Eight promising young Nigerian entrepreneurs have been awarded grants of N250,000 each through the joint initiative of the British Council and Prince’s Trust International. These enterprising individuals were announced as the recipients of the Sustainable Entrepreneurship Challenge (TSEC) Programme, marking a significant achievement in youth empowerment and economic development. Following …
Read More »International Energy Insurance’s accounting shenanigans mislead investors
The management and board of directors of International Energy Insurance Plc (IEI) have to explain to investors and the regulatory authorities about some accounting shenanigans. It is important to note that the insurer would have posted a loss after tax of N146.04 million for the year ended December 2022 if the preparers …
Read More »Textile import, seven others gulp N1.4tn after CBN ban reversal
Nigerians spent N1.39trn on the importation of seven out of the 43 items earlier restricted by the Central Bank of Nigeria from accessing foreign exchange on its official platform in the fourth quarter of 2023, findings have shows. This was as citizens imported goods worth N4.29trn in 2023, indicating an …
Read More »Soaring sachet water prices push Nigerians to unhealthy options
The price of sachet water has surged across Nigeria recently, raising concern and forcing Nigerians to explore alternatives with significant health implications. Over the years, Nigerians have become known for their ability to endure pain and adapt to extreme adversity. This innate ability seems to be playing out once more; …
Read More »Salary for Nigerians can now be paid in Dollars in 2024
Earning US Dollars as a Nigerian living in Nigeria or diaspora is something we all look forward to, we all need that extra source of income. As a reputable organization, our goal is to expose our readers to legitimate and financially rewarding businesses, the goal is to educate Nigerians on …
Read More »Nigeria’s greatest resource is not oil, it is the Nigerian people, US reminds Abuja
Washington has reminded Abuja that Nigeria’s greatest resource is not oil, it is its people, reiterating the need to invest in the youth to acquire skills vital for economic growth and development in the 21st century. United States Consul General in Nigeria Will Stevens made the point on Thursday at …
Read More »Coca-Cola reiterates commitment to empowering Nigerian women
As the world unites to celebrate International Women’s Day (IWD), a day dedicated to recognising women’s achievements and advocating for gender equality, Coca-Cola Nigeria Limited (CCNL) reaffirms its commitment to empowering Nigerian women. According to the company:”This year, in line with the UN’s theme for International Women’s Day, “Invest in …
Read More »Red Sea internet cables cut as Houthis launch more attacks in vital waterway
Three cables under the Red Sea that provide global internet and telecommunications have been cut as the waterway remains a target of Yemen’s Houthi rebels, officials said Monday. Meanwhile, a Houthi missile attack set a ship ablaze in the Gulf of Aden, but caused no injuries. What cut the lines …
Read More »Breaking: Reasons behind MTN’s internet poor services revealed
In a recent statement released by Bayobab Group, formerly known as MTN GlobalConnect, the company has shed light on the ongoing internet connectivity issues plaguing several West African countries. These disruptions have been attributed to breaks in multiple major undersea cables, causing widespread service interruptions. Recognizing the paramount importance of …
Read More »MultiChoice announces date, head Judge for 10th AMVCA
MultiChoice, in partnership with Africa Magic, organisers of the Africa Magic Viewers Choice Awards (AMVCA), has announced that the 10th edition of its prestigious awards will hold from May 10-11 2024. The organisers also unveiled veteran film director, producer, and writer, Femi Odugbemi as head judge of the awards. In …
Read More »MediaFuse-Dentsu Nigeria partners pitcher festival to empower future creative leaders
A leading advertising and communications agency network, MediaFuse-Dentsu Nigeria, is thrilled to announce its strategic partnership with Pitcher Festival, a leading pan-African creative and marketing event. This collaboration aims to nurture talent, ignite innovation, and shape the future of the advertising industry through the sponsorship of the 2024 Future Creative …
Read More »Lagos boat mishaps: Govt needs to prioritize passengers safety over revenue collection
As a salon manager in Lekki and an Ikorodu resident, the incessant Lagos traffic led me to explore an alternative means of transportation, which is water, as my saving grace. Boat commuting comes with its perks – a swifter journey to my destination. Yet, safety remains a constant concern amidst …
Read More »Again, Nigerian Breweries increases prices of beer
Nigerian Breweries Plc has announced another increment in the price of its products after the previous increase in February. Freelanews earlier reported that the company issued a new price review notification to all its customers in the West Zone. According to a letter dated Monday, February 12, 2024, the price …
Read More »Tony Elumelu celebrates International Women’s Day with dedication to women’s empowerment
As March marks the month of women, from International Women’s Day (IWD) to Mother’s Day, Tony Elumelu, the chairman of Heirs Holdings and United Bank for Africa (UBA), has dedicated the rest of the month to honouring the influential women in his life and business. In a heartfelt message on …
Read More »Adron Homes empowers women, advocates for gender equality on International Women’s Day 2024
In a grand and impactful celebration of International Women’s Day 2024, Adron Homes went above and beyond to champion the cause of women’s empowerment and advocate for gender equality. The day was marked by a series of events aimed at uplifting women and addressing pressing societal issues. One of the …
Read More »Binance announces discontinuation of Nigerian Naira services
Binance, one of the leading cryptocurrency exchanges globally, has recently announced the discontinuation of all Nigerian Naira (NGN) services as per the outlined timeline. Also read: Binance CEO pleads guilty to money laundering, resigns This decision, communicated to users via official channels, impacts various aspects of NGN services on the …
Read More »Nigeria aims to unlock billions through carbon market participation
Vice President Kashim Shettima on Thursday inaugurated the Intergovernmental Committee on Carbon Market Activation Plan in the bid to create a blueprint to drive an efficient sustainable carbon market ecosystem. This is in fulfillment of the promise made by President Bola Ahmed Tinubu to reduce Nigeria’s carbon footprint as well …
Read More »Bank of Ghana suspends GTB, First Bank’s forex licences
The Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited. The suspension takes effect from March 18, 2024, for one month. The suspension was announced in a statement, on Monday, by the Ghanaian apex bank. The …
Read More »767 manufacturers shut down in 2023 – MAN
The Manufacturers Association of Nigeria has said that 767 manufacturers shut down operations while 335 became distressed in 2023. This came against the backdrop of exchange rate volatility, rising inflation and other economic challenges that have worsened the investment climate. MAN stated this in a statement in which it condemned …
Read More »Transcorp Power lists on Nigerian exchange, gains 10% first day of trading
Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than N1.8 trillion to the market capitalization of NGX and further boosting liquidity in the Nigerian capital market. The listing was …
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