August 9, 2025

Business

Business

Benue Brewery Launches Sales And Aims To Create 1,000 Jobs Amid Beer Production Growth –

The Benue Investment and Property Company (BIPC) has commenced the sale of its locally brewed Zeva Premium Beer and Oyi Bitters, with a projection to generate over 1,000 direct jobs once its permanent brewery becomes fully operational The Managing Director and Chief Executive Officer of BIPC, Dr. Raymond Asemakaha, made this announcement on Wednesday during

Read More
Business General

Nigeria’s money supply records first drop in 2025, falls to N110.32 trillion

Nigeria’s money supply declined for the first time in 2025, dropping to N110.32 trillion in February from N110.94a trillion in January, according to data from the Central Bank of Nigeria (CBN). This 0.56% month-on-month decrease comes as the CBN continues to manage liquidity and stabilize the economy ¹. Despite this decline, the money supply remains

Read More
Business General

Anambra Drug Traders Protest Market Closure by NAFDAC

Traders at the Ogbo-Ogwu drug market in Onitsha, Anambra State, have taken to the streets to protest the market’s closure by the National Agency for Food and Drug Administration and Control (NAFDAC). The traders are demanding the immediate and unconditional reopening of the market, claiming that the closure has led to the death of over

Read More
Business

Fuel Export Controversy: Marketers Protest as Dangote Ships Petrol to the US and Other Markets

Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have rejected the decision by Dangote Petroleum Refinery to sell refined petroleum products in dollars instead of naira. PETROAN Calls for Government InterventionPETROAN urged the Federal Government to intervene and ensure that fuel transactions within Nigeria are conducted in local currency. The

Read More
Business

Businessman Arraigned for Failing to Declare $299,000 Collapses in Court

There was high drama at the Federal High Court in Lagos on Wednesday as a businessman, Sunday Okorie, collapsed in the dock while standing trial for alleged money laundering and possession of counterfeit foreign currency. Okorie had been arraigned on Tuesday, March 25, by the Economic and Financial Crimes Commission (EFCC) on a four-count charge

Read More
Business

Fire Razes Multi-Million Naira Shops in Onitsha Market

A raging fire has destroyed goods worth millions of naira at the popular Iweka Road, near Ochanja Market in Onitsha, Anambra State, following a night inferno that broke out on Tuesday. According to eyewitness reports, the fire started at approximately 8:30 pm, gutting several shops and reducing valuable merchandise to ashes. Traders, most of whom

Read More
Business

BOI Appoints FIC as Business Development Service Provider for SMEs –

The Bank of Industry (BOI) has officially designated FIC Professionals Network Plc as a Business Development Service Provider (BDSP) to support small and medium-sized enterprises (SMEs) in accessing credit and strengthening their operations. In a statement on Tuesday, FIC noted that BDSPs play a crucial role in BOI’s mandate of providing long-term financial support and

Read More
Business

Stanbic IBTC Promotes Sustainable Wealth Management and Financial Planning –

In a bid to strengthen financial resilience and ensure long-term wealth sustainability, Stanbic IBTC Bank has reaffirmed its commitment to providing Nigerians with strategic financial planning solutions. The bank emphasized the importance of sustainable wealth management, particularly in today’s evolving economic landscape. The Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, made this known in

Read More
Business

Bankit MFB Introduces Gamification to Enhance Financial Literacy –

In a bid to revolutionize financial literacy and engagement, digital bank Bankit Africa has integrated gamification into its services, enabling customers to earn rewards while managing their finances. Bankit Africa’s Chief Executive Officer, Yen Choi, revealed the strategy in a statement on Monday, emphasizing how gamification can transform banking from a routine activity into an

Read More
Business

Minister Engages Stakeholders Over FRCN Levy Controversy –

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has convened a stakeholders’ meeting to address mounting concerns over the Financial Reporting Council of Nigeria (FRCN) annual levy, which has sparked outrage among business groups, particularly the Manufacturers Association of Nigeria (MAN). The move comes in response to strong opposition from industry leaders over

Read More