The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was…
Category: Business
Read the recent business news in Nigeria and across the globe from Guardian Newspaper including analysis on financial market
NNPC targets gas production surge to 3bn scuf daily
The Nigerian National Petroleum Corporation (NNPC) has heightened the hunt for investments as it declared plans…
NEMA ex-director seeks special salary for emergency workers
A former Deputy Director, Planning, Research and Forecasting of the National Emergency Management Agency (NEMA), Iyiola…
Nigerians to pay more for electricity consumption
The Federal Government through the Nigerian Electricity Regulatory Commission has increased the tariff payable by power…
South African consumer inflation slows to 4% in July
Johannesburg, Aug. 21, 2019 South Africa’s headline consumer inflation slowed to 4.0% year-on-year in July, its…
Stock Exchange resumes bear run
Investors’ sentiment was positive for most of yesterday’s trading even as late sell-offs on MTNN led to…
NSE indices record 0.21% loss
Inspite of improved market breadth, the Nigerian Stock Exchange (NSE) market indices shed 0.21 per cent…
Naira exchanges at N359 to dollar at parallel market
The Naira on Monday traded at N358.6 to the Dollar at the parallel market in Lagos.…
NSE lists Greenwich Alpha ETF
The Nigerian Stock Exchange (NSE), yesterday, announced the listing of the Greenwich Alpha ETF (Greenwich Alpha) by…
GSPA Deal: $9bn Judgment’ll have impact on monetary policy –CBN
The Central Bank of Nigeria (CBN), yesterday, disclosed that the $9 billion British Court Judgment in a…
Corruption: World Bank blacklists six Chinese firms in Nigeria
The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and…
S’West tops domestic debtors’ list with N1.04tn
The South-West has more domestic debt than other regions of the country. Statistics obtained from the…
NNPC names 15 successful consortia for crude oil lifting
The Nigerian National Petroleum Corporation (NNPC) has shortlisted a total of 15 consortia made up of reputable…
Bill and Melinda Gates Foundation audit team commends Seed Council
An independent audit team sent by the Bill and Melinda Gates Foundation, to audit its cassava…
NSE: Market indicators dip further by 0.47%
Transactions on the floor of Nigerian Stock Exchange (NSE) declined profile on Friday with crucial market…
Nigeria is losing trillions to corruption, say forensic experts
Forensic experts yesterday alleged growing cases of fraud, cybercrime and corruption in the country despite government’s…
Stock Prices’ Free Fall Widens Investment Opportunities
The Nigerian equity market is offering long-term investors opportunities to invest as most of the stock…
FG’ll open power market to new investors – Osinbajo
The Federal Government is creating policies that will open up the nation’s electricity market to new…
Access Bank Introduces Loan For Smartphone Purchase
Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get…
FG bans forex for food importation
Omodele Adigun, Juliana Taiwo-Obalonye, Louis Ibah and Wale Sanyaolu President Muhammadu Buhari, yesterday directed the Central Bank of Nigeria…
Union Bank unveils initiative to boost innovation
The EdTech Challenge is the third of the yearly Innovation Challenge, which aims to discover, showcase…
Equities Market Sheds N158bn, Records Sixth Consecutive Weekly Decline
The downtrend at the stock market continued last week, leading to a sixth consecutive negative close. …
AFDB empowers 20,000 Nigerian farmers
As part of its efforts to reduce poverty, create employment opportunities for Nigerians, the African Development Bank…
CBN Milk Policy: Need For Backward Integration For Growth
As a nation that has a population growth rate of more than three per cent and…
Dangote Refinery suffers supply hiccups: Completion shifted till 2020
Africa’s largest oil refinery will not be finished until the end of 2020 due to problems…
EEDC laments continuous assault on field staff in South-East
The Enugu Electricity Distribution Company (EEDC) has cried out over continuous assault on its field staff,…
AfDB offers AU $5m grant for AfCFTA implementation
The take off of the African Continental Free Trade Area (AfCFTA) got a notch better yesterday,…
Nigeria defies cuts as OPEC output slumps to five-year low
Organisation of the Petroleum Exporting Countries (OPEC), has pumped its fewest barrels in more than five…
Fidelity Bank Rewards 190 Loyal Customers
Fidelity Bank Plc has doled out over N74 million as cash reward to 190 customers in…
Ex-staff slams N4bn suit on ExxonMobil over forceful retirement
The National Industrial Court in Ikoyi, Lagos, Southwest Nigeria has dismissed the objection filed by a…
FG begins sale of 2, 3 year savings bonds at 10.301%, 11.301% for August
The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year…
Access Bank plans N30bn 15.5% tier-2 bond
Access Bank has said it is planning to list a N30 billion Tier-2 bond on the floor…
Lagos begins sales of Lake Rice for Eid celebration
The Lagos State Government on Monday commenced the sales of its popular brand of rice, Lake…
Fuel Station Available For Sale In Umunze Orumba Anambra State
FUEL STATION AVAILABLE FOR SALE Location :umunze Orumba Description Space 3 Plots of Land 4 computer…
Flint CEO of HSBC departs
HSBC on Monday said its Group Chief Executive John Flint had stepped down as the bank…
No plan to relocate NGC outside N’Delta, NNPC assures
The Nigerian National Petroleum Corporation (NNPC) says it has no plan to relocate its subsidiary, Nigerian Gas…
Disbursement of Shell’s N2.45bn stirs crisis in Bonny
The disbursement of over N2.45bn paid to Bonny kingdom by Shell for its operations of its…
Zenith Bank upgrades mobile banking application
Zenith Bank says it has upgraded its mobile banking application to ensure its services are more…
Stay Healthy And Make Extra Cash Today
*LET’S HELP SAVE LIVES* Do you know someone who is Suffering from any of these, or…
FAO stresses need to achieve zero hunger, malnutrition
Food Agricultural Organisation (FAO) UN has stressed the need to achieve zero hunger and malnutrition by…
Glo pays N2.6bn interconnect debt to MTN
MTN Nigeria has received N2.6bn part-payment of interconnect debt from Globacom, sources familiar with the issue…
FG plans to establish more dry ports
The Director General (DG) Infrastructural Concession Regulatory Commission (ICRC), Mr Chidi Izuwah says the Federal Government…
MTN To Convert Recharge Card Sellers To Financial Services Agents
The management of MTN Nigeria Communications Plc has confirmed securing an approval from the Central Bank…
Concerns Mount over Africa’s Domain Name Registration
The Nigeria internet Registration Association (NiRA), has raised concern over the low figures recorded in domain…
9mobile Partners Gravitas on Fibre Deployment Deal
9mobile has signed a business agreement with Gravitas, a property and infrastructure development company, to provide…
Dangote Refinery’s World Largest Atmospheric Tower Leaves China
A piece of equipment that will process crude oil for Dangote refinery has set sail from…
Oil firm demands $9.8m from Emeka Offor’s Kaztec
Seawolf Oil Services Limited alongside its receiver/manager Mr Michael Igbokwe SAN has dragged Chief Emeka Offor’s…
CBN injects $284.2m, CNY36m into retail secondary market
The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market…
MTN Nigeria posts 566.95bn revenue in six months
MTN Nigeria Communications Plc on Friday released its unaudited result for the six months ended June…
Boeing loses $3bn in Q2 from 737 MAX impact
U.S. top aircraft manufacturer Boeing Company has posted a loss of about 3 billion U.S. dollars…