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Latest news on business in Nigeria - Page 26

Polaris Bank Not Facing Financial Threat, Inside Sources Reveal True Situation, Clarify Falsehood

Sources within Polaris Bank Limited have revealed the true situation in the financial institution that a section of the media has falsely spun around. According to the sources, there is no such thing as a controversy trailing the Bank, as the reaction

May 1, 2023

NNPC Denies Plans To Increase Fuel Price

Business·Oil & Gas

Post-petrol Subsidy: 4 Most Affected Economic Sectors

As Nigerian government continues to mull over the removal of petrol subsidy scheme due to the heavy burden it poses on public finances, experts have continued to express concerns about the impact on different sectors of the economy due to the likely

April 29, 2023

Technology

Oando Clean Energy, Yutong Partner To Roll Out 12,000 Electric Buses In Nigeria

Highlights – Oando Clean Energy Limited (OCEL) partners with Yutong to introduce 12,000 electric buses on Nigerian roads within seven years, starting with Lagos State. – The partnership includes the construction of a local assembly plant for electric buses and training programs

April 28, 2023

Business·News

NANS To Multichoice: Reverse Subscription Price Hike In 7 Days

National Association of Nigerian Students, South-west Zone, has given MultiChoice Nigeria, a seven-day ultimatum to reverse its planned hike on DSTV and GOTV subscription rates. The student body made this known on Tuesday, in a statement signed by its Coordinator, Adejuwon Olatunji,

April 26, 2023

Business·News

NCDMB’s Wabote Urges NDDC To Explore PPP Funding Option For Niger Delta Development

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has noted the need for the management of the Niger Delta Development Commission (NDDC) to explore innovative funding through Public Private Partnerships (PPPs). He stated that PPP

April 26, 2023

NOVA Records Double Earnings By 108% Profit Growth In 2022

Business

NOVA Doubles Earnings In 108% Profit Growth

NOVA Merchant Bank Limited has announced its Audited Full Year 2022 financial results, showing a 107.9% year-on-year growth in profit before tax and the group year-on-year profit before tax of 98.2%, as both funded and non-funded income grew significantly on the back

April 18, 2023

Finance & Economy·Oil & Gas

$800m Petrol Subsidy Removal Palliative Another ‘White Elephant Project’ – Analysts

Highlights Analysts believe that the borrowing of $800 million loan from World Bank for subsidy palliative was done without proper asse issues on ground and would not be properly disbursed to reach the targeted beneficiaries. Federal Government need to put sustainable measures

April 17, 2023

Business·Currency

Cash Crunch Forces Churches To Accept Offerings Via Bank Transfers

Just like the COVID-19 pandemic lockdown which forced churches to change some liturgical procedures to ensure safety of worshippers, the raging cash scarcity has led them to accept offerings during Sunday services through electronic transfer. Unlike before when worshippers would file out

March 31, 2023

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·Opinion

Naira Redesign Implemention Failure And Its Consequences

The terrible suffering and economic loss Nigerians and Nigeria have experienced as a result of the faulty implementation of the Central Bank of Nigeria’s Naira redesign policy, the entry of the judiciary into central banking functions, all show clearly how our institutions—

March 16, 2023

CBN Naira Redesign Policy Deteriorates Business Condition – Stanbic IBTC

Business·Currency

Naira Policy: No Presidential Orders To Reissue Old N1,000, N500 Notes – CBN

The Central Bank of Nigeria (CBN) has denied that it received presidential orders to reissue the old N500 and N1000 naira banknotes. The denial was in response to a press release purportedly released by the CBN and circulating on social media, to

February 21, 2023

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Latest news on business in Nigeria - Page 26

Polaris Bank Not Facing Financial Threat, Inside Sources Reveal True Situation, Clarify Falsehood

Post-petrol Subsidy: 4 Most Affected Economic Sectors

Oando Clean Energy, Yutong Partner To Roll Out 12,000 Electric Buses In Nigeria

NANS To Multichoice: Reverse Subscription Price Hike In 7 Days

NCDMB’s Wabote Urges NDDC To Explore PPP Funding Option For Niger Delta Development

NOVA Doubles Earnings In 108% Profit Growth

$800m Petrol Subsidy Removal Palliative Another ‘White Elephant Project’ – Analysts

Cash Crunch Forces Churches To Accept Offerings Via Bank Transfers

Naira Redesign Implemention Failure And Its Consequences

Naira Policy: No Presidential Orders To Reissue Old N1,000, N500 Notes – CBN

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