NIPCO Gas Limited Teams Up with Nigeria National Petroleum Company Limited to Extend AutoCNG Network Nationwide Nagendra Verma, Managing Director of NIPCO Gas, unveiled a strategic collaboration with Nigeria National Petroleum Company Limited to amplify the AutoCNG infrastructure across the country, offering motorists an alternative fuel option. Verma emphasized this development during a recent update…
Chicken Republic Expands Nationwide Presence with New MMIA Outlet In a bid to broaden its reach across the nation, Chicken Republic has inaugurated a fresh branch within the arrival concourse of the Murtala Muhammed International Airport (MMIA) in Lagos. According to a recent announcement, the company emphasized its commitment to delivering consistent quality offerings and…
The report states that the FX market opened with the Nigerian naira holding steady against the US dollar at 1,120 on the parallel market, with expectations of further appreciation this week. This marks a N5 appreciation compared to the previous Friday’s closing rate of N1,125 per dollar. The naira reached a four-month high of 1,142.38…
Nigeria’s Food Inflation Hits 40.01% in March 2024, Year-on-Year Increase of 15.56% Nigeria’s food inflation maintained its upward trajectory, surging to 40.01% in March 2024 compared to the same period last year, marking a significant rise from 24.45% in March 2023 and 37.90% in February 2024. The headline inflation rate also saw a notable increase…
Shipowners Explore Foreign Partnerships for Fleet Expansion April 15, 2024 In an effort to bolster ship acquisition within Nigeria, the Nigeria Indigenous Shipowners Association (NISA) has inked a memorandum of understanding with international counterparts to facilitate the procurement of new vessels. NISA President Sola Adewunmi revealed this during a discussion with The entrepreneurtv. on Sunday,…
Report: Urgent Call for Federal Mortgage Bank of Nigeria Recapitalization Operators within the construction sector have emphasized the critical need for the recapitalization of the Federal Mortgage Bank of Nigeria (FMBN). Toye Eniola, the Executive Secretary of the Association of Housing Corporations of Nigeria, highlighted in an exclusive interview with The Entrepreneur TV, the inevitability…
LSWRC Head Invited to Prestigious Global Water Summit in London Funke Adepoju, the Executive Secretary of the Lagos State Water Regulatory Commission, has received a special invitation to attend the esteemed Global Water Summit in London. In an official statement released on Sunday, the agency proudly announced, “The Lagos State Water Regulatory Commission is thrilled…
The electronic banking revenue of ten listed banks experienced a significant upswing of 38.9 percent last year, largely attributed to the Central Bank of Nigeria (CBN)’s cashless initiative. An analysis conducted by BusinessDay based on the latest financial statements of these banks revealed a total revenue surge from N309 billion in 2022 to N427 billion…
Royal Exchange Plc, a conglomerate specializing in life assurance, health insurance, and credit financing, fell short of achieving full subscription for its rights issue, concluding at 75.83 percent. The Nigerian Exchange Limited’s weekly report disclosed this development, noting the completion of Royal Exchange’s rights issue and its subsequent listing on the market. The report stated,…
In this interview, Segun Ajayi-Kadir, the Director-General of the Manufacturers Association of Nigeria (MAN), discusses the repercussions of unresolved dollar debts on manufacturing firms with Edidiong Ikpoto. Contrary to the Central Bank of Nigeria’s (CBN) assertion of clearing all valid outstanding forex backlog, MAN reported that many of its members still await unsettled dollar requests….
