The President of Dangote Group, Aliko Dangote, has said that his businesses’ $30bn revenue target by the end of 2025 will boost the naira. Dangote said this on Sunday during a tour of Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited by media executives, indicating a plan to attain[Read More…]
Business
Von-Kemedi: Cost of Production Main Reason for Food Inflation, Not Insecurity
Dimieari Von-Kemedi, Managing Director of Arila, has addressed the complex causes of the current food crisis in Nigeria, emphasising that while insecurity is a factor, it is not the decisive reason for the soaring food inflation. Speaking on the issue, Von-Kemedi in an interview with ARISE NEWS on Thursday, pointed[Read More…]
Dollar Bonds, Debt Servicing, FX Volatility Pose Risks to Nigeria’s Economic Recovery, Expert Warns
CEO of Sonora Capital & Investment Limited, DR. Kunle Alonge, has shared his insights on the federal government’s plan to issue dollar bonds, aimed at enhancing Nigeria’s purchasing power and attracting diaspora investment, pointing out both the advantages and potential drawbacks. According to Alonge in an interview with ARISE NEWS[Read More…]
Golden Guinea wins N10bn eight-year suit against AB InBev
Golden Guinea Breweries Plc has won an eight-year-long N10 billion suit against International Breweries Plc and Anheuser-Busch InBev (AB InBev). The Umuahia Abia State-based brewer had approched the Federal High Court in 2016 demanding general damages in the sum of N10 billion from Pabod Breweries Limited, a company which AB[Read More…]
Firstbank Unveils Digital Lending Solution
First Bank of Nigeria (FirstBank) has introduced FirstCredit as a groundbreaking digital lending solution designed to meet the demands of Nigerians. With the increasing penetration of mobile phones and internet access, more Nigerians are embracing digital solutions for their financial needs. This trend has been further amplified by the COVID-19[Read More…]
Experts Advocate for Fintech Adoption for the Growth of SMEs
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…]
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…]
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…]