July 2025 – Page 103

Business

MAN Champions Local Manufacturing to Boost Nigerian Economy

18.07.2025

The Manufacturers Association of Nigeria says Nigeria must prioritise local manufacturing technologies to reduce foreign dependency, strengthen the economy, and build long-term resilience. Director-General of MAN, Segun Ajayi-Kadir, stated that true resilience comes from embracing indigenous solutions while speaking at a press briefing on Wednesday in Lagos ahead of the 2025 edition of the Nigeria...

Electricity Amendment Bill Sparks Consumer Burden Concerns

18.07.2025

The Forum of Commissioners of Power and Energy has expressed concerns about the proposed Electricity Act (Amendment) Bill, 2025, and submitted that it would create a constitutional conflict between the Federal Government and the states. The forum equally said that as electricity consumers are still battling with various bands and their financial implications, the bill,...

Standard Chartered Empowers Nigerian Women in Tech

18.07.2025

Standard Chartered Bank Nigeria Limited, in partnership with Village Capital and Enterprise Development Centre, has announced the top 10 finalists progressing into Cohort 6 of its Futuremakers Women in Technology Incubator programme in Nigeria. The incubator aims to support and promote the economic and social development of women in Nigeria through innovation or technology-led entrepreneurship....

Uto Ukpanah Investiture as 30th ICSAN President

18.07.2025

The Institute of Chartered Secretaries and Administrators of Nigeria will on Wednesday, July 23, hold the investiture of Mrs Uto Ukpanah as its 30th President and Chairman of the Governing Council. In a statement, ICSAN said Ukpanah, a governance professional and lawyer would succeed Mrs Funmi Ekundayo, the Institute’s first female president, whose two-year tenure...

RMB Wins International Banking Awards in Africa

18.07.2025

RMB has received international honours for its operations on the African continent. In a statement on Thursday, the African Corporate and Investment Bank indicated that it won the Best Transactional Banking provider in Africa at the 2025 Global Finance awards and emerged as the Best Overall Cash Management provider in South Africa in the 25th...

AMCON’s N24.6bn Appeal Struck Out by Supreme Court

18.07.2025

The Supreme Court of Nigeria has struck out the appeal filed by the Asset Management Corporation of Nigeria in its protracted legal dispute with Suru Worldwide Ventures Nigeria Limited and its Managing Director, Mr. Edward Akinlade, over an alleged debt claim of N24.6bn. Delivering judgement on Monday, July 7, 2025, in Appeal No. SC/CV/865/2021, the...

Business

FirstBank Boosts UNGC Partnership for Sustainable Finance

18.07.2025

FirstBank has strengthened its partnership with the United Nations Global Compact to drive sustainable finance and unlock capital for development. In a statement on Thursday, the lender said that its ongoing partnership was reinforced at the recently concluded Fourth International Conference on Financing for Development hosted by the United Nations Department of Economic and Social...

Odu’a Investment Upgraded to ‘Aa-’ by Agusto & Co.

18.07.2025

Pan-African rating firm Agusto & Co. has upgraded Odu’a Investment Company Limited’s corporate rating to ‘Aa-’ with a stable outlook in its recently released 2025 Corporate Rating Report. In a statement on Thursday, Odu’a Investment said the upgrade from the previous rating of ‘A+’ to ‘Aa-‘ reflects its improved operating income and cash flow, driven...

Nigeria Woos Investors to Booming Paint Industry

18.07.2025

Government agencies and manufacturers have made a renewed effort to attract local and foreign investors to Nigeria’s paint and coatings industry, highlighting opportunities in raw materials, technology, and regulatory support. According to a statement, the stakeholders, including the Manufacturers Association of Nigeria, the Standards Organisation of Nigeria, and the Raw Materials Research and Development Council,...

NCC’s New Telecom Licensing to Boost Tech Innovation in Nige

18.07.2025

The Nigerian Communications Commission has announced a new licensing framework designed to foster innovation and expand opportunities for startups and technology-driven enterprises within the telecommunications sector. The Executive Vice Chairman of the NCC, Dr. Aminu Maida, disclosed this in a speech delivered on his behalf by the Executive Commissioner for Stakeholder Management, Rimini Makama, at...