Real Time Financial News Website
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey revealed that more brands of local rice continued to flood…
CONTRARY to media reports, the world’s largest container carrier, Maersk and its sister company Safmarine have denied stopping their shipping services to the ports in Lagos. In a Customer Advisory…
The Standards Organisation of Nigeria (SON) National Steel Task Force has sealed 13 steel factories across the country for standards infractions following nationwide market surveillance carried out by the Task…
Despite challenges affecting their operations in Lagos port, Maersk, the world’s largest container carrier, and Safmarine, a subsidiary of Maersk, have both denied relocating their shipping operations from Lagos, a…
Cordros Research has declared that the new Value Added Tax, VAT regime and persistent upward inflationary pressure are key economic headwinds confronting the Nigerian economy. The analysts at Cordros Research…
No doubt, this week was loaded, especially in Washington D.C, where representatives from the United States of American and Nigerian governments and private sector met. They met at the United…
These are not good times for ride-hailing companies and their patrons in Lagos, as Governor Babajide Sanwo-Olu led administration has started beaming lights on the operations of the car-hailing firms…
Earnings from non-oil exporters fell by 37.8 per cent in the last quarter of 2019, the Central Bank of Nigeria disclosed in the 2019 fourth quarter report on non-oil export…
Foreign investors are worried about the low level of government revenue in Nigeria and the implication for the country’s ability to service its debt. Chief Economist, Africa and Middle East…
The Federal Government, yesterday, set a two-month deadline for marketers and dealers of liquefied petroleum gas, LPG, also known as cooking gas, to weed out illegal and roadside dealers amongst…
Stakeholders have faulted the government for setting revenue target of N1.5tn for the Nigeria Customs Service this year. They insisted that the job of the Customs was trade facilitation and…
Berger Paints Plc has revealed plans to enter into a strategic partnership with the Lagos State Government on infrastructural projects. The company said in a statement that the partnership might…
Elon Musk is charging up his fortune. The Tesla chief’s net worth has grown more than any other billionaire’s so far this year amid a massive stock boom for his…
Fish importation will stop in 2020, the Federal Government has assured. It said it would encourage local fish production to achieve this.The Minister of Agriculture and Rural Development, Sabo Nanono,…
The Dangote Tomato Processing Company, Kadawa, says it has recruited no fewer than 100 skilled and casual workers ahead of its production resumption. The company also announced that it would…
Nigerian Breweries has revealed plans to raise N45bn from its commercial paper issuance. The company announced the launch of Series 5 and 6 of its commercial paper programme by filing…
Notwithstanding the closure of the land borders by the Federal Government, the Standards Organisation of Nigeria (SON), has said many substandard goods still enter the country through the seaports, as…
The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed International Airport, Lagos. The Comptroller General of Customs, Col. Hameed Ali (retd.), said the cash…
The Federal Airports Authority of Nigeria has terminated the concession of the tollgate of the Murtala Muhammed International Airport, Lagos to its concessionaire, Integrated Intelligent Imaging West Africa Limited, otherwise…
Consolidated Hallmark Insurance Plc (CHI) has applied to raise about N1.057 billion from shareholders via a rights issue, as part of its recapitalisation exercise. In a notification to the Nigerian…
Policemen and Nigeria Air Force personnel were on Tuesday drafted to the Murtala Muhammed International Airport ( MMIA ) Access Toll Gate to avert crisis following a tussle for control…
President Muhammadu Buhari has called for a review of trade relations with the United Kingdom (UK) following the country’s exit from the European Union. According to a State House statement…
The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc are shares of fortune, a report from ARM securities disclosed. Though, the Nigerian…
Lottery and sports-betting companies operating in the country have defaulted in tax payment and other remittances to the federal government to the tune of N591 billion in the last 14…
THE Association of Bureaux De Change Operators of Nigeria, ABCON, has its restated its commitment to capacity development and compliance with regulatory requirements by bureaux de change, BDC, operators. Speaking…
Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage giant filed a solid fourth quarter 2019 report that exceeded conservative…
The report further stated: “After seven years at the top, BI leaped from seventh to third this year and is number one in Africa and Tanzania; number two in Cameroon…
The report stated: “At 28.3 index points, the overall confidence index (CI) indicated respondents’ optimism on the overall macro-economy in the month of January 2020. The business outlook for February…
The International Monetary Fund has lamented the poor roads, lack of single-window platform and absence of scanning machines for Customs operations at the seaports in Lagos.
The Federal Airports Authority of Nigeria on Monday took over the Murtala Muhammed International Airport Access Toll Gate from the Integrated Intelligent Imaging West Africa Ltd. a year after expiration…