When the Nigerian Postal Service recently announced a hike in license procurement and renewal fee for logistics firms in the country, Nigerians raised in unison to condemn this move. The social media which is somewhat […]
The Federal Government has taken a bold step to protest indiscriminate charges by multinational shipping firms, who have continued to slam huge surcharges on Nigerian-bound cargoes. The surcharge about 400 per cent increase from the […]
LIKE all things us, the collapse of MMM (a Russian ponzi scheme established in 1989 by Sergei Mavrodi, his brother Vyacheslav Mavrodi, and Olga Melnikova), four years ago, afforded many of us the opportunity to […]
Chief Innocent Chukwuma is the Chairman/Chief Executive Officer of Innoson Vehicles Manufacturing, IVM, a foremost automobile maker in Nigeria. In this exclusive interview after a facility tour of his Nnewi automobile factory, Chukwuma reveals the […]
Jesse Osiobe, chief executive officer (CEO) of agric-tech company Farmkart Foods, says there is an ongoing maize pandemic in Nigeria. He said this pandemic driven by the decision of the Central Bank of Nigeria (CBN) […]
The Kano Electricity Distribution Company (KEDCO) has asked potential tenants to always verify electricity bill status before renting apartments. The DisCo controls Kano, Katsina and Jigawa states. In a statement on Tuesday, Ibrahim Shawai, KEDCO’s […]
The World Bank Ease of Doing Business Index “indicates better, … simpler, regulations for business, and stronger protections of property rights,” usually for the benefit of Foreign Direct Investors, who will like to guarantee conducive […]
The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361 to N379 on its website. The apex bank had earlier expressed its decision to unify […]
Muhammad Sanusi, former emir of Kano, has asked the Central Bank of Nigeria (CBN) to provide funding for bureaux de change (BDCs) in order to stabilise the naira value. The CBN had adjusted its official […]
A young entrepreneur, Linda Ajala owns Splurgeon Foods, a premium catering firm based in Abuja. She brings with her immense knowledge in banking and strategic planning to make the company the force to reckon with […]
On Monday, South Africa retail giant, Shoprite, announced the commencement of a formal process to discontinue its operation in Nigeria. Shoprite Holdings Limited made the announcement in its operational and voluntary trading update for the […]
While the announcement of the imminent exit of South Africa’s retail giant, Shoprite, from Nigeria may have come to many as a surprise, available data have shown that weakness in purchasing power, foreign exchange hitches […]
Shoprite, Africa’s largest food retailer, announced on Monday it is considering selling off its majority share in its Nigerian subsidiary. In a trading update filed at the Johannesburg Stock Exchange (JSE), the retail giant said […]
South African Company, Shoprite Holdings Limited, says it will auction off its outlets in Nigeria, The PUNCH has learnt. This is coming about 15 years after it opened its first store in Lagos in December […]
Following the National Economic Council (NEC) approval of the construction of 300,000 mass housing units in all the states of the federation and the Federal Capital Territory (FCT), major players in the built environment have […]
The Central Bank of Nigeria (CBN) recently directed all commercial banks and other authorised dealers in forex to immediately stop processing applications for maize importation. However, Nigeria’s current production, about 12 million metric tonnes, remains […]
American tech company, Apple has become the most valuable company in the world on Friday after posting blockbuster quarterly earnings that sent shares of the technology company up as much as 7%. Shares of Apple […]
A new analysis by the United Nation’s (UN) Food and Agriculture Organisation (FAO) and World Food Programme (WFP) have identified Nigeria and 26 other countries across the globe as front liners of an impending food […]
COVID-19 global health crisis unleashed a far-reaching socio-economic impact that forced thousands of firms to fold up and put several thousand at the risk of being forced out of business. Most affected are Micro, Small […]
To address the issue of outrageous billing that has continued to plague the electricity distribution sub-sector, and the numerous complaints by consumers, Nigerian Electricity Regulatory Commission (NERC), had repealed estimated billing methodology regulation as the […]
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