Brexit: Buhari, UK Prime Minister agree on new trade relationship
President Muhammadu Buhari has called for a review of trade relations with the United Kingdom (UK) following the country’s exit…
Category: Business
GTBank, Dangote Cement, Zenith Bank, make ARM’s hot stocks list
The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc are shares of…
Gaming companies short-change FG by N591bn in 14 years — Burunji Kashamu
Lottery and sports-betting companies operating in the country have defaulted in tax payment and other remittances to the federal government…
ABCON restates commitment to compliance, capacity devt
THE Association of Bureaux De Change Operators of Nigeria, ABCON, has its restated its commitment to capacity development and compliance…
Coca-Cola Stock Hits All-Time High After Strong Quarter
Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage giant…
Business interruptions, growing cause of risk in Nigeria — Survey
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 and South Africa and number four in Ghana. The trend for larger and more complex BI losses continues unabated. Causes are becoming ever more diverse, ranging from fire, explosion or natural catastrophes to digital supply chains and political violence.
Confidence in economy drops in January — CBN
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 2020 showed greater confidence in the economy, with 61.4 index points.
IMF laments bad roads, absence of scanners at seaports
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.
FAAN takes over MMIA toll gate from concessionaire
The Federal Airports Authority of Nigeria on Monday took over the Murtala Muhammed International Airport Access Toll Gate from the…
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…
New VAT rate triggers rise in stock market transaction cost
STOCK market investors and operators will from today pay more as transaction cost for shares traded on the Nigerian Stock…
Cadbury’s revenue, profit beat estimates in 2019
Cadbury has published its UNAUDITED FY 2019 results announcing a 9.3% y/y increase in Revenue to N39.3bn in FY 2019…
Konga restores investor confidence in Nigeria’s e-commerce
Co-Chief Executive Officer of Konga, Nnamdi Ekeh, said despite investors’ lack of interest in the e-commerce business in 2019, Konga…
Guinness Nigeria: Revenue recovers but operating performance remains weak
On Thursday, Guinness Nigeria Plc released its H1 2020 financial report announcing 0.8% y/y increase in Revenue to N68.3bn in…
MTN Group to sell 14% of its Nigerian business
MTN Group says it is looking to reduce its majority shareholding in its Nigerian subsidiary by 14%. Bloomberg reports that…
JMG celebrates staff at 20 years anniversary
JMG has recognized its workers that have stayed over 20 years and 10 years in the company. The company gave…
Enyo, Cars45 partner on auto sales, servicing
One of Nigeria’s fuel retailing companies, Enyo Retail and Supply, has strengthened its partnership with Nigeria’s digital vehicle trading platform,…
Volkswagen offers to buy all of Navistar for $2.9 bn
German auto giant Volkswagen said Thursday it wants to buy the part of American truck maker Navistar that it does…
NNPC swapped N3.04tn crude for refined products
A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the…
Nigeria To Begin Rice Exportation In 2020
Increased production and capacity utilisation by rice millers across the country, may have boosted Nigeria’s quest to commence exportation of…
Boeing posts $636m loss, first in 20 years
Boeing reported on Wednesday its first annual loss since 1997, as the company continues to grapple with the fallout of…
MTN budgets $1.6 billion to invest in Nigeria
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted…
Shakeup in Unilever management following massive losses recorded in 2019
Last November, Unilever Nigeria announced the resignation of its CEO, Yaw Nsarkoh. Prior to his resignation, Mr Nsarkoh was placed…
Buhari directs trade minister to set up agro-allied industry in 36 states
The President, Major-General Muhammadu Buhari (retd) has directed the Ministry of Industry, Trade and Investment to establish agro-allied industry in…
Refineries recorded N123.3bn loss in 10 months – NNPC
The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January…
Currency issues least of ECOWAS integration process, says LCCI
Citing the need to address key fundamental issues and non-tariff barriers affecting regional trade among Economic Community of West African…
Economy: IMF & World Bank disagree on Nigeria’s growth outlook
On Monday, the International Monetary Fund (IMF) released its Global Economic Outlook where the fund announced it expects global growth…
Key Levels for Amazon Stock in the First Half of 2020
Amazon.com, Inc. (AMZN) stock closed 2019 at $1,847.84 and closed Friday, Jan. 17 at $1,864.72, up just 0.9% so far…