Business

BIP implementation pushes raw materials utilisation to 65.7%
Business Business News CBN Nigeria’s Industrial Revolution Plan

BIP implementation pushes raw materials utilisation to 65.7%

Textile Industry Implementation of resource-based industrialization and backward integration policy (BIP) as contained in Nigeria’s Industrial Revolution Plan (NIRP) as well as proactive measures to avert foreign exchange exposure risks has pushed local sourcing of raw materials to 65.7 per cent. Specifically, local raw-material utilisation increased to 65.70 percent in […]

Experts, students preach techpreneurship, canvass improved business climate
Business Business News Michael Faborode techpreneurship

Experts, students preach techpreneurship, canvass improved business climate

Obafemi Awolowo University Students of the Faculty of Technology, Obafemi Awolowo University, Ile-Ife, have disclosed that the way forward for the nation’s development and overcoming the present economic mishaps is to embrace techpreneurship (technology entrepreneurship) and for the youth population to become innovators and solution providers. The tech students made the assertion […]

Investors lose N1.3b in NSE’s alternative securities market
Business Business News Dare Adejumo Nigerian Stock Exchange

Investors lose N1.3b in NSE’s alternative securities market

Nigerian Stock Exchange Investment on the Nigerian Stock Exchange (NSE) Alternative Securities Market (ASeM) declined by N1.33 billion at the end of trading on June 14, 2018.ASeM is a specialised board of the Nigerian Stock Exchange (NSE) for emerging enterprises with high growth potential. ASeM index fell to 949.59 points […]

Nigeria, others have a lot to gain from AfCTA implementation, says Babaeko
AfCTA Business Interview Steve Babaeko

Nigeria, others have a lot to gain from AfCTA implementation, says Babaeko

Mr. Steve Babaeko Steve Babaeko is the Group Chief Executive Officer of X3M Ideas SA (PTY) Limited, an advertising/marketing communications agency that is expanding its footprints in Africa. In this interview with FEMI ADEKOYA, he talks about the firm’s South Central Africa project and plans to drive regional trade by […]

Human resources in the age of digital revolution
Business Business News Digital revolution Human Resources Management

Human resources in the age of digital revolution

With the digital revolution in overdrive, everything is changing, and fast. Nowhere is this change more obvious, nay significant, than in the workplace. So much so, that Deloitte, one of the world’s leading professional services network and a major authority on human capital trends, has called for a complete overhaul […]

Heritage restates commitment to innovative banking services
Business Business News Heritage Bank Plc

Heritage restates commitment to innovative banking services

Heritage Bank Heritage Bank Plc has restated its commitment to innovative banking services through its transparent MasterCard. The Head of Corporate Communications of the bank, Fela Ibidapo, disclosed this in a statement over the weekend, noting that it “is the philosophy behind the bank’s e-payment offerings.” According to him, there […]

EFInA sees huge Fintech opportunities in Nigeria
Business Business News EFInA Fintech

EFInA sees huge Fintech opportunities in Nigeria

The Enhancing Financial Innovation and Access (EFInA) has raised the hopes about huge market opportunities for Financial Technology (Fintech) companies in Nigeria.At a forum it organised in Lagos, EFInA, a financial development organisation funded by DfID and Bill and Melinda Gates Foundation, said to really explore the opportunities in underserved […]

Strides Group acquires mortgaged assets of Rivers Vegetable Oil
Business Business News RIVOC Strides Group

Strides Group acquires mortgaged assets of Rivers Vegetable Oil

Corporate Company Secretary of Strides Group, Mr. Paul Alimele-Morgans (left); Chairman, Strides Group Mr. Moritz Abazie; Chief Executive Officer, United Capital Trustees, Mrs Tokunbo Ajayi; Regional Head, South-South, Wema Bank, Mr. Edah Emmnuel; and Head, Debenture, United Capital Trustees, Mr Chris Ohuonu, during the signing of Memorandum of Understanding for […]

Fresh controversy trails N400b shortfall in aviation revenue
Aviation Business NCAA Nigerian Civil Aviation Authority

Fresh controversy trails N400b shortfall in aviation revenue

Capt. Muhtar Usman A fresh controversy has emerged over the total number of passengers that travelled the Nigerian airspace and ticket fares generated in 2016 and 2017, especially the harmonised figures recently released by the Nigerian Civil Aviation Authority (NCAA). The apex regulatory body disclosed 15 million international and local […]

ICCN seeks restructuring of government spending
Babatunde Savage Business Business News FG ICCN International Chamber of Commerce Nigeria

ICCN seeks restructuring of government spending

International Chamber of Commerce Nigeria The Chairman of International Chamber of Commerce Nigeria (ICCN) and Regional Coordinator, Sub-Saharan Africa, Babatunde Savage, has reiterated the urgent need for restructuring of government’s spending in favour of capital expenditure in view of the huge infrastructure deficit confronting the nation.   Savage, who spoke […]

Cleric tasks operators on transparency, accountability in insurance industry
Abdul Semi’ Olatunji Alkhelany Accountability Business CIIN Insurance transparency

Cleric tasks operators on transparency, accountability in insurance industry

Insurance Operators in insurance industry have been charged to imbibe the culture of transparency and accountability in the discharge of their respective business activities.   The Chief Imam, Magodo Central Mosque, Abdul Semi’ Olatunji Alkhelany, said this at the 2018 Ramadan Tafsir Lecture, organised by the Chartered Insurance Institute of […]

Branch International facilitates N1 billion loan in Nigeria
Branch International Business Business News Nigeria

Branch International facilitates N1 billion loan in Nigeria

Head of Marketing, Branch International, Erin Renzas (left); Chief Executive Officer and Co-Founder, Matt Flannery and Country Manager, Nigeria, Maria K. Rotilu, at the firm’s stakeholder meeting, held in Lagos, at the weekend. Branch International, an emerging digital financial platform, has facilitated about N1 billion worth of loans for users […]