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Category: Local

Nigeria And Bolivarian Republic Of Venezuela In Talks To Establish Direct Air Link
BusinessLocal

Nigeria And Bolivarian Republic Of Venezuela In Talks To Establish Direct Air Link

Oludare Awoniyi, Nigeria’s ambassador to the Bolivarian Republic of Venezuela, says both countries are in talks to establish a direct…

byakintundeDecember 8, 2021
VAT Generated Decreased By N11.75 Billion In Q3
BankingBusinessInvestingLocalMarketTrade

VAT Generated Decreased By N11.75 Billion In Q3

The total value-added tax (VAT) collected on behalf of the federation decreased by N11.75 billion within three months to N500.49…

byakintundeDecember 7, 2021
You Tube Music Partners Briteswan And IManage Africa Entertainment Limited
BusinessLocal

You Tube Music Partners Briteswan And IManage Africa Entertainment Limited

YouTube Music has said it has partnered with two Nigerian organisations, Briteswan and iManage Africa Entertainment Limited. The partnership involves…

byakintundeDecember 7, 2021
Beneficiaries Of Tony Elumelu Foundation Get Insurance Plan From HIL And HLA
BusinessInvestingLocal

Beneficiaries Of Tony Elumelu Foundation Get Insurance Plan From HIL And HLA

Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) have extended simple insurance plans to the beneficiaries of the Tony…

byakintundeDecember 7, 2021
SEC Director-General Advocates On The  Use Of Technology
BusinessLocal

SEC Director-General Advocates On The Use Of Technology

At the 2021 workshop of Capital Market Correspondents Association of Nigeria(CAMCAN) in Lagos, the Director-General of Securities and Exchange Commission (SEC), Mr…

byakintundeDecember 7, 2021December 7, 2021
Nigeria Stock Exchange Record N589 Billion Loss
InvestingLocalMarket

Nigeria Stock Exchange Record N589 Billion Loss

The Nigerian stock market declined by N598bn at the end of last week as some large-cap stocks recorded price losses.…

byakintundeDecember 6, 2021
Powerful Nigerians Frustrating AMCON’s Recovery Of N4.4trn Debts — Senate Panel
Local

Powerful Nigerians Frustrating AMCON’s Recovery Of N4.4trn Debts — Senate Panel

The Senate Committee on Banking, Insurance and other Financial Institutions has lamented that highly-placed Nigerians were frustrating the effort of…

byakintundeDecember 3, 2021
Nigeria Makes List Of Countries Implementing  International Public Sector Accounting Standards
AfricaLocal

Nigeria Makes List Of Countries Implementing International Public Sector Accounting Standards

A Director in the office of the Accountant General of the Federation, Alhaji Salau Zubairu, has said Nigeria and Tanzania…

byakintundeDecember 3, 2021
Dolidol Acquires Mouka Foam For $60 Million
AfricaBusinessLocal

Dolidol Acquires Mouka Foam For $60 Million

Dolidol an international firm has acquired Mouka Foam in a $60 million (N24.9 billion) deal to create pan-African bedding and…

byakintundeDecember 3, 2021
Buhari Transmits Finance Bill To NASS For 2022 Budget
Local

Buhari Transmits Finance Bill To NASS For 2022 Budget

The President, Major General Muhammadu Buhari (retd.), has transmitted the Finance Bill 2021 to the National Assembly for consideration and…

byakintundeDecember 3, 2021
NGO: World Leaders Must Go Beyond Grand Gestures
LocalOpinionWorld

NGO: World Leaders Must Go Beyond Grand Gestures

World leaders must go beyond “grand gestures” to feed the 45 million people around the world who are on the…

byakintundeDecember 3, 2021
Crude Oil Price Falls Below $70 Per Barrel
AfricaBusinessLocalMarketWorld

Crude Oil Price Falls Below $70 Per Barrel

The crude oil market continues to suffer from bearish sentiments caused by the new Omicron COVID-19 variant, which has pushed…

byakintundeDecember 3, 2021
Nigerian Mining Sector Get $2Bln Investment Pledge From UAE Investors
BusinessInvestingLocalMarket

Nigerian Mining Sector Get $2Bln Investment Pledge From UAE Investors

  Investors from the United Arab Emirates have pledged $2bn worth of investments into the Nigerian mining sector as the…

byakintundeDecember 3, 2021
NCC Qualifies MTN, Airtel, New Firm For 5G Auction
LocalTechnology

NCC Qualifies MTN, Airtel, New Firm For 5G Auction

Globacom and Emerging Markets Telecommunication Service Limited are set to miss out on the deployment of Fifth Generation network for…

byakintundeDecember 3, 2021
CBN Frowns At Commercial Banks Over E-Naira
BankingLocal

CBN Frowns At Commercial Banks Over E-Naira

The Central Bank of Nigeria (CBN) has frowned at the commercial banks for not doing much to educate Nigerians about…

byEkeminiDecember 2, 2021
Effective Mechanisms To Insulate E-Naira From Hackers And Fraudsters Is In Place : CBN
BankingLocalTechnology

Effective Mechanisms To Insulate E-Naira From Hackers And Fraudsters Is In Place : CBN

The Central Bank of Nigeria (CBN), has assured that it has put in place effective mechanisms to insulate the e-Naira…

byakintundeDecember 2, 2021
Central Bank Of Nigeria Sold $867.68 Million Forex To SMEs
BusinessLocal

Central Bank Of Nigeria Sold $867.68 Million Forex To SMEs

The Central Bank of Nigeria, CBN, has raised the volume of foreign exchange sales to the Small and Medium Enterprises…

byakintundeDecember 2, 2021
Transnational Corporation Of Nigeria Record N13.467 Billion Profit After Tax In Q3
BusinessLocalMarket

Transnational Corporation Of Nigeria Record N13.467 Billion Profit After Tax In Q3

Transnational Corporation of Nigeria (Transcorp Plc) has posted a N13.467 billion Profit After Tax (PAT) for third-quarter ended September 2021.…

byakintundeDecember 2, 2021
Airtel Nigeria Completes 8.22 Percent Shares Buyback
InvestingLocalTechnology

Airtel Nigeria Completes 8.22 Percent Shares Buyback

AIRTEL Nigeria, a subsidiary of Airtel Africa Plc, has completed the 8.22 percent shares buyback from its minority shareholders, amounting…

byakintundeDecember 2, 2021
CBN Automates Forex Forms For BTA, Tuition Fee
BankingLocal

CBN Automates Forex Forms For BTA, Tuition Fee

Nigerian banks have informed their customers regarding the automation of Forms A and NCX for invisible and non-commercial exports transactions.…

byakintundeDecember 2, 2021
NCC: Three Telecoms Companies Qualified For 5G Deployment
LocalTechnology

NCC: Three Telecoms Companies Qualified For 5G Deployment

The Nigerian Communications Commission has announced that three telecoms companies have qualified as approved bidders of the forthcoming 3.5 gigahertz…

byakintundeDecember 2, 2021
South Africa President Urge Nigeria Banks To Set Up Branch In South Africa
AfricaBankingLocal

South Africa President Urge Nigeria Banks To Set Up Branch In South Africa

President of South Africa, Cyril Ramaphosa has urged Nigerian banks to set up branches in South Africa as the country…

byakintundeDecember 2, 2021
Ondo State Governor To Inaugurate Cocoa Factory
LocalMarket

Ondo State Governor To Inaugurate Cocoa Factory

An agro-allied company, Johnvent Industries Nigeria Limited, has said it has invested N3bn to boost cocoa business in Ondo State…

byakintundeDecember 2, 2021
External Reserves Lost $610m A Month
Local

External Reserves Lost $610m A Month

The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed.…

byakintundeDecember 2, 2021
No Plan To Exit The Nigeria Market- MTN
InvestingLocalMarket

No Plan To Exit The Nigeria Market- MTN

MTN Nigeria Communications Plc is set to raise at least N97.18bn from its public offer to retail investors. This came…

byakintundeDecember 1, 2021
Price Of Crude Oil Is Predicted To Rise To $150 Per Barrel
LocalMarketWorld

Price Of Crude Oil Is Predicted To Rise To $150 Per Barrel

J.P Morgan Analysts led by Christyan Malek have predicted a rise in the price of crude from its current 76…

byakintundeDecember 1, 2021
Foreign Airlines Stops Local Travel Agencies And Firms From Selling Tickets Due To Dollar Shortage
Local

Foreign Airlines Stops Local Travel Agencies And Firms From Selling Tickets Due To Dollar Shortage

As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the…

byakintundeDecember 1, 2021
MTN Nigeria Begin Sale Of Shares
InvestingLocalMarket

MTN Nigeria Begin Sale Of Shares

MTN Group says it will sell up to 575 million shares held in MTN Nigeria at N169 per share to…

byakintundeDecember 1, 2021
Nigerian Stock Exchange Starts On A Downward Move
InvestingLocalMarket

Nigerian Stock Exchange Starts On A Downward Move

The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered…

byakintundeDecember 1, 2021
US Mission Hail Burger King Expands To Nigeria
LocalTechnologyWorld

US Mission Hail Burger King Expands To Nigeria

The US Mission in Nigeria has hailed the growing US-Nigeria commercial ties as Burger King expands to Nigeria. The US…

byakintundeDecember 1, 2021

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