Nigeria’s total merchandise trade improved slightly in Q1, 2023, as a result of a marginal increase in import and export trade, which brought about a positive trade balance, the National Bureau of Statistics (NBS) has said. This is contained in the Foreign Trade in Goods Statistics (Q1, 2023) NBS report. The report said in the […]

Builds Momentum As Profit Grows By 21% In Q1/2023 Nigeria’s retail lender Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021. The Bank in […]

By Rukayat Moisemhe The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has charged the incoming administration to pay attention to issues hindering the success of the business community. NACCIMA said this was imperative to enhance socio-economic development in the country. Ide John Udeagbala, President, NACCIMA, said this at the Commerce and […]

  The Manufacturers Association of Nigeria have said the recent increase of the Monetary Policy Rate by the Central Bank of Nigeria will compound the imminent recession in the manufacturing sector and negatively impact its operations in many ways. MAN in a statement on Thursday, said the MPR hike would also increase the cost of […]

MAN  Felicitates With Dangote Group On Commissioning Of It’s Petroleum Refinery In Ibeju-Lekki, Lagos The Manufacturers Association of Nigeria felicitates with the President and Management of Dangote group on the completion and commissioning of its Petroleum Refinery located in Ibeju-Lekki, Lagos. The refinery which is situated on land spanning approximately 2,635 hectares is the World’s […]

The Federal Government has renewed the operating licence for OML 130 for NNPC Limited and its partners Total Upstream China National Offshore Oil Corporation (CNOOC) & South Atlantic Petroleum (SAPETRO). The ceremony in Abuja presided over by the Permanent Secretary Ministry of Petroleum Resources, Ambassador Gabriel Tanimu Aduda, saw five agreements were executed. These include […]

The Board of Nestlé Nigeria PLC has appointed Mr. Gbenga Oyebode  as the new Chairman of the Board of Directors with effect from May 18, 2023. The appointment announced to shareholders and other stakeholders at the Annual General Meeting of Nestlé Nigeria PLC, held at the MUSON Center on May 17, 2023, follows the retirement […]

President Muhammadu Buhari will on Monday commission the 650,000 BPD Dangote Petroleum Refinery and Petrochemicals. According to a Twitter statement by the Dangote Group, the refinery will be churning out Premium Motor Spirit (PMS), diesel (AGO), aviation jet fuel and Dual-Purpose Kerosene (DPK), among other refined products. Speaking about the magnificent plant, the CEO Dangote […]

In a move towards fostering gender equality, inclusiveness and economic empowerment, Polaris Bank has announced the disbursement of business support loans to female-owned businesses in the first quarter of 2023. This is part of the Bank’s commitment to supporting women and female-owned businesses through the provision of soft loans. According to the Bank, the disbursement […]