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 …
Western Africa
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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 …
- 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 …
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JA Africa, Boeing Launch STEM, Entrepreneurship Programmes in Nigeria, Togo
Junior Achievement Africa and global aerospace giant Boeing have announced plans to launch two major STEM and entrepreneurship initiatives in Nigeria and Togo aimed at equipping young people with the …
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VFD Group Declares N3.17bn Dividend, Bonus Shares as Profit Hits N11.3bn in 2024
Shareholders of VFD Group Plc have approved a total dividend payout of N3.17 billion, translating to N2.50 per share, following the company’s strong financial performance in 2024. The resolution was …
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Ghana’s Cedi Strengthens as Nigeria’s Naira Holds Steady; Uganda and Zambia Currencies Show Mixed Trends
The Ghanaian cedi is expected to continue its upward trend in the coming week, buoyed by sustained support from the Bank of Ghana and increased foreign currency inflows. As of …
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Manufacturers Count N1.91bn FX Loss in Q1 2025 Amid Currency Volatility
Nigeria’s manufacturing sector continues to feel the pinch of unstable foreign exchange rates, as top firms recorded a combined N1.91 billion forex loss in the first quarter of 2025. This …
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Shippers’ Council Seeks Stronger Backing for NESREA’s Environmental Role at Nigerian Ports
The Nigerian Shippers’ Council (NSC) has appealed for more support to enable the National Environmental Standards and Regulations Enforcement Agency (NESREA) to effectively carry out its environmental enforcement duties at …
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Sahara Group Foundation Unveils ‘MADAA Reloaded’ to Empower African Entrepreneurs with Funding and Support
The Sahara Group Foundation has launched the ‘Making A Difference Around Africa’ (MADAA) Reloaded initiative, aiming to empower African entrepreneurs and innovators who utilize local resources to address societal challenges. …
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Gencos Urge President Tinubu to Fast-Track Meeting on N4.7tn Power Sector Debt
Electricity generation companies (Gencos) in Nigeria are calling on President Bola Ahmed Tinubu to urgently fix a date for the long-awaited meeting over the rising debt crisis in the power …