Business

The Central Bank Of Nigeria has imposed fresh cash withdrawal limits on individuals and organisations, which take effect from January 9, 2023.   According to a new memo to banks issued on Tuesday and signed by the Director of Banking Supervision, Haruna .B. Mustafa, individuals will only be able to …

As Abuja maintain lower rate •Lagos travellers pay 439% more •Why we charge different fares from Nigeria-London — BA The Plaintiff noted that two consortiums owned by ADP Airport De Paris submitted an expression of interest thus violating the documented strict rules of engagement in the bidding process. The matter …

The stock market rebounded on Wednesday as market capitalisation gained N184 billion or 0.71 per cent to close N25.959 trillion compared with N25.775 trillion on Tuesday. Also, the All-Share Index (ASI) rose by 337.07 points or 0.71 per cent to stand at 47,660.04 from 47,322.97 posted at the previous session. …

Dangote Cement Plc, TotalEnergies Marketing Plc, and several others shone at the 25th edition of the PEARL Awards.   While Dangote Cement won the Sectoral Leadership Awards under the industrial goods, building materials subsection, Total Energies Marketing Plc was presented with the Overall Highest Award the PEARL of Nigerian capital …

i A management consulting firm, Cubed Management has stated its intention to push organisations towards sustainability with the launch of Cyberwatch 2023, a thought leadership business series to prepare them for profitability through effective management of cybersecurity threats,attacks with Data and Privacy Breaches. To achieve this, this inaugural series will …

•Recoveries fall 18% to N28.7bn •Debtors battling economic shocks —Analysts THE volume of bad debt recovered by banks fell by 18 per cent, year-on-year, YoY, to N28.68 billion in nine months ended September 30th, reflecting the severe impact of the hostile environment on businesses across the country. Also as a …

A professor of Industrial Relations and Human Resource Management, Lagos State University, Folusho Ilesanmi, has said that having more entrepreneurs in Nigeria would revolutionise the country’s economy. He said this on Thursday at the graduation ceremony organised by Mildramo enterprise in partnership with the Lagos State Employability Trust Fund and …

Nigeria’s excess crude account has declined by 89 per cent in the last eight years, moving from $4.1bn in November 2014 to $472,513 in the same period of 2022. According to a statement by the Ministry of Finance, Budget and National Planning, which was seen by The PUNCH on Wednesday, the ECA’s …

The Federation Account Allocation Committee (FAAC), has shared the sum of N736.782 billion to the Federal, States and Local Governments from the federally collected revenue in the month of October. A communique issued at the end of the FAAC meeting in Abuja, yesterday, indicated that the revenue was from various …

RETAIL Supermarkets Nigeria (RSN) Limited, the owners of the supermarket chain, Shoprite Nigeria, has emphasised the need to expand partnerships and strengthen relationship with its suppliers and ultimately boosting the nation’s economy on the retail front. In doing this, the company hosted its first Supplier and Partner Forum in Lagos. …