Business Archives - Page 2 of 556

Business

Nigerian Bank employees earn far less than African peers, AMCON levies blamed

DailyTimesNGR DailyTimesNGR 14 June 2025 0

Employees of commercial banks in Nigeria are earning significantly lower salaries than their counterparts across Africa, according to a new report by London-based equity research firm Emerging & Frontiers Capital (EFC). The report reveals that Nigerian banks have seen a sharp decline in

Business

SEC warns Nigerians against investing in unauthorised Punisher Coin, $PUN

DailyTimesNGR DailyTimesNGR 11 June 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has warned Nigerians against investing in Punisher Coin, also known as $PUN, describing it as an unregistered and highly risky digital asset designed to lure unsuspecting investors into a potential pump-and-dump scheme. In a public notice issued by the Commission, the SEC raised alarm over ongoing […]

Business

Business sentiment soars as Naira strengthens, confidence index to double

DailyTimesNGR DailyTimesNGR 11 June 2025 0

BY MOTOLANI OSENI Nigerian businesses are expressing renewed confidence in the country’s economic trajectory, with fresh data pointing to a significant upswing in sentiment and expectations for a stronger Naira in the months ahead. The latest survey findings indicate that optimism among business operators is broad-based and deepening, as projections suggest a sharp rise in

Business

MTN awards $3,000 to Nigerian innovator tackling waste crisis

DailyTimesNGR DailyTimesNGR 11 June 2025 0

BY MOTOLANI OSENI As Nigeria grapples with rising waste and unemployment, MTN has awarded $3,000 to a young Nigerian innovator, Olabisi Rafatu Emmanuel, for her eco-friendly menstrual product solution that converts waste into reusable materials. The recognition came as she emerged runner-up in the 2024 Africa PatchiPanda Challenge, a continent-wide initiative by MTN to

Business

Naira firms below N1,600/$ as business sentiment lifts currency outlook

DailyTimesNGR DailyTimesNGR 11 June 2025 0

BY TEMITOPE ADEBAYO The Naira held steady below the N1,600/$ threshold during the just-concluded holidays, trading between N1,587 and N1,590 per dollar in the parallel market early Tuesday, as transaction volumes remained muted across Nigeria’s commercial capital. Despite the lull, fresh indicators from the Central Bank of Nigeria (CBN) show renewed optimism across key

Economy

Court remands Afriq Arbitrage CEO over $854K, N590m investment fraud

DailyTimesNGR DailyTimesNGR 11 June 2025 0

A Federal High Court in Abuja has ordered the remand of the Chief Executive Officer of Afriq Arbitrage System (AAS), Jesam Michael at the Kuje Correctional Centre over allegations of large-scale investment fraud involving $844,416.36, $10,000, and N590 million. The charges were brought by the Economic and Financial Crimes Commission (EFCC), which accused Michael of […]

Economy

Global report advocates evidence-based approach to tobacco control

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY MOTOLANI OSENI A report on Tobacco Harm Reduction (THR) by Global Health Focus, an NGO said, and focuses on health consciousness has called on Nigeria to adopt a more evidence-based approach to tobacco control. The report titled, ‘Lives Saved Report: Nigeria & Kenya’ suggested that countries implementing harm reduction strategies, providing smokers with

Economy

PETROAN endorses Petroleumprice.ng to drive efficiency in downstream sector

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY TEMITOPE ADEBAYO The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has endorsed Petroleumprice.ng as the definitive platform for petroleum pricing, market intelligence, and digital marketplace services in the country’s downstream oil and gas sector. This endorsement follows a detailed evaluation of the platform’s capabilities in enhancing

Economy

Dangote Refinery drives U.S. oil demand as global crude prices rise

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY MOTOLANI OSENI Nigeria’s Dangote Oil Refinery is significantly boosting demand for U.S. West Texas Intermediate (WTI) crude, reinforcing economic ties between the two nations as global oil prices recorded their first weekly gain since mid-May. The refinery, which has an installed capacity of 650,000 barrels per day, is now purchasing a third of its […]

Economy

Heirs Technologies trains 100 young Africans in cloud, cybersecurity

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY TEMITOPE ADEBAYO Heirs Technologies has equipped 100 African tech professionals with the skills needed to thrive in the rapidly evolving technology landscape. The company is executing this vision through its dedicated training academy, i-Academy, an in-house talent development platform designed to skill and certify young African professionals. As part of the academy’s

Economy

Ebenezer Obey, KWAM 1 thrill Ijebu audience at Globacom’s Cultural Night

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY MOTOLANI OSENI The 2025 Ojude Oba festival commenced with a spectacular cultural night tagged “Evening with Glo,” organised by telecommunications giant Globacom and headlined by Juju legend Evangelist Ebenezer Obey Fabiyi and Fuji icon Wasiu Ayinde Marshall, popularly known as KWAM 1. Held on Friday evening in Ijebu Ode, the event marked Globacom’s 20th […]

Business

Mouka to build thriving business community, rewards top partners with luxury trips

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY TEMITOPE ADEBAYO Mouka Limited has reaffirmed its commitment to building a robust network of successful business owners by rewarding top trade partners with luxury trips as part of its 2025 World of Comfort Business Partner Reward programme. The initiative is part of Mouka’s broader mission to create wealth and reduce poverty through entrepreneurial empowerment. […]

Business

Investors gain N3.69trn as NGX ASI jumps 5.13%

DailyTimesNGR DailyTimesNGR 9 June 2025 0

BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) All-Share Index surged by 5.13 per cent in the holiday-shortened trading week, resulting in a N3.69 trillion gain in investor wealth. The uptrend was fuelled by bargain-hunting across major sectors, including Consumer Goods, which rose by 6.20 per cent; Banking, up 5.38 per cent; and Insurance, which advanced […]