The Federal Government of Nigeria is collaborating with the International Cotton Advisory Committee (ICAC) to revitalize the country’s cotton and textile sector, with a target of creating over 1.4 million jobs Textile industry. annually. Vice President Kashim Shettima highlighted the initiative’s focus on developing the entire cotton value chain, which[Read More…]
Author: Godwin Anyebe
NCC Mandates Telcos to Open Up on Tariff Plans
The Nigerian Communications Commission (NCC) has instructed telecom operators to streamline their tariff plans, packages, and promotional offers after many Nigerians voiced dissatisfaction with the rapid depletion of their airtime and data plans, which used to last much longer. NCC spokesperson Reuben Muoka stated on Monday that the regulator has[Read More…]
ITU Urges FG to Address Multiple Regulations in Digital Space
International Telecommunications Union (ITU) has advised the Nigerian government to simplify the National Information Technology Development Agency (NITDA) and Nigerian Communications Commission (NCC) regulatory responsibilities in the digital space. his is part of the recommendations stated in its report on Nigeria titled, ‘Collaborative Regulation: Accelerating Nigeria’s Digital Transformation’. The report[Read More…]
Guinness Nigeria records 31% revenue growth
Guinness Nigeria Plc has announced 31 per cent revenue growth for the financial year ended June 30, 2024. A statement by Guinness said the strong performance was even more pronounced in the second half of the year, with revenue growth accelerating to 41 per cent, up from 20 per cent[Read More…]
ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK
ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable banking[Read More…]
OAAN says Chartered OoH Media Bill is to Safeguard Member Assets and Combat Chalartanism, Distances Itself from HASG’s Opposition
The leadership of the Out -of -Home Advertising Association of Nigeria (OAAN) has said the proposed Chartered Out -of -Home Media Practitioners Bill is designed to bring sanity to the sector, protect members’ assets and stem charlatanism in the OoH sector. The association, in a statement issued by its President,[Read More…]
Consumers Express Dissatisfaction Over Failure of Gift Cards: A Growing Concern for ShopRite
In today’s retail landscape, gift cards have become a popular choice for consumers seeking flexibility and convenience in their shopping experience. However, recent findings by Consumers’Assembly indicate that the failure of gift cards to be accepted at various ShopRite outlets is causing significant dissatisfaction among consumers. This growing issue is[Read More…]
Experts Discuss Wealth Transfer Strategies to Gen Z at Cordros Summit
At the recent Cordros Summit in Lagos, leading financial experts gathered to explore innovative strategies for transferring wealth to Generation Z. As this demographic begins to come of age and accumulate wealth, understanding effective methods for asset transfer becomes increasingly crucial. The second edition of Cordros Summit with theme: “Wealth[Read More…]
Zenith Bank Set to Raise N290bn Capital Through Rights Issue and Public Offer
Zenith Bank Plc is set to raise N290bn through a combination of a Rights Issue and a Public Offer in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN). This announcement was made during the Zenith Bank Rights Issue/Public Offer[Read More…]
Naira devaluation: Breweries, others report N532.98bn loss in H1 2024
In the latest half year(H1) ended June 30, 2024 unaudited result and accounts, International Breweries Plc, Nigerian Breweries Plc, Cadbury Nigeria Plc and Nestle Nigeria Plc have reported another worst performance, attributable to foreign exchange loss and challenging business environment. No respite for investors as rising costs of production shrink[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]