The Rivers State Microfinance Agency, RIMA, an agency of the government in Port Harcourt, says that over 70 percent of businesses operating in the state are fake and are not eligible to receive loan facilities from the government’s and the Bank of Industry’s N4 billion counterparts funding. The Managing Director/Chief Executive Officer of RIMA, Pastor…
CHICHI Eriobu is the founder/CEO of the popular Ukwa production company. Ukwa is an Igbo word for Breadfruit; it’s eaten roasted or boiled. On her Facebook page, she shares how she started the business, the challenges and the prospects. Excerpt: ” I know you think we’re not popular, it didn’t matter my dear, we’re getting…
20 companies listed on the Nigerian Exchange Group (NGX) now have a combined market capitalisations above $1 billion. The rankings are based on the official exchange rate of N1,362.20/$1 and closing share prices on Monday, July 28, 2026. Telecoms, banking, cement, consumer goods, energy and hospitality firms all feature in the billion-dollar club. MTN Nigeria…
Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG- MAN) are scrambling to fill the gaps created by the recent exit of multinational pharmaceutical companies from Nigeria. Consequently, they are requesting the National Agency for Food and Drug Administration and Control (NAFDAC) to hasten the approval process for their products to enable them to replace…
▪︎Waste recycling center in Abuja/ Afrik 21 (Industrial Times) The International Labour Organization (ILO) says that the waste and recycling industry employs 6.9 million, representing 0.2 per cent of total global employment. The waste management and recycling industry includes businesses and organizations that collect, process, and recycle materials such as glass, plastic, paper, metal, and…
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1,407 Sell ₦1,415 GREAT BRITISH POUND (GBP) Buy ₦1,900 Sell: ₦1,925 EURO (EUR) Buy ₦1,590 Sell ₦1,610 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS) Buy…
PZ Cussons Plc and Wilmar International Limited have agreed definitive terms for Wilmar to purchase the 50 percent equity stake in PZ Wilmar Limited held by PZ Cussons Plc, for a cash consideration of $70 million.” A statement by the company , said that the transaction, which is subject to regulatory approvals, is expected to…
The visit to Bamako, coming against the backdrop of deepening divisions between ECOWAS and the military-led governments of Mali, Burkina Faso and Niger, has sparked fresh optimism that dialogue may replace confrontation in efforts to restore regional unity after months of political estrangement.
Dangote Group say the visit by officials of the Economic and Financial Crimes Commission (EFCC) to its headoffice in Lagos, caused them “unwarranted embarrassment. “ In a statement today, the company explained that it’s not against the EFCC doing its work, but that the officials stormed the company “in a manner that appeared designed to…
The agreement was signed in Yaoundé on Wednesday by Nigeria’s Minister of Defence, General Christopher Musa (retd.), and Cameroon’s Minister Delegate at the Presidency in charge of Defence, Mr Joseph Assomo, following two days of deliberations by defence and security experts from both countries.
