Business

Global energy industry is upscaling its cybersecurity spending this year, as heightened geopolitical tensions and the accelerating adoption of digitally connected infrastructure spark concerns over the sector’s vulnerabilities to emerging cyber threats. New research published by DNV reveals that a...

Oil major Chevron Corp. said natural gas will play a long-term role in curbing emissions, bucking some environmental groups that see the fuel’s role as a temporary bridge to a low-carbon economy. To that end, European buyers are signing more...

President Bola Tinubu yesterday, hosted ExxonMobil executives at the state house. The President said the meeting with Liam Mallon, president upstream oil and gas and Adesua Dozie, executive director/general counsel for the company, marks the continuation of his administration’s efforts...

With N1.7 billion exposure to the Government of Ghana (GoG) Eurobond by the Nigerian banking industry, has resulted in impairment charge of over N280 billion in the banking industry Banks exposed to the Ghana Eurobond had recorded higher impairments in...

The federal government online financial transactions have been put on hold as Ministries, Departments and Agencies of government grapple with financial crisis following a presidential directive to the Central Bank of Nigeria (CBN) to place embargo on their accounts. LEADERSHIP...

Nigeria’s currency yesterday depreciated by 1.02 per cent (N4.83/$1) at the Investors and Exporters (I&E) forex window, Nigeria’s official foreign exchange (FX) market. After trading on Thursday the dollar was quoted at N469.50 compared to N464.67 quoted since May 31,...

The National Bureau of Statistics (NBS) has revealed Nigeria earned N109.6 trillion from non-oil taxes in 12 years. The federal agency gave the breakdown in its latest report titled “Tax-To-GDP Ratio.” The document noted that between 2010 and 2021, Africa’s most...

The Business for Peace Community Development Foundation (B4P CODEFOUND) officially launched its Liberian operations on June 2, 2023 in Gbarnga, Bong County.  The foundation, which is registered in the United States and Liberia, according to a release is a non-profit...

The federal government has approved the ratification of six maritime conventions and protocols that promote cleaner marine environment, ship-breaking criteria, global standard for fishing crew and response to oil pollution casualties. The approved instruments for ratification are Hong Kong International...

The Nigeria Communications Commission, in keeping with its mandate, creates opportunities to interact with its licensees on industry issues and new trends via stakeholder fora, with a view to gathering relevant information that would further advance the development of...

  The Securities and Exchange Commission (SEC) has said, Nigeria has various commodities that could be exported in a bid to grow the economy, provide jobs for Nigerians as well as provide the nation with forex. Director-general of SEC, Mr. Lamido...

  Nigeria’s agric export increased by  39 per cent in the first quarter of 2023, according to the National Bureau of Statistics (NBS). The exported agro-products were worth N279.64 billion in the first three months of the year as against N201.59...

The meeting between the Federal Government and the Labour unions has proposed alternatives to the use of petrol by Nigerians as a way to cushion the effect of subsidy removal on petrol. Mr Femi Gbajabiamila, Speaker of the House of...

By Henry Uche Mr  Ayo Olunuga is a logistics professional who has plied his trade across Nigeria and the West African subregion. He recently spoke to Daily Sun  on the chnaging dynamics of On demand warehousing practice and how it can...

Connectivity is currently threatened over fund of foreign airlines trapped in various countries across the world, the International Air Transport Association (IATA), has said. According to the latest figure by IATA, the total amount of foreign airlines’ trapped funds in...

Following the recent review of its Differential Premium Assessment System (DPAS) framework, the Nigeria Deposit Insurance Corporation (NDIC) has sought input from critical stakeholders towards making the document more robust and all embracing. In a release by the director, communication...

The National Union of Electricity Employees (NUEE) has directed its members to withdraw their services nationwide over the sudden removal of fuel subsidy by the Nigerian government. The NUEE in a notice signed by its acting general secretary, Dominic Igwebike,...

Nigeria’s retail lender Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended December 2022, even as its gross earnings rose by 13.1 percent to N57 billion from N50.2 billion in...

Nigeria’s retail lender, Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended December 2022, even as its gross earnings rose by 13.1 per cent to N57 billion from N50.2 billion...

  Nigeria’s Organised Private Sector (OPS), has expressed its expectation to the new government of President Bola Tinubu to provide a conducive environment for sustainable entrepreneurship for the growth and success of the sector. President Bola Tinubu, had at his inauguration...

There are people in Nigeria who want to start a small scale business enterprise but the challenge is lack of capital. This problem does not necessarily apply to salary earners in Nigeria. How do I mean? you may ask. There...

List of Small Business Loans in Nigeria Small businesses are the backbone of Nigeria’s economy, and access to adequate financing is crucial for their growth and success. Fortunately, several financial institutions in Nigeria offer small business loans to support entrepreneurs...

Mobile app development is a growing industry in Nigeria, with many businesses looking for app developers to help them create custom applications. Starting a mobile app development business can be a profitable venture, as more businesses recognise the importance of...