Business

Latest and Trending Business News All Across The Globe

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...

How to sell anything using the Nigerian football jersey model

“Guy, it’s all about the jersey.” That was the response I got from my usually dramatic, football-loving British friend when we had a discussion...

Naira appreciates to N359/$ as CBN injects $210m

The Naira, yesterday, appreciated by N1to N359 per dollar in the parallel market even as the Central Bank of Nigeria (CBN) injected $210 million...

NEITI assists FG to recover $3bn from oil firms

The Nigeria Extractive Industries Transparency Initiative says it has assisted the Federal Government to recover over $3bn from oil and gas companies operating in...

JTF’s clampdown on illegal refineries causes kerosene scarcity

The renewed operations of the Joint Military Task Force in the Niger Delta, codenamed, Operation Delta Safe, has resulted in the shortage of kerosene...

Stocks start second half on negative note

The nation’s stock market kicked off the second half of the year on a negative note, reversing the slight gains recorded last month. The market...

Russian Company Renews Interest in Nigeria’s Mining Sector

Buoyed by recent positive developments in the country’s mineral sector, a Russian mineral deposits prospecting company, JSC Zarubezhgeologia, has come back to invest in...
Kia Motors

KIA Begins Prepaid Maintenance Package Nationwide

Kia Motors has promised to offer customers around the world a singular style of service designed after its service philosophy called, ‘Promise to Care.’...
Lafia

Odu’a shuts Lafia Hotel over debts

The management of Odu’a Investment Company Limited on Friday closed one of its hotels, Lafia Hotel, in Apata area of Ibadan over what it...
FG Plans 4 Power Sub-stations in Ogun State

FG Plans 4 Power Sub-stations With 330KVA in Ogun

Determined to ensure regular supply for both domestic and industrial use, Transmission Company of Nigeria (TCN) said it has begun the construction of four...

“We Lost 300 Cows” – Miyetti Allah Confirms Plateau Killings Were Retaliatory

The Miyetti Allah Cattle Breeders’ Association of Nigeria (MACBAN) says the raid by suspected herdsmen on three local governments in Plateau State were a...

Nigerian Businessman Jailed For 5 Years For Importing Container Load Of Tramadol

A Federal High Court in Lagos, on Friday, sentenced a businessman, Ifeanyi Ezeanwu, to five years imprisonment, over importation of a container load of...

Coca-Cola Launches First Alcoholic Drink (Photo)

In a bid to tap new markets and consumers, Coca-Cola has officially launched its first alcoholic drink. Coca-Cola has launched its first alcoholic drink, a...