Spotlight Archives - Nairametrics https://nairametrics.com/category/spotlight-stories/ Destination for Business news and analysis from Africa's largest economy Sun, 18 Aug 2024 10:53:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Spotlight Archives - Nairametrics https://nairametrics.com/category/spotlight-stories/ 32 32 201037849 Meet top 10 powerful CFOs of Nigeria’s largest companies by market cap  https://nairametrics.com/2024/08/18/meet-top-10-powerful-cfos-of-nigerias-largest-companies-by-market-cap/ https://nairametrics.com/2024/08/18/meet-top-10-powerful-cfos-of-nigerias-largest-companies-by-market-cap/#respond Sun, 18 Aug 2024 10:08:01 +0000 https://nairametrics.com/?p=496031 Despite Nigeria's challenging economic environment, characterized by persistent naira devaluation, high inflation, and socio-economic instability, the country's leading companies have achieved laudable market capitalizations.  

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]]> https://nairametrics.com/2024/08/18/meet-top-10-powerful-cfos-of-nigerias-largest-companies-by-market-cap/feed/ 0 496031 CJN: Five landmark decisions by Kudirat Kekere-Ekun influencing Nigerian Court proceedings  https://nairametrics.com/2024/08/18/cjn-five-landmark-decisions-by-kudirat-kekere-ekun-influencing-nigerian-court-proceedings/ https://nairametrics.com/2024/08/18/cjn-five-landmark-decisions-by-kudirat-kekere-ekun-influencing-nigerian-court-proceedings/#respond Sun, 18 Aug 2024 05:45:00 +0000 https://nairametrics.com/?p=496024 The Supreme Court of Nigeria is one of the country's key policy-making institutions, constantly under the spotlight, particularly with the nomination of Justice Kudirat Motonmori Kekere-Ekun as Chief Justice of Nigeria.  

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]]> https://nairametrics.com/2024/08/18/cjn-five-landmark-decisions-by-kudirat-kekere-ekun-influencing-nigerian-court-proceedings/feed/ 0 496024 ‘I can’t afford this anymore’: Nigerian Parents on the struggle with rising School Fees https://nairametrics.com/2024/08/17/i-cant-afford-this-anymore-nigerian-parents-on-the-struggle-with-rising-school-fees/ https://nairametrics.com/2024/08/17/i-cant-afford-this-anymore-nigerian-parents-on-the-struggle-with-rising-school-fees/#respond Sat, 17 Aug 2024 15:07:45 +0000 https://nairametrics.com/?p=495993 Amidst Nigeria's rising inflation, families across the country are grappling with the escalating cost of education. 

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]]> https://nairametrics.com/2024/08/17/i-cant-afford-this-anymore-nigerian-parents-on-the-struggle-with-rising-school-fees/feed/ 0 495993 So you want to be a Pilot in Nigeria? Here’s what it takes  https://nairametrics.com/2024/08/17/so-you-want-to-be-a-pilot-in-nigeria-heres-what-it-takes/ https://nairametrics.com/2024/08/17/so-you-want-to-be-a-pilot-in-nigeria-heres-what-it-takes/#respond Sat, 17 Aug 2024 08:33:45 +0000 https://nairametrics.com/?p=495978 This piece provides useful insights into the essential steps, the institutions involved, and what you can expect once you're licensed to take to the skies. 

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]]> https://nairametrics.com/2024/08/17/so-you-want-to-be-a-pilot-in-nigeria-heres-what-it-takes/feed/ 0 495978 Elon Musk’s Starlink is building Ground Stations in Lagos, Ogun and Rivers State to boost connectivity   https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/ https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/#respond Fri, 16 Aug 2024 11:58:14 +0000 https://nairametrics.com/?p=495949 Elon Musk’s internet company, Starlink is setting up ground stations across Nigeria in a strategic move aimed at enhancing connectivity in the country. 

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]]> https://nairametrics.com/2024/08/16/elon-musks-starlink-is-building-ground-stations-in-lagos-ogun-and-rivers-state-to-boost-connectivity/feed/ 0 495949 Consumer Goods Companies report reduced margins in the first half of 2024, blame higher production   https://nairametrics.com/2024/08/16/consumer-goods-companies-report-reduced-margins-in-the-first-half-of-2024-blame-higher-production/ https://nairametrics.com/2024/08/16/consumer-goods-companies-report-reduced-margins-in-the-first-half-of-2024-blame-higher-production/#respond Fri, 16 Aug 2024 07:53:24 +0000 https://nairametrics.com/?p=495908 Consumer goods companies listed on the Nigerian Stock Exchange (NGX) reported a significant uptick in their cost of production in the first half of the year.  

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]]> https://nairametrics.com/2024/08/16/consumer-goods-companies-report-reduced-margins-in-the-first-half-of-2024-blame-higher-production/feed/ 0 495908 Nigeria’s inflation rate drops for the first-time in 19 months, at 33.40% in July  https://nairametrics.com/2024/08/15/nigerias-inflation-rate-drops-for-the-first-time-in-19-months-at-33-40-in-july/ https://nairametrics.com/2024/08/15/nigerias-inflation-rate-drops-for-the-first-time-in-19-months-at-33-40-in-july/#respond Thu, 15 Aug 2024 11:21:43 +0000 https://nairametrics.com/?p=495854 Nigeria’s headline inflation rate decreased to 33.40% in July 2024, down from 34.19% in June 2024. This marks the first decline in the headline inflation rate since December 2022, when it last dropped to 21.34%.

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]]> https://nairametrics.com/2024/08/15/nigerias-inflation-rate-drops-for-the-first-time-in-19-months-at-33-40-in-july/feed/ 0 495854 Nigerian Court refuses Police request to reverse billions allegedly withdrawn by POS agents in 2023 glitch   https://nairametrics.com/2024/08/15/exclusive-nigerian-court-refuses-igps-request-to-reverse-billions-allegedly-withdrawn-from-flutterwave-in-2023-glitch/ https://nairametrics.com/2024/08/15/exclusive-nigerian-court-refuses-igps-request-to-reverse-billions-allegedly-withdrawn-from-flutterwave-in-2023-glitch/#respond Thu, 15 Aug 2024 07:28:21 +0000 https://nairametrics.com/?p=495830 A Federal High Court in Abuja has denied a motion by the Inspector General of Police (IGP) seeking an order to compel approximately twelve banks and financial institutions to reverse billions of naira that were allegedly fraudulently withdrawn from a Flutterwave account at Wema Bank.

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]]> https://nairametrics.com/2024/08/15/exclusive-nigerian-court-refuses-igps-request-to-reverse-billions-allegedly-withdrawn-from-flutterwave-in-2023-glitch/feed/ 0 495830 Zero-Duty, VAT exemption on essential food imports effective July 15 to year-end – Nigeria Customs Service  https://nairametrics.com/2024/08/15/zero-duty-vat-exemption-on-essential-food-imports-effective-july-15-to-year-end-nigeria-customs-service/ https://nairametrics.com/2024/08/15/zero-duty-vat-exemption-on-essential-food-imports-effective-july-15-to-year-end-nigeria-customs-service/#respond Thu, 15 Aug 2024 05:29:50 +0000 https://nairametrics.com/?p=495813 The Nigeria Customs Service has announced the implementation of the duty waiver on essential food imports, effective from July 15, 2024, through December 31, 2024, to make basic food commodities more affordable.  

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]]> https://nairametrics.com/2024/08/15/zero-duty-vat-exemption-on-essential-food-imports-effective-july-15-to-year-end-nigeria-customs-service/feed/ 0 495813 Inflation: FMCG transaction volume in Nigeria declines by 17.4% in 2024 – Report   https://nairametrics.com/2024/08/14/inflation-fmcg-transaction-volume-in-nigeria-declines-by-17-4-in-2024-report/ https://nairametrics.com/2024/08/14/inflation-fmcg-transaction-volume-in-nigeria-declines-by-17-4-in-2024-report/#respond Wed, 14 Aug 2024 13:07:53 +0000 https://nairametrics.com/?p=495780 The latest report by NielsenIQ has revealed that the Nigerian Fast-Moving Consumer Goods (FMCG) market has seen a 17.4% decline in the volume of transactions this year as Nigerians continue to battle with the high cost of goods. 

The post Inflation: FMCG transaction volume in Nigeria declines by 17.4% in 2024 – Report   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/14/inflation-fmcg-transaction-volume-in-nigeria-declines-by-17-4-in-2024-report/feed/ 0 495780 Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun   https://nairametrics.com/2024/08/14/nigerias-economy-growing-recorded-55-billion-non-oil-export-in-2023-wale-edun/ https://nairametrics.com/2024/08/14/nigerias-economy-growing-recorded-55-billion-non-oil-export-in-2023-wale-edun/#respond Wed, 14 Aug 2024 07:32:17 +0000 https://nairametrics.com/?p=495753 The Minister of Finance, Wale Edun, has reassured Nigerians that the economy is thriving under President Bola Tinubu’s leadership, noting that the country achieved an impressive $55 billion in non-oil exports last year. 

The post Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/08/14/nigerias-economy-growing-recorded-55-billion-non-oil-export-in-2023-wale-edun/feed/ 0 495753 Nigerian Senators collect N1 million monthly salary, covering entertainment, constituency allowance, others – Revenue Commission  https://nairametrics.com/2024/08/14/nigerian-senators-collect-n1-million-monthly-salary-covering-entertainment-constituency-allowance-others-revenue-commission/ https://nairametrics.com/2024/08/14/nigerian-senators-collect-n1-million-monthly-salary-covering-entertainment-constituency-allowance-others-revenue-commission/#respond Wed, 14 Aug 2024 06:02:35 +0000 https://nairametrics.com/?p=495742 The Revenue Mobilisation Allocation and Fiscal Commission has confirmed that each Nigerian Senator receives a monthly salary and allowances totaling N1,063,860, covering various needs such as entertainment and constituency allowances. 

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]]> https://nairametrics.com/2024/08/14/nigerian-senators-collect-n1-million-monthly-salary-covering-entertainment-constituency-allowance-others-revenue-commission/feed/ 0 495742 Concerns mount as NERC presses DisCos to buy power directly from Gencos  https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/ https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/#respond Tue, 13 Aug 2024 11:02:04 +0000 https://nairametrics.com/?p=495690 The Nigerian Electricity Regulatory Commission's (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract with energy generation companies (GenCos) has sparked significant controversies in the power sector. 

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]]> https://nairametrics.com/2024/08/13/concerns-mount-as-nerc-presses-discos-to-buy-power-directly-from-gencos/feed/ 0 495690 Court reverses TAJ Bank’s customers’ N139 Million ‘unlawfully’ credited due to system glitch https://nairametrics.com/2024/08/13/court-reverses-taj-banks-customers-n139-million-unlawfully-credited-due-to-system-glitch/ https://nairametrics.com/2024/08/13/court-reverses-taj-banks-customers-n139-million-unlawfully-credited-due-to-system-glitch/#respond Tue, 13 Aug 2024 08:57:56 +0000 https://nairametrics.com/?p=495681 The Federal High Court, Abuja, has granted an interim freezing order against several accounts in Fair Money Micro-finance Bank Ltd, Palm Pay Limited, and Opay Digital Services Limited, mandating the organizations to reverse N139,630,000 credited to some of their customers and account holders as a result of a "system glitch" at TAJ Bank Ltd.  

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]]> https://nairametrics.com/2024/08/13/court-reverses-taj-banks-customers-n139-million-unlawfully-credited-due-to-system-glitch/feed/ 0 495681 Prices of food items, cooking gas rise in Kaduna after nationwide protest  https://nairametrics.com/2024/08/13/prices-of-food-items-cooking-gas-rise-in-kaduna-after-nationwide-protest/ https://nairametrics.com/2024/08/13/prices-of-food-items-cooking-gas-rise-in-kaduna-after-nationwide-protest/#respond Tue, 13 Aug 2024 07:51:39 +0000 https://nairametrics.com/?p=495674 In the wake of recent nationwide hunger protests, prices of cooking gas and food items have surged dramatically in Kaduna.

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]]> https://nairametrics.com/2024/08/13/prices-of-food-items-cooking-gas-rise-in-kaduna-after-nationwide-protest/feed/ 0 495674 Nine firms purchase $25.76 million from CBN’s retail Dutch auction to repay loans  https://nairametrics.com/2024/08/12/nine-firms-purchase-25-76-million-from-cbns-retail-dutch-auction-to-repay-loans/ https://nairametrics.com/2024/08/12/nine-firms-purchase-25-76-million-from-cbns-retail-dutch-auction-to-repay-loans/#respond Mon, 12 Aug 2024 18:27:53 +0000 https://nairametrics.com/?p=495663 The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction on August 6, 2024, where nine companies purchased a combined total of $25.76 million to meet their loan repayment obligations.  

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]]> https://nairametrics.com/2024/08/12/nine-firms-purchase-25-76-million-from-cbns-retail-dutch-auction-to-repay-loans/feed/ 0 495663 FCCPC blames disproportionate pricing of imported goods among retailers for inflation  https://nairametrics.com/2024/08/12/fccpc-blames-disproportionate-pricing-of-imported-goods-among-retailers-for-inflation/ https://nairametrics.com/2024/08/12/fccpc-blames-disproportionate-pricing-of-imported-goods-among-retailers-for-inflation/#respond Mon, 12 Aug 2024 13:06:28 +0000 https://nairametrics.com/?p=495640 The Federal Competition and Consumer Pricing Commission (FCCPC) has stated that disproportionate pricing of imported goods mostly among retailers is mostly responsible for inflation in consumer goods in the country.

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]]> https://nairametrics.com/2024/08/12/fccpc-blames-disproportionate-pricing-of-imported-goods-among-retailers-for-inflation/feed/ 0 495640 Dangote Refinery, others raise local crude requirements to 597,700 barrels per day amid tight supply https://nairametrics.com/2024/08/12/dangote-refinery-others-raise-local-crude-requirements-to-597700-barrels-per-day-amid-tight-supply/ https://nairametrics.com/2024/08/12/dangote-refinery-others-raise-local-crude-requirements-to-597700-barrels-per-day-amid-tight-supply/#respond Mon, 12 Aug 2024 11:15:02 +0000 https://nairametrics.com/?p=495631 Crude oil producing companies in Nigeria are expected to supply Dangote refinery and other local refineries about 597,700 barrels per day (bpd) of crude in the next five months to meet local demands.  

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]]> https://nairametrics.com/2024/08/12/dangote-refinery-others-raise-local-crude-requirements-to-597700-barrels-per-day-amid-tight-supply/feed/ 0 495631 Nigerian states spend N139.92 billion servicing external debt in first six months of 2024  https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/ https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/#respond Mon, 12 Aug 2024 05:12:18 +0000 https://nairametrics.com/?p=495608 Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024. 

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]]> https://nairametrics.com/2024/08/12/nigerian-states-spend-n139-92-billion-servicing-external-debt-in-first-six-months-of-2024/feed/ 0 495608 Top 8 CEOs behind most capitalized Health Care Companies in Nigeria  https://nairametrics.com/2024/08/11/top-8-ceos-behind-most-capitalized-health-care-companies-in-nigeria/ https://nairametrics.com/2024/08/11/top-8-ceos-behind-most-capitalized-health-care-companies-in-nigeria/#respond Sun, 11 Aug 2024 11:08:38 +0000 https://nairametrics.com/?p=495581 Nigeria’s healthcare sector comprises several subsectors, including healthcare manufacturing, pharmaceuticals, hospitals, and laboratories. 

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]]> https://nairametrics.com/2024/08/11/top-8-ceos-behind-most-capitalized-health-care-companies-in-nigeria/feed/ 0 495581