analysts see prospects for growth, encourage corporate sponsorship for sustainability
Stakeholders and entertainment actors in Edo State have valued the revenue accrued to the sector in 2021 to about N500 million owing to the growing opportunities and investment attracted to the creative and entertainment industry during the period.
A cross-section...
As part of its development finance move, the Central Bank of Nigeria over the years supported critical projects to reflate the economy and drive national growth.
Due to its potential to drive economic growth, the Dangote refinery is one of the critical projects the CBN has invested in especially by...
Union Bank of Nigeria (UBN) Plc on Thursday announced a dividend recommendation of about N7.3 billion for the 2019 business year, its first dividend payment in 11 years. Shareholders will receive a dividend per share of 25 kobo.
The dividend was a major highlight of considerable improvements in the commercial...
The equities market opened the week with N112bn gain as 16 gainers emerged, led by MTN Nigeria Communications Plc, whose share price increased by 10 per cent on the back of the revocation of its $2bn tax case in Nigeria.
The Attorney General of the Federation, Abubakar Malami, had dropped...
Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic.
The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its...
The Central Bank of Nigeria (CBN) in a significant move has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators due to their failure to adhere to regulatory provisions. This action comes as the apex bank intensifies efforts to enforce compliance with guidelines aimed at combating financial crimes...
Nigerian startup airline, Rano Air, has reportedly secured four EMB-145LRs aircraft to start operations in 2022.
This was disclosed in some social media posts on Tuesday. Videos of the new aircraft were also uploaded on social media.
In January, the company applied for an Air Transport License (ATL) with the Nigerian...
The Tony Elumelu Foundation (TEF), in collaboration with United Nation Development Programme (UNDP) has released the names of 2,100 entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme.
A statement explained that the programme targets small business owners in rural communities across the seven Sahel countries of Africa – Nigeria,...
United Bank for Africa Plc has introduced a product called UBA Connect to deepen intra-African trade and enable customers to make cash withdrawals in local currencies
A statement said the service would enable customers of the bank to conduct traditional banking transactions at any UBA branch in the 20 African...
The Nigerian government has been advised by the International Monetary Fund to eliminate what it has described as hidden subsidies on fuel and electricity.
In a recent report from the IMF, Nigeria was informed that subsidies are expected to consume three percent of the country's Gross Domestic Product in 2024,...
