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 Business News:
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 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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Nigeria: (Nov 16, 2016) -   Google has announced the winners of the inaugural Sub-Saharan African YouTube Awards. Held in other regions since 2007, the YouTube Awards celebrate the talent and creativity...
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Nigeria: (Nov 14, 2016) - Oyo State  Governor Abiola Ajimobi has stepped up moves to bring investors from China to the state by assuring the investing public of their individual safety and that of their...
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Nigeria: (Nov 14, 2016) - Despite last week’s raid and arrest of some licensed currency dealers by department of state services (DSS) who were said to be selling foreign exchange (FX) above the prescribed...
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Nigeria: (Nov 11, 2016) - The financial crisis in Nigeria is well on its way to recovery as the cash flow into the Nigerian Government’s Treasury Single Account (TSA) rose to a whooping N4.36 trillion...
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Nigeria: (Nov 11, 2016) - It will be a gathering of intellectuals as GE, SAP, IFC, Microsoft, AfDB, and others are set to participate in the maiden conference of TheNerve Africa conference slated for the 16th...
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Nigeria: (Nov 11, 2016) - A notable scholar once said “the world makes room for those who believe in the beauty of their dreams.” But I add “…and work hard to make that dream a reality."...
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Nigeria: (Nov 11, 2016) - In order to force a favourable exchange rate for the Naira, the Federal Government has placed restrictive measures on Bureau De Change operators with the arrest of several money changers...
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Nigeria: (Nov 10, 2016) - The Senior Programmes and Project Officer, African Academy of Languages, African Union (AU) and the founder of His Majesty Global Schools, Dr Babajide Johnson, has called on Nigerian...
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Nigeria: (Nov 09, 2016) - Donald Trump victory is good for the naira, and many other currencies around the world, the markets have shown. A Trump victory is seeing a plunge in the US dollar, and a record...
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Nigeria: (Nov 08, 2016) - The federal government of Nigeria has directed all director-general, managing directors, and executive secretaries of state agencies to start flying economy class. In a circular...
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Nigeria: (Nov 07, 2016) - The Nigerian National Petroleum Corporation (NNPC) has denied any plan to increase fuel pump price to N150 per litre. This is the second time in three weeks that the management of...
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Nigeria: (Nov 06, 2016) - The prevalent unfavourable forex regime has continued to reduced the volume of vehicles imported through the Nigerian ports, the Operations Manager, Ports and Terminal Multiservices...
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Nigeria: (Nov 06, 2016) - Africa’s top tomato paste maker, Chief Eric Umeofia, has set machinery in motion to set up manufacturing concerns in four additional African countries—Kenya, Cameroon, Cote...
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Nigeria: (Nov 05, 2016) - Nigeria’s first indigenous motor manufacturing group, Innoson Group, has alerted the public of a sponsored and calculated smear campaign against the company and its executive...
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Nigeria: (Nov 04, 2016) - Crude oil futures rose on Thursday as an attack on a Nigerian oil pipeline and a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Brent crude...
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Nigeria: (Nov 03, 2016) - Never despise your days of little beginnings, and in this case, small business. If you feel your small business won't take you anywhere, think again. Don't give up! This...
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Nigeria: (Nov 03, 2016) - As part of the need to encourage and promote entrepreneurship in Africa, CEOAFRICA, the first Business Social Media Network and Online News platform is offering free advert placements...
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Nigeria: (Nov 01, 2016) - The World Bank has declared Ghana as now the best country for doing business in West African sub region, beating Nigeria to second position, with Ivory Coast in third position. In...
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Nigeria: (Nov 01, 2016) - The Nigerian Senate should approve President Muhammadu Buhari’s request for authorisation to borrow $30 billion (about N9.61 trillion), and should do so quickly, the Director...
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Nigeria: (Oct 31, 2016) - Aliyu Fertiliser and Chemical (AF&C), an indigenous firm that sells and distributes fertiliser yesterday announced that it has finally acquired  agro chemical and nutrients...
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Nigeria: (Oct 31, 2016) - China plans to launch its first e-commerce satellite in 2017, with the primary purpose of using satellite data in agriculture. Han Qingping, President of the Chinarocket Co., Ltd,...
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Nigeria: (Oct 30, 2016) - Former President Olusegun Obasanjo said on Saturday in Lagos that Mrs Folorunsho Alakija, Africa’s richest woman by Forbes reckoning, was among the 25 billionaires he made during...
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Nigeria: (Oct 29, 2016) - The Minister of Communications, Mr Adebayo Shittu, says the Federal Government plans to purchase two additional satellites for Nigeria Communication Satellite (NigComSat)  at the...
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Benin: (Oct 29, 2016) - Authorities in Benin Republic have arrested a prominent businessman and politician, Sebastien Ajavon in connection with a seized 18 kilogrammes of cocaine. The cocaine was found...
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Nigeria: (Oct 28, 2016) - The federal government of Nigeria plans a $10 billion infrastructure development fund for the oil-rich but restive Niger Delta, the Minister of State for Petroleum, Dr. Ibe Kachikwu,...
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Nigeria: (Oct 27, 2016) - Nigeria government has appealed to Emirates Airline and other foreign airlines operating in the country to reconsider the decision of withdrawing their services. According to James...
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