Business

ECONOMY: Sterling Bank promotes SMEs    Sterling Bank has expressed commitment to supporting Small and Medium Scale Enterprises, SMEs in order to enable young people to grow their businesses. Speaking at an event, ‘Start to Scale Summit’ organised by the Bank, Bolanle Tyson, Head, SME Digital Products, Sterling Bank said: “The Bank realised that more […]

FG moves against trade associations over price fixing, others The Federal Competition and Consumer Protection Commission, FCCPC, has started moving against trade associations engaging in price fixing and cartel-like practices in Nigeria. The Executive Vice Chairman/CEO, FCCPC, Mr. Babatunde Irukera, stated: “The trade associations, in many respects, have constituted themselves into cartels, and those cartels are

NIGERIA: IMF retains economic growth forecast at 3.2% The International Monetary Fund, IMF has retained Nigeria’s economic growth forecast at 3.2 per cent in 2023. In its World Economic Outlook, WEO Update, July, titled “Near-Term Resilience, Persistent Challenges”, the IMF, stated: “Global growth is projected to fall from 3.5 percent in 2022 to 3.0 percent in

Lamido of Adamawa Commends NCC’s Consumer Protection Initiatives The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended the Nigerian Communications Commission (NCC) on a range of its telecom consumer protection initiatives, including the recent Village Square Dialogue (VSD), which held at the weekend in Yola, Adamawa State. Kakakin Adamawa, Prof. Abubakar Tahir, who represented Lamido Adamawa at

ELECTRICITY: NERC issues new Order seeking financial control of govt-owned TCN By Eyo Nsima The Nigerian Electricity Regulatory Commission, NERC, has issued a new Order, targeted at financial control of the Transmission Company, TCN. In a directive – Order on the Mandatory Filling of Annual OPEX, Capital Investments Plans and Outcomes of Procurements Conducted by

Sahara Group Delivers spectacular Saharalympics, signs Dan ‘The Bull’ Amokachi   Leading energy and infrastructure conglomerate, Sahara Group, hosted an electrifying 5th edition of the Saharalympics Games which featured an awe-inspiring display of talent, teamwork, and camaraderie among Sahara employees from Africa, Asia, Europe, and the Middle East. The Saharalympics is Sahara’s biennial sporting event

COLLABORATION: CBN, CBE sign MoU on Nigeria-Egypt FinTech Bridge By Eyo Nsima   The Central Bank of Nigeria, CBN and the Central Bank of Egypt, CBE, have signed a Memorandum of Understanding, MoU, targeted at establishing a Nigeria-Egypt FinTech Bridge. The MoU was signed during the just-concluded Seamless North Africa 2023 conference, which took place

How Governor Adeleke commended First Bank for reopening Ede Branch By Eyo Nsima Osun State Governor, Ademola Adeleke, has commended the management of First Bank for rebuilding and reopening its branch in Ede, Osun state. Speaking at the inauguration of the strategically located branch Friday, he said: “The conditions responsible for the closing of Banks’

President Bola Tinubu on Sunday in Nairobi, Kenya reaffirmed Africa’s unity and strength, while strongly rejecting the notion of a new scramble for Africa. The President warned that past plundering and exploitation of the continent should remain in the past and never be repeated. Speaking at the Fifth Mid-Year Coordination Meeting (5thMYCM) of the African