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Thursday, 21st June, 2018
 Business News:
Nigeria: (Jun 09, 2018) - The General Manager, Corporate Communications of Eko Electricity Distribution Company (EKEDC) Mr Godwin Idemudia has traced the power outage experienced by some of its customers on...
Nigeria: (Jun 07, 2018) - Prime Minister Malcolm Turnbull would “love” Facebook boss Mark Zuckerberg to be grilled by Australian lawmakers, he said Thursday, in the wake of revelations the tech giant...
Nigeria: (May 30, 2018) - The lifeless body of a 39-year-old employee on Steve Harvey';s radio show, Bryan Cooke was discovered in his hotel room by one of Steve';s famous co-hosts.   According to the incident...
Nigeria: (May 29, 2018) - The Country Marketing Manager, Google, Affiong Osuchukwu said Google is set to dispense $2m worth of grant to non-profits in Nigeria through its newly launched Impact Challenge. Osuchukwu...
Nigeria: (May 21, 2018) - The statement which was released about the currency- swap deal between Nigeria and China has compelled speculators to make last minute plans to wreak havoc on the naira before the deal...
Nigeria: (May 21, 2018) - Central Bank of Nigeria (CBN), after two years of engagement has finally executed the currency swap agreement with the Peoples Bank of China (PBoC). It was a $2.5 billion or Renminbi...
Nigeria: (May 20, 2018) - Aliko Dangote, billionaire businessman, says he wants to be known as the biggest philanthropist in Africa. Dangote said this at the weekend during the inauguration of the foundation’s...
Nigeria: (May 18, 2018) - The Executive Director, Operations of Elephant Group Plc Akin Ogunbiyi, has revealed that, the company has acquired more than 30,000 rice paddy for processing as the company keys into...
Nigeria: (May 17, 2018) - The oil price has increased above 80 dollars per barrel for the first time in three-and-a-half years amid simmering global tensions over Iran. Brent crude has been rising in recent...
Nigeria: (May 16, 2018) - State governors have accused the Nigerian National Petroleum Corporation (NNPC) of fraudulently doubling the nation’s daily petrol consumption from about 30 million to 60 million...
Nigeria: (May 16, 2018) - The Central Bank of Nigeria (CBN), has appealed to Nigerians not to abuse or mutilate the naira as it remains a national pride and identity symbol. The Deputy Governor, Corporate...
Nigeria: (May 14, 2018) - The much talk about and profitable trading in cryptocurrencies has finally collapsed as Reserve Bank of Zimbabwe stopped local banks from trading or processing their payments. The...
Nigeria: (May 14, 2018) - Apple is at the edge of becoming the first $1 trillion publicly listed among U.S. Company, but if it gets there, it could soon be overtaken as Amazon.com surges from behind. Started...
Nigeria: (May 14, 2018) - Emzor Pharmaceuticals Industrial Limited, one of the companies implicated in the illegal manufacture and distribution of codeine-contained syrup has broken its silence. The National...
Nigeria: (May 09, 2018) - Central Bank of Nigeria (CBN) has pumped $210 into the market to boost the inter-bank Foreign Exchange. The Bank again on Tuesday offered the sum of $100 million to authorized dealers...
Nigeria: (May 08, 2018) - Emzor Pharmaceutical Nigeria Limited has reacted to the closure of its production site by the National Agency for Food and Drug Administration and Control, NAFDAC. According to the...
Nigeria: (May 08, 2018) - The International Monetary Fund (IMF) on Tuesday said that Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, in spite...
Nigeria: (May 07, 2018) - Access Bank Plc has revealed that its ‘W’ Academy, in partnership with the Enterprise Development Centre (EDC) of the Lagos Business School (LBS), recently organized a professional...
Nigeria: (May 05, 2018) - Bayelsa State Governor, the Honourable Henry Seriake Dickson at the recent Oloibiri Round Table which held at the ongoing Onshore Technology Conference (OTC) in Houston, USA, said investing...
Nigeria: (May 05, 2018) - The naira may ease against the United States dollar next week at the Central Bank of Nigeria ’s Investors and Exporters Foreign Exchange Window due to increased demand as companies...
Nigeria: (May 03, 2018) - China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion). The People’s Bank...
Nigeria: (May 02, 2018) - The recent Central Bank of Nigeria’s (CBN) announcement that the chairmen and chief executives of any licensed bank who fail to publish their financial statements will face sanction...
Nigeria: (May 01, 2018) - The CEO/co-founder of WhatsApp, Jan Koum is leaving the company over disagreements about privacy and encryption. Jan Koum will also step down from Facebook’s board of directors,...
Nigeria: (May 01, 2018) - As of April 2017, the total external debt position of Nigeria was $ 11.41bn (up by $ 2 .4 bn from the position of $9 bn it was when the current FG took over power in 2015). Fast forward...
Nigeria: (May 01, 2018) - The Central Bank of Nigeria (CBN) has rolled out a new set of penalties for organisations that flout its Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) rules. The...
Nigeria: (Apr 30, 2018) - The idea of “entrepreneurship” is not entirely new to Nigeria. Within the last 10 years, there has been a rise of small and medium enterprises. Many have since moved on...
Nigeria: (Apr 29, 2018) - A non-governmental organization has called on the acting chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Magu, to probe the N10 billion scandal involving...
Nigeria: (Apr 28, 2018) - The Ekiti State Governor , Ayodele Fayose, has said that the clamour for an increase in minimum wage cannot be ignored , especially as the increase in prices of goods and services have...
Nigeria: (Apr 27, 2018) - The Central Bank of Nigeria (CBN), has decided to peg the maximum transfer from mobile phones using short codes at N100,000. According to a statement from the director,...
Nigeria: (Apr 27, 2018) - The organised labour on Thursday in Lagos asked for a new minimum wage of N 66,500 for all workers in the country . The organised labour made the demand at the ‘Public Hearing...
Nigeria: (Apr 26, 2018) - Bayelsa State Government in Thursday said that it had prevented payment of huge amount of money to payroll fraudsters in its local government councils totaling N3.912 bn annually as...
Nigeria: (Apr 26, 2018) - Bayelsa State Government says, it has lost over N7.04 billion in the last 2 years to a syndicate of payroll fraudsters in the local government councils. Speaking during a joint press...
Nigeria: (Apr 26, 2018) - The Director General of International Institute of Tropical Agriculture (IITA) Dr Nteranya Sanginga, has revealed that agribusiness helps to transform African agriculture. He made...
Nigeria: (Apr 25, 2018) - The Federal Government allotted N90 billion in its April auction, the Debt Management Office (DMO) said on Wednesday. The auction result obtained from DMO’s website in Abuja,...
Nigeria: (Apr 24, 2018) - The Central Bank of Nigeria (CBN) has stepped into the inter-bank sector of the Foreign Exchange market, yet again, intervening in the wholesale segment and other sectors of the market...
Nigeria: (Apr 24, 2018) - The United State (US) home sales has increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market...
Nigeria: (Apr 23, 2018) - Billionaires Femi Otedola and Aliko Dangote were present at UBA’s award night to support their friend, Chairman of UBA Tony Elumelu . Otedola shared a photo of the 3 of them...
Nigeria: (Apr 21, 2018) - You don’t have to buy a new car when your Kickstarter, Shock Absorber, Gear box, carburettor and all of that packs up, all you need to do is get the spare part and not just any,...
Nigeria: (Apr 21, 2018) - Owners of Remita, SystemSpecs, software infrastructure which facilitates payment into Nigeria’s Treasury Single Account (TSA), will fly the Nigerian flag alongside representatives...
Nigeria: (Apr 20, 2018) - The equities market tumbled by N41 billion this week following losses recorded by a total of 33 companies. But market pundits have said that the market would close positive next week...
Nigeria: (Apr 20, 2018) - The Lagos State Government on Friday said that at least 18, 184 women and youths were trained in various vocations at the 17 free skills acquisition training centres across the State...
Nigeria: (Apr 20, 2018) - An improvement in Nigeria’s oil earnings is on course as prices held today near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand,...
Nigeria: (Apr 20, 2018) - The Women Entrepreneurs Finance Initiative (We-Fi) thursday announced its first funding allocations — expected to mobilise over $1.6 billion in additional funds from an allocation...
Nigeria: (Apr 20, 2018) - Cassava products are in very high demand all over the world for the production of various products and compounding of animal feeds. The advent of global warming has put cassava on the...
Nigeria: (Apr 20, 2018) - The United Kingdom here on Thursday announced a new investment of £140 million for Pakistan and Nigeria as they joined 53 nations in London for the Commonwealth Heads of Government...
Nigeria: (Apr 19, 2018) - Nigeria’s President Muhammadu Buhari says Commonwealth countries can improve business within the group and generate resources for sustainable development by facilitating trade...
Nigeria: (Apr 19, 2018) - This was contained in a statement made available to journalists at the on going 2018 Spring Meetings in Washington DC by EIB’s Anne-Cécile Auguin and AfDB’a Emeka...
Nigeria: (Apr 18, 2018) -   CENTRAL Bank of Nigeria (CBN) on Wednesday continued its intervention in the inter-bank sector of the Foreign Exchange market by injecting another $210million to meet the requests...
Nigeria: (Apr 18, 2018) - The market capitalisation of listed equities on the Nigerian Stock Exchange (NSE) rose by N93bn yesterday as 33 stocks led by Unity Bank Plc, Oando Plc and Skye Bank Plc recorded...
Nigeria: (Apr 18, 2018) -           Mobile Money as a financial product is inherently a fast moving consumer good, which Nigerian banks are ill-equipped to market and promote, Andrew...
Nigeria: (Apr 17, 2018) - A commercial bank has commenced a free eye surgery for 400 people affected by cataract in Kebbi and Cross River States. Abdullahi Mainasara, the North West Zonal Head of First City...