FirstBank Wins Asian Banker’s ‘Best SMEs Bank in Africa’
The institution’s SME customer base grew by seven percent and reached a total of more than one million.
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Hunger Protests: Businesses Suffer Over N700bn Losses
▪︎People protest against hardship on the street of Lagos, Nigeria, Thursday, Aug. 1, 2024. Thousands of mostly young people poured onto the streets across Nigeria on Thursday as they protested against the country’s worst cost-of-living crisis in a generation. Security forces fired tear gas to disperse some of the protesters in the capital, Abuja. (AP…
Brewery industry’s choking over high cost of raw materials
The brewery industry is now facing severe cost pressure as prices of local raw materials rise astronomically undermining their backward integration strategy. Industry stakeholders said the cost pressures coming from sorghum, wheat and others would remain elevated, driven by the impact of rising inflation, insecurity across agricultural belts in the country as well as other…
Peter Obi Condemns Huge Spending on Nigeria’s 1411 Delegation To COP28 In Dubai
Peter Obi, LP Presidential Candidate 2023, has described Nigeria’s contingent at the ongoing COP28 in Dubai, United Arab Emirates, totaled 1411, as a waste of public fund. Obi, on his social media handle, X, said : ” the vast majority of those in the Nigerian delegation to COP28 are either non relevant civil servants or…
CPPE Applauds Progress in Domestic Oil Refining Capacity
Image: General view of the newly-commissioned Dangote petroleum refinery in Ibeju-Lekki, Lagos, Nigeria, May 22, 2023. REUTERS/Temilade Adelaja/File Photo. Centre for the Promotion of Private Enterprise (CPPE) has praised the progress made in increasing domestic oil refining capacity and reducing imports, as output rose from 11.5% to 15.78% in the second quarter GDP report of…
MTN Ventures into cloud services to rival Amazon, Google, Microsoft, others
• MTN Nigeria Executives L-R Roger Shutte: General Manager for Infrastructure, Shoyinka: Shodunke Chief Information officer, Karl Toriola: CEO MTN Nigeria today, July 1, 2025, launched what it describes as West Africa’s largest Tier III data centre—and one of the largest in Africa. TechPoint Africa reports that the data centre is named after MTN Nigeria’s…
LCCI Leadership Visits Olam Agri
During the visit, Mr. Anil Nair highlighted the challenges confronting the Agri-business sector, particularly in the areas of Technology, logistics, preservation, shortage of manpower, power supply, etc
FG reviewing manufacturing sector’s tariffs for industrial growth
“Our objective is to create a tariff regime that supports local manufacturers, strengthens value chains and promotes sustainable industrial expansion…”
Nigeria’s Wood Industry: FG bans wood exports, citing deforestation
The ban is expected to affect exporters and timber traders, particularly in forest-producing states, though the government has yet to outline enforcement mechanisms, penalties, or whether exemptions will apply to processed wood products.
MTN’s 5G reaches 15 million subscribers
MTN Nigeria said that this investment was strategically directed at capacity enhancement to reduce congestion and to deliver ultra-fast broadband to households through FTTH.