The Minister of State for Industry, Sen. John Enoh, has called for the establishment of a legal framework to back the operations of Business Development Service Providers (BDSPs) across Nigeria. Enoh said this at the induction ceremony of the newly certified BDSPs organised by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on…
South African state utility, Eskom on Monday said that it was optimistic about power outlook in the country as there would be no electricity cuts in the next four months. Eskom’s difficulties in supplying power to Africa’s biggest economy have curbed economic growth for more than a decade. However, a turnaround in its plant performance…
The intervention of the National Security Adviser, Malam Nuhu Ribadu and other stakeholders, on Monday, led to the restoration of MTN telecommunication service in Kogi. The News Agency of Nigeria (NAN) reports that the Kogi State Utilities Infrastructure Management Compliance Agency (KUIMCA) had blocked MTN service to subscribers in the state following a dispute on…
Airtel Africa, on Monday announced that it has entered an agreement with SpaceX to bring Starlink’s high-speed internet services to its customers in Africa. Airtel Africa said this in a statement. It said that currently, SpaceX had acquired requisite licenses in nine out of 14 countries within Airtel Africa’s footprint, noting that operating licenses for…
Air Peace Ltd. has partnered with top smartphone brand Tecno Nigeria to launch the ‘Free to Snap, Free to Soar’ campaign aimed at celebrating customer loyalty. Air Peace’s Chief Operating Officer, Mrs Oluwatoyin Olajide, said in a statement on Sunday that the campaign seeks to reward loyal flyers through tech-driven engagement. The campaign includes two…
Investors on the Nigerian Exchange (NGX) Ltd. traded 2.200 billion shares worth N75.409 billion in 70,329 transactions during the week under review. This contrasts with 1.854 billion shares worth N56.025 billion traded last week in 51,386 deals. As a result, transaction value rose by 34.6 per cent, with investors gaining N19.384 billion on the Exchange….
The African Development Bank Group (AfDB) has approved a new five-year Country Strategy Paper (CSP) for Nigeria, committing about $650 million annually between 2025 and 2030 to drive economic transformation, build resilience, and promote broad-based prosperity. The Bank disclosed this in a statement published on its website on Thursday, stating that it will provide $2.95…
The Nigerian Exchange Group (NGX) has announced a profit of N2.1 billion for the first quarter of 2025. The Exchange disclosed this in its unaudited financial statement released on Wednesday. This represents an increase compared to the N1.34 billion profit recorded during the same period in 2024. The NGX also reported a revenue of N3.56…
Nestlé Nigeria has reported a 61 per cent revenue growth of N294.9 billion in first quarter of 2025. This is compared to N183.5 billion reported for the first quarter of 2024. The company disclosed this in a corporate disclosure sent to the Nigerian Exchange Ltd. on Wednesday. Its operating profit grew to N74.1 billion, representing…
President Bola Tinubu has approved the composition of an oversight committee for Nigeria’s hosting of the 4th African Union Micro, Small and Medium Enterprises (MSME) Forum. Mr Temitola Adekunle-Johnson, the Special Adviser to the President on Job Creation and MSMEs, Office of the Vice-President, made this known in a statement on Wednesday in Abuja. The…
