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Category: Business News

Fitch Ratings Envisages Potential Upgrade for ENG’s National Ratings Amid Improved Creditworthiness
Business News

Fitch Ratings Envisages Potential Upgrade for ENG’s National Ratings Amid Improved Creditworthiness

Web AdminJuly 6, 2023July 6, 2023
Fitch Ratings, the international rating agency, has indicated the potential for an upgrade of ENG's National Ratings as it observes an improvement in the company's creditworthiness relative to other Nigerian...
Mobile Industry Sees Decline in Subscriptions, MTN’s Database Shrinks by 3 Million
Business News

Mobile Industry Sees Decline in Subscriptions, MTN’s Database Shrinks by 3 Million

Web AdminJuly 6, 2023July 6, 2023
Nigeria's leading mobile operator, MTN, experienced a significant decline in its subscriber base, resulting in a 3 million decrease in the total industry database. This brought MTN's active subscriptions down...
Trend Micro Maintains Market Dominance in Cloud Workload Security
Business News

Trend Micro Maintains Market Dominance in Cloud Workload Security

Web AdminJuly 4, 2023July 4, 2023
According to the IDC Worldwide Cloud Workload Security Market Shares report for 2022, Trend Micro Incorporated, a leading global cybersecurity provider, continues to maintain its significant lead as the largest...
Companies Face Mounting Pressure to Prioritize Sustainability and ESG Practices
Business News

Companies Face Mounting Pressure to Prioritize Sustainability and ESG Practices

Web AdminJuly 4, 2023July 4, 2023
Businesses worldwide are experiencing mounting pressure to expedite their progress toward sustainability targets by prioritizing a comprehensive range of Environment, Social, and Governance (ESG) capabilities within their operations. Ola Williams,...
Nigerian Government Introduces VAT Direct Initiative to Collect Taxes from Informal Sector
Business News

Nigerian Government Introduces VAT Direct Initiative to Collect Taxes from Informal Sector

Web AdminJuly 4, 2023July 4, 2023
The Federal Inland Revenue Service (FIRS), on behalf of the Nigerian government, has unveiled the VAT Direct Initiative, a program aimed at streamlining tax collection in the informal sector and...
Zenith Bank Maintains Top Position in Nigeria’s Banking Sector for the Fourteenth Consecutive Year
Business News

Zenith Bank Maintains Top Position in Nigeria’s Banking Sector for the Fourteenth Consecutive Year

Web AdminJuly 3, 2023July 3, 2023
In a recent announcement, Zenith Bank Plc has once again secured the prestigious title of Nigeria's number one bank in terms of Tier-1 Capital. The 2023 Top 1000 World Banks'...
President Tinubu Invites Investors, Assures Nigeria’s Readiness for Business
Business News

President Tinubu Invites Investors, Assures Nigeria’s Readiness for Business

Web AdminJuly 3, 2023July 3, 2023
President Bola Ahmed Tinubu, during his visit to Paris, France, expressed confidence in Nigeria's readiness for business and extended a warm welcome to potential investors. The president made these remarks...
Nigerian Naira-Dollar Exchange Rate Fluctuates as I&E Window Closes at N769.25/$1
Business News

Nigerian Naira-Dollar Exchange Rate Fluctuates as I&E Window Closes at N769.25/$1

Web AdminJuly 1, 2023July 1, 2023
Date: June 30, 2023- The latest exchange rate for the Nigerian naira against the US dollar in the Investors and Exporters (I&E) Window revealed a closure rate of N769.25 per...
Telecom Companies in Nigeria Directed to Disable Inactive Phone Numbers for Revenue Purposes, Says NCC
Business News

Telecom Companies in Nigeria Directed to Disable Inactive Phone Numbers for Revenue Purposes, Says NCC

Web AdminJuly 1, 2023July 1, 2023
The Nigeria Communication Commission (NCC) has issued a directive to telecommunications companies in Nigeria, instructing them to deactivate phone lines that have remained unused for a continuous period of six...
First Bank of Nigeria Launches Groundbreaking Humanoid Robot
Business News

First Bank of Nigeria Launches Groundbreaking Humanoid Robot

Web AdminJuly 1, 2023July 1, 2023
In a bid to revolutionize the Nigerian banking sector and provide innovative financial solutions, First Bank of Nigeria Limited, the country's premier financial institution and a leading provider of financial...

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Fidelity Bank Empowers Osun Residents Through Grassroots Support Initiative

Investor Appetite Soars as CBN Treasury Bills Auction Pulls in ₦1.17 Trillion in Bids

Nigeria Targets Mining and Automotive Sectors to Drive New Industrial Era

Aliko Dangote Honoured Globally as TIME Names Him Among Top 100 Philanthropists

New Player Enters Nigeria’s Broadcast Market as Luft Pay TV Launches in Lagos

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The Miseducation of the Nigerian Child

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