Business News

African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth.

President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has called for increased capacity building to enhance tax administration processes among members of the global body.

The recently held 13th Convocation Ceremony of the National Open University of Nigeria (NOUN) may have come and gone, its memories will linger for a long time to come.

The Nigeria Economic Summit Group (NESG) said the Lagos Free Zone (LFZ) has the potential to contribute significantly to the country's gross domestic product (GDP) if fully harnessed.

Stakeholders at the 2024 yearly lecture of the Chartered Institute of Bankers of Nigeria (CIBN) have called for the adoption of appropriate credit culture to pave the way for an enhanced loan securitisation process and availability of credit to the real sector.

Stakeholders have highlighted significant failure in the implementation of the Sustainable Development Goals (SDG) relating to transport in Nigeria, expressing deep concern over the country's lag in creating effective transport policies that align with SDG 11.2 which aims for safe, affordable and sustainable transport systems by 2030.

With the announcement by MTN Group of the appointment of M&C Saatchi Africa as its marketing communications partner across all MTN Group, M&C Saatchi's Nigerian affiliate, SO&U Group, will be responsible for the business in Nigeria.

Mastercard and the Committee of E-Banking Industry Heads for Nigeria (CeBIH) have joined forces to tackle the activities of cyber criminals in the country.

United Capital Plc has assured shareholders that the firm would deploy robust digital technology to further unlock opportunities and stay ahead of trends in the industry.

The Chartered Institute of Taxation of Nigeria (CITN) has warned political leaders against abuse of taxpayers' money, stating that collecting tax revenue from taxpayers without using it judiciously weakens the country's taxation system.

Oil-producing communities in Niger Delta have called for transparency and accountability in the ongoing divestment of oil and gas assets in the region.

The Presidential Enabling Business Environment Council (PEBEC) in its 2023 Business Facilitation Act (BFA) has adjudged the Nigerian Content Development and Monitoring Board (NCDMB) and the Standards Organisation of Nigeria (SON) as best in business facilitation, with 29 agencies scoring below 50 per cent.

Daniel Oyeduntan, a seasoned professional with about a decade of experience in data science and machine learning, is capturing the attention of the technology industry across EMEA.

With a focus on maximizing production from the hydrocarbon assets to enhance revenues and meet production quota, the Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner in the Awoba Unit Field, Newcross Exploration and Production Limited, have resumed production from the field with an initial average production of 8,000 barrels per day (bpd)

The Nasarawa State government said it is leveraging industrial, agricultural and mining potential for inclusive and sustainable wealth creation in a bid to drive its industrialisation agenda and position the state as an economic hub.