The Small and Medium Enterprises Development Agency of Nigeria has launched an undergraduate internship programme to identify, train, and empower future entrepreneurs on campuses across the country. At the official launch of the programme held at Baze University in Abuja,…
Nigeria’s Aliko Dangote has reclaimed his post as the richest person in Africa, according to Forbes Real-Time Billionaires. Last week, South African business tycoon, Johann Ruper, took over the position from Dangote. According to the ranking as of January 8,…
Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation during the first nine months of 2023, according to a new report by Meristem. The report noted that the high…
No fewer than nine Ogun communities are currently experiencing power outages due to the drop in power generation from the Egbin power station. The Ibadan Electricity Distribution Company announced this on its social media handles late on Thursday night. According…
Nigerian electricity companies are short of an estimated N2tn ($2.5bn) in capital and need new investors to revive the industry that can barely supply power to its 200 million residents. Power companies in Nigeria are over-leveraged and under-capitalised, which has…
The Nigeria Railway Corporation has concluded plans to launch night operations before the second quarter of 2024. The Managing Director of NRC, Fidet Okhiria, disclosed this during an interview with the News Agency of Nigeria on Monday. He started, “What…
The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited. A statement from tne $20bn firm stated that the oil company was expecting…
Maritime stakeholders have lauded the Nigerian Shippers Council for the planned establishment of an Inland Dry Port in Nasarawa State. The Managing Director of Kaduna Inland Dry Port, Rotimi Hassan, lauded the NSC for the move. “It is a good…
Power distribution companies, on Sunday, denied reports of electricity tariff hike beginning from today, January 1, 2024. They said the Nigerian Electricity Regulatory Commission had not issued any directive for such. It was reported on Sunday (not PUNCH), that power…
A leading West Africa’s end-to-end digital infrastructure and technology service provider in Abuja, Phase 3, has lauded its staff members for being diligent and committed to their work during its 20th anniversary on Saturday. The chairman, Mr. Stanley Jegede, during an annual…
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