The Naira appreciated significantly against the dollar at the official foreign exchange market to end the week on a positive note. FMDQ data showed that the Naira strengthened to N1593.32 per dollar at the close of work on Friday from N1625.88 exchanged on Thursday. This represents a significant 32.56 gain against the dollar compared to...
Category: Business
Post
Post
CAC Threatens to Shut Down Unregistered PoS Operators
The Corporate Affairs Commission has said it will work with law enforcement agencies and other legal means to shut down recalcitrant Sales Operators who fail to register their businesses as its 60-day deadline lapses. The Commission disclosed this in a notice Friday on its official X handle. This comes after CAC on July 7, 2024,...
Post
Join the Conversation: Enugu SME Half Hour Show Ceases Every Thursday at 5 PM with Weeja Ebele Idam”
We are thrilled to announce the return of the “Enugu SME Half Hour Show” to the airwaves! This season, we’re bringing fresh insights on topics that matter most to our community, starting with a discussion featuring Hon. Arinze Chilo-Offiah on the NG-CARES MSME Enumeration exercise across the 17 LGAs. The NG-CARES Program, initiated by the...
Post
NNPCL: We’re Open to Collaboration to End Unnecessary Fuel Scarcity, IPMAN CaN Buy Fuel from Dangote Refinery
The Nigerian National Petroleum Company Limited, NNPCL, on Thursday said its doing everything to ensure that the fuel scarcity is over. Adedapo Segun, the Executive Vice President, Downstream sector of NNPCL said the company is open to bringing all players in the oil sector onboard to end the fuel scarcity. Featuring on Arise TV Morning...
Post
Otedola Tells Oil Depot Owners to Dismantle and Sell as Scrap Amid Dangote Refinery Launch
Billionaire business mogul, Femi Otedola, has told owners of oil depots in the country to dismantle their depots and sell them as scrap. Otedola said this following the announcement earlier on Tuesday that Dangote Refinery is now fully ready to churn out petroleum products, including the Premium Motor Spirit also known as petrol across the...
Post
Dangote’s Refinery Set to Unmask Nigeria’s Petrol Consumption Secrets
The President of Dangote Group and owner of Lagos-based Dangote Refinery, Aliko Dangote has said that his $20 billion facility will show the true volume of petrol consumption in Nigeria. Dangote made this statement at a conference on Tuesday in Lagos where he rolled out Premium Motor Spirit (PMS) also known as petrol from the...
Post
Naira Slumps Against Dollar as FX Turnover Hits $7.39 Billion in July
The Naira depreciated by N72.58 against the dollar as Foreign Exchange turnover transactions hit $7.39 billion at the close of the official trading window in July 2024 compared to June. This is according to the FMDQ financial market report in the period under review. In Naira terms, the country’s FX turnover stood at N11.48 trillion...
Post
Crude Oil Refiners Association Slams Government over Refinery Rehabilitation Plans
The Crude Oil Refiners Association of Nigeria has appealed to the Nigerian National Petroleum Company and the federal government to sell the Port Harcourt, Warri and Kaduna refineries. CORAN Publicity Secretary, Eche Idoko made this call in a recent statement. According to him, the $1.5 billion spent on the rehabilitation of Port Harcourt Refinery would...
Post
Investors Directed to Official SEC Website for Secure E-Dividend Portal Access”
The Securities and Exchange Commission, SEC, has encouraged investors to take advantage of the revamped e-dividend portal to mandate their accounts, emphasizing the platform’s security and user-friendliness. This was contained in a statement by SEC Director General Emomotimi Agama, who stated that the portal is a secured means for investors to manage their dividends and...
Post
Unlock Your Potential with Essential Digital Skills!
In today’s fast-paced world, digital skills aren’t just a bonus—they’re a necessity. Whether it’s navigating AI on WhatsApp or mastering tools like Microsoft Excel, having the right skills can make life so much easier. That’s why we’re excited to announce the Second Phase of The Enugu Digital Skills Training (EDST) Program—designed specifically for civil servants!...