Palmpay boosts contactless payment
A fintech company, PalmPay, has expressed its commitment to driving adoption of a contactless payment system in Nigeria.
The Country Manager of PalmPay, Fey Wong, said this while discussing the theme, ‘The next frontier: Digital...
Alakija’s NGO offers N3m grant to female entrepreneurs
Flourish Africa, a non-governmental organisation founded by businesswoman, Folorunso Alakija, has increased its seed grants to female-owned businesses from N2m to N3m.
In a statement issued by the NGO, the grants are being given through...
States, LG to get N14tn FAAC allocation
Federal allocation to states and local government areas may increase by 109.74 per cent to N14.04tn in 2024.
This is according to the Federal Government’s revenue projections in its Revised 2024 – 2026 Medium-Term Fiscal...
Marketers lament as inflation, forex shoot up operating costs
Accelerating inflation and the foreign exchange shortage in the country have been having adverse impacts on the businesses of oil marketers, OPEOLUWANI AKINTAYO writes
The country’s high inflation trend and scarcity of foreign exchange are...
Africa’s annual loss to carbon tax may hit $25bn – AfDB
African Development Bank Group President, Dr Akinwumi Adesina, has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialisation progress by penalising value-added exports including steel, cement, iron, aluminium...
Forex inflow hits $11bn in two months – CBN
Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria revealed.
According to figures obtained from the CBN’s August economic report on foreign exchange flows through...
P&G to shut Nigerian manufacturing plants, eyes import
American multinational consumer goods company, Procter & Gamble, announced plans to terminate its on-ground operations in Nigeria, transforming the country into an import-focused market.
This information was obtained from the company’s 39-minute webcast posted on...
FG loses $161m to nine-year conflict with INTELS – NPA
The withdrawal of the management of pilotage from Integrated Logistics Services Nigeria Limited has cost the Federal Government $161m, Nigerian Ports Authority has disclosed.
The NPA, in a statement on Sunday, said that the monies...
FG raises exchange rate for cargo clearance to N951/$
The Federal Government through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N783/$ to N952/$.
This is coming barely three weeks after the rate was increased from N757/$ to...
Customs make highest revenue from S’West – Reps
The House of Representatives Committee on Customs and Excuse says the Nigeria Customs Service generates most of its revenue from the South-West.
The chairman of the committee, Leke Abejide, asserted on Wednesday at the inauguration...
