BBNewsTV

LCCI LAMENTS NEGATIVE IMPACT OF NAIRA REDESIGN ON BUSINESS

The Lagos Chamber of Commerce & Industry(LCCI) has lamented the negative impact of the naira redesign on businesses. Speaking, the director-general of LCCI, Dr Chinyere Almona said: “with the launch of the redesigned naira notes last December, expectations were high for the smooth transition to the use of the new notes for business transactions across […]

PENGASSAN URGES FG TO REVOKE LICENSES OF PETROLEUM MARKETERS SELLING ABOVE PUMP PRICE

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has urged the Federal Government (FG) to revoke licences of oil marketers selling above approved pump price of Premium Motor Spirit (PMS). PENGASSAN said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) should immediately mobilise its staff in various locations nationwide to monitor […]

FRIESLAND CAMPINA RECCONNECTS TO IKEJA ELECTRIC 22 YEARS AFTER

Ikeja Electric Plc (IE), stated that it has ensured reconnection of FrieslandCampina WAMCO Nigeria Plc after over two decades of using alternative sources of power. According to the Acting Head of Corporate Communications Ikeja Electric, Kingsley Okotie, the reconnection of FrieslandCampina back to the grid was achieved through relentless effort of the Business Optimization team […]

SMEDAN PROMOTES ENTREPRENEURSHIP DEVELOPMENT

The Small and Medium Enterprises Development Agency of Nigeria has renewed its commitment to support entrepreneurship in boosting the national economy. This was disclosed by the Director-General of the agency, Mr Olawale Fasanya, at the closing ceremony of training for 80 Women on Self Employment Programme in Lokoja on Friday. The Deputy Director of Planning, […]

GEREGU POWER ANNOUNCES N20 BILLION DIVIDEND 3 MONTHS AFTER LISTING AS SHARES SOAR

Geregu Power, owned by billionaire businessman, Femi Otedola released its audited accounts for the year ended December 2022, indicating revenues of N47.6 billion. The power company became the first firm to publish its audited financials for the year ending December 2022 with PricewaterhouseCoopers as its independent auditor. The company’s investors reacted favourably to the results […]

CADBURY NIGERIA RECORDS N55BN REVENUE IN 2022

Cadbury Nigeria Plc has recorded a turnover of N55.21 billion for the year ended December 31, 2022. The company’s audited results released on the Nigerian Exchange (NGX) Limited showed that revenue grew by 30.3 percent from N42.37 billion recorded in the same period in 2021 to N55.21 billion in 2022. Cost of sales up by […]

WAKANOW, VALUJET PARTNER ON FLIGHT INVENTORY

Wakanow Limited has signed a distribution partnership agreement with Nigeria’s newest domestic airline, ValuJet Airlines, to host its inventory on the website available to travellers. According to the travel company, the collaboration aligns with its aim of delivering access to flight inventory in real-time and an all-year-round flight schedule. The company said, the deal also […]

UBA APPOINTS FIRST FEMALE CEO FOR AFRICA OPERATIONS

The Board of Directors of the United Bank for Africa(UBA) Plc, Africa’s Global Bank, has announced the appointment of Mrs. Abiola Bawuah, as the Chief Executive Officer, UBA Africa. Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria. Bawuah, a Ghanaian national, is […]

FIDELITY BANK EMERGE 2022 BEST SME BANK

Global Banking & Finance Review has awarded, Fidelity Bank PLC, as the ‘2022 Best SME Bank’ in Nigeria The leading online, digital, and print magazine for the banking and financial sector recognises companies of all sizes that are prominent areas of expertise and excellence within the global financial community. A statement by the company stated, […]

CBN HAS RETRIEVED N1.9TN, TWO MONTHS AFTER NAIRA REDESIGN

Central Bank of Nigeria (CBN) has said that in two months following its naira notes redesign and cash swap policy, it has since recovered N1.9 trillion worth of currency previously held outside of the banking system. This was disclosed by the CBN governor Godwin Emefiele on Sunday, 29th January 2023, as part of his update […]

ECOWAS APPROVES FRESH POLICIES FOR REGIONAL ELECTRICITY MARKET

The Economic Community of West African States Regional Electricity Regulatory Authority has approved critical policies for the development of the sub-regions power market. It also announced its commitment to protect the interests of investors and participants in the regional power market, stressing that the body would ensure that there were conducive investments in the industry. […]

LIFANIMA SETS CRITERIA AS ENTRIES OPEN FOR 7th (2023) EDITION

Fast-rising animation festival, conference and awards, Lagos International Festival of Animation, LIFANIMA has announced a call for submissions of entries for its 7th (2023) edition. LIFANIMA, which has grown to become the second largest animation film festival in Africa is proudly supported by the Lagos State Ministry of Tourism, Arts and Culture, The Embassy of […]