October 24, 2025
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Home Business Archive by category Money (Page 2)

Money

CBN, FirstHoldCo
Money

CBN’s N100,000 withdrawal limit sparks concern among POS operators

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The Central Bank of Nigeria’s (CBN) recent directive imposing a N100,000 daily withdrawal limit for individuals has elicited strong reactions from Point-of-Sale (POS) operators nationwide. While the policy aims to drive a cashless economy and combat illicit financial activities, many operators view it as a threat to their businesses, especially during the bustling Yuletide
tariff telecom
Money

35% of 5G users ready willing to pay more for premium connectivity services—Report

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A new report from global technology leader, Ericsson, highlighted that 35 per cent of 5G users are willing to pay for premium services that exceed standard 5G offerings, driven largely by the demand for seamless performance in high-traffic areas and GenAI applications. Ericsson’s findings revealed that consumer expectations are shifting; 5G users are not only […]
CPPE
Money

CPPE raises concern over regulatory overreach affecting business owners’ investment

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BY MOTOLANI OSENI The Centre for the Promotion of Private Enterprise (CPPE) said, it is worried about the growing incidents of regulatory irritations, distractions, and frustrations inflicted on the Nigerian manufacturing sector and other investors in the Nigerian economy. The director/CEO of CPPE, Dr. Muda Yusuf stated that, there are disturbing tendencies of overbearing
Money

BoI launches palliative food programme

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By Motolani Oseni To cushion the effect of challenges currently faced by Nigerians, the Federal Ministry of Industry, Trade and Investment has unveiled the Bank of Industry’s (BoI’s) palliative food programme. The Honourable Minister, Dr Doris Nkiruka Uzoka-Anite, at the launch of the programme at BoI’s head office in Lagos, said the move is coming […]
market
Money

Equities market edges higher, gains N1.62trn

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By Motolani Oseni The equities market of the Nigerian Exchange Limited on Wednesday edged higher as the market capitalization gained N1.62trillion to close at N55.58trillion. At the close trading activities yesterday, the Lagos bourse benchmark index ended 3.00 per cent stronger to settle at 101,517.11 points. This was due to continued buy interests in industrial […]
TotalEnergies
Money Money

TotalEnergies commits to methane emissions reduction in Nigeria

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By Motolani Oseni Chairman and CEO of TotalEnergies, Patrick Pouyanné, has reaffirmed the company’s long-term commitment to Nigeria and supports the country in reducing methane emissions. Pouyanné stated this at the meeting with President Bola Tinubu, President in Abuja. The Company said over the past decade, it has been the largest private energy investor in […]
InfraCredit
Money

InfraCredit admits AIICO Insurance as 2nd domestic institutional investor

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By Motolani Oseni A specialised infrastructure credit guarantee institution, InfraCredit said, it has admitted equity investment of AIICO Insurance Plc, representing five percent of total share capital of InfraCredit and joining Leadway Assurance Plc as the second private domestic institutional investor. Further to this new equity investment, InfraCredit’s paid-in capital
NGX, ASI
Money

NGX benchmark index relapses as market cap sheds N5.17bn

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By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) at the end of mid week trading activities relapsed as market capitalisation declined by N5.17billion. Specifically, the domestic bourse slipped as the benchmark index closed 0.01 per cent weaker to settle at 63,757.23 points, while market capitalisation shed N5.17bn to close at N34.72trillion.