Category: Business

—

by

After talks at Government House, traders back upgrade plan aimed at order, safety and global standards Anambra State Government has reached a deal with traders to kick off a phased remodelling of the Onitsha Main Market, paving the way for better infrastructure, order and sustainability. Governor Chukwuma Soludo announced the agreement after a dialogue with…

NAIRA ENDS WEEK STRONGER, GAINS AGAINST DOLLAR

—

by

in Business, International, News

CBN reforms boost confidence as local currency posts steady week-long rally The naira wrapped up the week on a positive note, appreciating further against the U.S. dollar at the official market to close at ₦1,386.55/$1 on Friday. Data from the Central Bank of Nigeria (CBN) show the currency gained ₦10.43, a 0.7% improvement from Thursday’s…

NGX ENDS WEEK MIXED AS MARKET VALUE JUMPS ₦184BN

—

by

in Business, International, News

Fresh share listings lift capitalisation despite a slight dip in the index Trading on the Nigerian Exchange (NGX) closed on a mixed note on Friday, with market capitalisation climbing by ₦184 billion even as the benchmark index slipped slightly. Market value rose 0.17% to ₦106.15 trillion, boosted mainly by Presco’s additional 166.7 million shares and…

LIRS SHIFTS EMPLOYERS’ TAX FILING DEADLINE TO FEB. 7

—

by

More time for businesses as Lagos tax office grants one-week extension The Lagos State Internal Revenue Service (LIRS) has given employers a short breather, extending the deadline for filing annual tax returns from February 1 to February 7. LIRS Chairman, Dr Ayodele Subair, said the move is to help employers submit accurate and complete returns,…

LOW-INCOME INVESTORS URGED TO PICK SAFE, REGULATED OPTIONS

—

by

in Business, News

Experts say low-risk investments are key to protecting income amid Nigeria’s economic challenges Financial and economic specialists are urging Nigerians—especially low-income earners—to prioritise regulated, low-risk investments to safeguard their earnings during tough economic times. Prof. Wale Oni, an agricultural economist at the University of Ibadan, stressed that oversight by the Securities and Exchange Commission (SEC)…

ONICCIMA URGES SOLUDO TO DIALOGUE OVER ONITSHA MARKET CLOSURE

—

by

Chamber calls for balanced approach as market shutdown hits livelihoods. The Onitsha Chamber of Commerce, Industry, Mines and Agriculture (ONICCIMA) has appealed to Anambra Governor Chukwuma Soludo to use dialogue rather than prolonged closures in managing the Onitsha Main Market shutdown. In a statement, ONICCIMA President Chinedu Nwonu noted the economic toll of sit-at-home orders,…

FCT CONTRACTORS DEMAND PAYMENT OF N5.2BN DEBT FROM WIKE

—

by

Contractors warn of protests as unpaid bills strain families and livelihoods. Contractors working on FCTA projects have urged Minister Nyesom Wike to settle over N5.2 billion owed, saying delayed payments are causing severe hardships. Speaking at a news conference in Abuja, Adebola Benson, Chairman of Indigenous Contractors, said many members are struggling to provide for…

ANAMBRA POLICE PROMISE PEACE AND ORDER AMID ONITSHA MARKET CLOSURE

—

by

in Business, News, Security

Security beefed up as authorities enforce lawful directives in Onitsha. The Anambra Police Command has pledged to maintain public order and enforce lawful directives across the state, especially following Governor Soludo’s indefinite closure of Onitsha markets. Police spokesman SP Tochukwu Ikenga said CP Ikioye Orutugu visited Onitsha to oversee security deployments and reassure residents, traders,…

LAGOS PORTS BUZZ AS 8 CARGO SHIPS DOCK

—

by

From urea to sugar and base oil, Lagos ports are staying busy as fresh cargo sails in. At least eight cargo ships have arrived at Apapa, Tin-Can Island and Lekki ports in Lagos, ready to offload key commodities including bulk urea, sugar, gypsum, base oil and empty containers, according to the Nigerian Ports Authority (NPA).…

“WE WANT TO OPEN, BUT KEEP US SAFE” — ONITSHA TRADERS REACT TO MARKET SHUTDOWN

—

by