Africa ranks low in global business environment rankings

AfricaBusinessNewsAfrica ranks low in global business environment rankings

By Ezinwanne Onwuka (Senior Reporter)April 20, 2023

Singapore, Canada and Denmark will be the three countries with the best business environment over the next five years, according to the latest business environment rankings, BER, by the Economic Intelligence Unit, EIU. EIU’s BER measures the attractiveness of the business environment in 82 countries quarterly, using a standard analytical framework with 91 indicators. The latest ranking for the second quarter of 2023 shows that North America and Western Europe continue to be the best...

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PoS Operator In Police Net Over N280m Received In Error

BusinessNewsNigeriaPoS Operator In Police Net Over N280m Received In Error

Hassan Umar Shallpella (Regional Correspondent)April 20, 2023

Police in Ilorin, the Kwara State capital have confirmed the arrest of a Point of Sale operator Alfa Rafiu who erroneously received N280m transferred to his account by a commercial bank in Ilorin, the Kwara state capital has been arrested by the Police. It was gathered that the suspect who resides at the Akuji compound, the Abayawo area in the Ilorin West Local Government Area of the state was arrested on Monday when he went...

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Matt Ruwe says Bose’s new product, the A30 aviation headset is designed for maximum comfort

BusinessNewsNigeriaMatt Ruwe says Bose’s new product, the A30 aviation headset is designed for maximum comfort

By Ezinwanne Onwuka (Senior Reporter)April 9, 2023

Bose, the Massachusetts-based company, is renowned for its home audio systems and speakers, noise-cancelling headphones, professional audio products and automobile sound systems. Bose’s products have been adjudged to be the best, and for good reasons: they are designed for comfort, improved clarity and noise cancellation. On March 28, the company unveiled the latest generation of Bose headset for pilots: the A30 aviation headset. Matt Ruwe, Senior Product Manager at Bose during a chat with Ezinwanne...

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CBN deadline: Okada rider announces new mode of receiving payment

BusinessNewsNigeriaCBN deadline: Okada rider announces new mode of receiving payment

By Ezinwanne Onwuka (Senior Reporter)February 1, 2023

With eight days left for the old N200, N500, and N1000 notes to cease to be legal tender, a commercial motorcyclist has notified the public that he would no longer accept the old notes in a funny way. In a video shared by Instablog, the okada rider was captured with a paper glued to his T-Shirt, which contains information about his new method of receiving payment for his services. “New notes or transfer”, the inscription...

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CBN Tasks Anambra Traders To Deposit Old Naira Notes Before 31st January 

BusinessNewsNigeriaCBN Tasks Anambra Traders To Deposit Old Naira Notes Before 31st January 

PilotnewsJanuary 21, 2023

The Central Bank of Nigeria has enjoined residents and traders in Anambra state to ensure they deposit all old notes of the redesigned currency in banks before the 31st of January. The Director Other Institutions Department, CBN, Awka, Mrs Nkiru Asiegbu, made the call when the Awka Branch of the apex bank went on sensitization tour to tools and Allied Material Market, Bridge Head Onitsha. Mrs Asiegbu announced that the CBN will not extend the...

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Federal Govt to phase out pioneer status incentive for mature industries

BusinessNewsNigeriaFederal Govt to phase out pioneer status incentive for mature industries

Beloved John (Staff Writer)December 15, 2022

The federal government says it is phasing out the antiquated pioneer status incentive and other tax exemptions for mature industries with the 2022 finance bill. Zainab Ahmed, the minister of finance, budget, and national planning, disclosed this while addressing a state house correspondent on Wednesday. The bill is for tax collection in 2023. It was designed to support the implementation of the 2023 budget. The pioneer status incentive (PSI) is a tax holiday that grants...

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NDIC Recovers N8.3 Billion Naira From Banks

BusinessNewsNigeriaNDIC Recovers N8.3 Billion Naira From Banks

Hassan Umar Shallpella (Regional Correspondent)December 11, 2022

The Nigeria Deposit Insurance Corporation (NDIC) says it has helped depositors recover eight point three billion naira from their banks and had resolved two hundred and forty-eight customer complaints. Mr. Bello Hassan said the complaints bothered unauthorized withdrawals which accounted for the highest number of one hundred and ninety cases, P.O.S issues accounted for thirty-three, and fraud cases which accounted for twenty-five. The Managing Director of the corporation stated this at the forty-third Kano International...

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In partnership with AMEC, P+ Measurement Services organizes annual Measurement Month in Nigeria

BusinessEducationNigeriaIn partnership with AMEC, P+ Measurement Services organizes annual Measurement Month in Nigeria

PilotnewsNovember 22, 2022

In collaboration with the International Association for the Measurement and Evaluation of Communication, AMEC, the leading intelligence agency in Nigeria, P+ Measurement Services, declared its interest to host the annual AMEC Measurement Month (#AMECMM) to enlighten PR and communications experts and professionals in Nigeria. The event is slated to take place on November 25th, 2022 from 12 pm to 1:30 pm (WAT). The purpose of this event, which will be held virtually on the Google...

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Africa’s Richest Man, Dangote Ranks 63rd On Bloomberg’s List Of Top 100 Billionaires

BusinessNewsNigeriaAfrica’s Richest Man, Dangote Ranks 63rd On Bloomberg’s List Of Top 100 Billionaires

By Ezinwanne Onwuka (Senior Reporter)July 16, 2022

Chairman of Aliko Dangote Group, Aliko Dangote, is now the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, July 13, the Chief Executive Officer of Tesla, Elon Musk, was listed as the richest billionaire in the world, as of Monday, July 11. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. According to the financial, software, data, and media company...

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African Development Bank Secures Additional €3.5 million For The Abidjan- Lagos Highway Project

AfricaBusinessNewsNigeriaAfrican Development Bank Secures Additional €3.5 million For The Abidjan- Lagos Highway Project

Hassan Umar Shallpella (Regional Correspondent)June 4, 2022

Chief Transport Economist, African Development Bank (AfDB), Lydie Ehouman has said that the bank has been able to secure an agreement for additional €3.5 million for the Abidjan- Lagos highway project. The Economic Community of West African States, ECOWAS project is aimed at creating a corridor of road linking five countries in the region. The countries are Nigeria, Benin Repulic, Cote d’Ivore, Togo and Ghana. The road when completed is expected to benefit 40 million...

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