Business Archives - The Cheer News

Dangote to build 6 Mta cement plant in Itori, largest Seaport at Olokola, also in Ogun state

EDITORMarch 17, 2025

by EDITORMarch 17, 20250167

… lauds Gov Abiodun’s Vision, Policies on attracting investment to Ogun State Africa’s foremost Industrialist and President of the Dangote Industries Limited, Aliko Dangote, has...

Nigeria’s Fintech Sector at Risk: Experts Urge Stronger Regulations to Curb Security Threats

EDITORMarch 17, 2025March 17, 2025

by EDITORMarch 17, 2025March 17, 20250136

By DAYO ADESULU Nigeria’s fintech sector is experiencing remarkable growth, driven by increased smartphone usage, digital banking, and evolving regulations. However, security vulnerabilities, regulatory gaps,...

Banks Brands Business

TAJBank to Raise N20 Billion Mudarabah Sukuk Bond for Expansion

EDITORMarch 17, 2025

by EDITORMarch 17, 2025065

TAJBank, Nigeria’s leading non-interest financial institution, is set to raise N20 billion Mudarabah Sukuk Bond as part of its strategic plan to boost capital and...

Brands Breaking News Business

Aliko Dangote Foundation Launches N16 Billion 2025 National Food Intervention Project

EDITORMarch 14, 2025

by EDITORMarch 14, 2025092

Aliko Dangote Foundation Kicks Off Nationwide Food Distribution Over one million Nigerians across the country will benefit from the Aliko Dangote Foundation (ADF) 2025 National...

Breaking News Business

Lawmakers Reject VAT Increase to 15% in New Tax Reform Bills

EDITORMarch 14, 2025March 14, 2025

by EDITORMarch 14, 2025March 14, 20250108

House of Reps Maintains VAT at 7.5%, Rejects Proposed Increase to 15% by 2030 The Nigerian House of Representatives has voted to retain the Value...

Brands Business

MTN Nigeria Reports N400.44bn Loss in 2024 Amid Naira Devaluation

EDITORFebruary 28, 2025February 28, 2025

by EDITORFebruary 28, 2025February 28, 20250288

By DAYO ADESULU MTN Nigeria financial report for the year ended December 31, 2024, has revealed a staggering post-tax loss of N400.44bn, driven primarily by...

Breaking News Business Energy

Power Minister Moves to Regularise Electricity Tariffs for Fairer Pricing

EDITORFebruary 27, 2025

by EDITORFebruary 27, 2025097

Nigeria”s electricity minister has unveiled plans to implement electricity tariff regularisation in Nigeria, aimed at addressing disparities in the current billing structure while stimulating investment...

Business ECONOMY Energy

Nigeria’s Lithium Boom: Promise, Perils, and the Role of Foreign Investors

EDITORFebruary 6, 2025

by EDITORFebruary 6, 20250397

By DAYO ADESULU The Rise of Artisanal Lithium Mining in Nigeria In the heart of Nasarawa State, 31-year-old Abdullahi Ibrahim Danjija chips away at lithium-rich...

Business

Oil Marketers Dump NNPCL Franchise as Dangote Refinery Disrupts Fuel Market

EDITORFebruary 5, 2025

by EDITORFebruary 5, 20250204

By DAYO ADESULU Lagos, Nigeria – A major shift is occurring in Nigeria’s petroleum sector as independent oil marketers are dropping their NNPCL franchise agreements...

Business Telecommunication

9mobile Faces Subscriber Crisis as Thousands Switch Networks

EDITORFebruary 3, 2025

by EDITORFebruary 3, 20250391

By DAYO ADESULU Over 6,000 Subscribers Leave 9mobile in Two Months Nigeria’s fourth-largest mobile network operator, 9mobile, is experiencing a significant decline in its subscriber...