Senate Seeks N10bn Fund for Capital Market Investor Education The Senate has proposed a N10 billion special fund for investor education in the capital market as part of the 2025 budget. According to the Senate, the initiative aims to raise awareness among Nigerians and attract more investors to the market. […]
Author: Business Nexus
Air Peace Promotes Senior First Officer To Captain on Boeing 777 Fleet
Air Peace, Nigeria’s foremost airline and West Africa’s largest carrier, proudly announces the elevation of Senior First Officer Chibuzo Mbanefo to the rank of Captain on its Boeing 777 fleet. Captain Mbanefo has consistently demonstrated exceptional skill, leadership, and commitment to upholding Air Peace’s high operational standards. After undergoing rigorous […]
Manufacturers Warn 15% Port Tariff Increase Will Fuel Inflation, Smuggling
The Manufacturers Association of Nigeria (MAN) has strongly opposed the proposed 15 per cent increase in port-related charges, warning that the decision will drive up production costs, fuel inflation, and encourage smuggling. The association stressed that the hike is ill-timed, given the economic challenges businesses are currently facing. MAN’s […]
Neimeth’s WHO-Compliant Plant to Strengthen Africa’s Pharma Supply Chain Under AfCFTA- Okelu
Neimeth International Pharmaceuticals Plc has said that the construction of a state-of-the-art, WHO-compliant pharmaceutical manufacturing facility in Amawbia, Anambra State, is a move poised to enhance Africa’s healthcare industry and solidify Nigeria’s role as a key player in regional pharmaceutical production. Speaking at a media parley in Lagos, the […]
Sales From Sugar Accounts For 48% Of BUA Foods Revenue As Food Inflation Soars
The Sugar division contributed 48 per cent to BUA Foods’s revenue in full year 2024 according to the company’s earnings release. Nigeria’s food inflation rate hit 39.84 per cent in December 2024, a 5.91 per cent increase from the 39.93 per cent recorded in December 2023, […]
Blockchain Technology Will Aid Market Regulation – SEC
The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has emphasized that the deployment of blockchain technology will improve efficiency and aid the regulation of the capital market. Agama stated this during a session with a delegation from Algorand Foundation, at the Commission’s headquarters in Abuja. […]
Lagos State Govt., LCFE Unveil Investment Opportunities In Energy Sector
The Lagos State Government, in collaboration with Lagos Commodities and Futures Exchange (LCFE), has unveiled vast investment opportunities in electricity in the State at the weekend. Following the enactment of Lagos State Electricity Law 2024, which empowers the state government to generate its electricity , key stakeholders, highlighted potentials for […]
Oando Publishes N4.1 Trillion Revenue and N65.5 billion Profit-After-Tax in FY 2024 Results
Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 with a 45% growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results. The […]
Airtel Africa’s Data Penetration Climbs 13.8% To 71.4m as Customer Base Expands
Airtel Africa has reported a significant increase in its data and mobile money customer base in its nine months ended December 31, 2024. The company’s total customer base grew by 7.9 per cent to reach 163.1m, with data customer penetration rising by 13.8 per cent, bringing the number of […]
Over N2.4bn Disbursed For 2023 FG Projects, Yet No Contractor On Site-BudgIT
Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track and give feedback on public projects in their communities, has uncovered payments worth N2.4bn to seventeen contractors for fifteen projects across nine states, yet no contractor has commenced work on these sites. According to the organisation’s […]