37m SMEs on target as FG, Procter & Gamble sign MoU on academy

Over 37 million Small and Medium Enterprises (SMEs) in the country are on target for business support services as the Federal Government on Friday signed a Memorandum of Understanding (MoU) with Procter & Gamble to build a SME Academy. The MoU was signed in Abuja between the Federal Ministry of Industry, Trade and Investment. Click here for more.

Apapa Traffic: NPA Truck Transit Park Set For Take-Off

The Nigerian Ports Authority (NPA) on Tuesday said it was set for the take-off of transit trailer parks in Apapa expected to address years of gridlock in the area. The management said it was ready to commission the two transit parks at Lillypond and Tin can Island second gate In a statement by the general manager, Corporate Communications, Engr. Adams Jatto, and a copy made available. Click here for more.

Nigeria’s air passenger traffic up by 2% in Q1 2019, as Lagos tops

A total of 3.5 million passengers passed through Nigerian airports in the first quarter of 2019. This is revealed in the latest report released by the Federal Airport Authority of Nigeria (FAAN). According to FAAN, the figure represents an increase of 76,397 passengers and 2.23 percent growth compared to the 3.43 million passengers recorded in the first quarter of 2018 with 54,000 aircraft movements. Click here for more.

PenCom issues compliance certificates to 16,536 firms

About 16,536 private organisations got the National Pension Commission’s compliance certificate in the 2018 financial year. The commission disclosed this in its update on compliance of the Contributory Pension Scheme by the private sector employers. Click here for more.

Investors Lose N197.89bn WoW As NSEASI Dips By -1.78% To Close The Week Negative

Equities market closed Friday on a positive note, as NSEASI appreciated by 0.14% to close at 29,212.00 points as against 0.04% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -7.06%. Click here for more.

Turnover In I&E Falls By 39% To $4.6bn In April

The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market dropped by 39 percent, month-on-month, to $4.6 billion last month from $7.48 billion in March, 2019. Click here for more.

CBN Intervenes With $271.83m, CNY41.14m In Retail SMIS

The Central Bank of Nigeria (CBN), on Friday, May 3, 2019 made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $271.83million and CNY41.14million. Click here for more.

Banks Make N124bn From E-Transactions

Nigerian banks have continued to introduce digital products into the financial sector and their operations, organising hackathons in order to develop tech solution to address problems in the industry, sponsoring innovation competitions and introducing chatbot and Whatsapp banking to improve user experience. Click here for more.

N2b Stolen As Fraudsters Target Mobile Apps Users

Going by the record of the Central Bank of Nigeria (CBN), e-fraudsters have fleeced customers of self-initiated banking solutions, such as Mobile Apps and Unstructured Supplementary Service Data (USSD) of about N2.08 billion in the last one year.  Click here for more.

Small businesses still go global

Coca Cola is probably sold in every store in your neighbourhood; served at every party along with its counterparts, Fanta and Sprite. These drinks are preferably the go-to drink for most people on a good or bad day particularly Coke, its vibrant red logo recognized by 94 percent of the world’s population (according to Business Insider). Click here for more.

How start-ups can reduce rental expenses

Landlords invest in rental properties to make money. Their profit is determined by the rental income received minus your expenses. Reducing the expenses you have associated with the rented property is one way to increase your bottom line. Click here for more.