Friday, April 19, 2019

Business

Latest and Trending Business News All Across The Globe

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...

NNPC: We spend N774m daily to subsidize petrol

1 year ago
The Nigerian National Petroleum Corporation (NNPC) said it spends N774 million every day to subsidize petrol and keep the fix retail price of N145 per...

”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...

Osinbajo commissions BUA Group’s $1bn ultramodern cement factory in Okpella, Edo State

2 years ago
BUA Group, one of Nigeria’s largest conglomerate, has unveiled its 1billion dollars Obu Cement factory in Okpella, Edo state at a commissioning ceremony performed...

The Tragic History Of John Pemberton — The Man Who Invented Coca-Cola

1 year ago
If John Pemberton was never in the American civil war, he would never have become addicted to morphine, and we wouldn't know what coca-cola...
Crypto Company Founder dies with Passwords to Investors’ $190m, says Wife

Crypto Company Founder dies with Passwords to Investors’ $190m, says Wife

The supposedly “end” of the road for a cryptocurrency company – QuadrigaCX – in Canada has left it’s customers in fear following its founder’s death. The founder Gerald Cotten,...

Dangote pledges to make Nigeria self-sufficient in food production

1 year ago
Rewards 77 loyal distributors, customers Dangote Foods, comprising Dangote Flour Mills, Dangote Sugar Refinery and NASCON Allied Industries yesterday promised to make Nigeria self –sufficient...
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...

Obasanjo seeks Thailand’s support for Agric sector

1 year ago
Former President, Olusegun Obasanjo has solicited the support of the Thailand government in the country’s quest to boost its agricultural sector. Obasanjo hinted that as...

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...

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...
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...

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...
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...

Nigerian lady launches Thermoplastic paint brand for road construction (Photos)

A beautiful Nigerian lady identified as Chioma Okpalugo has once again proved true the saying that ‘what a man can do, a woman can...

Access, Diamond banks to reward customers

As Access Bank and Diamond Banks continue with their merger process, the banks have said that customers will be rewarded for their loyalty. A statement...

Investors lose about N2 trillion in 23 months

2 years ago
Blame govt for market depression Market capitalisation of quoted equities at the close of trading on Friday, December 30, dipped by N1.99 trillion or 21.5...

Despite Bitcoin’s ‘Sell-Off’ The Cryptocurrency Space Continues To Attract Investors

1 year ago
Volatility, volatility, volatility. Traders certainly love it. But the volatility witnessed of late among many leading cryptocurrencies - including the ‘Big Daddy’ of them...
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...

CBN Injects $210m Into Forex Market

1 year ago
The Central Bank of Nigeria (CBN) in its quest to guarantee the availability of foreign exchange for customers’ needs has injected another 210 million...

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...

Nigerian govt ‘shameless’ – Arik Air shareholders react to Ethiopian Airlines bid

2 years ago
Arik Air shareholders have condemned the reported plan by the federal government to hand over the airline to Ethiopian Airlines.Ethiopian Airlines has submitted its...

Air Peace opens Lagos-Akure route for economic integration

2 years ago
Charges N10,000 ticket fares Air Peace airlines has opened the Lagos-Akure-Lagos route to further enhance economic integration of the south west states and Nigeria through...
How we utilised N9.12trn 2018 budget — Buhari

How we utilised N9.12trn 2018 budget — Buhari

President Muhammadu Buhari on Wednesday gave an overview on the implementation of the N9.12 trillion 2018 budget. He said 67 per cent performance had so...
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...

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...
Access Bank, Diamond Bank MDs list merger benefits

Access Bank, Diamond Bank MDs list merger benefits

Access Bank Plc on Friday said it would be well positioned to attract more opportunities from international partners with its Diamond Bank merger. Mr Herbert...

Peak Milk Donates To Nigeria Para-powerlifting Federation

  Peak Milk from the stables of FrieslandCampina WAMCO has donated a 27-seater bus to the Nigeria para-powerlifting federation. The company’s Managing Director, Ben Langat who...
Kachikwu speaks on Mobil, other oil coys ‘exiting’ Nigeria

Kachikwu speaks on Mobil, other oil coys ‘exiting’ Nigeria

5 days ago
Dr Ibe Kachikwu, the Minister of State for Petroleum Resource says that no International Oil Company (ICO) is planning to exit Nigeria contrary to...

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...

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...
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...

FCMB opens Ultra-Modern branch in Karu, Nasarawa State

Customers of leading financial services provider, First City Monument Bank (FCMB), and Nigerians in general, who reside or run businesses in Mararaba-Karu, a satellite...
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...

How Nigeria can attract huge investment, by SBM chief, others

2 years ago
For Nigeria to pull huge investment into the country, the need for government to make the incentives policies and regulatory framework more attractive and...
FCMB organises free training, urges SMEs to drive economic growth

FCMB organises free training, urges SMEs to drive economic growth

9 hours ago
On Saturday, April 13, 2019, First City Monument Bank (FCMB) hosted the fifth in its series of free capacity building programmes, tagged ‘’Business Enterprises...
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...
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...

FCMB subsidiaries clinch awards

1 year ago
Two subsidiaries of FCMB Group Plc- First City Monument Bank (FCMB) and First City Asset Management Limited (FCAM), have emerged as the, Most Improved...
Femi Otedola is selling Forte Oil Shares!

Femi Otedola is selling Forte Oil Shares!

Femi Otedola Billionaire Businessman, Femi Otedola is set to sell all his shares in Forte Oil. This was learnt from the notification of divestment on Monday afternoon...
Beauty, Brains and Virtue : Meet Aisha Ahmad, Who is on Her Way To Becoming the CBN Governor!

Beauty, Brains and Virtue : Meet Aisha Ahmad, Who is on Her Way To...

1 month ago
Aisha Ahmad, the Central Bank of Nigeria (CBN) deputy governor is so young you would have to conclude she is the youngest person to...
Court Judgement: GTBank Opens Up On Takeover Claims By Innoson Motors

Court Judgement: GTBank Opens Up On Takeover Claims By Innoson Motors

3 weeks ago
Guaranty Trust Bank says it is taking all necessary legal steps to ensure that no illegal or fraudulent execution is carried out by Innoson...

Firm uncovers how attackers compromise companies’ software

2 years ago
Kaspersky Lab experts have discovered a backdoor planted in a server management software product used by hundreds of large businesses around the world. When activated,...
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,...

CBN raises forex market with $210 million

1 year ago
The Central Bank of Nigeria (CBN) has made available $210 million to meet customers’ requests in various segments of the foreign exchange market. According to...

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...
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...
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...
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,...

“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...