BUSINESS

Inflation: FCCPC Gives Traders One-Month Notice To Crash Prices

ABUJA, FCT, NIGERIA – The Federal Competition and Consumer Protection Commission (FCCPC) has issued a one-month moratorium to traders and other market stakeholders engaged in exploitative pricing, demanding they reduce the prices of goods. The newly appointed Executive Vice Chairman of the FCCPC, Tunji Bello, announced this during a one-day …

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Zenith Bank On Track To Hit N1trillion In Profits By End Of 2024, Reports N406bn Pre Tax Profits In Q2

LAGOS, NIGERIA – Zenith Bank’s profits has gotten a major boost from gains made on its trading books which soared to N871.6 billion for the first 6 months of the year up from N77.9 billion a year earlier. The Bank reported this in its 2024 second quarter results showing pre-tax …

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Access Holdings Strengthens Commitment To Child Education, Donates Buses To Bethesda Child Support Agency

LAGOS, NIGERIA – AUGUST 30, 2024: In demonstration of its commitment to social impact, Access Holdings Plc has taken another significant step towards empowering vulnerable children through education. As part of its longstanding partnership with Bethesda Child Support Agency, the Human Resources and Executive Office team of Access Holdings PLC, …

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Engineers Describe Dangote Petroleum Refinery Awesome, Mind-Blowing As Company Prepares For PMS Rollout (+photos)

… Commended For Hiring, Nurturing Nigerian Engineers BY ABU-SATAR HAMED LAGOS, NIGERIA – The League of engineering bodies in Nigeria have hailed the huge scale of engineering structures at the Dangote Petroleum Refinery and Petrochemicals and Dangote Fertiliser Plant at Ibeju-Lekki, Lagos State, describing the superstructure at the complex as …

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Crisis Rocks MAPOLY Microfinance Bank Over Imposition Of MD, Registrar, Others Indicted

ABEOKUTA, OGUN STATE, NIGERIA – Students of Moshood Abiola Polytechnic (MAPOLY) and some community leaders of the town have alleged the Chairman, Governing Council of Mapoly, Prof. Kamaldeen Balogun of conniving with the institution’s Registrar, Mrs. Olubunmi Elewedalu to install new micro finance Managing Director, Mr. Ayodeji Adeolu Jibodun. They …

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Dangote’s Domestic Refining Will Address Fuel Scarcity, Queue – NBA (+photos)

…Urges President Tinubu To Implement Directive On Crude Supply To Dangote Refinery, Others BY ABU-SATAR HAMED LAGOS, NIGERIA – The Nigerian Bar Association (NBA) has called for the full implementation of the directive of President Bola Ahmed Tinubu on the supply of crude to Dangote refinery and modular refineries in …

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Senator Amosun Reveals Chinese Business Dispute Behind Presidential Jets Seizure

BY ABU-SATAR HAMED ABEOKUTA, OGUN STATE, NIGERIA -Senator Ibikunle Amosun, former governor of Ogun State, has stated that the recent seizure of Presidential Jets by Zhongfu International Investment FXE is a business dispute between two Chinese companies. In a media release, Amosun emphasized his willingness to collaborate with both the …

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Access Holdings Plc Extends Rights Issue Acceptance Period To August 23, 2024

LAGOS, NIGERIA –AUGUST 13, 2024: Access Holdings Plc (“the Group”) has announced an extension of the acceptance period for its ongoing Rights Issue. Initially set to close on August 14, 2024, the period has now been extended to August 23, 2024, following the approval of the Securities & Exchange Commission …

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Hydrogen Launches ‘Healthy Heart, Healthy Business’ Initiative to Promote Heart Health Among Business Owners

LAGOS, NIGERIA – August 13, 2024: Hydrogen Payment Services Company Limited (Hydrogen), a leading payment services company, is excited to announce the commencement of its “Healthy Heart, Healthy Business” initiative, beginning on July 30, 2024. This significant initiative highlights Hydrogen’s commitment to promoting heart health awareness among business owners and …

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Cross River Govt. Opens Digital Hub To Facilitate N3,000,000 – N100,000,000 Funding For Youths (+photos)

…Targeting 5,000 Applications For The N110 Billion Fund CALABAR, CROSS RIVER STATE – The Cross River State Government, through the Office of the Special Adviser to the Governor on Digital Economy Development, has inaugurated a digital hub in Calabar to assist interested youths in processing their CAC or SMEDAN certificates …

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