Apple sales dropped at the end of 2022 as shoppers squeezed by the rising cost of living cut back their purchases. Sales at the iPhone giant fell 5% in the three months to December compared with the same period in 2021, reports the BBC. It was the biggest decline since 2019 and worse […]
Global central banks need to make clear to financial markets the probable need for interest rates to remain higher for longer in order to bring inflation sustainably back down to target and avoid a rebound in price pressures, the International Monetary Fund (IMF) said yesterday. “Central banks should communicate the likely need to keep interest […]
As global shipyard market is predicted to contribute $50.3billion to economies in 2023, plans by Federal Government to earn N350billion ($500million) this year may not be realistic as modular floating dock acquired in June 2018 by Nigerian Maritime Administration and Safety Agency (NIMASA) has not commenced operation despite demand by ship owners. Currently, Nigeria has […]
With extreme weather condition and ferocity of rainfalls expected, starting from this month, the Lagos Chamber of Commerce and Industry (LCCI) has called on the federal and state governments to commence preventive measures against flooding in 2023. The Director-General of LCCI, Dr. Chinyere Almona, made this known in an interview with New Telegraph, that current […]
The Nigeria Customs Service (NCS), Tin Can Island Command, has commenced the pilot phase of tracking movement of containers and cargoes to bonded terminals or bonded warehouses meant to be implanted by Nigerian Shippers Council(NSC). Prior to this, the council had been mandated by the Federal Government to implement Cargo Tracking Notes (CTN) at the […]
Mr Ayodele Subair, Executive Chairman, Lagos State Internal Revenue Service (LIRS), has been conferred with the 2022 Public Sector Icon of the year at the 11th edition of the Vanguard Personality of the Year Award held in Lagos. The glamorous ceremony chaired by Mrs Ajoritsedere Awosika, Chairman of Access Bank, is an annual event where […]
In a bid to fast track action plan towards achieving food security in the country, the Lake Chad Research Institute (LCRI) said it had initiated a special millet production projects. It stated that several high yields millet varieties were recently released by the Institute to meet both farmers and other value chains stakeholders demands. The […]
managing Director/ Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has been presented the award of the Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards. According to a statement, the event, organized by Leadership Media Group, publishers of Leadership newspapers, was chaired by the Vice President, Prof Yemi Osinbajo, […]
Nigerian equities extended the bullish run as the Nigerian Exchange Limited (NGX) benchmark index gained 0.93 per cent to settle at 53,998.12 points, the highest point since May 27. Gains in MTNN (+3.78%) and SEPLAT (+9.50%) kept the market in the positive territory, offsetting losses in ZENITHBANK (-1.57%) and ACCESSCORP (-0.55%). The gain puts the […]
Nigerian Exchange Limited (NGX) and MTN Nigeria Communications Plc have both reiterated their commitment to closing the financial literacy gap in Nigeria. This comes on the back of a Memorandum of Understanding signed between both companies in 2022 that has led to the birth of several initiatives contributing to closing the financial inclusion gap in […]