Pricing, infrastructure imbalance worsening Nigeria’s CNG investments deficit – NIPCO
Inappropriate pricing, infrastructure shortages and absence of a regulatory agency are partly responsible for investment deficit in Nigeria’s Compressed Natural…
Category: Business
Despite Stamp Duty Charge, PoS Transactions Hit N874bn In 3 Months
Despite the implementation of the stamp duty charge of N50 on Point of Sale transactions above N1,000, the value of…
Dangote Refinery to employ over 70,000 workers, says CBN
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said Dangote Refinery will employ over 70,000 Nigerians when it begins…
Carbon launches USSD service to enhance access to finance
Carbon, the Pan-African digital financial services company, has introduced a USSD service to its platform, making it even easier for individuals…
Coronavirus: Cost of Chinese products in Nigeria surge
Prices of Chinese phones imported into Nigeria have reportedly risen exponentially over the past couple of weeks owing to the…
We’re committed to curbing ponzi schemes – SEC
The Securities and Exchnage Commission has reaffirmed its commitment to ensuring that illegal fund managers in the country are not…
Petrol subsidy cost drops 22.5%
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, paid N43.09 billion as subsidy on Premium Motor Spirit, PMS,…
CBN Reports Slow Economic Activities In February
Business activity, production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate…
Gas supply from Nigeria to Ghana, others resumes
The West African Gas Pipeline Company Limited has said it is resuming its supply of natural gas from Nigeria to…
Coronavirus: Stakeholders worry about surveillance at Nigeria’s international airports
Following the announcement of the first case of coronavirus in Nigeria, aviation experts have called for better surveillance at all…
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…
Total Is Said to Bid for Stake in $7.4 Billion U.K. Wind Farm
French oil company Total SA is among the final bidders for a stake in an offshore wind farm that may…
It was a hellish week to be a billionaire
It was a bad day to be a billionaire. As stocks plummeted worldwide Monday on coronavirus fears, the 10 richest people in…
Africa May Only See Impact of New Free-Trade Deal After 3 Years
The real impact of commerce under a Pan-African deal to establish the world’s largest free-trade area will probably only be…
Citadel, BlackRock, and D1 Capital are racking up hundreds of millions in gains as coronavirus fears tank airlines, cruises, and movie-theater stocks
What might end up being the worst week for stocks in over a decade hurt a little less for some…
Warren Buffett discussed Apple, bitcoin, coronavirus, and Bernie Sanders in an interview this week.
Warren Buffett is renowned for making witty and insightful comments that many investors turn to for guidance. The 89-year-old investor…
Shipping lines may lose $1.7bn to Coronavirus – Report
A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of…
Nestle Nigeria Plc appoints new Director
Nestle Nigeria Plc has appointed Mrs Juliet Ehimuan as an Independent Non-Executive Director. The appointment is said to have taken effect from February 24, 2020. Ehimuan’s appointment was announced in…
NNPC to begin gas pipeline construction by Q2 2020
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter…
FG facilitates $20m tech fund, N90bn agripreneur loan
To further drive its support for micro, small and medium enterprises (MSMEs), the federal government has facilitated a $20 million…
PoS transactions fall by 16%
Financial sector experts are divided over the 16 percent month-on-month, MoM, decline in the value of Point-of-Sale, PoS, transactions in…
Dangote Cement reports N201bn profit after tax
Dangote Cement Plc has posted a profit after tax of N200.521bn for the financial year ended December 31, 2019 as…
Shoprite selling property to pay for online, store upgrades
Shoprite Holdings Limited’s decision to sell some properties and lease them back is to free up cash to invest in…
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…
Ondo targets N500bn investment through deep seaport project
ONDO State Governor, Rotimi Akeredolu, has said the development of a deep seaport project in the state will generate more…
Cash-Rich Berkshire Embraces the Idea of Life After Buffett
Warren Buffett waited until the very last page of his annual shareholder letter to reveal a big change: Shareholders will…
CSL Stockbrokers Appointed as New Stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of Nigeria. The appointment of the firm, as…
Prepare for electricity tariff hike, TCN tells Nigerians
Nigerians should be prepared to pay cost-reflective electricity tariffs in order to enjoy the benefits of the liberalisation of the…
PwC predicts greater success for Nigeria’s entertainment industry
The PricewaterhouseCoopers (PwC) has projected Nigeria to be among the world’s fastest-growing Entertainment and Media (E&M) industry in the next…
SON faces resistance from importers of fake products
The Standards Organisation of Nigeria (SON) may have come under pressure from dealers of fake and sub-standard products following the…