Business

Latest and Trending Business News All Across The Globe

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...
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...

NNPC: We spend N774m daily to subsidize petrol

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...

Big Beer Brands Struggle To Tap Into Shifting Consumer Trends

6 days ago
The economic contrac-tion witnessed in the country is hitting hard on premium beer brands with consumers resorting to cheaper brands as alternative. The value brands...
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...
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...
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...

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...
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...
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...

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...

Breach of contract: Court awards $10m against Shoprite owner

1 year ago
The Lagos State High Court in Ikeja has entered judgment against Shoprite Checkers Limited, the operator of Shoprite outlets in Nigeria, in a $10m...

I Work for 18-Hours Everyday — Aliko Dangote

2 years ago
In the recently released 2017 KPMG CEO Outlook, Alhaji Aliko Dangote, President of the Dangote Group, provides insight into his business success.Dangote Group, one...
 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...
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...
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...

Local airlines groan under low pricing regime

1 year ago
• Revenue dips by 50 per cent • Delta Airline takes over U.S. route from Arik • FirstNation scales down operations The current low pricing strategy and...

CBN Injects $210m Into Forex Market

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

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...

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...
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...

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...
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,...

Naira To Hit 360 Per Dollar At Investors’ Forex Market

1 year ago
The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next...
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...

Dangote pledges to make Nigeria self-sufficient in food production

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...
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...

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

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

2 weeks ago
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,...

‘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...
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...
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...

Buy & Sell Your Bitcoin Today From Verified Seller [See Here]

1 year ago
Are you tired of getting into the wrong hands when buying Bitcoin? Are you tired of buying Bitcoin at higher price at is so expensive? Do...

Peak Milk Donates To Nigeria Para-powerlifting Federation

6 days ago
  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...
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...
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...

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...

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...

Fresh edition of KENT business fair holds Saturday

1 year ago
The last leg of the Kid Entrepreneurs fair (KENT FAIR) for the year holds this Saturday at the Filmhouse Cinemas, Lekki Phase 1, Lagos. The...
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,...
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...
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’...
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...

Senate President, Saraki meets Bill Gates and Dangote

President of the Senate, Dr. Abubakar Bukola Saraki, on Thursday, met with billionaire American philanthropist, Bill Gates and Africa’s richest man, Aliko Dangote in...
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,...

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

1 year 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...

Frsc Recruitment 2018/2019 Form | Federal Road Safety Corps Form is Here: www.frsc.gov.ng

Frsc Recruitment 2018/2019 Form | Federal Road safety corps Recruitment Form is Here. Registration guide for www.frsc.gov.ng is what you’ll see here Now. Do you want to...
Access Bank, Diamond Bank MDs list merger benefits

Access Bank, Diamond Bank MDs list merger benefits

2 days ago
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...

BREAKING : NNPC Crashes Price Of Petrol, Cooking Gas Nationwide

1 year ago
The Nigerian National Petroleum Corporation (NNPC) has said that their sustained strategic intervention in the efficient supply and distribution petroleum products, has led to...
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