Development Bank (AfDB) to support farmers in enhancing seeds and grain production across the country. This was disclosed by the Minister of Agriculture and Food Security, Sen. Abubakar Kyari, CON, during the flag-off of the 2024/2025 National Dry Season Farming in Calabar. He…

By Modupe Gbadeyanka The need for the government to support Dangote Refinery to attract more investments in the country has been emphasised by the Manufacturers Association of Nigeria (MAN). They argued that frustrating investors like Mr Aliko Dangote could scare others from putting their money into the country’s economy. Speaking during a tour of the…

Nestlé Nigeria has announced the opening of applications for its 2025 Community Scholarship program, aimed at supporting high-achieving students in local communities. The scholarship is designed to assist senior secondary and tertiary students who are pursuing studies in Science and Technology. According to Nestlé, the scholarship program, launched in 2020, continues to provide financial assistance…

In a bid to enhance tax compliance and boost revenue collection, the Kenya Revenue Authority (KRA) has mandated all registered taxpayers in the country to authenticate their phone numbers on the iTax system. This online platform allows taxpayers to register, file returns, make payments, and manage their tax obligations remotely, facilitating seamless tax administration. “KRA…

Access Holdings Plc has announced that its banking subsidiary, The Access Bank UK Limited, has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited, the Republic of Mauritius’ fourth-largest bank by total assets. The announcement was detailed in a disclosure statement published on the Nigerian Exchange (NGX) platform and…

By Aduragbemi Omiyale Over 250 pints of blood have been donated by AXA Mansard Health to the Lagos University Teaching Hospital (LUTH), Idi Araba. The blood was donated by more than 100 employees of the leading health insurance company in Nigeria through its volunteering programme tagged AXA Hearts in Action. The initiative is part of…

The Experimental Aircraft Association, located in the U.S., has opened applications for its 2025 scholarship program, designed to support individuals pursuing careers in aviation or related fields. The aviation association offers scholarships to students of all ages, promoting opportunities in flight training, aeronautical engineering, air traffic control, and more. The scholarships aim to foster interest…

By Adedapo Adesanya Prices of the crude oil grades rebounded on Wednesday after the market weighed the reduced demand growth forecast of the Organisation of the Petroleum Exporting Countries (OPEC). Brent crude futures gained 39 cents or 0.5 per cent to $72.28 a barrel and the US West Texas Intermediate crude (WTI) futures went up…

The United States Agency for International Development (USAID) has announced a $2.3 million commitment to purchase malaria treatment tablets, a significant boost for public health efforts in Nigeria. This announcement was made via a statement issued by the United States (US) embassy in Abuja, Nigeria, on Tuesday, November 12. This procurement, to be facilitated through…

By Dipo Olowookere The Nigerian Exchange (NGX) Limited returned to winning ways on Wednesday after spending a day in the red territory due to profit-taking. Yesterday, Customs Street appreciated by 0.22 per cent on the back of bargain-hunting by investors amid renewed interest in banking equities. Apart from the insurance index, which closed lower by…

David Akiogbe, a 15-year-old student from Nigeria, has earned an exceptional SAT score, gaining national and international attention. With a perfect score of 800 in Mathematics and 780 in Reading and Writing, David achieved a total of 1580 out of a possible 1600 on the SAT, a significant milestone in his academic career. According to…

Exports and imports through the Port of Maputo and a border post with South Africa have been disrupted amid post-election unrest in Mozambique. Violence broke out last month after Daniel Chapo, candidate of the ruling Frelimo party, which has held power ever since independence in 1975, was declared the winner of presidential elections with 71%…

Nigerian businesses are preparing for continued naira depreciation over the next several months but hold cautious optimism for a potential rebound by May 2025, according to the latest Business Expectations Survey (BES) from the Central Bank of Nigeria (CBN). This sentiment highlights both immediate economic pressures and longer-term hopes for currency stabilization. In recent months,…

By Dipo Olowookere Sweden’s development finance institution, Swedfund, is putting about €20 million into Compagnie Financière Africaine (COFINA) to provide loans to Micro, Small and Medium-sized Enterprises (MSMEs) in the West and Central African regions. The credit facility is to enable the beneficiaries to grow their businesses, particularly women entrepreneurs, who have been starved of…

Generation Unlimited Nigeria (GenU 9JA), a collaborative platform led by the United Nations Children’s Fund (UNICEF), has empowered nearly nine million Nigerian youths in digital learning, skills development and livelihood pathways. This ambitious Public-Private-Youth-Partnership (PPYP) initiative is designed to help young people transition smoothly from education to productive employment and active citizenship. Cristian Munduate, UNICEF…

By Adedapo Adesanya The Economic and Financial Crimes Commission (EFCC) says it has successfully recovered looted N250 billion in cash between October 2023 and October 2024. According to the anti-graft agency, this underscores its renewed efforts in the fight against corruption and financial crimes. The EFCC said it also recovered millions of dollars, pounds, and…