GE Organises Business Training Scheme for NYSC Members

By Modupe Gbadeyanka A firm established to help fix the global trade finance gap, Finverity, has disclosed that it is repositioning its brand and product offering for its next phase of growth. To achieve this, it has hired Mr Adam Ryan as its Chief Marketing Officer (CMO). He has been working with the leadership team at Finverity to build a brand and product suite that better reflects this purpose, as well as Finverity’s position at the leading edge of trade and SCF technology. Before now, Mr Ryan served as the CMO of Azimo, the global payments fintech, where he led

By Adedapo Adesanya The Nigeria Customs Service (NCS), as part of efforts to reposition the agency for greater operational efficiency, has approved the redeployment of comptrollers at various commands across the country. The acting Comptroller General of Customs, Mr Bashir Adeniyi, on Wednesday, explained that the redeployment of the customs comptrollers was in response to the statutory retirement of some management members of the service. In a statement signed by the National Public Relations Officer, Mr Abdullahi Maiwada, Mr Adeniyi approved key appointments and redeployment within the service to ensure operational efficiency. “Consequently, comptrollers Florence Nanu Ogar-Modey and Queen Ogbudu

By Aduragbemi Omiyale For the first time in many months, the Nigerian business activity index fell into the negative region in February 2023 due to the scarcity of fuel and Naira in the financial system. The Central Bank of Nigeria (CBN) redesigned the N200, N500, and N1,000 banknotes last year and gave Nigerians till January 31, 2023, to swap their old notes for the new ones. However, after calls from various quarters, the deadline was shifted to February 10, 2023. Two days before the expiration, three state governments went to the supreme court to stop the implementation of the policy

By Olukayode Kolawole eCommerce and its continuous explosion – thanks to the internet – has forever changed the way we shop for products and services. We have witnessed – in the last 6 years of eCommerce debut in Nigeria – many impactful changes, such as the rise of online marketplaces; the seamless shift to using mobile devices for online shopping; the incredible growth of online and digital marketing and advertising; and the use of digital modifications in sales and mainstream consumer shopping. Despite this remarkable innovation, many still find it very challenging to use these eCommerce platforms because they hardly

By Modupe Gbadeyanka The managing director of Arise TV, Ms Ijeoma Nwogwugwu, has resigned and left the broadcast platform four years after she was appointed to the position. Ms Nwogwugwu, a former banker, was appointed as the pioneer MD of the company from ThisDay, where she was the Editor for many years. However, the reason for her resignation has not been made known, but while she headed the organisation, the television station rose to prominence within a short time. Arise TV, established by Mr Nduka Obaigbena, the owner of ThisDay Newspapers, became the toast of viewers in Nigeria because of

By VON Federal Government has announced the lifting of administrative suspension on processing Pioneer Status Incentives (PSI) applications. This followed the conclusion of critical reforms to the incentive regime. According to the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, fresh guidelines for PSI applications have been released as well as a revamped list of pioneer industries and products Speaking in Abuja,  Mr Enelamah said the Federal Executive Council (FEC) at its last meeting approved the lifting of the suspension, a new guideline  and a revamped pioneer list with the addition of 27 key industries and deletion of two

By Dipo Olowookere The board of Fidelity Bank Plc, one of the companies listed on the Nigerian Stock Exchange (NSE), has explained why it has not released its financial statements for the year ended December 31, 2017. The lender, in a statement issued by its scribe, Ezinwa Unuigboje, explained that it was due to delays in concluding the audit process. However, Fidelity Bank expressed optimism that the financial documents would be released on or before April 30, 2018. “Thus is to inform our esteemed shareholders and other stakeholders of the delay by Fidelity Bank Plc to release/publish its annual audited

By Adedapo Adesanya The value of the Nigerian currency was stable against the American currency at the major segments of the foreign exchange (FX) market on Tuesday, August 30. In the Investors and Exporters (I&E) window of the forex market, the local currency retained its previous day’s exchange rate of N430.33/$1 and in the Peer-to-Peer (P2P) side of the currency market, the Naira also showed no movement against the greenback at N710/$1. Equally, at the interbank market, the domestic currency remained flat against the British Pound Sterling and the Euro yesterday at N495.39/£1 and N423.25/€1 respectively. However, at the parallel market,

By Adedapo Adesanya The candidate of the Labour Party (LP) in the 2023 presidential election, Mr Peter Obi, has defeated Mr Bola Tinubu of the All Progressives Congress in Lagos State in a development that is unprecedented in the state. The Independent National Electoral Commission (INEC) results on Monday, tracked by Business Post, showed that Mr Obi won in a hotly-contested race against Mr Tinubu, a former two-time state governor of the country’s commercial hub. Mr Tinubu, known as Jagaban, has been regarded as the godfather of the Lagos political landscape and a kingmaker who has a hand in the

By Modupe Gbadeyanka Companies operating in the hospitality, tourism and entertainment sectors in Lagos will enjoy a 50 per cent discount for licence and renewal fees payable to the Ministry of Tourism, Arts and Culture. This was disclosed by the Commissioner for Tourism, Arts and Culture, Mrs Uzamat AkinbiIe-Yusuf, at a press conference held in Alausa, Ikeja, on Wednesday. The Commissioner said the gesture was part of the N1 billion approved by Governor Babajide Sanwo-Olu as seed capital for investment in the tourism sector. She said palliative measure was approved for practitioners in the industry to drive the growth of