Business
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The Nigerian Exchange Limited (NGX) has imposed fines totaling N32.74 million on eight listed companies due to their failure to submit their unaudited financial statements by the regulatory deadline. These sanctions were enacted in 2023 after an investigation by Nairametrics revealed that these companies had not met the regulatory requirements during the first quarter of […]
Aviation workers in Nigeria, represented by the National Union of Air Transport Employees (NUATE), have announced the suspension of their planned strike set to commence on August 16. This decision was conveyed in a statement released by Mr. Ocheme Oba, the General Secretary of NUATE, on Wednesday in Lagos. The strike was averted after regulatory […]
Vice President Kashim Shettima, has commended Google’s N1.2 billion grant initiative for the President Tinubu administration’s one million jobs initiative. Mr Shettima made the commendation when he received in the audience some executives of Google, a leading global technology company, at the Presidential Villa, on Tuesday in Abuja. According to him, the announcement of a […]
Plans are not underway by the President Bola Tinubu-led government to reintroduce fuel subsidy, Senior Special Assistant to the President on Media and Publicity, Tope Ajayi, has said. Ajayi said this while reacting to a report that the president was considering temporary subsidy on petrol as a result of rising crude oil prices and foreign […]
Siemens, the German engineering company, has announced an extension of the anticipated completion date for the comprehensive revitalization of Nigeria’s power infrastructure. Originally projected for completion in 2025, this transformative initiative will now be extended to the year 2030. The project which is part of the Presidential Power Initiative (PPI), is a power upgrade and […]
Rising from an emergency meeting of the Board of Directors on Tuesday July 25, Nigerian Exchange Group Plc (NGX Group) announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the first half (H1) of financial year 2023. This dividend, which is the first since the demutualisation […]
The Trade Union Congress of Nigeria, TUC, yesterday, gave the Federal Government a two-week ultimatum to conclude negotiations or face workers’ protest. The union’s president, Festus Osifoh, gave the ultimatum at a state of the nation press briefing in Abuja on Monday. Osifo said if no tangible policy measure to cushion the economic challenges brought […]
The Nigerian National Petroleum Company (NNPC) Limited said it has remitted N123 billion to the federation account for the month of June 2023. This is the first time in 18 months that the NNPC is remitting revenue to the federation account. This is as the Federation Allocation Account Committee (FAAC) said it distributed a total […]
In 2022, Nigeria maintained its status as the largest economy on the African continent for the fifth year running, boasting a nominal GDP of $477.4 billion. Often referred to as the “Giant of Africa,” Nigeria accounted for a substantial 17.4% of the continent’s economy, which reached $2.7 trillion in the same period. Data released by […]
Some traders and their customers on Wednesday, escaped death by a whisker at Ekeoha shopping centre in Aba, Abia State when some shops in a section of the market collapsed. According to DAILY POST, the incident happened in the morning when buying and selling were in top gear. Though no life was lost, goods worth […]
