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Category: Business

Air Peace Launches Nonstop Flight Between Lagos and London
BusinessNews

Air Peace Launches Nonstop Flight Between Lagos and London

NEWS BAR NGMarch 30, 2024March 30, 2024

Victoria Mgbanwa Air Peace, has on Saturday, begin its Lagos-London flight services. Air Peace’s Chairman and Chief Executive Officer, Allen…

Recapitalisation Hurdle: Access Holdings Announces $1.5bn Capital Raising Programme
BusinessNews

Recapitalisation Hurdle: Access Holdings Announces $1.5bn Capital Raising Programme

NEWS BAR NGMarch 30, 2024March 30, 2024

Targets N365bn rights issue·         Analysts, bankers welcome capital raising for banks, fault exclusion of retained earnings·         Say exercise will strengthen financial institutions,…

REMITA Was Selected Based on Merit – CBN
BusinessNews

REMITA Was Selected Based on Merit – CBN

NEWS BAR NGMarch 29, 2024March 29, 2024

Bukola Afeni The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection of Remita…

DG BPP- Review of 2007 Public Procurement Act Set to Bring Value to Society
BusinessNews

DG BPP- Review of 2007 Public Procurement Act Set to Bring Value to Society

NEWS BAR NGMarch 14, 2024April 3, 2024

The Director General, Bureau of public procurement, Mamman Ahmadu FNIQS has stated that, the review of the 2007 Public Procurement…

NECA, CPPE Commend FG’s Suspension of $15,000 Expatriate Employment Levy
BusinessNews

NECA, CPPE Commend FG’s Suspension of $15,000 Expatriate Employment Levy

NEWS BAR NGMarch 11, 2024March 11, 2024

Nigeria Employers’ Consultative Association (NECA) and Centre for the Promotion of Private Enterprise (CPPE) have commended the federal government for…

MAN: 335 Manufacturing Companies Became Distressed, 767 Shut Down in 2023
BusinessNews

MAN: 335 Manufacturing Companies Became Distressed, 767 Shut Down in 2023

NEWS BAR NGMarch 6, 2024March 6, 2024

As controversy trails the newly introduced Expatriate Employment Levy (EEL) of $10,000 and $15,000 for staff and directors, respectively, the…

Citing Breach of Regulatory Provisions, CBN Revokes Licences of 4,173 BDCs
BusinessNews

Citing Breach of Regulatory Provisions, CBN Revokes Licences of 4,173 BDCs

NEWS BAR NGMarch 2, 2024March 2, 2024

•Cardoso: Apex bank to clear genuine, verified FX backlogs of five banks soon •Sells N1.06tn OMO as interest rate on…

Binance, Others Face Billions of Dollars  in Fines By SEC Over Alleged Currency Manipulations
BusinessNews

Binance, Others Face Billions of Dollars  in Fines By SEC Over Alleged Currency Manipulations

NEWS BAR NGFebruary 29, 2024February 29, 2024

The Securities and Exchange Commission (SEC) may slam huge fines running into billions of dollars on one of the world’s…

NARTO calls off strike, FG intervenes in improving welfare of truck drivers
BusinessNews

NARTO calls off strike, FG intervenes in improving welfare of truck drivers

NEWS BAR NGFebruary 24, 2024February 24, 2024

The National Association of Road Transport Owners (NARTO), has called off its  strike , following the intervention of the Federal…

TCN Declares 7-Hour Electricity Disruption in Certain Areas of Abuja
BusinessNews

TCN Declares 7-Hour Electricity Disruption in Certain Areas of Abuja

NEWS BAR NGFebruary 24, 2024February 24, 2024

Victoria Mgbanwa The Transmission Company of Nigeria (TCN) has announced a scheduled seven-hour power outage in parts of Abuja. The…

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