Investment in palm oil is becoming increasingly inevitable amid prevailing economic challenges, as the product remains a daily household necessity across the country. The increasing number of hotels, eateries, and other hospitality businesses expanding across cities and rural communities has ...
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FG Reduces Oil Block Entry Costs To $3m
As the 2025 licensing round gets underway, the Federal Government has reduced the signature bonus from $10m to $3m and $7m. The Nigerian Upstream Petroleum Regulatory Commission disclosed this in an update on its website. According to the commission, this ...
Read More »PoS Takeover: FG Ends Cash Payments In MDAs
The Federal Government has outlawed the use of physical cash for the payment of revenue and directed Ministries, Departments, and Agencies to install Point of Sale terminals within 45 days. The directive formed part of four Treasury circulars issued by ...
Read More »Faces Of Those Who Made Champions At Itu Arise Quiz competition (Part One)
By Saviour Ekpe, Ph.D It is no more news that West Itam Secondary School, Ekit Itam emerged winners and smiled home with a gigantic trophy, medals, iPad, educational materials and a cash reward of N1,000,000 (one million naira) for clinching ...
Read More »Sterling Bank Rallies Africa To Reclaim Food Future
Sterling Bank Limited, a leading advocate for agricultural finance in Nigeria, has called on African nations to forge stronger partnerships, deploy catalytic financing, and ensure the practical implementation of policies to accelerate the continent’s agricultural transformation and achieve food security. ...
Read More »Equities Market Opens Week In Red By N1.17trn Loss
The Nigerian equities market yesterday commenced the week on a downward trajectory, with a decline of N1.172 trillion. The All Share Index (ASI) lost by 1,853.82 points, representing a loss of 1.26 per cent to close at 145,159.77 points. Also, ...
Read More »‘Merchants, SMEs Can Use Multiple Point-of-sale Terminals’
The recent 2025 Agent Banking Guidelines, which limit Point Of Sale (PoS) agents to operating with one principal bank or fintech, do not affect businesses and merchants using PoS terminals for financial transactions, the Central Bank of Nigeria (CBN) has ...
Read More »Continental Free Trade Area: Nigeria Rolls Out Preferential Tariffs
…Opens East African air cargo corridor The Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, has disclosed that Nigeria has begun implementing preferential tariffs for African-made goods and opened a dedicated air cargo export corridor to East Africa as ...
Read More »Itu Chairman Flags Off A-4-Week Skills Acquisition Program In ITU LGA
…promises council support towards youth empowerment and capacity building initiative On Monday 10th November 2025, the Executive Chairman of ITU LGA, Akparawa (Hon) Ubong Wilson Nkutt flagged off A 4 Week Skills Acquisition and Entrepreneurial Program in ITU LGA. Represented ...
Read More »Vitafoam’s Pre-tax Profit Surges 1,751% On Operational Cost Reduction
Vitafoam Nigeria Plc has reported a profit before tax growth of 1,751 per cent in its unaudited financial results for the 12 months ended September 30, 2025. The unaudited results filed with the Nigerian Exchange Limited (NGX) showed that Vitafoam’s ...
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