Following the recent rebound of the naira against the dollar, the price of a 50-kilogram bag of rice has dropped to an average of N67,000 in Lagos, Abuja, Ogun, and others, from about N90,000 in February 2024. In communities close to the borders, our correspondents gathered that the staple was selling at a much lower…
The site sits outside of Kenya’s capital and welcomes most of the city’s solid waste. Amid plastic, glass and other wastes, food can also be scavenged. Waste picker Anne Wangui earns about $3 a day. “We scavenge the food that comes here and sell it to pig farmers. Per day, I can make around Ksh…
Small and medium enterprises (SMEs) in the country have been advised to embark on brand repositioning to survive the current competitive environment. General Manager, Enterprise Marketing, MTN Nigeria, Charles Okonkwo, made this submission in his presentation titled: Positioning your brand for a success in a competitive market, delivered at the Ecobank MySME Growth Series webinar….
The Nigerian National Petroleum Company Limited and its Joint Venture partner, Newcross Exploration and Production Ltd., have successfully restarted operations at the Awoba Unit Field, which had been shut down since February 2022 due to evacuation issues and crude oil theft. A press statement on Tuesday by the Chief Corporate Communications Officer, Olufemi Soneye, noted…
The Institute of Chartered Accountants of Nigeria has called on the Central Bank of Nigeria to reconsider its exclusion of retained earnings as part of the capital base of banks. This was disclosed in its position paper on the new capital requirement for banks signed by its president, Innocent Okwousa, published in national dailies on…
The Managing Director of First Bank Nigeria Limited, Dr Adesola Adeduntan, has tendered his resignation. Adeduntan’s departure marks the end of his nine-year tenure, during which he supervised the bank’s operations and strategic direction for three terms. First Bank is poised to unveil Adeduntan’s successor, who will spearhead the bank’s expansion initiatives amidst fierce competition…
The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the price of its diesel further to say about N700 per litre. The National Vice President of IPMAN, Hammed Fashola, stated this on Wednesday while appreciating the Dangote refinery for reducing the price of diesel from over N1,200…
The Nigerian National Petroleum Company Limited and its joint venture partner in Oil Mining Lease 85, First Exploration and Petroleum Development Company Limited, have commenced oil production from the asset also known as Madu Field. Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected…
Access Holdings, the parent company of Nigeria’s largest bank, Access Bank, has said that it will be going fully digital for its N365bn rights issue. In a notice filed with the Nigerian Exchange Limited, the holding company said it was seeking to raise N365bn through a rights issue to fortify its capital base, support expansion…
