Lagos State government has said by the first quarter of next year, it would begin to…
Category: Business
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6 Million Nigerians join rice producers, says FG
Over three months after the closure of the nation’s borders, about six million Nigerians, including youths,…
NNPC subsidiary, IDSL’s revenues hit N32.133bn in 3 years
The revenues of Integrated Data Services Limited (IDSL), a subsidiary of the Nigerian National Petroleum Corporation…
Nigeria Earned $54.5bn From Crude Oil, Spent $54.6bn To Import Petroleum Products In 2018
Nigeria’s value of petroleum products imports was more than its exports in 2018, according to data…
An Umpire and Drive for Ports Efficiency
The nation’s shipping industry is one of conflict of interests. There is the interest of government,…
South Africa’s Rand Flat Aahead Of GDP Figures
South Africa’s rand was flat in early trade on Monday ahead of third quarter growth data…
Reform now to stop further slide into extreme poverty – World Bank to FG
The World Bank has said the number of Nigerians living in extreme poverty may increase by…
Dangote receives largest single-train crude refining equipment
The Dangote Oil Refinery Company, yesterday, took delivery of what it described as the world’s largest…
Banks’ capital adequacy ratio hits 15.5% – Emefiele
The Capital Adequacy Ratio(CAR)of the nation’s banks increased from 10.2 percent in December 2017 to 15.5…
Banks earned N180m to deposit N546b with CBN
The nation’s Deposit Money Banks (DMBs) opted to deposit a whopping N545.71 billion in the tills…
USSD: Telcos threaten to disconnect banks
Telecommunications operators in the country said they may be forced to disconnect the links that allow…
Nigeria Owes N25.7 Trillion – DMO
The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General…
Higher Revenue, Reduced Fuel Usage, Rice Production Are Gains Of Border Closure
The Federal Government has listed higher import revenue, lower domestic fuel consumption and increased rice production…
12 govs apply for $750m World Bank’s sustainability grant
Twelve state governors have forwarded their concurrence in respect of Draft Subsidiary Grant Agreement (SGA) to…
Capital inflow drops 7.78% Q3, 2019 – NBS
The total investment flow into Nigeria’s economy stood at $5.3 billion ($5,367.56 million) in third quarter…
CBN sells $11.49bn to BDCs in 10 months
The Central Bank of Nigeria (CBN) sold a total of $11.49 billion to the Bureaux De…
Zamfara: DPR cautions filling stations against supplying petrol to bandits
The Department of Petroleum Resources (DPR) has warned filling stations in Zamfara against supplying petroleum products to bandits. The Controller, Gusau DPR…
Nigerian selected among 10 startsup by Dubai Chamber of Commerce
A Nigerian, Mr Kenneth Obiajulu-Okonkwo, and five other Africans have been selected among 10 startups by…
SEC Chairman seeks exploration of non-oil sector
The Chairman of the board of the Securities and Exchange Commission (SEC), Mr Olufemi Lijadu, has stressed the…
Insure crops, farmlands in case of erosion, fire – extension agent advises
Farmers in Anambra have been advised to insure their crops and farmlands to avoid losses in case of…
Kwara Will Change Narrative on Ease of Doing Business
Piqued by the ranking of the Kwara State in the North central zone of the country…
Opay Gets Central Bank’s Approval For International Money Transfer Services
Akelicious reports that OPay, a provider of payment, a ride-hailing company, food delivery and loan services…
Court stops NAFDAC from releasing suspected dangerous chemical
A Federal High Court sitting in Lagos on Monday restrained the National Agency for Food and…
Jaiz Bank declares N1.25bn profit after tax
Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank has once again shown its capability of rounding…
NSE crucial market indicators end Friday with 0.03% growth
The Nigerian Stock Exchange (NSE) crucial market indicators closed trading on Friday with a marginal growth…
Dangote Group begins installation of Rice factory in Kebbi
Gov. Atiku Bagudu of Kebbi on Sunday commended Dangote Group for setting up a rice mill in the state, saying…
Oando 100k Shares In 2004 Dwindles To 11k In 2019
A Twitter user Onye Nkuzi laments over a 100k shares in Oando bought in 2004 that…
Nestle Nigeria Plc announces financial results for Q3 2019
Nestlé Nigeria Plc has announced its financial results for nine months period ending Sept. 30, 2019.…
Air Peace acquires new aircraft to boost operations
Nigerian airline, Air Peace has acquired a B737- 800NG to boost its domestic and regional operations…
Zenith Bank, Best Digital Bank, Says Agusto & Co
Zenith Bank Plc has emerged as the best digital bank in Nigeria in the 2019 Consumer…
FG Orders NCC To Reduce Costs Of Data In Nigeria
Price of mobile data services must go down, Minister of Communications and Digital Economy, Dr Isa…
Insurers to raise N50 billion fresh capital for recapitalisation
Out of the 58 insurance companies in the nation’s economy, seven have reached to their investors…
AfDB Approves Capital Boost $208bn
The African Development Bank’s (AfDB) board recently approved a 125 per cent capital increase to $208…
Countries Must Adhere to Rule-based Trade under AfCTA – Zainab Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday urged African countries, particularly…
FG to support Dangote Refinery with crude oil feedstocks
The Federal Government says it will support the 650,000 barrels per day capacity Dangote Refinery and…
Glo records 2m new customers, regains 2nd position
National telecommunications operator, Globacom, has emerged the preferred network for 2 million new subscribers in Nigeria…
Dangote Refinery starts production early 2021
Nigeria’s Dangote refinery, which is being built privately by Africa’s richest man, will be ready for…
Samsung profits in Q3 slump over 50%
Samsung Electronics, the world’s largest smartphone and memory chip maker, saw net profits slump by more…
Arik Air not suitable for national carrier –FG
The Federal Government on Wednesday, dismissed calls for Arik Air to be converted into a national carrier…
Lekki Phase 1 To Get A World-class Boost With The Addition Of Admiralty Mail
The retail and shopping space in Lekki phase 1 is set to get a boost with…
NEITI: Nigeria Earned N52.8bn from Solid Minerals in 2017
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria’s solid minerals sector contributed the…
Access Bank’s profit rises by 44.23% in Q3
Access Bank Plc has recorded growth at the end of its third quarter financial result as…
University pension nets N12.5b in two years
The Nigerian University Pension Management Company Limited (NUPEMCO) has a net contribution of N12.5 billion from university…
FG won’t borrow from international debt markets – DMO
The Debt Management Office has said the Federal Government will not tap international debt markets for…
NNPC Signs MoU With Russian Oil Company, Lukeoil
Nigeria and Russia Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will…
Saudi Wants Obedience From Nigeria To Help Improve Petroleum Prices
Sources in Saudi Arabia have told Reuters that they want Nigeria and Iraq to observe 100 per cent…
MTN Will Still Go Ahead To Charge Customers For USSD – Official
Despite directives from the Federal Government yesterday to suspend its plan to charge its customers for…
Nigeria attracted $14bn foreign investments in H1 2019
Foreign investments inflows into Nigeria climbed to $14billion in half year 2019, signalling upswing in investors’ confidence,…
FG earmarks $1.61bn for 24-hour power supply
The Federal Government in collaboration with international donor agencies has set aside over $1.61 billion to ensure…
NNPC reiterates commitment to deliver value in oil and gas sector
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to deliver value across the entire…
GTBank posts N147bn Q3’19 PAT
Guaranty Trust Bank Plc has reported profit after tax of N147.989 billion for the nine months…
Nigeria owed N25.7 trn debt as at June 30 — DMO
The Debt Management Office (DMO), says as at June 30, Nigeria owes N25.7 trillion in debt both domestically…
Nigerians happy with border closure -Buhari
President Muhammadu Buhari has said Nigerians were happy with the decision of the government to close all…
See How border closure can benefit Nigeria’s economy
A Professor of Rural Sociology, Kolawole Adebayo, says Nigeria will benefit from the recent border closure…
South East traders renew call on Buhari for partial border closure
South East Amalgamated Markets Traders Association (SEAMATA) yesterday renewed its appeal on President Muhammadu Buhari to…
Air India becomes first airline to use Taxibot
India’s official carrier Air India on Tuesday became the first airline in the world to use…
NSE Market Indices Rebound by 0.09%
The Nigerian Stock Exchange (NSE) crucial market indicators rebounded by 0.09 per cent on renewed bargain…
Nigeria’s current condition shameful,unacceptable –Anambra farmer
Renowned multipurpose farmer in Anambra State, Prince Ugochukwu Okpalaeke, has said the failure of a country like Nigeria…
Govt receives 19 applications for tax holiday
The Federal Government has received 19 applications for tax incentive under the Industrial Development Income Tax…
Vodacom Scoops Multiple Awards
Vodacom Business Nigeria received multiple awards at the just concluded 3rd Nigeria Tech Innovation and Telecom…