By Seun Ibiyemi The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. In a statement made available to NewsDirect, the Ag. Director,…
By Esther Agbo In a move aimed at strengthening its financial base, expanding its operations and providing shareholders with enhanced returns on their investments following the ongoing recapitalization programme, Zenith Bank Plc has announced a combined offering of 8 billion…
By Esther Agbo The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with the Ministry of Foreign Affairs and the Ministry of Industry, Trade and Investment, is set to host the highly anticipated 2024 LCCI International Business Conference &…
By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has alleged that the war risk premium imposed on ships coming into Nigeria persists due to the influence of a cartel within…
In the coming days, the Federal Competition and Consumer Protection Commission (FCCPC) will be engaging leaders of markets and others in the supply and distribution chain across the nation as part of a broader initiative to check exploitative pricing of…
By Esther Agbo In a recent Central Bank of Nigeria (CBN) Retail Dutch Auction, subsidiaries of the Dangote Group secured a substantial $105.33 million in foreign exchange (FX) allocations, a move that underscores the conglomerate’s strategic manoeuvring in an increasingly…
By Esther Agbo The Centre for the Promotion of Private Enterprise (CPPE) has raised an alarm on regulations hindering business operations and frustrating investment growth in the country. In a statement released by the Director and CEO of CPPE, Dr.…
Over 700,000 manufacturers and micro, small and medium enterprises have expressed intention to become beneficiaries of the Federal Government’s N150bn loan to help businesses in Nigeria navigate the current economic crunch. The Minister of Industry, Trade and Investment, Doris Aniete,…
The Minister of Industry, Trade and Investment, Dr. Doris Uzoka Anite has stated that the economic damage resulting from the ongoing EndBadGovernance protest is estimated to be around N500 billion. This was disclosed by the Minister via her official X…
Coca-Cola and the Nigerian Bottling Company Ltd (NBC) have been accused of deliberately misleading Nigerian consumers in their marketing of Coca-Cola’s less sugar variant. This allegation comes from the Federal Competition and Consumer Protection Commission (FCCPC), which released a report…
