Caverton Offshore Support Group has reported a significant financial impact due to Nigeria's challenging economic conditions in the 2023 financial year. The company experienced a substantial foreign exchange loss, leading to a loss after tax of N12.75 billion, a...
The African Diaspora Network Japan (ADNJ) has identified Nigeria as a prime location for Japanese businesses seeking to expand their reach into the African market. At the recent 2024 Osaka-Africa Business Forum, ADNJ leaders and speakers highlighted Nigeria's strategic position...
The Nigeria Labour Congress (NLC) has strongly criticized the International Monetary Fund (IMF) for denying its involvement in the Nigerian government's recent decision to remove fuel subsidy. In a statement released on Sunday, NLC President Joe Ajaero described the IMF's...
Union Bank has taken a significant step towards supporting working parents by offering a five-month maternity leave and an on-site crèche facility for both male and female full-time employees. This initiative exceeds Nigeria's legal requirement of 12 weeks of maternity...
The Dangote Group has announced a significant investment of over $280 million in Compressed Natural Gas (CNG) technology and infrastructure, demonstrating its strong support for President Bola Tinubu's CNG initiative.   This investment not only solidifies Dangote's leadership position in...
The Managing Director of Greenwich Registrars & Data Solutions, Obiageli Chiki-Ijegbulem, has emphasized the potential of digitization to streamline the probate industry. In a recent statement, she highlighted the inefficiencies and delays that have long plagued the process of...
Silverbird, is set to revolutionize the Nigerian entertainment landscape with its latest initiative, Silverbird's World of Records (SWORD). This groundbreaking platform aims to foster a culture of record-breaking achievements, empowering individuals to push the boundaries of human potential. "We...
The United Nations(UN) Foundation has launched a global campaign, "Once Upon a Future," to engage young people in the Summit of the Future and inspire them to take action for a better future. The campaign aims to empower young people...
The International Monetary Fund (IMF) has urged Nigeria to enhance its revenue mobilization efforts to alleviate the pressure on its public debt. The Fund noted that a significant portion of Nigeria's revenue is currently allocated to debt servicing, limiting...
FirstBank has assured its customers that the upcoming system upgrade, scheduled for October 26th to November 3rd, 2024, will not disrupt their banking services. The bank clarified that the migration, which involves transitioning to a new cloud-based procurement and...