DisCos earn N473 billion in 2019, reveal reason for metering gap
A report by the Association of Nigerian Electricity Distributors has shown that the Distribution Companies (DisCos) in Nigeria recorded 8% growth in…
Author: akintunde
10-year Treasury yield drops to another record below 1.04% as historic fall in yields continues
The 10-year Treasury yield dropped to another record low on Monday below 1.04% as the historic decline in yields continued…
Olam’s pilot farming project to boost tomato value chain
Olam Nigeria’s Vice President in charge of Farming Initiatives, Reji George, has disclosed that preliminary results from its pilots farming project…
Lafarge Africa rewards customers
Lafarge Africa Plc has rewarded its customers during its Customer Award event held in Lagos. The event was an opportunity…
Discos deny receiving subsidy from FG
Electricity distribution companies, under the aegis of Association of National Electricity Distributors, has said they had not received any subsidy…
Foreign Portfolio Investors inject $1.7bn into I&E window
FOREIGN Portfolio Investors (FPIs) injected $1.7 billion into the Investors and Exporters (I&E) window in January 2020 raising hope of…
Nissan launches a subscription service starting at $699 a month
Car subscriptions: they’re totally a thing! The latest automaker to test the waters on subscriptions is Nissan, which just launched…
Senate invites Bigi and Pepsi manufacturers, as stiff competition continues
Popular soft drinks manufacturers, Messrs 7-Up Bottling Company, makers of Pepsi, and Rites Foods Limited, makers of Bigi drinks were recently invited by…
ICRC commends Sifax on concession agreement
THE Infrastructure Concession Regulatory Commission has commended the management of SIFAX Group for its level of compliance with the terms…
Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him ‘underwhelming’
Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates. After Gates said he bought himself an all-electric Porsche Taycan, Tesla’s CEO took…
HSBC misses expectations on 2019 pre-tax profit, shares down nearly 3%
HSBC on Tuesday reported pre-tax profit that missed analysts’ expectations after the bank took a goodwill impairment relating to its European…
FG discovers crude oil in north, says there’s more
About one billion barrels of crude oil has been discovered in the North-Eastern part of Nigeria, the Minister of State…
Shell, NNPC lament over Nigeria’s electricity deficit
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity supply in Nigeria despite the abundant…
Quality of local rice improves as food prices drop across major markets
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey revealed that…
Customs to take delivery of 3 scanners by Q2’20
NIGERIA Customs Service, NCS, is set to take delivery of three scanners by end of the second quarter 2020, Vanguard…
FG says ‘extension’ needed on West Africa currency launch
West African powerhouse Nigeria on Monday called for a delay to the launch of a region-wide currency tentatively scheduled to…
Tesla surges 9% after reopening its Shanghai factory following coronavirus shutdown (TSLA)
Tesla’s Shanghai Gigafactory is expected to reopen Monday following a closure related to the coronavirus outbreak, and will receive government…
Tony Elumelu Foundation disburses first tranche of $5million partnership commitment from African Development Bank
Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and its President, Akinwumi Adesina, on their commitment to…
US tasked to buy stakes in Nokia, Ericsson to battle Huawei
The tenuous relationship between the United States and the Chinese telecommunication giant, Huawei is about to take a new turn.…
Dangote tomato company resumes production in Kano
The Dangote Tomato Processing Company, Kadawa, says it has recruited no fewer than 100 skilled and casual workers ahead of…
Fund of funds, missing link in Nigeria’s mutual fund industry
The Nigerian mutual fund industry has come a long way. From one fund with less than N20 million in 1991…
BREAKING: Police, Air Force take over MMIA toll gate
Policemen and Nigeria Air Force personnel were on Tuesday drafted to the Murtala Muhammed International Airport ( MMIA ) Access…
Honeywell records N58bn revenue in 9 months
HONEYWELL Flour Mills Plc has announced N58.2 billion revenue for the nine-month period ended December 31, 2019, representing six percent…
How to start a business without capital
The number one thing most people point at as a stumbling block to starting a business is always money. In…
Should Value Investors Buy MetLife (MET) Stock?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions,…
Hong Kong leads Asian markets lower on credit downgrade and coronavirus fears
Hong Kong stocks recorded their worst day in more than five months after renewed concerns about how the city is…
UBS cuts mid-term guidance after missing 2019 targets
UBS Group AG has cut its mid-term guidance after missing its key targets for 2019. The results come as the…
EasyJet 1Q 2020 revenue per seat rose 8.8%
Budget airline easyJet PLC on Tuesday said revenue per seat for the first quarter of fiscal 2020 rose, and that…
UK employment hits new record high as Bank weighs rate cut
The employment rate in the UK hit a new record high at the end of last year despite the political…
Hugo Boss sales, profit rose on European growth
Hugo Boss AG said Tuesday that sales and operating profit rose in the fourth quarter, buoyed by growing momentum in…