Tag: business

By Aduragbemi Omiyale The Stanbic IBTC Purchasing Managers’ Index (PMI) has shown that the manufacturing sector in Nigeria has remained depressed below the 50-point mark for November 2024, though there is an improvement. In its latest reading, it was disclosed that it was at 49.6 points compared with 46.9 points in October 2024, attributing this…

By Adedapo Adesanya U-Law, a sub-firm of leading Nigerian corporate law firm, Udo Udoma & Belo-Osagie (UUBO), has emphasised the importance of businesses operating within Nigeria to be compliant with relevant laws and regulations for effective growth. The firm gave this advice at U-Law’s Black Friday 8.0 Event held last Friday in Lagos, where businesses…

By Adedapo Adesanya U-Law, a sub-firm of leading Nigerian corporate law firm, Udo Udoma & Belo-Osagie (UUBO), has emphasised the importance of businesses operating within Nigeria to be compliant with relevant laws and regulations for effective growth. The firm gave this advice at U-Law’s Black Friday 8.0 Event held last Friday in Lagos, where businesses…

The National Pension Commission (PenCom) has lifted its suspension on investments in commercial papers by Licensed Pension Fund Administrators (LPFAs) where non-bank capital market operators act as Issuing and Paying Agents (IPAs). This decision comes after the Securities and Exchange Commission (SEC) took steps to address regulatory concerns related to the role of these non-bank…

The just-concluded Nairametrics Economic Outlook for Q4 2025 covered a wide range of topics impacting Nigeria’s economy. From fluctuating oil prices and exchange rate volatility to rising interest rates and the economic growth outlook, the discussions were comprehensive. Experts also delved into the potential geopolitical impacts, particularly the US election, and its effect on Nigeria’s…

Crypto Analysts, Founders, and observers have all called out the US government for transferring $1.9 billion BTC to Coinbase Exchange on Monday. The crypto community reacted to the US government’s selling BTC at the cusp of a massive Bull run. The United States which has been the driving force behind the November bull rally as…

“Bros, I dey hail oh “I dey greet. What’s up? “We couldn’t finish our gist last week. But since then, so much has happened. That is why I am calling. Just to pick your brains, bro. “You will have to let me finish this bowl of hot piping amala and orisirisi before it gets cold,…

By Adedapo Adesanya The unemployment rate in Nigeria declined to 4.3 per cent in the second quarter of 2024, according to the latest report released on Monday by the National Bureau of Statistics (NBS). This rate is lower than the 5.3 per cent recorded in Q1 2024, reflecting a gradual recovery from the 5.0 per…

Altcoins are currently outperforming other crypto assets in the market surging by double digits and contributing greatly to the inflow of funds into the crypto sector. Altcoin’s recent surge has singlehandedly pushed the Total market capitalization of all crypto assets to an all-time high of $3.65 trillion. Altcoin’s surge follows a strong bullish month of…

By Adedapo Adesanya U-Law, a sub-firm of a leading Nigerian corporate law firm, Udo Udoma & Belo-Osagie (UUBO), has emphasised the importance of businesses operating within Nigeria to be compliant with relevant laws and regulations for effective growth. The firm gave this advice at the U-Law’s Black Friday 8.0 Event held last Friday in Lagos,…

This year’s France–Nigeria Investment Forum, a major highlight of President Bola Tinubu’s visit to France, ended on a sound note and was mutually rewarding for both countries. For some of us who have attended a few such forums in the past, this year’s edition stands out as the best from a Nigerian perspective, especially because…

By Aduragbemi Omiyale The Stanbic IBTC Purchasing Managers’ Index (PMI) has shown that the manufacturing sector in Nigeria has remained depressed below the 50-point mark for November 2024, though there is an improvement. In its latest reading, it was disclosed that it was at 49.6 points compared with 46.9 points in October 2024, attributing this…

The UK government has introduced reforms to make T Level industry placements more accessible and relevant; aiming to provide students with valuable work experience, reduce reliance on migrant labour, and meet skills needs in key sectors. The changes include allowing remote placement hours and increasing flexibility. According to a press release from the UK government…

By Adedapo Adesanya The oil market was mixed on Monday amid hopes of stronger demand backed by higher factory activity in China as concerns emerged that the US Federal Reserve would not cut interest rates again at its December meeting. Yesterday, Brent crude futures depreciated by 1 cent to trade at $71.83 a barrel, while…

By Adedapo Adesanya The oil market was mixed on Monday amid hopes of stronger demand backed by higher factory activity in China as concerns emerged that the US Federal Reserve would not cut interest rates again at its December meeting. Yesterday, Brent crude futures depreciated by 1 cent to trade at $71.83 a barrel, while…

By Adedapo Adesanya African broadcasting giant, MultiChoice, has won a suit against the National Broadcasting Commission (NBC), which requires broadcasters to pay 2.5 per cent of their Gross Annual Income as an Annual Operating Levy to the Nigerian government. Justice James Omotosho of the Federal High Court Abuja struck down Section 2 (10) (b) of…

By Adedapo Adesanya The oil market was mixed on Monday amid hopes of stronger demand backed by higher factory activity in China as concerns emerged that the US Federal Reserve would not cut interest rates again at its December meeting. Yesterday, Brent crude futures depreciated by 1 cent to trade at $71.83 a barrel, while…

Anthonio Separovic, the Co-founder and CEO of Oradian, a cloud-core banking solution, has said that fintechs leveraging cloud-based core banking systems can launch their products and services much quicker, drastically reducing the time needed to go to market. He pointed out that elements such as seamless integrations, scalability, and continuous innovation provided by cloud core…

The Nigerian All-Share Index (ASI) concluded the trading session on December 2, 2024, with a strong rise, advancing by 226.99 points to settle at 97,733.86. This marked an encouraging gain of 0.23%, signaling a subtle but steady upward momentum in the market. However, while the ASI enjoyed a mild rally, trading volume showed signs of…

There was a time when unlimited data plans were like taboo in the internet service provisioning space in Nigeria. But like the case of per-second billing, which appeared impossible in the early days of the telecom revolution, unlimited data plans have become regular offerings of many ISPs in Nigeria today, thanks to the intense competition…