Leadway Assurance, Nestle, Microsoft, others join Sterling to unlock $1trn economy
For this year‘s Agricultural Summit Africa (ASA), the largest private sector-led conference on the agriculture sector in sub–Saharan Africa, Sterling Bank Plc has announced plans with her partners…
N400bn goods rot away over demurrage, shipping costs
There are signs that clearing procedures at the country‘s major sea ports may have gotten worse as considerable backlog is growing as a result of a rise in…
Cashless economy expands as e-payment rise 26% to N271.6trn
When compared to the first nine months of the previous year (January to September 2021), the value of electronic payment transactions increased annually by 26% to N271.6 trillion.Infomation…
Why 8,000 overtime cargoes litter Nigerian ports – Experts
The high rate of abandoned overtime shipments at the country‘s seaports has been attributed, in part, to inconsistent and poor procedures, according to experts.Infomation Guide Nigeria According to…
Forex scarcity hits gas suppliers, price hike imminent
There are indications that gas prices may continue to climb, and Nigerians may pay more, since marketers have suggested that the high dollar–to-naira exchange rate has a negative…
Samsung warns of 32% hit to profits on chip slump
The worldwide economic recession has led to a 32% decline in demand for electronic devices and the memory chips that power them. As a result, the technology giant…
Google’s Equiano submarine cable begins operation in Nigeria by December
Google has announced that its Equiano underwater Internet cable, which landed in Nigeria in April and stretches 12,000 kilometres, will be online by December.Infomation Guide Nigeria Equiano is…
Senate approves 2023 – 2025 MTEF /FSP, kicks against N1.7trn subsidy recommendation
Senators were divided, however, on one of the committee’s recommendations that the cost of subsidies be capped at N1.7 Trillion, which is less than the N3.6 Trillion requested…
OPEC+ slashes Nigeria’s oil quota by 4.6% to 1.742 mb/d
THE Organization of Petroleum Exporting Countries and its allies, known colloquially as OPEC+, cut Nigeria’s oil output by 4.6 percent to 1.742 million barrels per day, mb/d, excluding…
CBN disburses N2.1trn Real Sector Support Facility
The Nigerian Central Bank (CBN) has disbursed N2.1 trillion as part of the Real Sector Support Facility Initiative. Mr. Osita Nwanisobi, director of corporate communications for the bank,…