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JenneteUgo Anya
- October 21, 2024
FG Secures $119m Investment For Tech Hubs, MSMEs
The federal government has secured approximately $119 million in investments aimed at developing tech hubs and supporting micro, small, and medium enterprises (MSMEs). This major development was recently disclosed by Mr. Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications. This investment is the outcome of Vice President Kashim Shettima’s recent engagement […]
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- October 21, 2024
Zenith Bank Assigns Abiodun Durosinmi As New CFO
Zenith Bank Plc, one of Nigeria’s largest and most reputable financial institutions, has officially appointed Mr. Abiodun Durosinmi as its new Chief Financial Officer (CFO), effective since October 14, 2024. This appointment comes after the recent approval from the Central Bank of Nigeria (CBN), further strengthening the bank’s leadership team. Mr. Durosinmi succeeds Mr. Mukhtar […]
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- October 18, 2024
Three Entrepreneurs Win ₦10m In SMEDAN Pitch Competition
Three entrepreneurs have emerged victorious in the SMEDAN Pitch Competition, sharing a prize pool of ₦10 million. During the recent MSME Conference 2024, a major platform for innovation and entrepreneurship in Nigeria, over 3,000 applicants showcased ideas aimed at addressing challenges faced by micro, small and medium-sized enterprises (MSMEs) in the country. The competition, more […]
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- October 18, 2024
NIPR Inaugurates National Reputation Group To Propel Nigeria’s Global Image
The Nigerian Institute of Public Relations (NIPR), in collaboration with its partners, has launched the Nigeria Reputation Management Group (NRMG). This move aimed at promoting the country’s positive image and reshaping global perceptions of Nigeria. This recent initiative was unveiled in Abuja, with key government figures urging Nigerians to actively contribute to improving the nation’s […]
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- October 18, 2024
Shell Faces Regulatory Snag As FG Blocks $1.3bn Oil Asset Sale
In a significant development that could reshape investment dynamics in Nigeria’s oil and gas sector, the federal government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to the Renaissance Group. While this decision might seem like a routine regulatory intervention, it carries profound implications […]
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- October 17, 2024
BoI Disburses N75bn To Boost Small-Scale Industrial Growth In Nigeria
The Bank of Industry (BoI) has disbursed N75 billion to support vulnerable members of the Nigerian Association of Small-Scale Industrialists (NASSI), in a bid to stimulate growth and productivity among small-scale enterprises. The fund disbursement was formalised through a Memorandum of Understanding (MoU) signed recently at BoI’s head office in Abuja. This development comes on […]
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- October 17, 2024
SEC To Relax Crowdfunding Rules, To Ease Access To Capital For MSMEs
The Securities and Exchange Commission (SEC) has revealed plans to ease regulations on crowdfunding to improve small businesses’ ability to access much-needed capital. This recent move, aimed at fostering greater financial inclusion for startups and smaller firms, comes as Nigeria grapples with a challenging economic environment marked by high interest rates. Director- General (DG) of […]
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- October 16, 2024
SEC, NGX Empower Retail Investors Through Financial Education Initiatives
In an era where retail investors are playing an increasingly crucial role in shaping the Nigerian economy, the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group (NGX) have reinforced their commitment to financial education. This collaboration seeks to bridge the knowledge gap for retail investors, empowering them to confidently sail across Nigeria’s evolving […]
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- October 16, 2024
How Nigerian Brands Are Leading The Charge In ESG Initiatives
Environmental, Social and Governance (ESG) initiatives have become a significant focus for businesses worldwide. Companies are increasingly expected to not only generate profits but also contribute positively to the environment and society while upholding strong governance principles. In Nigeria, brands are beginning to recognise the value of ESG as more stakeholders—consumers, investors, and regulators—demand greater […]
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- October 15, 2024
Transcorp Power Plc Announces A Robust Q3 2024 Performance With 153% Revenue Growth, 198% Profit Surge
Transcorp Power Plc, a leading subsidiary of Transcorp Group, has announced exceptional financial results for the third quarter ending September 30, 2024, reflecting remarkable growth across key metrics. The company’s unaudited financials filed with the Nigerian Exchange (NGX) highlight a significant increase in both revenue and profitability, demonstrating strong operational efficiency and strategic focus. For […]
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