Nigeria spends 50% of GDP value on debt, lower than Egypt, Ghana, S/Africa

Nigeria may have cross the threshold of over 50 per cent of debt to Gross Domestic Product (GDP) ratio for the first time ever, but it feels like some succour that peer countries like Ghana in 2023 had a debt-to-GDP ratio of about 84.9 per cent, while South Africa’s ratio stood at 72.2 per cent. Kenya and Egypt had ratios of 70.1 per cent and 95.8 per cent, respectively.

Women CEOs form a Coalition to Advance Women’s Economic Empowerment in Nigeria

To address the gender disparity in access economic opportunities in Nigeria, women CEOs and relevant stakeholders met in Lagos to form a coalition to advance women’s economic empowerment.

How Vision And Dedication Catapults An Institution To Greatness

There is no gainsaying that having a vision and purpose, gives direction to ones hustle as well as gives flight to dreams.  To put in perspective, It helps you focus on what you want to achieve and the steps you need to take, to get you there. Without a clear vision, you may end up going in different directions, wasting time and resources. 

Access Bank PLC Consolidates Operations in East Africa, Completes Acquisition of BancABC Tanzania

Access Bank PLC (“the Bank”) has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (“BancABC Tanzania” or “BancABC”), in line with its strategic expansion goals.

UBA Celebrates Africa Day in Style, Commits to Empowering Youths for Leadership Roles

Africa’s Global bank, United Bank for Africa (UBA) Plc, joined the rest of the world on Friday, May 24, 2024, to mark this year’s edition of the Africa Day.
The celebration which went on concurrently across all of its subsidiaries in Africa as well as in the United Kingdom, France, United States of America and the United Arab Emirates, had the underlying theme: Education Fit for the 21st Century.

OPEC forecasts oil market growth with 2.25 million barrels a day demand In 2024

The Organization of Petroleum Exporting Countries, OPEC, has again expressed optimism on robust oil market growth.

Chairman, Access Holdings Plc Aig-Imoukhuede Is President France Nigeria Business Council 

The Chairman of Access Holdings Plc, Aigboje Aig-Imoukhuede, has been appointed the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron.

Another rate hike looms as inflation rises on back of naira slide, increase in transport cost

Inflation rate, the average change in prices of goods and services rose 33.7 per cent in April from 33.2 per cent a month ago. Analysts say the increase was fueled by rise in transportation cost fueled by scarcity of petrol during the month and the slide in naira.

LASAA unveils amnesty programme to ehhance signage registration and payment processes

The Lagos State Signage and Advertising Agency (LASAA) proudly introduces the LASAA Amnesty Programme (LASAAMP), a groundbreaking initiative aimed at streamlining registration and payment processes for both new and existing signage owners.
According to Prince Fatiu Akiolu, Managing Director of LASAA, the LASAAMP initiative is designed to provide seamless registration and payment options while promoting adherence to signage regulations.
“Our LASAAMP campaign is geared towards simplifying the payment process for all business owners, with a strong emphasis on compliance and the consequences of non-compliance with signage regulations. This initiative is especially beneficial for small and medium-sized enterprises facing challenges with current payment procedures,” he emphasized.
As part of the LASAAMP initiative, LASAA is introducing Quick Payment Process helplines to guide business owners through the payment process effortlessly. The helplines are: – 0908-801-93062, 0908-801-93083, 0908-801-93124, 0908-801-93145, and 0908-801-9338.
Mr. Temitope Akande, LASAA’s Head of Strategy and Corporate Communication, explained that during the amnesty period, which is scheduled to run from May 15th to June 25th, all signage applications and payment renewals will be treated as amnesty registrations.
“This presents a unique opportunity for both walk-in customers and existing clients to renew their registrations and benefit from the streamlined payment process,” he noted.
Akande further highlighted that LASAA has deployed dedicated teams across its five divisions in Lagos State – Ikeja, Badagry, Ikorodu, Lagos Island, and Epe – to ensure efficiency and prompt response. Each region will have Monitoring & Inspection staff overseeing registration, payment processes, and conditional approvals within 48 hours of receiving the registration request.
Mr. Gbolahan Dixon, LASAA’s Head of Innovation and Operation, emphasized that each team will be led by a supervisor who will manage a WhatsApp-enabled line to address inquiries promptly, round-the-clock (24/7).
LASAA remains steadfast in its commitment to creating a conducive environment for signage owners to operate within the confines of the law.
The LASAAMP initiative underscores LASAA’s unwavering dedication to supporting businesses while ensuring compliance with signage regulations.

NNPCL assures foreign investors of interest in developing of oil, gas infrastructure

The Nigerian National Petroleum Company Limited (NNPCL) says it will continue in the development of huge oil and gas infrastructure to make it easy for operators and prospective investors to carry out their business in Nigeria.