Business FAAN takes over MMIA toll gate from concessionaire Feb 3, 2020 0 The Federal Airports Authority of Nigeria on Monday took over the Murtala Muhammed International Airport Access…
Business New VAT rate triggers rise in stock market transaction cost Feb 3, 2020 0 STOCK market investors and operators will from today pay more as transaction cost for shares traded on the Nigerian…
Local Domestic debt service of N607b and quests for more Feb 3, 2020 0 The Federal Government incurred a debt service bill of N606.87 billion on domestic obligations alone in just one…
Banking Manufacturing PMI drops to 59.2 index points in January — CBN Feb 3, 2020 0 The Central Bank of Nigeria, CBN, said that the Manufacturing Purchasing Managers Index, PMI, dropped marginally to…
Banking Banks’ borrowing from CBN rises 215% to N19.5trn Feb 3, 2020 0 BANKS’ borrowing from the Central Bank of Nigeria’s, CBN, rose by 215 percent year-on-year (y/y) to N19 trillion in…
World UK productivity slowdown worst since Industrial Revolution – study Feb 3, 2020 0 The slowdown in Britain’s productivity growth over the last decade is the worst since the start of the Industrial…
World Chinese shares drop nearly 9% amid fears of coronavirus impact Feb 3, 2020 0 Stock markets in China have seen the biggest daily fall for five years as traders rushed to sell amid continued…
Business Cadbury’s revenue, profit beat estimates in 2019 Feb 3, 2020 0 Cadbury has published its UNAUDITED FY 2019 results announcing a 9.3% y/y increase in Revenue to N39.3bn in FY 2019…
Banking Sterling Bank: Impressive growth in profit despite elevated OPEX Feb 3, 2020 0 Sterling Bank (Sterling) released its FY 2019 UNAUDITED report, with Gross Earnings coming in flat at N149.5bn, in…
Local Interswitch Limited lists N23 billion bond on NSE Feb 1, 2020 0 The Nigerian Stock Exchange (NSE or The Exchange) has announced the listing of Interswitch Limited’s N23billion…
Business Konga restores investor confidence in Nigeria’s e-commerce Feb 1, 2020 0 Co-Chief Executive Officer of Konga, Nnamdi Ekeh, said despite investors’ lack of interest in the e-commerce…
Tips Former Citibank executive offers financial literacy tips Feb 1, 2020 0 A former Group Head, Corporate and Investment, Citibank, Hetty Ugboh, has tasked students to diversify their income…
Business Guinness Nigeria: Revenue recovers but operating performance remains weak Feb 1, 2020 0 On Thursday, Guinness Nigeria Plc released its H1 2020 financial report announcing 0.8% y/y increase in Revenue to…
Local Courteville, Jaiz Bank, Transcorp lead gainers’ chart on Friday Feb 1, 2020 0 Courteville Business Solutions, Jaiz Bank, Champion Breweries, Transcorp and Oando made the list of top gainers in…
World UK-AIS 27 Commercial Deals Worth Over 6.5bn Pounds Jan 31, 2020 0 We are announcing 27 deals worth over 6.5bn pounds from across the African markets invited to this Summit and we…
Business MTN Group to sell 14% of its Nigerian business Jan 31, 2020 0 MTN Group says it is looking to reduce its majority shareholding in its Nigerian subsidiary by 14%. Bloomberg…
Banking LAPO Microfinance Bank unveils ‘My Piking and I’ Jan 31, 2020 0 LAPO Microfinance Bank Limited has unveiled ‘My Pikin and I’, savings account designed to provide support for women…
Business JMG celebrates staff at 20 years anniversary Jan 31, 2020 0 JMG has recognized its workers that have stayed over 20 years and 10 years in the company. The company gave awards…
World Amazon returns to trillion-dollar market-cap club as shares soar 8% Jan 31, 2020 0 Amazon (AMZN) handily topped consensus expectations in fourth-quarter earnings results, dazzling the Street and…
World S&P 500 poised to turn negative for the year as losses hold Jan 31, 2020 0 The S&P 500 was on track to close in negative territory on the year during Friday’s session. Each of the three…
World Relax! Coronavirus is Less Dangerous Than the Flu, Says Epidemic Expert Jan 31, 2020 0 The danger posed the Wuhan coronavirus (2019-nCoV) is not as lethal as media reports would have you believe,…
Local FG targets $150 billion revenue from Zero-oil plan Jan 31, 2020 0 Through the implementation of the zero-oil plan, which comprises of non-oil commodities, the Federal Government…
Local Telecoms operators fined N2.9 billion over infractions Jan 31, 2020 0 Four major telecommunication companies in Nigeria have been fined for various actions that contravene the rules and…
Business Enyo, Cars45 partner on auto sales, servicing Jan 31, 2020 0 One of Nigeria’s fuel retailing companies, Enyo Retail and Supply, has strengthened its partnership with Nigeria’s…
Local Only 18.75% Lagos residents are registered taxpayers — LIRS Jan 31, 2020 0 Lagos Inland Revenue Service (LIRS) has said that only 4.5 million or 18.75 per cent of the 24 million people…
Local IGR: 36 States, FCT record N986.29bn in 9months Jan 31, 2020 0 The 36 States of the federation and the Federal Capital Territory (FCT) recorded Internally Generated Revenue (IGR)…
Business Volkswagen offers to buy all of Navistar for $2.9 bn Jan 31, 2020 0 German auto giant Volkswagen said Thursday it wants to buy the part of American truck maker Navistar that it does…
Banking Why bank customers abandoned 4.5 million current accounts Jan 31, 2020 0 Bank customers have said that stringent procedures of commercial banks and charges have made them abandon current…
World Amazon earnings beat expectations, shares surge Jan 31, 2020 0 Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday…
Business NNPC swapped N3.04tn crude for refined products Jan 31, 2020 0 A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the…