Asana, the leading enterprise work management platform has announced its official launch in Lagos, Nigeria. The event, themed “Future-Proofing Nigerian Workflows: AI That Works,” will take place in the first week of June in Ikoyi, Lagos. According to the promoters of the brand in Nigeria, the event is set to usher in a new era of […]
Business
BATN Foundation Reinforces Sustainable Agriculture, Rural Development
The British American Tobacco Nigeria Foundation (BATN), has commemorated its 20th anniversary, where it acknowledged its outstanding efforts in promoting sustainable agriculture and bolstering rural development through impactful initiatives across multiple sectors. The anniversary event, held recently in Lagos, brought together stakeholders, partners, and beneficiaries to reflect on the Foundation’s journey and accomplishments. Established in November 2002, the BATN Foundation has […]
Home delivery of Nigerian passport service set to launch in June
Olubunmi Tunji-Ojo, the minister of interior, announced that the Nigerian Immigration Service (NIS) will commence home delivery of passports starting June. Tunji-Ojo disclosed this on May 24 during his inspection of the electronic gates at the new terminal of the Nnamdi Azikiwe International Airport in Abuja. Read also: How to apply […]
FG installs eGates at Lagos airport, gives timeline for other airports
The federal government through the Nigeria Immigration Service (NIS) has commenced the installation of eGates at the Murtala Muhammed International Airport (MMA), Lagos. This is in a bid to enhance national security, passenger facilitation and ease of doing business. This is as it disclosed that over 107 thousand passports have been produced […]
Nigeria’s Letter Of Credit Payments Fall By 63% In Q1 2024
Nigeria’s letter of credit payments have plummeted by 63% in the first quarter of 2024 compared to the same period in the previous year, according to the International payments data of the Central Bank of Nigeria (CBN). The total letter of credit payments made via official channels for Q1 2024 […]
FG says UAE visa has been resolved, announcement is soon
The federal government have revealed that the United Arab Emirates (UAE) visa ban on Nigerians has been resolved and an announcement regarding that will be made soon. Festus Keyamo, minister of aviation and aerospace development, made this known on Wednesday in a statement reacting to the criticism from Osita Chidoka, […]
Electricity Subsidy Gulps ₦629 Billion As Discos Generate ₦1.1 Trillion
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained from the Nigerian Electricity Regulatory Commission on Wednesday showed. An analysis of figures from the power sector regulator indicated that […]
Labour Slashes Proposed New Minimum Wage To N500,000
Organised Labour on Wednesday reduced its demand for an improved new minimum from an initial N615,000 to N500,000 after an agreement could not be reached at the Tripartite Committee meeting on Tuesday. The Deputy President of Nigeria Labour Congress Political Commission, Prof. Theophilus Ndubuaku, disclosed this in an exclusive phone chat with […]
CBN Revises Guidelines For Bureau De Change Operators
The Central Bank of Nigeria has updated its regulatory guidelines for Bureau De Change operators. After consulting with stakeholders, the following changes were made: The mandatory caution deposit of N200m for tier-1 BDC licence holders has been removed. Similarly, N50m for tier-2 licence holders has also been waived. The non-refundable […]
Naira Slide Pushes Dangote Diesel To ₦1,100/Litre
The price of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery has increased from N940/litre to N1,100/litre due to the crash of the naira against the United States dollar, it was gathered on Tuesday. Recall that on April 24, 2024, The PUNCH reported that the Dangote […]