Automobile

Honda releases Unicorn motorcycle.

Honda Manufacturing (Nigeria) Limited says the company recently launched a new motorcycle, Honda CB Unicorn, into the Nigerian market to raise the bar of performance in the subsector. The Managing Director of Honda Nigeria Limited, Hirohide Ichikawa, who made the disclosure, during his keynote address, describe the new product as “very reliable for commercial and private use”. He added that…
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Real Estate

Guild canvasses tech for construction monitoring.

The Building Collapse Prevention Guild has called for the deployment of technology for the monitoring of construction sites. The call was made at the guild’s Annual General Meeting in Lagos, themed “theme: “Investigating the Political, Socio-Cultural Dimensions of…
Real Estate

Real estate and construction sector increased GDP by N8.9 trillion - report

The contributions of the real estate and construction sector to Nigeria’s real Gross Domestic Product increased by N8.9trn in the fourth quarter of 2022, according to the latest GDP report released by the National Bureau of Statistics. The sector’s GDP contribution rose to N28.9tn despite high-interest rates, inflation, cost of building materials, amongst other challenges faced last year. The…
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Market

Lagos transferred N137 billion worth of NGX bonds.

The Lagos State government has listed a N137, 328,000,000  series IV bond on the Nigerian Stock Exchange. This was revealed in a notice by the exchange in its weekly report of activities on the market. NGX said that the bond is a 10-Year 13.00 per cent fixed rate unsecured…
EconomyMarket

Indirect taxes rise to N3tn – NBS

The indirect tax burden on Nigerians rose by 18.88 per cent to N3.03tn in 2022 amid an economic downturn and rising inflation. According to the National Bureau of Statistics, Nigerians paid N3.03tn as indirect tax in 2022, an 18.88 per cent increase from the N2.55tn that was…
Market

Insurance Guinea paid N686M in claims over three years.

The Managing Director, Guinea Insurance Plc, Mr Ademola Abidogun, has said the company paid about N686m claims in three years. He said the company was committed to the satisfaction of customers and the insuring public with prompt settlement of claims as well as improved service delivery. Abidogun spoke during the quarterly CEO forum for insurance and pension journalists which was sponsored by…
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Magazine

Missing 2030 emission reduction target risky - IMF

Failure to control emissions by 2030 could lead to more than 2 degrees of global warming by 2030, a catastrophic tipping point for further climate change, according to an International Monetary Fund report. Public Understanding of Politics” notes that concerns about…
Banking

Chike-Obi is looking for help with a margin loan.

The Chairman of Fidelity Bank Plc, Mr Mustafa Chike-Obi, has said that securities and margin lending can boost the volume of trade in the Nigerian capital market. A statement said he spoke when he was invested as a fellow of the Chartered Institute of…
Banking

Wema Bank is committed to supporting the growth of women.

Wema Bank says it is committed to providing women with the knowledge they need to succeed in their careers and businesses. The bank said it is preparing to celebrate International Women’s Day in 2023 by stimulating discussion about women’s economic growth. The statement said the celebration in Lagos aims to respect women and enable them to excel in their personal and professional…
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