Business
Business General Multinational Agencies

NASENI invites Lithium batteries producers to Nigeria

By Abdulfatah Babatunde The National Agency for Science and Engineering Infrastructure (NASENI) has invited foreign investors to collaborate on local production and domestication of Lithium batteries and other renewable energy solutions in Nigeria.  Bashir Gwandu, CEO of NASENI announced this while receiving business delegation from LEMI Technology Shenzhen, China, on Monday in Abuja. Ms Joyce […]

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Business Economy Foreign News

Investment: Anambrans in Cote d`Ivoire seek conducive environment

Anambra indigenes residents in Cote d`Ivoire have called on the state government to create an enabling environment that would attract people in the Diaspora to invest at home. They also said that Anambra people in the Diaspora were eager to invest in the state to boost its economy. Nze Chiadi Chinazo, Vice-President of Anambra State […]

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Business Economy

Standard Chartered projects Malaysia’s exports at $425bln

Malaysia’s exports are projected to reach $425 billion by 2030 with an annual growth rate of 6.8 per cent, Standard Chartered said on Monday. According to the global bank, China and Singapore are expected to continue to dominate Malaysia’s trade, while India, Vietnam and Indonesia are emerging as high-opportunity trade partners. Malaysia’s exports to China […]

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Business Economy

MSMEs development: SMEDA signs MoU with 2 banks

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed memorandum of understanding (MoU) with the First Bank and Sterling Bank to develop and promote Micro Small and Medium Enterprises (MSMEs). In his remarks at First Bank event, Dr Olawale Fasanya, Director-General of SMEDAN identified funding as critical issue for MSMEs. Fasanya, therefore, […]

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Business General

FG inaugurates central register of beneficial owners of coys

The Federal Government has established Nigeria’s Open Register of Beneficial Ownership of Companies to promoting transparency and accountability. Inaugurating the register, the Minister of Industry, Trade and Investment, Adeniyi Adebayo said the initiative, under Corporate Affairs Commission’s mandate (CAC), would support anti-corruption efforts in Nigeria and globally. Mr Babagana Alkali, Director of Policy, Research and […]

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Business Economy

BOI assets grow 39. 2 per cent in 2 yrs – Chairman

Chairman, Board of Directors of Bank of Industry (BOI) Group, Aliyu Dikko, said the group’s total assets have grown by 39. 2 per cent between 2021 and 2022. Dikko stated this during the 63rd Annual General Meeting (AGM) of the bank, on Thursday, in Abuja. He said the bank maintained appreciable growth in its financial […]

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Business General

Nigeria’s cinema records N441m revenue in March

The Cinema Exhibitors Association of Nigeria (CEAN) says it generated N441 million from tickets sold across the country in March. The National Chairman of CEAN, Mr Opeyemi Ajayi, announced in a chat with newsmen in Lagos. Ajayi said the total admission of viewers into cinemas across the federation, for the period under review Is 174,071. […]

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Business Economy

Ramadan: Ice block vendors make brisk sales in Kano

Ice block sellers are making brisk business in Kano, due to the high demand for cold water, occasioned by the hot weather condition. The prevailing hot weather condition, coupled with the epileptic power supply and the Ramadan fast, all combined to create a high demand for cold water by residents. Further checks by a correspondent […]

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Business Economy National

Customers praise POS operator for low withdrawal charges

From Abdulfatah Babatunde, Akure A Point-of-Sale (POS) cash transaction operator in Akure, Ondo State, Mr Waheed Adéyemí has endeared himself to hundreds of cash-trapped residents by charging a low withdrawal commission. The NewsZenith reports that hundreds of residents troop to Adeyemi’s shop on Awule road, Akure to withdraw money. They were praising Adéyemí for charging […]

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Business Law / Crime

2 in court for allegedly damaging Shoprite’s door

Two men – Tunde Okunuga, 33, and John Solomon, 19 – on Thursday appeared before an Iyaganku Magistrate’s Court,  Ibadan, for allegedly damaging a glass door of the Shoprite on Ring Road, Ibadan. The defendants, whose residential addresses were not provided, are facing charges of conspiracy, malicious damage and perjury. They, however, pleaded not guilty […]

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