Custodian Investment Plc has recorded a major profit jump, ending the 2024 financial year with a profit before tax of ₦60.67 billion. This marks a 133 per cent increase from …
Business Insights
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BusinessBusiness InsightsEnergyMarketsNigeriaTechnologyWestern Africa
Itel Solar Energy Opens First Nigerian Hub at Alaba Market, Targets Affordable Power for Homes, Businesses
Itel Solar Energy has launched its first official sales and service hub in Nigeria, setting up shop at the popular Alaba International Market in Lagos. The company said the move …
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BusinessBusiness InsightsEconomyInternational RelationsNigeriaTrade and CommerceWestern Africa
Customs Agents Kick as French Shipping Firm CMA/CGM Imposes $100 Surcharge on Nigeria-Bound Cargoes
Licensed customs agents in Nigeria have raised serious concerns following the introduction of a $100 Peak Season Surcharge by French shipping giant CMA/CGM on all twenty-foot equivalent unit (TEU) containers …
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomyEntrepreneurshipNigeria
FCMB Gives Four Customers ₦1 Million Each in Ongoing Promo
First City Monument Bank (FCMB) has made four Nigerians millionaires as it continues to reward loyal customers in its popular Millionaire Promo, now in its 10th season. The winners, who …
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AgribusinessAgricultureBusiness InsightsBusiness PoliciesEconomyInfrastructureInternational RelationsPoliciesSouth AfricaTANZANIATrade and Commerce
Tanzania and Malawi End Trade War After Retaliation Threats and Regional Pressure
Tanzania and Malawi have finally agreed to end their trade dispute following weeks of escalating tensions and reciprocal import restrictions. The two countries, joined by South Africa which was also …
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BusinessBusiness InsightsInnovationNigeriaTechnologyTelecommunications
Routelink Urges Nigerian Businesses to Adopt CPaaS for Better Customer Experience
Technology firm Routelink Group has urged Nigerian businesses to embrace Communications Platform as a Service (CPaaS) in order to improve customer experience, streamline communications, and reduce support costs. Speaking during …
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AfricaBanking, Finance & InvestmentBusiness InsightsEconomyFinance & ServicesGhanaNigeriaTrade and CommerceWestern Africa
Rand Merchant Bank Backs Tinubu’s Economic Reforms, Eyes Growth in West African Trade
Corporate and investment banking firm Rand Merchant Bank (RMB) Nigeria has declared its support for President Bola Tinubu’s economic reforms, saying they are crucial for stimulating trade and investment across …
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Banking, Finance & InvestmentBusiness InsightsBusiness PoliciesEconomyFinance & ServicesINVESTMENTNigeria
CBN Increases Treasury Bills Offer to N550bn as Investor Demand Drops by 29%
The Central Bank of Nigeria (CBN) has raised its total offer at the latest Treasury Bills Primary Market Auction to N550 billion, an increase from the N400 billion offered in …
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BusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyEnergyInfrastructureNigeriaOil & GasTrade and CommerceWestern Africa
Dangote Refinery, Marketers Clash Over Local Fuel Supply Claims
The management of Dangote Petroleum Refinery has rejected claims made by oil marketers that the refinery cannot meet Nigeria’s local fuel demand. Officials of the refinery told our correspondent that …
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Business InsightsBusiness PoliciesDevelopmentEconomyLabourNigeriaSpotlightWestern Africa
Navigating the New Minimum Wage: Impact and Strategies for Small Businesses in Nigeria
Introduction The discourse surrounding the minimum wage in Nigeria has always been a critical point of discussion, particularly for the business community. As the government and labor unions engage in …