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 Business News:
Nigeria: (Feb 24, 2017) - The federal government is yet to pay over N300 billion subsidy claims of major oil marketers for fuel imports between 2014-2015, says Akin Akinfemiwa, group chief executive officer...
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Nigeria: (Feb 23, 2017) - The new foreign exchange policy actions introduced by the Central Bank of Nigeria (CBN) saw the naira extending its gains on the parallel market yesterday, appreciating significantly...
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Nigeria: (Feb 22, 2017) - Nigeria wants to borrow at least $1 billion from the World Bank and to sign within months for a $1.3 billion loan from China to fund railway projects, Finance Minister Kemi Adeosun...
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Nigeria: (Feb 18, 2017) - Owing to austerity measures in the county, Nigeria has dropped to the fourth position as China’s trade partner in Africa from its former second position, the Chinese Ambassador...
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Nigeria: (Feb 15, 2017) - Following the closure of 20,000 bank accounts belonging to Federal ministries, departments and agencies, about N5.244 trillion has accrued to the Treasury Single Account (TSA) of the...
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Nigeria: (Feb 14, 2017) - The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services (OAS) Helicopters in Lagos. This comes five days after the agency took over Arik...
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Nigeria: (Feb 14, 2017) - As part of measures to exit the current economic recession, the Federal Government, yesterday, unveiled plans to float a Savings Bond to mobilise more resources from the general public,...
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Nigeria: (Feb 12, 2017) - For Arik Air to come back to full operations, the management of the carrier needs to clean the Agean stable as they would require N10 billion to do so. This was the view of the new...
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Nigeria: (Feb 11, 2017) - Forty-five members of the UK parliament are suggesting that the country reconfigure its border control system to give preference to citizens from Commonwealth countries. Nigeria...
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Nigeria: (Feb 10, 2017) - Hundreds of passengers on Thursday escaped death when one of the tyres of a Dubai-bound Qatar Airways aircraft burst while it was attempting to take-off at the Murtala Muhammed International...
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Nigeria: (Feb 08, 2017) - Over the fine slammed on MTN by the Nigerian government, MTN Group expects to report a full-year loss due to a $1bn regulatory fine in Nigeria and for under-performance both in Nigeria...
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Nigeria: (Feb 06, 2017) - Goddy Egene writes that given the challenging environment, it is better for the Debt Management Office to begin strategising on how to successfully finance the deficit in the 2017 budget. All...
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Nigeria: (Feb 06, 2017) - Owing to their brand values, First Bank of Nigeria Limited, Zenith Bank Plc, Guaranty Trust Bank Plc (GTBank), United Bank for Africa (UBA) Plc and Access Bank Plc have been named among...
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Nigeria: (Feb 03, 2017) - In view of the recession Nigeria is experiencing, the Director-General, Standards Organisation of Nigeria (SON), Mr Osita Aboloma, has described quality assurance (QA) as a critical...
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Nigeria: (Feb 03, 2017) - The National Youth Council of Nigeria (NYCN), says it has mobilised no fewer than 15,000 Nigerian youths to welcome President Muhammadu Buhari at the Nnamdi Azikiwe International Airport...
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Nigeria: (Feb 02, 2017) - The Federal Executive Council (FEC) yesterday approved a new tax regime, just as it announced its intention to raise taxes on luxury goods. Also yesterday, the council constituted...
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Nigeria: (Feb 01, 2017) - Women for centuries have endured various forms of discrimination and prejudice. Many societies consider females inferior to males, as men are seen as more important figures, while women...
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Nigeria: (Jan 29, 2017) - Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m). MoneyGram has about 350,000 outlets in nearly 200 countries....
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Nigeria: (Jan 27, 2017) -   The Lagos State Government on Thursday launched a mobile app to facilitate interaction and provision of services between government and the citizens from the comfort of their...
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Nigeria: (Jan 27, 2017) - The Executive Director of Nigerian Export Promotion council (NEPC), Segun Awolowo has revealed that the country lost over $30 billion due to fall in crude export in 2015. Awolowo...
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Nigeria: (Jan 26, 2017) - Legacy is a concept every human approaches with different perspectives. Some strive to build a legacy, some work to leave behind a legacy; some want to be known for a legacy; while...
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Nigeria: (Jan 25, 2017) - Oil markets have already begun to rebalance after strong signs that producers are complying with output cuts, Kuwait Oil Minister Essam al-Marzouk said on Wednesday. “We are...
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Nigeria: (Jan 24, 2017) - The Nigerian equities market resumed the week on a positive note as the Nigerian Stock Exchange (NSE) All-Share Index ASI appreciated by 0.03 per cent to close at 26,231.37. The...
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Nigeria: (Jan 20, 2017) - The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, yesterday offered insights into the prevailing economic crisis in the country, explaining that it was caused by the nation’s...
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Nigeria: (Jan 20, 2017) - The Economic and Financial Crimes Commission, EFCC, and the Securities and Exchange Commission, SEC, have vowed to take action against fraudulent operators in the Nigerian capital market. The...
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Nigeria: (Jan 20, 2017) - First Bank of Nigeria Limited has provided another financial solution to promote convenience and support the lifestyles of its customers. A statement from the lender said through...
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Nigeria: (Jan 20, 2017) - Raymond Sifiso Ndlovu Dabengwa, born in 1958, is Zimbabwean telecoms executive who is based in South Africa. Dabengwa was the Group President and Chief Executive Officer of MTN Group,...
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Nigeria: (Jan 19, 2017) - The National Assembly in Nigeria has passed the 2017-2019 Medium Term Expenditure Framework (MTEF), increasing the oil benchmark price of crude from $42.50 to $44.5 per barrel. The...
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Nigeria: (Jan 18, 2017) - Nigeria’s foreign exchange (forex) reserves have increased to $27.223 billion as at January 16, 2017, according to latest figures on the Central Bank of Nigeria’s (CBN)...
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Nigeria: (Jan 18, 2017) - The Central Bank of Nigeria (CBN) has warned Nigerians against the use of virtual currencies, including bitcoin, ripples, litecoin. CBN in a statement issued on Tuesday, stated that...
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Nigeria: (Jan 17, 2017) - The supply hiccup, which has lately affected the availability of Liquefied Petroleum Gas, otherwise called cooking gas, may soon be over, the Nigerian National Petroleum Corporation...
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Nigeria: (Jan 17, 2017) - Some say that successful entrepreneurs are born and not made. Others argue that good entrepreneurs can be trained and nurtured into achieving success. The truth probably lies somewhere...
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Nigeria: (Jan 16, 2017) - The International Monetary Fund, (IMF), has attributed the double digit inflation rate in Nigeria on the challenges around foreign exchange. In a policy paper on Macro-economic developments...
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Nigeria: (Jan 16, 2017) - A report by Oxfam, an anti-poverty organisation, has revealed that eight men own the same wealth as the 3.6 billion people who make up the poorest half of the world’s population. The...
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Nigeria: (Jan 16, 2017) - South Korea’s special prosecutor is due to decide whether to seek an arrest warrant for Samsung chief Lee Jae-yong. Lee is a suspect in a corruption scandal surrounding South...
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Nigeria: (Jan 16, 2017) - The Head of Research, Nigerian Economic Summit Group (NESG), Dr Olusegun Omisakin, says rising inflation rate in the country has gone beyond the control of Central Bank of Nigeria (CBN). Omisakin...
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Nigeria: (Jan 14, 2017) - Just as some Chinese investors are hedging against the sinking Yuan and restrictions on it with Bitcoin, many Nigerians are thinking of doing so, as well. But the government might not...
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Nigeria: (Jan 13, 2017) - Mavrodi Mondial Moneybox (MMM) in Nigeria has announced that they are open for business, a day earlier than the promised date, January 14, 2017. A ‘freeze’ was put on...
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Nigeria: (Jan 09, 2017) - The naira on Monday appreciated at the parallel market after two weeks of posting losses. The currency gained three points to exchange at N490, from N493 it posted last Friday, while...
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Nigeria: (Jan 06, 2017) - The Central Bank of Nigeria (CBN) sold N172.85 billion at its first Treasury bill sale of the year on Wednesday with yields unchanged from the previous auction, held on December 21,...
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Nigeria: (Jan 06, 2017) - Following the ban place on the importation of vehicles through the land borders by the  Federal Government, the Nigerian Customs Service (NCS), Seme Command, is set to lose 50...
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Nigeria: (Jan 05, 2017) - The Nigerian National Petroleum Corporation (NNPC) has announced the list of 39 successful bidders for the 2017/2018 crude oil term contracts, which includes 18 Nigerian companies,...
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Nigeria: (Jan 04, 2017) - As it may probably unfreeze accounts of its users on January 14, Mavrodi Mondial Movement (MMM) ponzi scheme has released 2017 guidelines for the Nigerian participants. According...
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Nigeria: (Jan 04, 2017) - The Dangote Tomato Processing Factor in Kadawa, Kura Local Government Area of Kano State is to resume production in February. The Managing Director of the company, Abdulkadir Kaita,...
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Nigeria: (Jan 04, 2017) - The Nigerian stock market opened the first trading of the year yesterday on a decline, driven by profit-booking in capitalised stocks. In summary, lead indicator, NSE-ASI shed 257.73...
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Nigeria: (Jan 03, 2017) - “Entrepreneurs are people who have the natural ability to seek opportunities that will lead them to excel. They tend to start small by running a hands-on business and then grow...
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Nigeria: (Jan 03, 2017) - THE Nigerian Stock Exchange, NSE, has removed Diamond Bank Plc, Fidelity Bank Plc and Sterling Bank Plc from the NSE 30 index following the bi-annual review of the indices. The review,...
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Nigeria: (Dec 31, 2016) - The founder of Facebook has found religion, it seems, according to a cheery holiday message he posted on the social network he created. On Christmas Day, Zuckerberg indicated in...
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Nigeria: (Dec 29, 2016) - Africa’s richest man and President of the Dangote Group, Aliko Dangote, has lost 32 per cent of his wealth, according to the Bloomberg Billionaires’ Index. According...
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Nigeria: (Dec 29, 2016) - Kingsway International Christian Centre (KICC), a 12,000-member mega church in Britain headed by Nigeria’s Pastor Mathew Ashimolowo, has lost a sum of $4.8 million to a Ponzi...
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Nigeria: (Dec 29, 2016) - Rwanda’s Central Bank, has cut its benchmark interest rate for the first time in two-and-a-half years to support flagging economic growth as inflation eased in the east African...
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Nigeria: (Dec 27, 2016) - In a bid to further support the real sector and unlock the nation’s food potential, Heritage Bank Plc in collaboration with the Central Bank of Nigeria has provided a N2 billion...
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Nigeria: (Dec 27, 2016) - An African American billionaire, Robert Smith is sponsoring the education of 24 Chibok schoolgirls in American University, Yola in Adamawa State. The identity of the good Samaritan...
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Nigeria: (Dec 24, 2016) - South African telecoms giant, MTN, has fired one of its top and most valuable staffers in order to avoid scrutiny by the United States government over bribes offered to Abba Kyari,...
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Nigeria: (Dec 22, 2016) - Facebook founder, Mark Zukerberg, , introduced Jarvis to the world. Jarvis is a home assistant with a difference – he isn’t human, but an app. This software was developed...
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Nigeria: (Dec 22, 2016) - Lagos State Government is set to bring together financial leaders from more than 40 countries to address “The future of finance” at Cashless Africa Expo 2017 which is to...
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Nigeria: (Dec 21, 2016) - The price of Brent crude rose to $55.61 per barrel on Wednesday, up 26 cents from the previous day in what will be good news to oil dependent Nigeria. The Nigerian government has...
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Nigeria: (Dec 20, 2016) - A French court has found International Monetary Fund (IMF) Chief, Christine Lagarde, guilty of negligence in approving a massive pay-out of taxpayers’ money to controversial French...
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Nigeria: (Dec 20, 2016) - The Nigerian Government has presented a breakdown of its budget proposal for the 2017 fiscal year. The breakdown was made on Monday by the Minister of Budget and National Planning,...
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Nigeria: COTONOU, Benin, (Dec 20, 2016) - The African Trade Insurance Agency (ATI), a pan-African institution that provides political, investment and commercial risk insurance products, has expressed its commitment to assist...
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Nigeria: (Dec 20, 2016) - As an intellectual, I am inclined to appreciate the apparent hard work and research that must have gone into the article ‘’Proposed $30billion Loan: Avoiding the Eurobond...
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Nigeria: (Dec 20, 2016) - The long awaited Lake Rice of the Lagos State Government will be rolled out on Wednesday in the three senatorial districts of the state at a cost of N12,000 per 50 kg bag. The government...
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Nigeria: (Dec 19, 2016) - Forbes Magazine, in the latest edition of its 74 world most powerful people, has named the Nigerian-born Head of the Dangote Group, Aliko Dangote as the second most powerful person...
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Nigeria: (Dec 19, 2016) - The Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have agreed to collaborate and work together in order to provide an efficient and...
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Nigeria: (Dec 15, 2016) - Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu on Thursday announced that the Federal Government revenue would be increased by $2 billion, as it exits from the Join...
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Nigeria: (Dec 15, 2016) - NairaBet founder, Akin Alabi, shared this via social media, as he spoke to some lawyers at a legal seminar in Ibadan Oyo state Thursday. ...
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Nigeria: (Dec 11, 2016) - This week’s CNN Marketplace Africa sees host Zain Asher interview Cosmas Maduka, founder of Nigerian conglomerate Coscharis Group. Asked about where the seeds of his success...
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Nigeria: (Dec 09, 2016) - The Debt Management Office (DMO) says it has raised the entire N1.18 trillion domestic component of the 2016 approved borrowing to fund the economy this fiscal year. Addressing members...
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Nigeria: (Dec 08, 2016) - Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says Nigeria has lost 200 billion dollars of investments due to its inability to legislate the proposed reform...
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Nigeria: (Dec 07, 2016) - The Debt Management Office  (DMO), has said it will raise N95 billion through the sales of Federal Government of Nigeria Bonds next week Wednesday which will be the last bond auction...
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Nigeria: (Dec 07, 2016) - Africa’s largest telecom firm, MTN, recently said the activities of ‘over-the-top’ companies like WhatsApp have adverse effects on the sustainability of Nigeria’s...
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Nigeria: (Dec 05, 2016) - The federal government on Monday said it has banned the importation of vehicles through the land borders with effect from January 1, 2017. A statement from the Nigeria Customs Services...
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Nigeria: (Dec 05, 2016) - An agreement signed between the governments of Nigeria and Morocco, anchored by Fertilizer Producers and Suppliers of Nigeria, and a Moroccan company, OCP will yield one million tons...
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Nigeria: (Dec 03, 2016) - Oil prices are spiking to fresh highs, after the Organisation of Petroleum Exporting Countries (OPEC) reached an historic oil cut in Vienna on Wednesdaycable reports. At the meeting,...
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Nigeria: (Dec 02, 2016) - The Association of Licenced Telecommunications Operators of Nigeria (ALTON) on Thursday informed consumers to expect poor data services, without the review of the Data Tariff Floor. The...
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Nigeria: (Dec 02, 2016) - Amid a crackdown in the parallel market currency traders and the persistent scarcity of the greenback, Naira faces further pressure as it is seen weakening further against the United...
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Nigeria: (Dec 02, 2016) - A Nigerian, who styled himself as Pastor Ernest Chigozie Mbanefo is the mastermind of the suspected Ponzi scheme known as MMM Nigeria. According to an online report, Mbanefo is based...
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Nigeria: (Dec 01, 2016) - A France- based financial institution, Societe Generale Corporate and Investment Banking (SGCIB) announces that it has signed a merchant acquiring partnership with American Express...
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Nigeria: (Dec 01, 2016) - Following the great success of the second edition of Agrofood and Plastplack Nigeria trade fair in earlier this year, the German trade fair specialists, Fairtrade announces its intention...
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Nigeria: (Dec 01, 2016) - As the yuletide holidays are fast approaching, some the owners or managers of a Small & Medium Business - apart from those involved in the retail and hospitality industries - are...
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Nigeria: (Nov 30, 2016) - The Central Bank of Nigeria (CBN) says Nigerians can now buy a bag of local rice for as low as N8,000 — as against N22,000 obtainable with foreign rice. The CBN said it’s...
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Nigeria: (Nov 29, 2016) - Against the backdrop of increased uncertainties in the domestic and global economies, the Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) met on Monday, November...
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Nigeria: (Nov 28, 2016) - In a research conducted to examine the state of entrepreneurship around the world, Namibia has emerged first among African countries and 42nd in the world, ahead of other prominent...
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Nigeria: (Nov 28, 2016) - As part of the need to promote energy investment and business initiatives in Developing countries, the United Nations Office of the High Representative for Least Developed Countries,...
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Nigeria: (Nov 28, 2016) - Bloomberg, a financial software, data, and media company, owned by Michael Bloomberg, the sixth richest man in the world, says President Muhammadu Buhari’s rigid leadership...
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Nigeria: (Nov 25, 2016) - Running a Small and Medium Business in East Africa can be somewhat challenging, especially with the high interest rates that come with the territory. So, in order to navigate the risks...
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Nigeria: (Nov 25, 2016) - It is quite amazing and interesting to read stories and hear tales of successes and achievements. It is even more awe-inspiring to hear of ground-breaking feats, innovative exploits...
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Nigeria: (Nov 24, 2016) - The promotional sales hype this weekend is the perfect spring board for the festive season deals which follow it. It spells the start of the peak season for retailers and in theory,...
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Nigeria: (Nov 23, 2016) - Deputy Governor, Operations, Central Bank of Nigeria (CBN), Mr Adebayo Adelabu and chairman of First Bank Nigeria Limited, Mrs Ibukun Awosika will lead banking and electronic payments...
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Nigeria: (Nov 23, 2016) - We are almost getting to the time of the year when people embark on massive shopping spree in preparations for the holidays and one of the perks of this period is the promotional and...
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Nigeria: (Nov 22, 2016) - The Government of Eboyi State has said it was concluding plans to enforce a ban on the sale of foreign rice in markets and other outlets in the state. Governor David Umahi made the...
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Nigeria: (Nov 22, 2016) - The Central Bank’s Monetary Policy Committee meeting which began on Monday, 21st November, 2016 has ended on Tuesday, November 22 with all key indicators retained. Briefing...
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Nigeria: (Nov 22, 2016) - Forte Oil Plc, a public liability company listed on the Nigerian Stock Exchange (NSE) and an integrated energy service provider, has closed its N9 billion issue. According to ceoafrica,...
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Nigeria: (Nov 21, 2016) - In efforts to improve access to finance for Nigerian vendors and suppliers in the oil and gas industry, Shell, alongside Nigerian National Petroleum Corporation (NNPC), has signed Memoranda...
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Nigeria: (Nov 21, 2016) - The Central Bank of Nigeria’s Monetary Policy Committee, has on Monday, commenced its 6th and the last meeting for the year. The closed door meeting, which will hold for two...
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Nigeria: (Nov 20, 2016) -  As the rising cost of food items, especially rice reached alarming proportion at the weekend; indications are rife that the Zero Hunger Programme launched earlier this year by...
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Nigeria: (Nov 19, 2016) -   Apple is reportedly asking its manufacturing partners to investigate moving iPhone production to the United States, according to the Japanese newspaper The Nikkei.   According...
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Nigeria: (Nov 19, 2016) - Nigeria’s foremost indigenous auto plant, Innoson Vehicle Manufacturing (IVM) Ltd, has designed and built IVM G12 series, a special purpose range of off-road light trucks, for...
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Nigeria: (Nov 18, 2016) - As part of the effort to eliminate the laborious cash call regime which has stunted the growth of the oil and gas industry, the National Economic Council (NEC), presided over by Nigeria’s...
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Nigeria: (Nov 17, 2016) - The Managing Director, Total Exploration and Production, Nigeria Limited, Mr Nicolas Terraz at the 34th Nigerian Association of Petroleum Explorationists Annual Conference Management...
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