Unilever Nigeria Plc, one of Nigeria’s leading Fast-Moving Consumer Goods (FMCG) companies, has announced its exit from the home care and skin cleansing markets with the stoppage of OMO, Sunlight and Lux brands. In a statement by the company, the decision to stop the production of the three products was informed by the need to […]
The United Kingdom government has concluded arrangements to introduce a new visa route for startup and innovation entrepreneurs looking for opportunities to relocate to and start their businesses in the country. The startup and innovator visa, which will take off from 13th April this year, is available to international entrepreneurs that meet the issuance requirements. […]
The Central Bank of Nigeria (CBN) on Tuesday disclosed that disbursements to farmers and beneficiaries in the agricultural value chain under the Anchor Borrowers Programme (ABP) this year stood at N12.65 billion. The apex bank governor, Mr. Godwin Emefiele, made this disclosure when briefing journalists of the decisions taken during the 290th Monetary Policy Committee’s […]
The Japanese Government has announced plans to boost cooperation with Nigeria and other Sub-Saharan African (SSA) countries by investing about $30 billion in Nigeria and others between now and year 2025. The Japanese Ambassador to Nigeria, Mr. Matsunaga Kazuyoshi, made this disclosure at an event organized by the Japanese Embassy to commemorate the 63rd birthday […]
Indications that the lingering cash crunch didn’t really affect the general price level in Nigeria emerged on Tuesday as the National Bureau of Statistics (NBS) reported that the nation’s headline inflation rate still surged to 21.91% in February compared to the 21.82% rate reported in January 2023. The Bureau, in its ‘Consumer Price Index February […]
The Securities and Exchange Commission (SEC) Nigeria has registered the 2,055,226,476 bonus shares of Nigerian Breweries Plc approved by the shareholders at an Extraordinary General Meeting (EoGM) held on December 8, 2022 in Lagos. The Company Secretary, Barr. Uaboi Agbaku, in a corporate disclosure sent to the Nigerian Exchange Limited (NGX), stated that the befitting […]
The Securities and Exchange Commission (SEC) Nigeria has said that the implementation of the Pan-African Payment Settlement System (PAPSS) will boost intra-African trade and diversification within the capital market in the years ahead. The Head, Office of the Chief Economist of the capital market regulatory commission, Dr. Okey Umeano, made this remark during the signing […]
The Centre for the Promotion of Private Enterprise (CPPE), a leading economic think-tank in Nigeria, estimated the protracted acute cash scarcity has cost the country over N20 trillion even as the negative impacts on households and ordinary Nigerians cannot be quantified in monetary terms. The Centre’s Chief Executive Officer, Dr. Muda Yusuf, in a statement […]
The Securities and Exchange Commission (SEC) Nigeria has approved a new share buy-back programme for Dangote Cement Plc as part of the manufacturing company’s financial strategies for improved returns on its assets and stock value. A Notice on the approval from the Nigerian Exchange Limited (NGX) indicated that the share buy-back programme would expire on […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged global leaders and development experts to consider adopting a new way of measuring wealth of nations in view of the lapses in the current Gross Domestic Product (GDP) approach. Adesina, made this call when the United States’ nominee for World Bank Group […]