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The Nigerian Exchange Ltd. (NGX) rebounded on Tuesday, reversing two days of bearish trends, with a gain of N315 billion. The NGX market capitalisation rose by N315 billion representing 0.46 per cent, closing at N68.357 trillion, up from N68.042 trillion on Monday. Similarly, the All-Share Index (ASI) increased by 501.14 points or 0.46per cent, closing
The new ticketing system newly introduced in Lagos ports is kicking dust in eastern ports, should it be introduced. Stakeholders said in Port Harcourt it has already hiked tickets in Lagos to over N400,000 and may o same in eastern ports. It is called ‘E-Call Up’ Details: The coalition of stakeholders and licensed Customs agents
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it created more than 90,160 jobs and empowered 116,661 entrepreneurs across the country in the first quarter (Q1) of 2025. Mr Charles Odii, Director-General of SMEDAN, made this known in a statement on Tuesday in Abuja, noting that the figures were contained in the
A one-day workshop has been held in Port Harcourt to review studies on mitigations to harms done to agric investments. Details:Search has begun on how to mitigate the many impacts of kidnapping and herder-farmer clashes which are said to be prominent causes of conflicts in the communities in the oil region. The conflicts are said
The Nigeria Liquefied Natural Gas (NLNG) has officially launched a new skill acquisition initiative called the Vocational, Innovation, Business and Enterprise Scheme (VIBES), aimed at promoting entrepreneurship and empowering youth within NLNG’s host communities. During the launch event, NLNG’s External Relations and Sustainable Development Manager, Dr. Sophia Horsfall, addressed attendees, highlighting that the program is
The Corporate Affairs Commission (CAC) has issued a six-week notice to all unregistered businesses, urging them to complete their registration with the Commission. In an official statement, the CAC warned that failure to comply with this directive could result in prosecution or a prison sentence. The Commission emphasized that engaging in business in Nigeria as
The total number of local and foreign companies exempted from remitting tax revenue to government coffers increased to 105 as of December 2024, The PUNCH reports. Dangote Fertilisers, Mikano International Limited, and 103 others are included in this list. This came amid uncertainties over the programme’s effectiveness and the government’s announced plan to discontinue the
Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered 54 banks to immediately return a total of N9,329,322,870 fraudulently transferred by hackers from an unnamed old generation bank. The judgment, delivered on April 15, 2025, follows an ex parte motion filed in suit number FHC/L/CS/629/2025. The court directed the financial institutions to
President of Port Harcourt Chamber of Commerce, Dr. Chinyere Nwoga, has tasked journalists in Rivers State to sustain efforts geared towards projecting the state in a positive light via shifting the narrative in the state from perception to reality, even as she noted that journalists play a huge role in attracting or discouraging investors and
The Enugu State Government and the Lion Business Park Limited have signed a Memorandum of Understanding to build a world-class industrial and commercial hub within the Enugu Industrial Park Free Trade Zone. In a speech at the brief event at the Government House, Enugu on Tuesday, Gov. Peter Mbah said the project would leverage the
