Experts have advocated that Fintech adoption is relevant for the growth of Small and Medium Enterprises (SMEs) They spoke at Nigeria SMEs Confab 2024 in Lagos, organized by SUPERNEWS with the theme, ‘Bringing SMEs into the financial services network via fintech’. Delivering a keynote speech on the theme, “Bringing SMEs[Read More…]
Business
We can produce 10,000 trucks annually, create 3,000 jobs – Dangote Sinotruk
The President of Dangote Group, Alhaji Aliko Dangote has said that Dangote Sinotruk West Africa Limited has the installed capacity to produce 10,000 trucks annually and create about 3,000 jobs. He added that the company’s investment in their truck assembly plant is part of their backward integration to add value[Read More…]
In Entrepreneurship, Agility is the Name of the Game – Rite Foods’ Boss
Seleem Adegunwa, Managing Director and Chief Executive Officer of Rite Foods Limited, a truly world-class and proudly Nigerian company, has enjoined SME owners, founders, corporate innovators, and business executives to cultivate flexibility and agility as required traits for success in scaling up their businesses. Adegunwa stated this at The SME[Read More…]
First Bank wins 2024 Best SME Bank in Nigeria, Africa
Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards for Best SME Bank in Africa and Best SME Bank in Nigeria at the highly coveted Asian Banker Global Excellence Retail Finance Awards 2024. The Excellence in Retail Finance Awards programme, which include the Global Excellence in[Read More…]
FBN HOLDINGS MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024
FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of 2023 impressive performance as one[Read More…]
Dangote refinery to list on NGX, London Stock Exchange
Dangote Petroleum Refinery says it has plans for a dual listing on the London Stock Exchange (LSE) and Nigerian Exchange (NGX) Limited. Devakumar Edwin, executive director of Dangote Group, made this known in a Reuters report on May 28. Aliko Dangote, the founder of the refiner, was quoted in reports[Read More…]
Alia commissions fertiliser plant, promises 10 industries in 4 years
Benue state governor, Rev Fr.Hyacinth Alia, Tuesday, said his administration is working on revamping and building a minimum of 10 industries within the first 4 years of his administration. The governor also said he is aware that the Benue Investment and Property Company (BIPC) needs liquidity of not less than[Read More…]
Dangote Refinery set for June diesel exports, eyes NGX listing by December 2024
Nigeria’s Dangote Refinery, the largest in Africa, is set to begin exporting diesel fuel meeting European specifications in June, alongside the domestic sale of petrol. This news comes as the refinery ramps up production after officially launching in January 2024. “We expect before the end of next month to have[Read More…]
Nigeria Brewing Industry in Nigeria Hit Hard with Combined Losses of N169.7 Billion
Nigeria’s leading breweries faced a staggering combined loss of N169.7 billion in the first quarter of 2024, as reported by BusinessDay’s comprehensive analysis of their financial statements. Rising interest rates and the ongoing devaluation of the naira inflicted significant financial strain on Champion Breweries Plc, Nigerian Breweries Plc, International Breweries[Read More…]
Benue woos investors with tax holiday
Benue State Government has declared its intention to offer tax holidays to investors interested in investing in the state. The gesture, according to the Managing Director of Benue Investment and Property Company Limited, Dr Raymond Asemakaha, is to revive and attract more investors to the state. Asemakaha, who played host[Read More…]
Consumer TV
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…]