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Business news

Month: August 2023

Prioritising Digital Technology For Growth In Nigerian Insurance Industry

Amaka Obiefuna   Digital technology has taken the world by storm affecting, changing and improving the way things are done. It is disrupting traditional operating structures and industries such as telecommunications, media, and entertainment as well as consumer products being impacted in such a way to attract and retain customers. The Insurance Industry is currently […]

NGX Group To Pay Interim Dividend To Shareholders On Thursday

  Nigerian Exchange Group Plc (NGX Group) is expected to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each on Thursday, 31 August 2023.   This comes subsequent to an emergency board meeting convened by the Group last month, during which it affirmed its decision to electronically distribute […]

Products Tax In Nigeria Rises To N1.36tn

Taxes on products in Nigeria rose to N1.36tn in the first six months of 2023, a National Bureau of Statistics report has indicated. This is a 113.29 percent incrememt from the N636.19bn recorded in the first six months of 2021, and a 25.00 percent growth from the N1.09tn recorded in the corresponding period of 2022. […]

LASG Initiates Anti-Cancer Vaccine Into Routine Immunisation Schedule

The Lagos State Government has initiated an anti-cancer vaccine, Human PapillomaVirus vaccine into the state’s routine immunisation schedule to tackle the increasing rate of cervical, anal, and oropharyngeal cancers. The Permanent Secretary, Lagos State Primary Health Care Board, Dr. Ibrahim  Mustafa, revealed that the state government in collaboration with the National Primary Health Care Development […]

Fidelity Bank To help Schools prepare For New School Session With Edu Loan Product

As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education. Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in Nigeria can access loans of up […]

Falana To ECOWAS: Suspend Sanctions, Restore Electricity In Niger

Human rights activist, Mr Femi Falana, SAN, has asked the Economic Community of West Africa States, ECOWAS, to suspend the sanctions imposed on Niger Republic and restore electricity to the country. He also asked the regional bloc to approve the proposal of two terms for democratically elected presidents in the region. Falana, who was the […]

Nigerian Engineers Kick Against Planned Electricity Tariffs Increase

The Nigerian Society of Engineers (NSE) has kicked against the planned hike in electricity tariffs, stressing that after a careful review of the situation, it came to the conclusion that the call to raise power prices was unjustifiable. Being one of the stakeholders invited to make a presentation by the National Electricity Regulatory Commission (NERC) […]

4.2km Runway: FG Announces N825.8m Compensation For Abuja Indigenes

The Federal Government has announced N825.819 million as compensation for indigenes of the Federal Capital Territory (FCT) for the construction of the 4.2 km second runway at the Nnamdi Azikiwe International Airport. The FCT Minister, Nyesom Wike, made the announcement on Tuesday after a negotiation meeting with the Minister of Aviation, Festus Keyamo, officials of […]

Gabon’s Military Takes Over Power, Says Election Result Cancelled

A group of Gabonese military officers appeared on television Wednesday announcing they were “putting an end to the current regime” and cancelling an election that, according to official results, President Ali Bongo Ondimba won. During the announcement, AFP journalists heard gunfire ring out in the Gabonese capital, Libreville. While announcing the cancellation of the vote […]

WAFFEST : Nestlé Professional Promotes West African Food Culture With Chefs

  Over 500 chefs from across West Africa converged in Lagos for the 5th edition of the West Africa Food Festival (WAFFEST) themed “Preserving West African Flavours: The Chef’s Roles in Sustainable Food Tourism”.   The annual WAFFEST hosted by the Association of Professional Chefs Nigeria is a prominent culinary event that celebrates the diverse […]

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