Business and Economy
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NNPC signs MoU with Russian oil company, Lukeoil
Nigeria and Russia Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil…
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Alleged copyright infringement: Court fixes Dec. 3, 4 to hear N300m damages suit against MTN
By Femi Ogunshola Abuja, Oct. 24, 2019 A Federal High Court in Abuja on Thursday adjourned until Dec 3 and…
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Sochi 2019: Afreximbank says Russia-Africa trade volume hits N20bn in 3 years
Lagos, Oct. 24, 2019 The African Export-Import Bank (Afreximbank) says trade between Africa and Russia has doubled to about $20…
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Zenith Bank reaffirms market dominance, leadership with Q3 2019 results
Zenith Bank Plc has announced its unaudited results for the period ended 30 September, 2019, with numbers that clearly demonstrate…
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Innoson Motors, not under FG’s pressure to relocate to Lagos, Kaduna-Official
By Francis Onyeukwu Awka, Oct.23, 2019 The Innoson Vehicle Manufacturing (IVM) says it is not under any form of pressure from…
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Lagos, Abuja, Uyo, PH, Warri, others get new Konga stores
Foremost e-commerce giant, Konga has expanded its growing list of retail stores nationwide, further cementing its place as Nigeria’s only…
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FBN Holdings reduces bad loans to 12.6% in 9 months
By Chinyere Joel-Nwokeoma Lagos, Oct. 21, 2019 FBN Holdings Plc on Monday said the non-performing loans (NPLs) ratio for its…
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Oil prices fall as global demand concerns grow
Singapore and London, Oct. 21, 2019 Oil prices fell on Monday on concerns about slackening global demand that outweighed bullish…
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Lufthansa flights back to normal after 100 flights cancelled on Sunday
Frankfurt, Oct. 21, 2019 (dpa/NAN) German airline Lufthansa confirmed on Monday that 100 flights had failed to take off during…
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Why IMF `supports’ Nigeria’s border closure – minister
By Harrison Arubu Washington, Oct. 20, 2019 The Minister of Finance, Mrs. Zainab Ahmed, says the International Monetary Fund (IMF)…
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Court halts NNPC ongoing job recruitment
By Emmanuel Afonne Abuja, Oct, 18, 2019 The Federal High Court sitting in Abuja has ordered the suspension of Nigeria…
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IMB reports 30% piracy drop as Nigeria’s Deep Blue Project kicks in
The International Maritime Bureau (IMB) has reported a drop in piracy attacks in Nigeria in the third quarter of 2019. IMB…
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Nwodo calls for urgent action to quench Ochanja, Onitsha market fire
President of Ohaneze Ndigbo, Chief John Nwodo (center) when he led other chieftains of Ohaneze on a sympathy visit to…
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Forex intervention: CBN injects $325.56m, CNY14m into Retail SMIS
ABUJA The Central Bank of Nigeria (CBN) on Friday, October 18, 2019, made an intervention of $325.5million in the retail…
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Sanwo-Olu, Okonkwo parley ASPAMDA, Trade Fair market leaders on infrastructure development
Lagos State Governor, Mr. Babajide Sanwo-Olu and his Deputy, Dr. Obafemi Hamzat on Thursday, met with Igbo market leaders from…
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W Initiative announces plans for Health Month … targets 2 million women and families.
The W Initiative, a flagship women empowerment programme from Access Bank Plc, has announced plans for its 2019 W Health Month aimed…
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NCP approves Transcorp Power Consortium as preferred bidder for Afam Electricity Generation Company
The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation…
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Konga rolls out loans to merchants ahead of Yakata 2019
Foremost e-Commerce giants Konga has taken a step further towards making the 2019 edition of its Yakata sales an unforgettable…
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2020 budget scales second reading in Senate …adjourns plenary till Nov. 29
The 2020 Appropriation Bill submitted to the National Assembly last week by President Muhammadu Buhari on Tuesday scaled second reading…
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AMCON debt can increase to N6.6 trillion by 2024 if unchecked – Balogun
A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun has called on Asset Management Corporation of Nigeria…
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Shell remits N720bn to NDDC in 16 years – GM
By Desmond Ejibas Port Harcourt, Oct. 15, 2019 Shell Petroleum Development Company of Nigeria (SPDC) and partners have remitted about…
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Fuel subsidy to gulp N450 bn in 2020 – finance minister
By Folasade Akpan Abuja, Oct. 14, 2019 Mrs Zainab Ahmed, the Minister for Finance, Budget and National Planning says under-recovery…
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Ekiti to support young entrepreneurs grow their business
Ekiti State government has promised to provide needed support for young entrepreneurs who are willing to expand their scope of…
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