Business

  Senior Advocate of Nigeria and Human Rights Activist, Femi Falana, has condemned the Nigerian National Petroleum Corporation Limited (NNPCL) for its role in determining the price of Premium Motor Spirit (PMS), commonly known as petrol, following the deregulation of the ...

  The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing obligations could pose downside risks for the growth of external reserves by 2024/2025. CBN disclosed this in its Monetary, Credit, Foreign ...

  The Central Bank of Nigeria has reconstituted the board of directors of Keystone Bank. The move announced on Wednesday, as part of the apex bank’s strategy to ensure sustained growth for the financial institution. According to a statement from ...

  CWAY Foods and Beverages has launched three new drinks—Café Coffee Milk, Fuji Probiotic, and Assam Milk Tea, aimed at addressing the changing consumer preferences for innovative and health-conscious options. The launch ceremony was held recently in Lagos. The General ...

  The Federal Accounts Allocation Committee has said it disbursed N1.2 trillion earned as revenue in August 2024 to the Federal Government, states, and Local Government councils in Nigeria. The revenue distribution was announced at the September 2024 FAAC meeting ...

  Jumia, Africa’s e-commerce platform, has stated it has recently deployed a city expansion strategy in line with its effort towards addressing the challenges of e-commerce in Nigeria. A statement by Jumia disclosed that the expansion was designed to bring ...

  Nestlé Nigeria reinforced its commitment to youth empowerment and skill development with the graduation of 20 young men and women from its Technical Training Centre (TTC) in Flowergate. This ceremony, marking the first-ever graduation at the Flowergate facility, is ...

  Ozone preservation plays a pivotal role in safeguarding ecosystems and human health by reducing harmful ultraviolet (UV) radiation that contributes to environmental degradation and health risks. As part of its core focus on climate action, Sterling One Foundation continues ...

  Adron Homes and Properties Limited extends its warmest greetings and heartfelt felicitations to all our esteemed Muslim customers as they celebrate the auspicious occasion of Eid Maulud Nabiyy, the commemoration of the birth of the Holy Prophet Muhammad (Peace ...

  The first woman and first African to head the World Trade Organization, Ngozi Okonjo-Iweala, will be seeking a second four-year term when her mandate expires next August. Her spokesman disclosed this today. “We can confirm that Dr. Ngozi Okonjo-Iweala has ...

  The Nigerian National Petroleum Company Limited (NNPCL), on Monday, released the estimated price of Premium Motor Spirit (PMS) sourced from the Dangote Refinery, with the petrol pump price expected to be sold for N950.22 in Lagos and N1,019.22 in Borno ...

  The Nigerian National Petroleum Company Limited (NNPC Ltd) on Sunday said it bought petrol from Dangote refinery at N898 per litre. Olufemi Soneye, the chief corporate communications officer of the company, disclosed this to Premium Times in an interview ...

The Economic and Financial Crimes Commission (EFCC) has detained five Chinese nationals over alleged illegal mining in Ndito-Eka-Iba village, Ibieno Local Government Area of Akwa Ibom. Mr Dele Oyewale, EFCC spokesperson, said this in a statement on Sunday in Abuja. He ...

  Telecommunications operators are expected to start disconnecting mobile telephone lines that are not linked to National Identification Numbers, following the expiration of the September 14 deadline set by the Nigerian Communications Commission. The NCC said in a statement in ...

Lagos State Government Seals Off Cubana Chief Priest’s New Restaurant and Bar   The Lagos State government has sealed Donald’s Restaurant, owned by Cubana Chief Priest The closure was due to environmental violations. The restaurant, which opened in August, was closed ...

  Food and drink manufacturer, CHI Limited has won multiple accolades at the ‘Africa’s Most Admired Brands Awards.’ According to a statement from the firm, its flagship products, Chivita and Hollandia, received recognition at the awards ceremony recently held in ...

  E-commerce platform, Jumia Nigeria, has kicked off the Jumia Festival 2024, a two-week shopping event aimed at offering discounts on products and empowering businesses to reach a broader audience. The festival, themed ‘Shop Authentic, Save More’, kicked off on ...

  China said Friday it would gradually raise its statutory retirement age, state news agency Xinhua reported, as the country faces a looming demographic crisis and an ageing population. “The statutory retirement age for male workers will be gradually extended ...

  Marketing and advertising publication, ‘Marketing Edge,’ has rebranded its annual award as the ‘Edge Awards’, to expand its scope. In a statement, Marketing Edge’s rebrand signals a new era for the awards event known for celebrating outstanding contributions across ...

Rite Foods Limited has partnered with the 2024 Test Festival hosted by The Bug Detective to support young technology professionals. According to a statement, Rite Foods partnered with The Bug Detective to organise the event with the theme ‘Making Quality ...

  LAPO Microfinance Bank Limited has collaborated with the International Institute of Tropical Agriculture to launch a tree-planting initiative aimed at addressing climate change and enhancing environmental sustainability. In a statement on Thursday, the partnership was formalised during a memorandum ...

  The House of Representatives Public Accounts Committee has directed Guaranty Trust Bank to calculate and remit the Value Added Tax on the commission received from Remita transactions between 2015 and 2022 to the Federal Government. Remita is a financial ...

  The Central Bank of Nigeria has directed that all Point of Sale operators must route transactions through licensed payment terminal service aggregators. A circular posted on the CBN’s website on Thursday stated that the move was aimed at enhancing ...

  First City Monument Bank has clinched dual honours at the Development Bank of Nigeria 2024 Annual Lecture Series and Awards. It was named the “Best Bank with the Highest Impact on MSMEs Accessing Credit for the First Time in ...

  The United Bank for Africa Foundation has pledged to plant one million trees across Africa as part of its tree-planting campaign. In a statement made available to our correspondent on Thursday, the initiative, themed “Our Land: Grooming a Greener ...