The Manufacturers Association of Nigeria (MAN) is worried that the Central Bank of Nigeria’s (CBN) unsettled forex forward is causing financial strain on manufacturing businesses leading to widespread closures, job losses, and economic turmoil. The Director General at MAN, Segun…
IHS in Nigeria, a subsidiary of IHS Holding Limited (IHS Towers) and MTN Nigeria have announced an agreement to renew and extend all Nigerian tower Master Lease Agreements until December 2032, covering approximately 13,500 tenancy contracts. With regards to the…
…Records highest monthly revenue collection of N201bn in July By Seun Ibiyemi The Apapa Port Command of Nigeria Customs Service (NCS) said it generated a total of N1,227,431,323,016.24 as revenue between January and July 2024 The command also collected N201.8…
A delegation of the Petroleum Technology Association of Nigeria (PETAN), led by the Chairman, Engr. Wole Ogunsanya, paid a courtesy visit to the Chief Executive Officer of Aradel Plc, Mr. Adegbite Falade in Lagos on Tuesday, July 30, 2024. The…
…Says Nigerian farmers’ interest must be considered By Seun Ibiyemi The Comptroller General, Nigeria Customs Service, Bashir Adeniyi, has said the service will begin implementation of the duty waiver on imported foods in a week. He, however, mentioned that the…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. In a statement made available to NewsDirect by the acting…
Jeff Bezos saw a staggering $15 billion drop in his wealth in a single day following a significant stock slump that impacted the world’s 500 richest individuals, including Mark Zuckerberg and Elon Musk, resulting in an overall loss of $134…
…lays foundation of world class centre for arts, culture Ekiti State Governor, Mr Biodun Oyebanji has reiterated his administration’s commitment to huge investment in the creative industry in the drive to boost the economy of the state. Governor Oyebanji, who…
The National Union of Road Transport Workers stated that the Federal Government has not fulfilled its promise to help transporters convert their buses to CNG, to minimise the effects of the removal of petrol subsidy on May 29, 2023. NURTW…
The Central Bank of Nigeria released $689.88m (N903.95bn at the official exchange rate of N1,309/$ as of March 31, 2024) to Nigerians for importing food items in the first quarter of 2024. It was also gathered that the amount of…
