Tag: business news

Dubai has emerged as a major hub for family offices, with entities in the city managing over $1 trillion in assets. This development reflects the growing appeal of the emirate to ultra-high-net-worth individuals seeking favorable financial environments. The United Arab Emirates is projected to become the leading destination for relocating millionaires in 2024, according to…

By Adedapo Adesanya The United Kingdom Government has backed solutions offered by stakeholders from the government and private sector to address Nigeria’s cybersecurity challenges. Recently, industry players met in Abuja and Lagos at the Nigeria Cybersecurity Stakeholder Roundtable organised with support from the UK’s Department for Business and Trade (DBT) to discuss practical steps towards…

The Edo State Government has suspended all market unions and associations across the state following reports that their exploitative practices have contributed to rising food costs and economic hardship. This decision, approved by Governor Monday Okpebholo, was announced in a statement issued by Umar Musa Ikhilor, Secretary to the State Government, on November 19, 2024.…

In recent years, the online casino industry has emerged as a major player in the global economy, revolutionizing not just how people entertain themselves but also how businesses operate. With innovative offerings like Online Casinos without verification, these platforms are breaking barriers, offering unmatched convenience, and capturing an ever-expanding audience. This new wave of gaming…

A tanker has transported petrol from Nigeria’s new Dangote plant to waters off Togo, a sign to traders that the mega-refinery’s operations could soon potentially shake up regional fuel markets. The CL Jane Austen recently loaded more than 300,000 barrels from Dangote and sailed west, according to data from Vortexa, Kpler, Precise Intelligence, a port…

By Aduragbemi Omiyale One of the leading lenders in Africa, Ecobank Transnational Incorporated (ETI), has celebrated the issuance of the $400 million Eurobond at the London Stock Exchange (LSE). The financial institution opened the market today at the London bourse, with members of the company’s board and management in attendance. Last month, Ecobank sold the…

Nollywood has hit an unprecedented milestone, grossing over N3.5 billion year-to-date (YTD) at the Nigerian box office. This is based on data shared by the Nigerian box office which also stated that more than 935,000 tickets have been sold, the figures mark a 125% surge in revenue and a 46% increase in ticket sales compared…

By Adedapo Adesanya The Export Promotion Group under the Manufacturers Association of Nigeria (MAN) has advocated the reduction in the cost of doing business, and enhancement of market access, goods acceptance and incentives to enhance acceptance of Nigeria’s non-oil exports. These recommendations were given by the Chairperson of the group, Ms Odiri Erewa-Meggison, who is…

The UK Visa Application Centres (VAC) in Nigeria will transition to a new supplier in 2025, which may result in changes to the locations where applicants submit and collect their visa applications. Some applicants may need to visit different centres during this transition and will be notified via email with further instructions if their application…

By Adedapo Adesanya The Federal Competition and Consumer Protection Commission (FCCPC) has raised alarm about low-quality sugar from Brazil in the Nigerian markets. In a statement signed by the Director of Corporate Affairs, Mr Ondaje Ijagwu, the consumer protection agency said it uncovered the availability of substandard and unregistered sugar products in Nigerian markets, particularly…

President Bola Tinubu has announced the creation of the National Engineering and Innovation Fund at the 2024 International Engineering Conference, Exhibition, and Annual General Meeting of the Nigerian Society of Engineers (NSE) in Abuja aimed at developing engineering innovation and entrepreneurship in Nigeria. He is represented by the Minister of State for Works, Mr. Bello…

For gaming enthusiasts, BC Game Casino offers a scintillating blend of excitement, variety, and innovation that caters to all types of players. With its extensive collection of games, there is no shortage of entertainment for those looking to enjoy everything from the traditional to the modern. This guide explores some of the standout games available…

Logan Paul, a popular American YouTuber and brother to Jake Paul, the boxer who just defeated Mike Tyson has been accused of using his massive audience to profit off shady crypto deals. According to a BBC report, Logan Paul who has a staggering 23 million YouTube subscribers promoted certain investments while hiding his stake in…

By Adedapo Adesanya The World Trade Organisation (WTO) has expressed concerns over the high rate of physical inspection of containers at Nigerian ports, urging the country to review its customs procedures to promote timely and cost-effective practices. Members of the Trade Policy Review organ of the organisation also stated that longstanding import prohibitions on a…

Bitcoin, the flagship cryptocurrency smashed a new all-time high touching $94,000 yesterday evening. The primary crypto asset continues to surge following the bull run currently sweeping through the market. The new all-time high means that Bitcoin is $6000 shy of hitting the $100,000 mark predicted by analysts to be the new price of one Bitcoin…

By Dipo Olowookere The Nigerian Exchange (NGX) Limited has listed 3,122,000,000 ordinary shares of 50 Kobo of Haldane McCall Plc on its main board. The equities of the company were brought to the stock exchange by introduction and allowed for trading on Wednesday, November 20, 2024, according to a circular from the NGX. Recall that…

Expatriates in Dubai who wish to bring their spouse or children to join them must navigate specific financial requirements and expenses. According to Gulf News, the process of sponsoring a spouse or child involves more than just paperwork; it requires careful financial planning to meet the necessary salary and expense criteria. From meeting salary thresholds…

By Adedapo Adesanya The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr Dayo Mobereola, has refuted claims of the disappearance of the Cabotage Vessel Financing Fund (CVFF). The fund was established for the purpose of developing indigenous ship acquisition capacity, and to provide financial assistance to local coastal shipping operators. The…

The Naira faced more headwinds in the unofficial market amid high demand for the dollar and a widening supply gap. The Nigerian currency was trading as low as N1750/$ during the midweek trading session on the black market in the country’s business capital, driven by strong demand for the safe-haven currency. Data from the FMDQ…

By Modupe Gbadeyanka Young Nigerians intending to learn and upgrade their digital skills can now do so through the flagship Digital Skills Empowerment Programme (DiSEP) of Stanbic IBTC Holdings Plc. The scheme was created for ambitious young graduates with a passion for technology and a strong desire for continuous learning. This year’s programme, DiSEP 4.0,…