The Poultry Association of Nigeria (PAN), Lagos State chapter, has projected a drop in the price of eggs with the sustenance of the state farmers’ feed subsidy. The Chairman Poultry Association of Nigeria (PAN), Lagos State chapter, Mr Mojeed Iyiola, said this in an interview with the News Agency of Nigeria (NAN) in Lagos yesterday. NAN reports...
Category: Business
Sterling Bank Rewards Loyal Customer in Confam Jara 2.0 Promo
Sterling Bank’s Confam Jara 2.0 promotion has seen its first millionaire emerge, marking a significant milestone in the campaign aimed at rewarding loyal customers. Launched last month, the initiative encourages customers to conduct at least five transactions monthly using their debit cards, OneBank app or USSD (*822#) for purchasing goods and services. This campaign spans six months,...
FG Moves to Clear Pension Arrears with N758bn Bond Sale
The Federal Government says it would issue bonds worth N758bn to clear accumulated pension debts. This includes debts owed under the old Defined Benefit Scheme before the introduction of the Contributory Pension Scheme in 2004, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, told journalists on Tuesday in Abuja. Edun briefed...
Nigeria’s Oil and Gas Sector Generates $305 Billion in Revenue
The Federal Government realised the sum of $305billion as revenue inflows from the oil and gas sector from 2014 to 2024, it was learnt yesterday. The Nigeria Extractive Industries Transparency Initiatives (NEITI), disclosed this when its executive secretary/national Coordinator, Dr Orji Ogbonnaya Orji appeared before the Senate Public Accounts Committee (SPAC) in Abuja. According to Orji in...
Interswitch Hosts Ecosystem Innovation Mixer to Empower Startups
Interswitch Group has organised the maiden edition of its startup innovation mixer, which took place at the Interswitch Innovation Hub at the company’s Lagos headquarters. Themed “Unlocking Synergies between Startups and Established Corporates,” the event attracted a cross-section of stakeholders across the broader tech, fintech and payments industries, including Interswitch Alumni. This Innovation Mixer was conceptualized...
NLC Threatens Economic Shutdown as Nigerian Government Remains Unfazed by Tariff Hike Protests
Nigerians’ pleas for a more affordable telecom tariff, specifically a reduction from 50% to 10%, have fallen on deaf ears as the government stands firm on its decision. This comes as the Nigeria Labour Congress on Wednesday mobilized workers across the country to shut down the economy in protest against the 50 percent tariff hike...
Union Bank Sets Limit on PoS Withdrawals for Customers
Union Bank has commenced the implementation of a daily withdrawal limit on point-of-sale (PoS) terminals. The implementation followed a directive by the Central Bank of Nigeria (CBN) on December 17, 2024, limiting the daily withdrawal limit on PoS to N100,000 per customer. According to CBN, the intervention is aimed at addressing identified challenges, combating fraud and...
Invest in Enugu, Governor Mbah Tells Diaspora Community
… as NiDCOM Chairman lauds governor’s investment in infrastructure, security Enugu State Governor, Dr. Peter Mbah, is inviting the Nigerian diaspora community to invest in Enugu, promising a hassle-free investment process and high returns. To facilitate this, his administration has put in place robust mechanisms, including a one-stop shop for business registration and a streamlined...
Fuel Price Hike: Nigerians React as Dangote, PETROAN Cite Global Market Trends
Dangote Refinery and Petroleum Products Marketers have shifted the blame for the recent premium motor spirit price hike to global crude oil prices as Nigerians lament its impact. This comes as Nigerians express concerns over the effects of the latest fuel price hike. UGAMA TV reports that on Friday, Nigerians woke up to a fresh...
Trump’s Proposed Tariffs Could Reduce Consumer Spending on Tech Products
The Consumer Technology Association, CTA, has warned that tariffs proposed by President-elect Donald Trump could significantly reduce Americans’ ability to purchase technology products. It said that this would potentially cut consumer purchasing power by up to 143 billion dollars. According to a report released by CTA, laptop and tablet purchases could plummet by as much...