British Council, Prince’s Trust offer N2m grant to 8 young entrepreneurs

Onome Amuge The British Council and Prince’s Trust International (PTI) have awarded eight Nigerian entrepreneurs a total of N2 million, as part of the Sustainable Enterprise Challenge Programme (TSECP).  The programme, which kicked off with 60 participants aged between 18 and 35 years, came to an exciting conclusion on March 15, 2024, at the Zone […]

Analyst urges investors to focus on fundamentals in Biden-Trump US rematch

Business a.m.  Investors around the world have been given heads up in the face of the potential rematch between United States president Joe Biden and former president Donald Trump in the November US presidential election which has been unsettling investors. Nigel Green, investment analyst and fund manager, is urging unsettled investors to stay on the […]

World top 500 banking brands in record $1.44trn value in10 years

    Chinese brands hold top 4 spots in new ranking Africans brands report high scores But Nigeria’s top brands absent   Ben Eguzozie The combined value of the world’s top 500 most valuable banking brands has reached a record level of $1.44 trillion, almost double what it was a decade ago, according to a […]

Bank of Ghana suspends forex licences of GTB and First Bank

The Bank of Ghana (BOG) has suspended the foreign exchange trading licenses of two major banks – Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN).  The Bank of Ghana’s one-month suspension of the foreign exchange trading licenses of GTB and FBN will be in effect from March 18, 2024, in accordance with […]

Nigeria offers lucrative lithium industry for Qatari investment 

Business a.m The Nigerian government has invited Qatari investors to explore the country’s lithium potential, as shown by comprehensive data on its reserves available at the Nigerian Geological Survey Agency. Dele Alake, Nigeria’s minister of solid minerals development, made the offer in Doha, Qatar, while meeting with Qatari businessmen on the sidelines of President Bola […]

FAAC allocation rises 2.47% in January as federal govt,subnationals receive N1.149trn

Business a.m The Federation Account Allocation Committee (FAAC) released a total of N1,149.816 trillion  among the 774 local governments, 36 state governments, and the federal government for January 2024,representing a 2.47 per cent increase from the N1,127.408 trillion distributed in December 2023.  The February 2024 meeting of the Federation Accounts Allocation Committee (FAAC) was held […]

Heirs Holding chairman,Elumelu urges MOFI on long-term vision, value creation to support economic development

Onome Amuge Tony Elumelu, the chairman of Heirs Holdings has advised the Ministry of Finance Incorporated (MOFI) on the importance of  long-term thinking and value creation to position MOFI as the strategic institution that will support the Federal Government’s efforts to address economic challenges and drive growth in the Nigerian economy. In addition to long-term […]

Harnessing the carbon credit market to drive economic growth

  NVCCI’s March 2024 meeting examines carbon credit ops Onome Amuge   In 2022, unprecedented flooding devastated Nigeria, causing death, displacement, and destruction of homes and farmland. According to official estimates, the floodwaters killed more than 800 people, displaced 1.5 million people, destroyed 332,237 hectares of farmlands and over 200,000 houses, and affected over 2.5 […]

Arnergy secures $3m funding to expand renewable energy in Nigeria

Joy Agwunobi Arnergy, a Nigerian startup dedicated to providing clean energy solutions, says it has closed a $3 million funding round led by All On, a venture capital firm focused on scaling off-grid energy access in Africa. The new funding will be used to expand Arnergy’s reach in Nigeria, enabling the company to provide clean […]