Category Business

The Nigerian Conservation Foundation has called for greater collaboration with state governments in addressing pressing environmental challenges, including climate change, biodiversity loss, and desertification. Its Director-General, Dr. Joseph Onoja, made this appeal during the 2024 NCF Annual Green Ball held…

An Igbo business community is set to install businessman, Chidi Anyanegbu, as the first Mayor Ndi Igbo as part of efforts to address longstanding business conflicts and foster economic growth. The Media and Publicity Sub-Committee of the Organising Committee’s chairman,…

Many of Nigeria’s brightest minds may be unable to contribute to the country’s economic growth, warned the pro-chancellor of Pan-Atlantic University, Odein Ajumogobia, decrying brain drain’s effects on the economy and calling on the government to implement restorative policies. As…

Manufacturing firm, Izedon Carbonates, has inaugurated its production plant in Lampese, Edo State, in a bid to bolster Nigeria’s non-oil revenue and reduce the importation of calcium carbonates. In a statement, Izedon Carbonates, trading as IzeCarb, said it put up a…

The National Pension Commission has disclosed that the total pension fund assets under the Contributory Pension Scheme have risen to N21.92tn as of October 2024, with contributions from 10.53 million registered participants. The commission further anticipates that the assets will…

Seplat Energy Plc has finalised the $1.28bn acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil, marking a milestone in the company’s growth strategy. In Thursday’s release signed by the Chief Executive Officer, Seplat Energy Plc, Roger Brown, the energy company…

The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores, has seen a considerable reduction of N36, dropping to N900.28 per litre on Thursday, The PUNCH reports. According to the latest data released by the…

Ekiti State Governor, Mr. Biodun Oyebanji is excited by the approval of the Nigeria Civil Aviation Authority for Ekiti Agro-Allied International Cargo Airport, Ado Ekiti, to begin non-scheduled flight operations effective from December 15, 2024. Reacting to the approval, the…

Power generation rose to a high of 3,624.34 megawatts on Thursday following the restoration of the national grid by engineers of the Transmission Company of Nigeria after the grid collapsed the preceding day. It was also gathered that the Federal…

The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday) to boost rural access and agricultural marketing in the country, The PUNCH reports. According to information obtained from…