• Lagos Govt Reduces Land Use Charge By 48%, Waives N5.8bn Penalties

    The Lagos State Government on Wednesday announced the reduction of the Land Use Charge (LUC) to the pre-2018 charges, indicating a reduction of 48 per cent. The Commissioner for Finance, Dr Rabiu Olowo, made this known at a news briefing on the 2020 New Land Use Charge Law in Alausa, ...

  • Medela, Wellbeing Foundation Partner To Fight Infant Mortality, Improve Breastfeeding

    In recognition of the World Breastfeeding Week, Medela Cares Initiative has announced its partnership with The Wellbeing Foundation Africa (WBFA) to improve breastfeeding support and resources in Neonatal Intensive Care Units (NICUs) in Nigeria. Medela Cares initiative is to help combat malnutrition and low breastfeeding rates in Nigeria by focusing ...

  • Operators Seek PMB’s  Intervention Over High Charges In LADOL Free Zone

    Investment advisors and other maritime operators  have called on President Muhammadu Buhari  to intervene on the issue of the  high charges slammed on investors at the Tarqua Bay base of Lagos Deep Offshore  Logistics (LADOL) to encourage inflow of investments. The operators lamented that the exorbitant cost of land per ...

  • Two Nigerians Certified PMI Portfolio Management Professionals

    Two Nigerians, Taopheek Babayeju and Chigozie Ndekile have been promoted to the elite group of Portfolio Management Professionals by earning the PMI Portfolio Management Professional (PfMP) certification. With just about 800 holders of the certification globally, the duo from iCentra Consulting, became the 7th and 8th respectively to earn the ...

  • Nigeria: Businesses Urged to Embrace Foreign Equity Investment

    [This Day] The Chairman of Invest Africa, Mr. Rob Hersov, has advised Nigerian entrepreneurs to promote successful international partnership and equity investment in their businesses.

  • Nigeria: Buhari Reappoints Osemwengie As Investment Tribunal Judge

    [This Day] President Muhammadu Buhari has reappointed Nosa Smart Osemwengie as full-time member and judge of the Investments and Securities Tribunal (IST) for a second term.

  • Estado do Rio espera injeção de R$ 819 milhões com Dia dos Pais

    O Dia dos Pais deverá injetar R$ 819 milhões na economia do estado do Rio de Janeiro, de acordo com pesquisa realizada pelo Instituto Fecomércio de Pesquisas e Análises (IFec RJ) com 533 consumidores fluminenses entre os dias 27 e 29 de julho passado. A expectativa é 35% inferior aos ...

  • Copom inicia reunião para definir taxa básica de juros

    O Comitê de Política Monetária (Copom) do Banco Central (BC) realiza hoje (4) a primeira parte da reunião para definir a taxa básica de juros, a Selic. Amanhã (5), após a segunda parte da reunião, será anunciada a taxa ao final do dia. A mediana (que desconsidera os extremos nas estimativas) das projeções das instituições ...

  • Man Docked Over Alleged N3.9m Fraud.

    A businessman, Mustapha Umar,  on Tuesday appeared in a Life Camp Magistrates’ Court, Abuja, for allegedly defrauding a man of N3. 9 million. Umar, who resides at  Sabon Lugbe, Abuja, is charged with two counts of criminal breach of trust and cheating. He, however, pleaded not guilty. The prosecution counsel, ...

  • ‘Sale Of Vehicles To Ex-FMBN Boss Followed Due Process’

    A report from a private investigation agency has revealed that the sales of three vehicles to its former managing director, Dr Gimba Ya’u Kumo was in line with the bank’s policy and followed due process. The report signed by the head of Investigation, Gaskiya Reports, Babangida Ali and made available ...

  • LCCI Seeks Review Of NIPOST Operational Code

    The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of the operational guidelines of the Nigerian Postal Service (NIPOST) to ensure development of the courier business. LCCI, in a press release noted that a framework in which NIPOST is both a regulator and operator was detrimental ...

  • Restaurant Opens 110th Merchandising Store

    Leading quick service restaurant (QSR) operator in Nigeria, EAT ‘N’ Go and Master Franchisee of Pizza brand Domino’s Pizza and Cold Stone Creamery, has opened its 110th store in Nigeria. This feat was recorded after brands opened their 50th stores respectively in Badore Ajah, Lagos State. This expansion even amid ...

  • Shoprite Denies Exit Rumour,Says ‘We’re Open To Nigerian Investors’

    South African retail company, Shoprite Holdings Limited, has discplosed that the Company was engaging Nigerian investors in expanding its operations. The Company explained that following approaches from various potential investors, and in line with its re-evaluation of the Group’s operating model in Nigeria, the Board decided to initiate a formal ...

  • Nestlé Nigeria Declares N141bn Revenue In H1

    Nestlé Nigeria Plc has announced revenue of N141.025 billion for the half year (HI) ended June 30, 2020. The Company in its half year results released on the Nigerian Stock Exchange (NSE) showed that revenue dropped slightly from N141.909 in H1, 2019 to N141.025 in H1, 2020. Cost of sales ...

  • $5.3bn Chinese Loans: CNPP Asks Amaechi to Step Aside

    The Conference of Nigeria Political Parties (CNPP) has demanded that the Minister of Transportation, Rotimi Amaechi immediately steps aside while the probe of the alleged lethal clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and Export-Import Bank of China which allegedly “wills the sovereignty of Nigeria” ...

  • Gas Business Is Nigeria’s Future– Kyari

    The group managing director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that  gas is  the future of energy development in Nigeria. Kyari who was speaking at the maiden Seplat Energy Summit 2020 held in Lagos, said Africa, especially Nigeria has huge gas resources which can be harnessed and ...

  • How Not To Fight Corruption

    Welcome to the new Nigeria. A Nigeria where media trial is the in thing. A Nigeria where one is adjudged guilty even before a real trial begins; where a person is condemned even before a law court gives its verdict. It gets so bad that it takes a miracle for ...

  • Chinese Loans: Nigeria’s Sovereignty Not In Danger -APC Chieftain

    A chieftain of the All Progressives Congress (APC), Eze Chukwuemeka Eze, has declared that Nigeria is not in danger of losing its sovereignty due to loans agreement between the Federal Government and the Export-Import Bank of the People’s Republic of China. Eze, in a statement made available to LEADERSHIP in ...

  • Nigerian Embassy In UAE Under Fire Over Evacuation Flight

    The Chairman House of Representatives Committee on Aviation, Hon. Nnolim Nnaji has berated the Nigerian Embassy in the United Arab Emirates for sabotaging the economic interests of Nigeria and Nigerian people. Nnaji stated this while reacting to the marketing of Emirates Airlines’ charter flights by the embassy which urged stranded ...

  • Meet Wisdom Amatoritsero Omagbemi, Nigeria’s Artist-entrepreneur Who Creates His Own Economy

    Many musicians are happy just creating music and enjoying the lifestyle that being a famous musician provides. However, a lot of pop, rap & rock stars have interests beyond music, including a passion for entrepreneurship. Born, Wisdom Omatoritsero Omagbemi, is one of those impressive musician-entrepreneurs who has made a name ...

  • Polaris Bank Partners Facebook To Build Capacity For SMEs

    Polaris Bank has partnered with the global social media giant, Facebook to provide free digital marketing training to SMEs in Nigeria. The bank explained that this move was intended to equip small and medium-scale enterprises (SMEs), who are focused on leveraging social media tools to drive business and sales. According ...