Business

Latest and Trending Business News All Across The Globe

NLC threatens to embark on fresh Industrial action on November 6th over minimum wage

The organized labour comprising of the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC), has threatened to embark on a fresh nationwide...
LASACO Assurance mulls N10 billion additional capital for tier 1 status

LASACO Assurance mulls N10 billion additional capital for tier 1 status

LASACO Assurance Plc is planning to raise additional N10 billion capital from its existing shareholders and new ones, as part of plans to attain...

”We wouldn’t be distracted” – Presidency reacts to Obasanjo’s endorsement of Atiku’s presidential bid

The presidency has reacted to today's endorsement of Atiku Abubakar's presidential bid by former president Olusegun Obasanjo.   In a statement released by the Senior Special...

Job Scam: Trial of two NSCDC officers commences

Trial of two employees of the Nigerian Security and Civil Defence Corps, NSCDC, Mainasara Malami and Emmanuel Salihu, accused of duping unsuspecting citizens in the...

FCMB wins Excellence Award in Retail Banking

First City Monument Bank (FCMB) Limited’s giant strides and consistent impressive performance in the retail segment of the Nigerian banking industry has again been...
Foreign exchange inflow dropped by $3.73bn in one month

Foreign exchange inflow dropped by $3.73bn in one month

The Nigerian economy recorded a total foreign exchange inflow of $6bn in the month of July this year, figures obtained from the Central Bank...

‘The terrorist insurgencies we face, particularly in the Sahel and the Lake Chad Basin...

President Buhari today in New York unfolded Nigeria’s positions on international matters before the global audience. Presenting Nigeria’s National Statement during the opening day of...
World oil demand to peak at 104.4 million bpd in 2035 – Unipec

World oil demand to peak at 104.4 million bpd in 2035 – Unipec

World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below the current 100 million bpd. It...
Employees Of Skye Bank To Get Fresh Contract Under Polaris Bank – NDIC

Employees Of Skye Bank To Get Fresh Contract Under Polaris Bank – NDIC

Emefiele had said the decision to revoke the licence of the old bank was taken following the inability of the owners of the bank...
Skye Bank Changes Name To Polaris Bank On Instagram, Twitter And Facebook

Skye Bank Changes Name To Polaris Bank On Instagram, Twitter And Facebook

  The Central Bank of Nigeria (CBN) on friday , revoked the operating licence of ailing Skye Bank Plc and changes the name to Polaris...
Coca-Cola Reportedly Interested In Making Cannabis Wellness Drink

Coca-Cola Reportedly Interested In Making Cannabis Wellness Drink

These are interesting times in the international beverage market as multi-national beverage company, Coca-Cola, is reportedly interested in launching its own cannabis wellness drink...
Otedola's Forte Oil Loses N15m To dealer

Otedola’s Forte Oil Loses N15m To dealer

The Management of Forte Oil Plc has dragged an oil dealer, Olusegun Oyalana, 37, before a Lagos Magistrate Court for allegedly obtaining petroleum products...
Oyo govt. shuts down Diamond, Skye, FCMB, Heritage banks, others

Oyo govt. shuts down Diamond, Skye, FCMB, Heritage banks, others

No fewer than twenty branches of new generation banks have been sealed over failure to pay the annual environmental levy to the purse of...
Oil Marketers Arraigned For Stealing Automated Gas Oil Worth $8.4m

Oil Marketers Arraigned For Stealing Automated Gas Oil Worth $8.4m

Two oil marketers, Yusuf Kwande and Osahon Asemota, as well five companies have been arraigned before Justice Mojisola Dada of an Ikeja Special Offences...
CBN releases exposure draft on non-bank merchants

CBN to penalise banks, others for failed e-transactions

Any failed Nigerian Instant Payment transaction not reversed into the customer’s account within 24 hours, based on complaint of the sender and/or beneficiary will...

”Return our stolen assets and stop giving us doomsday prophecy on 2019” – Presidency...

Press statement from the presidency The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant HSBC which said the second...
Nigerian Bakers To Increase Price Of Bread

Nigerian Bakers To Increase Price Of Bread

The Premium Bread Makers Association of Nigeria have warned that the price of bread may soon increase. The President of Premium Bread Makers Association of...
Customs stop re-examination of containers

Customs stop re-examination of containers

The Area Controller, Apapa Command, Nigeria Customs Service, Abubakar Bashir, has disclosed that the command has stopped the practice of re-examining containers. Bashir gave this...
Globacom Company excites telecom market with Oga SIM

Globacom Company excites telecom market with Oga SIM

Globacom excites telecom market with Oga SIM (File) Digital Transformation Leader, Globacom, is currently making waves with its newly introduced Oga SIM, which gives a...
FIRS Boss Says Over 6000 Nigerian Billionaires Evade Tax

FIRS Boss Says Over 6000 Nigerian Billionaires Evade Tax

FIRS Boss Says Over 6000 Nigerian Billionaires Evade Tax Over 6000 billionaires in Nigeria will be facing tax laws following their decision to evade tax...
University of Ibadan names Conference Centre after Otunba Subomi Balogun

University of Ibadan names Conference Centre after Otunba Subomi Balogun

The University of Ibadan (UI), Nigeria’s premier tertiary institution, has again honoured the Founder of FCMB Group, Otunba (Dr.) Michael Olasubomi Balogun by naming...
CBN releases exposure draft on non-bank merchants

CBN releases exposure draft on non-bank merchants

The Central Bank of Nigeria, in furtherance of its mandate of enhancing the development of the electronic payment system in the country, has released...
Bill Gates Eyes Kenya Banks With Software

Bill Gates Eyes Kenya Banks With Software

Bill Gates Eyes Kenya Banks With Software The Bill and Melinda Gates Foundation is seeking to engage the Central Bank of Kenya (CBK) on the...
Nigerian govt to ‘empower’ traders with N10,000

Nigerian govt to ‘empower’ traders with N10,000

Vice President Yemi Osinbajo, on Monday arrived in Iwo, Osun State to launch an empowerment programme for 30,000 traders from across the state. The programme...
CAC to register business names within six hours

CAC to register business names within six hours

The Corporate Affairs Commission says it is working towards the deployment of effective Information Technology application to ensure the registration of business names within...
If You are Starting a Business, Then You Need To Read The Following;

If You are Starting a Business, Then You Need To Read The Following;

Starting a new business can be a daunting task. There are myriad issues a new entrepreneur will encounter: legal issues, financing, marketing, product development,...
See the Agege boy who became one of Nigeria’s youngest billionaires

See the Agege boy who became one of Nigeria’s youngest billionaires

IN a society with limited opportunities  especially for  youths, he was terrified by the fear of poverty early in life. In Agege, a Lagos...
Keystone Bank signs Actress, Funke Akindele as brand ambassador

Keystone Bank signs Actress, Funke Akindele as brand ambassador

Keystone Bank Limited, Africa’s best customer service provider recently signed up popular Nollywood actress, writer and producer, Funke Akindele Bello popularly known as ‘Jenifa’...

MTN refuses court order to refund $8.1bn

MTN Nigeria has denied its involvement in the illegal repatriation of dividends worth $8.1bn between 2007 and 2015. The telecoms company through its Public Relations...
CBN Has Ordered MTN And 4 Other Banks To Refund $8.1 Billion

CBN Has Ordered MTN And 4 Other Banks To Refund $8.1 Billion

CBN Has Ordered MTN And 4 Other Banks To Refund $8.1 Billion Nigeria's central bank (CBN) has ordered Africa's telecoms giant, MTN and four other...
Ekiti Gubernatorial Election

Missing N4 trillion Oil Money: PDP accuses President Buhari of Corruption

Press statement from PDP The Peoples Democratic Party (PDP) charges President Buhari to explain the whereabouts of the N4trillion unremitted oil revenue and other financial rots...
Business owners in Nigeria to get loans up to N10m without collateral

Business owners in Nigeria to get loans up to N10m without collateral

Nigeria’s Vice-President Yemi Osinbajo has revealed that the Federal Government is working on a loan facility for business owners in Nigeria. According to Daily Post,...
Mtn Unveils Mpulse, A New Innovation For Teenagers

Mtn Unveils Mpulse, A New Innovation For Teenagers

MTN Nigeria has introduced its latest innovation, mPulse, a platform designed for Teens and Tweens from the ages 9 to 15 to enable them...

Power: Benin Republic, Niger pay Nigeria $10m after disconnection threat

The Republics of Benin and Niger have paid $10.1m as electricity bill to Nigeria to avert being disconnected from their power source in Nigeria...

Nigerian crude exports set for four-month high supply

The nation’s oil exports are expected to rise to their highest in four months in October, on the back of supply of several larger...

Why Nigeria’s gas sector development may remain elusive

The Nigerian gas sector outlook may remain bleak if lingering challenges, especially unfavourable regulatory framework and poor monetary policies are not addressed. Nigeria had 5,111...
Ekiti Gubernatorial Election

Buhari approves N73bn road project for Lagos, appoints Dangote as contractor

The Federal Executive Council, FEC, on Wednesday approved N72.9billion for the reconstruction of the road from Apapa to the toll gate on Lagos-Ibadan expressway...
Good work ethics will promote growth

Azinge: Good work ethics will promote growth and development

Worried by the lackadaisical attitude of many Nigerians, especially public servants to work, Professor Epiphany Azinge, through his Epiphany Azinge Foundation has begun a...
oando

Oando records N8.5 billion PAT in H1 2018

Oando continues to defy skeptics as the company recorded N8.5 billion profit-after-tax (PAT) in its half-year ended June 30, 2018 (H1 2018) results. The...
oando

Shareholders reinforce confidence in Oando management at 41st AGM

Oando recorded another victory with the successful conclusion of its 41ST Annual General Meeting (AGM) which held on Friday, July 27 at the Eko...
Kemi-Adeosun

FG, States, LGs share N822bn June allocation [Breakdown]

Federal, States and Local Government Councils have shared N821.9 billion from the federation account for the month of June. Minister of Finance, Mrs Kemi Adeosun,...
5g

What is 5G and what will it mean for you?

Superfast "fifth generation 5G" mobile internet could be launched as early as next year in some countries, promising download speeds 10 to 20 times...
Nigeria’s agricultural sector

Nigeria’s agricultural sector value to hit N91trn by 2050 – Expert

The Fishery Society of Nigeria (FISON) says that the value of the country agricultural sector is estimated to reach about 256 million dollars (over...
China

China firm to refund $12 million after France World Cup win

A Chinese kitchen appliance maker is paying out up to 79 million yuan ($12 million) in refunds to its customers. The company vowed last month...
 Drew Houston

How two strangers set up Dropbox and made billions

 Drew Houston, founder and chief executive of US cloud storage company Dropbox. Drew Houston says it felt as if he had just two weeks to...
Lekki

Court orders forfeiture of Lekki property over fraud

A Federal High Court sitting in Lagos has ordered the temporary forfeiture of a parcel of land in Lekki Peninsula to the Federal Government,...
build quality network

Senator Liyel Imoke urges young entrepreneurs to build quality network

Former Cross River State Governor, Senator Liyel Imoke, yesterday told young entrepreneurs that he did not obtain first class or second class upper to...
ATM CASH WITHDRAWALS

Banks restrict ATM cash withdrawals overseas

Nigerian banks have restricted cash withdrawals from overseas Automated Teller Machines (ATM) only to those whose cards are linked to their domiciliary accounts funded...

Heritage Bank to boost SMEs’ growth

Heritage Bank Plc says it plans to boost the capacity of the Small Medium Enterprises through its annual entrepreneurial reality show, tagged ‘The Next...

Cadbury Nigeria returns to profitability, approves N305. 51m dividend

Shareholders of Cadbury Nigeria Plc on Friday approved N301.51 million as total dividend for the financial year ended Dec. 31, 2017. The shareholders gave the...