Developers in the real estate sector have accused the government of prioritising revenue generation over the implementation of policies.
The Chief Executive Officer of Darryl Homes Nigeria Limited, Omotayo Odumade, said the government had turned the real estate industry into revenue-generating sector without implementing appropriate policies that would engender the sector’s development.
He said…
Serial investor and billionaire, Femi Otedola has exited his stake in Transcorp Plc, Nairametrics can confirm.
Otedola had acquired a 6% stake in Transcorp over a series of carefully orchestrated purchases going almost unnoticed until the acquisition was announced.
The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents…
Fast-moving consumer goods manufacturer, Unilever Nigeria PLC, has announced the appointment of a new Managing Director, Tim Kleinebenne.
This followed the resignation of Carl Raymond Cruz, with effect from May 4, 2023.
The appointment of Kleinebenne was announced on Tuesday in a corporate notice signed by its Company Secretary, Afolasade Olowe.
Kleinebenne graduated with a Business Economics…
Wema Bank Plc has said its gross earnings rose by 42.3 per cent to N131.08bn as of the end of 2022 financial period from N92.14bn in the corresponding period of 2021.
It revealed this in a statement on its audited financial results for the period ended December 31, 2022.
The…
According to the World Bank, the Nigerian diaspora transferred $168 billion in eight years.
April 25, 2023
The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports collated by our correspondents.
This is as foreign investments inflow into the country fluctuated in the period under review and caused a scarcity…
Moyosoreoluwa Dada, a final year of the University of Lagos, has been crowned the overall winner of the ‘EY Young Tax Professional of the Year 2023’ competition.
A statement said she led nine other finalists to come tops in a fiercely contested competition, at the just concluded presentation of award certificates and gifts ceremony in Lagos.
The statement said, “Now in its 12th year running…
Women are less likely than men to use mobile money services, GSMA has stated.
According to the global body of telecommunication firms, the reason for this includes not owning a mobile phone, not being aware of mobile money, not perceiving the relevance of mobile money, and…
Beerkathon, a tech initiative aimed at encouraging inclusion in the tech industry produced three winners at an awards ceremony organised by BeerTech Africa, the tech arm of International Breweries Plc, a member of AB InBev, a global beer maker.
A statement said the event…
Airtel Nigeria has partnered with AXA Mansard to launch a digital health insurance scheme to provide access to basic health care consultation and minor treatment for customers on the telco’s network.
The telco explained that the health bundle will give its customers the opportunity to approach low-cost health care consolation and treatment for minor illnesses.
It stated that the bundle plan will…