Recapitalisation: Labour Ministry charges banks to protect workers
By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
Nigerian Bottling Company marks 75yrs, reaffirms commitment to Nigeria
By Tunde Oso Nigerian Bottling Company (NBC) Ltd, a member of the Coca-Cola HBC Group, has marked its 75th anniversary in Nigeria with a gala event held at the Conference Centre, Abuja. Reflecting on the company’s origin, Anastassis G. David, Chairman of Coca-Cola HBC, said: “In 1951, Anastasios Leventis negotiated the rights for the whole […]
Oye: Nigeria’s economy in severe strain despite $10.37bn capital inflow
Oye said the size of the capital inflow should not be mistaken for evidence that the Nigerian economy was attracting sufficient long-term productive investment
Dangote Refinery IPO: Rwanda moves to facilitate investor participation
The Capital Markets Authority, CMA, of Rwanda has commenced discussions with relevant stakeholders to facilitate the participation of Rwandan investors in the initial public offering, IPO, of Dangote Petroleum Refinery. The regulator, in a statement on Wednesday, said it had observed strong interest in opportunities offered by capital markets and was working to facilitate participation […]
Foreign shipping firms reject double port-charging claims
By Godwin Oritse The Shipping Association of Nigeria, SAN, has rejected claims that shipping companies impose double charges on importers for electronic cargo release services, saying the allegation confuses different processes and deflects attention from other cost pressures in the nation’s ports. The association, an umbrella body for foreign shipping companies operating in Nigeria, said […]
Nigeria’s net domestic assets rise to N101trn
By Peter Egwuatu Nigeria’s Net Domestic Assets (NDA) rose by 27.1 per cent year-on-year (YoY) to N101.006 trillion in July 2026 from N79.496 trillion recorded in the corresponding period of 2025, according to the money and credit statistics of the Central Bank of Nigeria, CBN, for July 2026. NDA represents the Central Bank of Nigeria’s […]
