Business

…As Dangote Subsidiaries storm fair with essential products Ogun State Chamber of Commerce, Industries Mines and Agriculture (OGUNCCIMA) has commended the laudable roles played by the Dangote Industries Limited (DIL) in driving the economic growth and economic sustainability of the State. President of the Chamber, Lion Niyi Oshiyemi gave the commendation in Abeokuta while addressing the press to herald the…

The official manufacturer and marketer of the Peugeot brand of vehicles in Nigeria, Dangote Peugeot Automobiles Nigeria Limited (DPAN), has taken another bold step towards regaining its leadership position in the auto market. This time, DPAN has commenced the assembly of the GT model of the wave-making Peugeot 3008, which has hit commercial success and won awards with its different…

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has disclosed that the National Policy on Marine and Blue Economy; a policy that leverages on technology and private sector initiatives, is nearing Federal Executive Council approval.  He assured the League of Maritime Editors in Lagos on Monday that Nigeria is to become a premier maritime nation soon, as  efforts are…

…sets agenda for a transformative, vibrant, and globally competitive industrial ecosystem By Adeola Ogunrinde The Lagos State Government has reaffirmed its commitment to fostering a vibrant, resilient, innovative, and globally competitive industrial landscape. Lagos State Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose, stated this at the Lagos State Industrial Policy Consultative Assembly and Validation Workshop, organized by the…

Five airlines sanctioned by the Nigeria Civil Aviation Authority (NCAA) have officially received their sanction letters for various infractions, with further penalties under consideration. The Director for Consumer Protection and Public Affairs at the NCAA, Michael Achimugu, confirmed the development to our correspondent. “Yesterday, the five airlines received their letters of sanctions. The five airlines mentioned in that case have…

Nigerian Economic Summit Group (NESG) in collaboration with Stanbic IBTC have raised concerns that rising inflation, high interest rates, and weakened consumer purchasing power remain key risks, potentially tempering the strength of the recovery of businesses in 2025. The two organizations in reported titled, “Business Confidence Monitor”  expressed  that , “ While businesses anticipate improved performance in the first quarter…

The Federal Competition and Consumer Protection Commission (FCCPC) on Sunday said it welcomed the recent ruling of the Federal High Court in Lagos that affirms its statutory authority to investigate MTN Nigeria Plc, regulate competition and consumer protection across all sectors, including telecommunications sector. The judgment reinforces the FCCPC’s mandate as the primary authority responsible for preventing anti-competitive practices and…

The Nigerian equities market surged by N883.45 billion in five consecutive days of winning streak as investors buy into companies’ earnings report and strategic expansion moves that promise greater returns in near future.The market capitalization which opened at N64.708 trillion on Monday closed at N65.592 trillion on Friday just as the benchmark All Share Index climbed from 104,496.12 points to…

The Central Bank of Nigeria (CBN) has postponed its first Monetary Policy Committee (MPC) meeting for 2025 to March, following delays in the release of the rebased Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). Nairametrics stated that sources on Saturday said the CBN is reconsidering the February 17–18 meeting date due to the unavailability of…

As part of strategies to harness the potentials inherent within the various states for wealth creation, the Securities and Exchange Commission is to embark on investor education for State Governments across the Federation. The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama disclosed this during a meeting with a team from the World Bank Group and the…