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Category: Business

Obi Cubana Unveils CNG-Powered Tricycle Showroom to Address Rising Fuel Costs

Lagos, Nigeria – In a bid to alleviate the financial strain caused by soaring fuel prices, Chief Obinna Iyiegbu, popularly known as Obi Cubana, has launched a showroom for Compressed Natural Gas (CNG)-powered tricycles. The initiative, undertaken through his company, Enviable Transport, in partnership with DAG Bajaj Auto Nigeria, aims to provide a more affordable transportation …

Nigeria Signs MoU with Russian Consortium to Revitalize Steel Industry

Abuja, Nigeria – In a significant step towards reviving its industrial sector, Nigeria has signed a Memorandum of Understanding (MoU) with a Russian consortium to rehabilitate, complete, and operate the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company Limited. The agreement was finalized during a visit by the Nigerian Minister of Steel …

A Guide to Registering a Business in Nigeria

Registering a business in Nigeria is a crucial step for entrepreneurs looking to establish their ventures. The process involves several key steps and compliance with specific regulations. Here’s a comprehensive guide to help you navigate the process: Choosing a Business Structure Sole Proprietorship: Suitable for small businesses with a single owner. Partnership: Ideal for businesses …

Nigeria Inaugurates New Sovereign Investment Board, Prioritizes Economic Growth and Stability

Abuja, Nigeria – In a significant move aimed at bolstering its economic development, Nigeria has officially inaugurated a new Sovereign Investment Board (SIB). The board, established under the Sovereign Investment Fund Act 2021, is tasked with managing the country’s long-term savings and investing in strategic assets to drive economic growth and stability. The newly appointed …

Nigeria Officially Embraces Crypto, Grants Operators Licenses

Abuja, Nigeria – In a landmark move that signals a significant shift in its financial landscape, Nigeria has officially recognized cryptocurrency as a legal tender. The country’s Securities and Exchange Commission (SEC) has granted licenses to a select group of cryptocurrency operators to operate within the Nigerian market. This decision marks a reversal of the …