Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday, signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide financing for up to US$6.0bn over the next 3 years to eligible SME across Africa. L-R: Group Deputy Managing Director, United Bank for Africa (UBA) Plc, Muyiwa Akinyemi, and Secretary…
Oil marketers have projected that the pump price of petrol could rise above N700 per litre in Northern Nigeria starting from July. The National Controller Operations, Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, told The PUNCH on Wednesday that prices could rise to above N700 in the north once independent marketers start importing products from July….
More international manufacturing companies may leave Nigeria and site their factories in other countries should power distributors implement the planned hike in the tariff payable by consumers from July 1, 2023, the Manufacturers Association of Nigeria has said. It stated that some international manufacturing firms had already exited Nigeria as a result of the power…
…….Urges Nigerians to imbibe the sacrifice made by Prophet Ibrahim As Nigerians join Muslim faithful all over the world to celebrate Kabir, the Lagos State Governor, Mr. Babajide Sanwo-Olu, has rejoiced with Nigerians, especially Muslims, urging them to imbibe the lessons in the sacrifice made by Prophet Ibrahim. He also encouraged the Muslim faithful to…
The Federal Government has introduced the Proof of Ownership Certificate (POC) for all registered vehicles in Nigeria. This new policy, set to be implemented nationwide, requires vehicle owners to obtain the certificate annually, unlike the previous practice where it was only obtained when purchasing a used vehicle or changing the engine. The POC will serve…
Power distribution companies, on Monday, backtracked on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. Various public notices from some of the Discos seen on Sunday had stated that the electricity tariff would…
Caption: L-R: Head of Private Clients, SASFIN Wealth, South Africa, Flynn Robson; Chief Financial Officer, Zenith Bank Plc, Dr. Mukhtar Adam; and Chairman, BSG, South Africa, Mteto Nyati during the presentation of the CFO of the Year Award to Dr. Mukhtar Adam at the 11th All Africa Business Leaders Awards (AABLA) in partnership with CNBC…
•Customs raise exchange rate from N422/$ to N589/$, operators kick as import duties jump •Economists berate FG, say policy will cause job loss, impoverish Nigerians, worsen hardships The Central Bank of Nigeria and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to the maritime sector with a 40 per cent increase in…
Dr. Owen Omogiafo, President of Transcorp Group, has been honoured with the prestigious All Africa Businesswoman of the Year award. The award was proudly presented by African financial services company Absa Group Limited at the renowned All Africa Business Leaders Awards (AABLA), in partnership with CNBC Africa. The All Africa Businesswoman of the Year award…
Prof Lai Oso A professor of Mass Communication at the School of Communication, Lagos State University, Lai Oso, is reportedly dead. Oso, aged 67, was reported to have died in a ghastly accident that happened on Saturday evening while returning from a conference in Abraka, Delta State. His death was confirmed by the Dean, Faculty…
