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Tuesday, 21st August, 2018
 Business News:
Nigeria: (Aug 20, 2018) - The National Bureau of Statistics (NBS) says a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the second quarter. The NBS...
Nigeria: (Aug 18, 2018) - The Chairman, Nigerian Ports Consultative Council (NPCC), Kunle Folarin, says Nigeria controls 70 per cent of cargo traffic of West and Central Africa. Mr Folarin made this known...
Nigeria: (Aug 17, 2018) - Hundreds of Google employees have signed a protest letter over the company’s reported work on a censor-friendly search engine to get back into China, on Thursday. The employees...
Nigeria: (Aug 17, 2018) - The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and manufacturing sectors, its Director of Banking Supervision,...
Nigeria: (Aug 15, 2018) - The Federal Government has announced the reconstitution of the Board of Directors of Nigeria Bulk Electricity Trading Company (NBET). This is confirmed in a statement issued by the...
Nigeria: (Aug 15, 2018) - The Central Bank of Nigeria (CBN) said the currency swap agreement recently reached with the People’s Bank of China (PBoC), will not cover the importation of substandard goods...
Nigeria: (Aug 15, 2018) - South Korea Transport Ministry on Tuesday said it would ban some 20,000 BMW vehicles from the streets amid mounting public fears about the engines catching fire. The driving ban comes...
Nigeria: (Aug 13, 2018) - The Board of the Federal Mortgage Bank of Nigeria (FMBN) has approved the implementation of a new ‘Rent-To-Own Housing Scheme’ aimed at making home ownership more accessible...
Nigeria: (Aug 13, 2018) - Iran is currently selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Monday. The “informed...
Nigeria: (Aug 10, 2018) - Some shareholders of Etisalat (now 9Mobile) have kicked against the sale of the firm in view of a pending case before the Federal High Court in Abuja. The Central Bank of Nigeria...
Nigeria: (Aug 09, 2018) - Naira on Wednesday lost one kobo to exchange at N358.4, weaker than N358.3 traded on Tuesday at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Pound...
Nigeria: (Aug 07, 2018) - Facebook has denied reports that it is actively asking banks for details of users' financial transactions. The statement follows a story in the Wall Street Journal that said...
Nigeria: (Aug 06, 2018) - Nigeria’s frontline scheduled and charter airline, Overland Airways, at the weekend, revealed it plans to begin flight services from Lagos to Cotonou, Republic of Benin and Lome,...
Nigeria: (Aug 01, 2018) - Jigawa State governor, Alhaji Muhammadu Badaru has said, with the development of renewable energy, oil will soon become a thing of the past. He however said that, the only alternative...
Nigeria: (Aug 01, 2018) - Ghana has recently introduced tax payment on luxury vehicles and the collection of the taxes would commence on Wednesday, (today), August 1. According to a statement issued by the...
Nigeria: (Jul 31, 2018) - The Rice Farmers Association of Nigeria (RIFAN), Adamawa state chapter reports it optimistic of bumper harvest in the 2018 crop season, following successful implementation of the National...
Nigeria: (Jul 29, 2018) - The Nigeria  Debt Management Office (DMO), says only three corporate entities accessed the domestic bonds market in 2017 with a total issuance of N23.15 billion. This is according...
Nigeria: (Jul 25, 2018) - The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, on Tuesday, July 24, 2018, warned the Federal Government to learn to save heavily from current improved crude...
Nigeria: (Jul 20, 2018) - Twitter, Inc. (NYSE: TWTR) today announced the appointments of Ngozi Okonjo-Iweala and Robert Zoellick to Twitter’s Board of Directors (the “Board”) as new independent...
Nigeria: (Jul 18, 2018) - On Tuesday Forbes released the list of Africa richest persons for the year 2018. These men have distinguished themselves in various sector of the economy ALIKO DANGOTE For...
Nigeria: (Jul 16, 2018) - Building solutions provider, Lafarge Africa Plc., has compensated its customers and main distributors for their performances so far in the year. According to the firm, at an event...
Nigeria: (Jul 16, 2018) - Asset Management Corporation of Nigeria (AMCON) has confiscated Sigma Apartments due to failure of its owners, Sigma Engineering & Construction Limited to refund N1 billion...
Nigeria: (Jul 16, 2018) - United Bank for Africa Plc. has been positioned as Africa’s best bank in the digital category at the prestigious Euromoney awards in London.  The award affirms the...
Nigeria: (Jul 16, 2018) - Nigeria Bottling Company (NBC) bottlers of Coca Cola has disclosed that it will continue to invest in glass bottles as content container for its brands as it is more environmentally...
Nigeria: (Jul 16, 2018) - Shareholders of 11PLC (formerly Mobil Oil Nigeria Plc) have ratified N2.6billion for payment as dividend translating to 800 kobo per share for its investors for the financial year ended...
Nigeria: (Jul 16, 2018) - The Lagos Chamber of Commerce and Industry has expressed concerns over plans to enforce excise duty on basic consumer goods. The Federal Government recently commenced the enforcement...
Nigeria: (Jul 16, 2018) - The management of China National Offshore Oil Corporation has stated its readiness to invest additional $3bn in its existing stakes in offshore oil and gas operations in Nigeria. According...
Nigeria: (Jul 14, 2018) - The International Monetary Fund (IMF) has revealed that Nigeria’s economic outlook for 2018 is still challenging as private sector lending remains low and foreign exchange inflows...
Nigeria: (Jul 14, 2018) - The Federal Inland Revenue Service (FIRS) has gathered N2.529 trillion from various taxes from January to June 2018. The amount shows that the Service had realized 75%...
Nigeria: (Jul 13, 2018) - Mahindra & Mahindra Limited with its channel partners in Nigeria, Springfield Agro Ltd., and VIP Merchandise Enterprise Ltd. have revealed its strategies for scaling up and expanding...
Nigeria: (Jul 13, 2018) - This is the third time in a month that the Federation Account Allocation Committee meeting, which was to deliberate as well as approve revenue allocation among the three tiers of government...
Nigeria: (Jul 13, 2018) - The Senate on Thursday disclosed that it would soon sanction the Asset Management Corporation of Nigeria (AMCON) to announce names of the defaulters responsible for 80 percent of its...
Nigeria: (Jul 13, 2018) - The Lagos State governor, Akinwunmi Ambode and Senator Oluremi Tinubu have applauded the establishment of a new ultra-modern furniture factory “Home and You Limited” in...
Nigeria: (Jul 12, 2018) - The Managing Director, Federal Airports Authority of Nigeria, Mr Saleh Dunoma, has disclosed that the new terminal building under construction at the Nnamdi Azikiwe International Airport,...
Nigeria: (Jul 12, 2018) - The $5.1bn joint venture cash call disagreement between the Federal Government and international oil companies functioning in Nigeria is over, the IOCs have disclosed. In 2016, the...
Nigeria: (Jul 12, 2018) - Akwa Ibom State Governor, Udom Emmanuel, has revealed plans to increase rice production in the state with the advent of a 1.5 million metric tonnes of rice mill due for commissioning...
Nigeria: (Jul 12, 2018) - To encourage stakeholders who are willing to invest in the State, Abia State government has ratified categories of tax waivers to of which will in addition check the alleged illegitimate,multiple...
Nigeria: (Jul 12, 2018) - The Vice President of Nigeria,Professor Yemi Osinbajo has recommended the strengthening of sound entrepreneurship training from Primary schools to boost the capacity of Nigerians in...
Nigeria: (Jul 12, 2018) - Danvic Petroleum International Corporation has revealed plans to inaugurate a privately owned Petroleum Institute/University to bridge the skill gap in the Nigeria’s oil and gas...
Nigeria: (Jul 12, 2018) - The Nigerian National Petroleum Corporation, Shell, Total and Eni have endorsed the front-end engineering design contract of the Train 7 of the Nigeria Liquefied Natural Gas Limited. The...
Nigeria: (Jul 12, 2018) - Representatives of Austria, Germany and Switzerland have reaffirmed commitment to increase business activities and workforce in Nigeria, following the latest ranking by the World...
Nigeria: (Jul 12, 2018) - The Federal Government on Wednesday authorized contracts totalling about N358bn for roads, bridges and power at a meeting of the Federal Executive Council meeting presided over by...
Nigeria: (Jul 11, 2018) - The OPEC cartel on Wednesday cautioned that global trade tensions could have a negative impact on the oil market by reducing the demand for crude. In its monthly report, the Organization...
Nigeria: (Jul 11, 2018) - A Nigerian firm, International Limited, has said it will spend over N98billion ($273million) on strengthening local content and human capacity development in the country, particularly...
Nigeria: (Jul 11, 2018) - The World Bank and Central Bank of Nigeria (CBN) have started collaborations in efforts to review the current Land Use Act laws and create enabling environment for the mortgage activities...
Nigeria: (Jul 11, 2018) - The President of StarTimes Group, Mr. Pang Xinxing has stressed on the new stage of development for China-Africa radio and television cooperation at the eighth edition of the annual...
Nigeria: (Jul 11, 2018) - The Advertising Practitioners Council of Nigeria (APCON) has started its 2018 training seminars for practitioners The theme of the seminar tagged: Effective Advertising Consultancy...
Nigeria: (Jul 11, 2018) - The United Kingdom's data protection watchdog intends to fine Facebook £500,000 for data breaches which is the maximum allowed. The Information Commissioner's Office...
Nigeria: (Jul 11, 2018) - The Edo State Civil Society Organisations have commended the directive by the Federal Government to the Nigerian Electricity Regulatory Commission to order the distribution companies...
Nigeria: (Jul 11, 2018) - The National Oil Corporation on Wednesday revealed that Libya is resuming oil exports from its eastern production heartland, after a row between the war-torn country’s rival authorities. The...
Nigeria: (Jul 11, 2018) - The disagreement between truck drivers and officials of the Nigerian Navy and the Nigerian Ports Authority is triggering serious congestion at the ports, with thousands of containers...