Tag: business news

By Aduragbemi Omiyale Many Nigerians have continued to applaud the partnership between the Dangote Refinery and MRS Oil Nigeria that led to the slashing of the price of premium motor spirit (PMS), otherwise known as petrol, to N935 per litre. The two energy firms recently sealed a deal for the sale of petrol from Dangote…

The World Bank has reviewed the target for Nigeria under the Digital Identity for Development (ID4D) increasing the number of Nigerians to be issued the National Identification Number (NIN) from 148 million to 180 million. According to the latest document on the project’s restructuring released by the Bank, while Nigeria missed the initial target of…

Peru is becoming a key destination for skilled professionals looking for new career opportunities in 2025. The country is focusing on filling skill shortages across several key sectors, including technology, healthcare, engineering, education, and business management the coming year. These industries not only offer career growth but also competitive salaries, with software developers earning up…

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emotimi Agama, has hinted that some crypto companies, that have applied to be registered by the Commission may not meet the requirements to get its approval. Agama stated this at a meeting with applicants under its Regulatory Incubation (RI) and Accelerated Regulatory Incubation Programme (ARIP)…

Governor Babajide Sanwo-Olu has approved the constitution of the Lagos State Electricity Regulatory Commission (LASERC), a key initiative aimed at advancing Lagos State’s energy sector. This development follows the signing of the Lagos Electricity Bill 2024 into law by the governor earlier in December. The disclosure was contained in a press release from the Office…

President Bola Tinubu has attributed cases of stampede at palliative distribution centers in Nigeria to poor planning, rather than economic hardship. Tinubu while speaking at a media chat in Lagos on Monday evening, argued that the multiple stampedes which have claimed over 60 lives were not a reflection of widespread hunger as claimed by many…

HOHHOT, CHINA – Media OutReach Newswire – 23 December 2024 – China’s National Forestry and Grassland Administration recently announced 40 forestry industry standards, among which the “Technical Specifications for Desertified Grassland Control” compiled by M-Grass Ecological Environment (Group) Co., Ltd. was included, providing technical support for the ongoing Three-North Shelterbelt Program. This photo taken on…

HOHHOT, CHINA – Media OutReach Newswire – 23 December 2024 – China’s National Forestry and Grassland Administration recently announced 40 forestry industry standards, among which the “Technical Specifications for Desertified Grassland Control” compiled by M-Grass Ecological Environment (Group) Co., Ltd. was included, providing technical support for the ongoing Three-North Shelterbelt Program. This photo taken on…

HOHHOT, CHINA – Media OutReach Newswire – 23 December 2024 – China’s National Forestry and Grassland Administration recently announced 40 forestry industry standards, among which the “Technical Specifications for Desertified Grassland Control” compiled by M-Grass Ecological Environment (Group) Co., Ltd. was included, providing technical support for the ongoing Three-North Shelterbelt Program. This photo taken on…

President Bola Ahmed Tinubu has reaffirmed his administration’s stance on the removal of fuel subsidies, describing the decision as a necessary and forward-looking policy to safeguard Nigeria’s economic future. Speaking during his first presidential media chat on Monday night, Tinubu maintained that he has no regrets about taking the bold step, despite the controversies and…

By Adedapo Adesanya National security agencies led by troops of the 6 Division have recorded significant milestones in the fight against oil theft, including the dismantling of 37 illegal refining sites, the seizure of six boats, the arrest of 10 suspected oil thieves, and the recovery of over 130,000 litres of stolen products. These feats…

By Adedapo Adesanya National security agencies led by troops of the 6 Division have recorded significant milestones in the fight against oil theft, including the dismantling of 37 illegal refining sites, the seizure of six boats, the arrest of 10 suspected oil thieves, and the recovery of over 130,000 litres of stolen products. These feats…

By Modupe Gbadeyanka The chief executive of Access Bank Plc, Mr Roosevelt Ogbonna, has expressed the commitment of the company to building partnerships that drive sustainable growth. Speaking when the lender hosted the President of Germany, Mr Frank-Walter Steinmeier, in Lagos last week, he said the organisation will always leverage its deep expertise in cross-border…

By Adedapo Adesanya Nigeria’s Gross Domestic Product (GDP), as computed by the Central Bank of Nigeria (CBN), expanded by 3.4 per cent in the third quarter (Q3) of 2024, with output reaching N20.115 trillion, different from the 3.19 per cent growth quoted in Q2 2024 from an output of N18.285 trillion, according to the latest…

By Paolo Abamwa Last month, The American Business Council, brought together cybersecurity experts, tech leaders, and industry professionals for a cybersecurity conference themed Digital Transformation and Cybersecurity in Africa: Enhancing Information Security Using AI. The event focused on how Africa can leverage AI to strengthen its digital infrastructure and address the region’s growing cybersecurity challenges.…

Managing resources efficiently is essential for businesses aiming to maintain a competitive edge. Rising energy costs, fluctuating commercial gas prices, and increasing business electricity tariffs can significantly impact profitability. A successful energy management strategy helps companies control business energy bills, optimise usage, and implement energy-efficient measures. Utility Bidder has shown how proactive energy management can…

By Adedapo Adesanya Nigeria’s Gross Domestic Product (GDP), as computed by the Central Bank of Nigeria (CBN), expanded by 3.4 per cent in the third quarter (Q3) of 2024, with output reaching N20.115 trillion, different from the 3.19 per cent growth quoted in Q2 2024 from an output of N18.285 trillion, according to the latest…

The Nigerian stock market tracked by the All-Share Index (ASI) ended in the green on December 23, 2024, with a modest gain of 227.06 points, closing at 101,356.15, a rise of 0.22% as it approaches the 101,500-mark. However, market volume dipped from 513 million shares to 503 million shares, reflecting a 2% decrease from the…

The 2023 National Health Facility Survey (NHFS) has revealed concerning gaps in tuberculosis service availability across Nigeria, with only 16.2% of health facilities offering tuberculosis (TB) diagnosis and management services. The survey was conducted by the National Bureau of Statistics (NBS) in collaboration with the Ministry of Health and Social Welfare, with technical support from…

President Bola Ahmed Tinubu will hold his first Presidential Media Chat tonight, marking a significant moment in his administration’s engagement with Nigerians. The highly anticipated broadcast is scheduled for 9 p.m. and will be aired on the Nigerian Television Authority (NTA) and the Federal Radio Corporation of Nigeria (FRCN). The broadcast will be transmitted on…