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Latest and Trending Business News All Across The Globe

Oxfam urges criminalisation of illicit financial flows enablers

•Ranks Nigeria tax system as unfair Oxfam, a confederation of 20 independent charitable organizations focusing on the alleviation of global poverty, has called on the...

Experts canvass infrastructure finance through capital market

Financial experts have underscored the need for government to work out modalities on how to boost investment in infrastructure through the creation of activities...

Fidelity Bank, others train 100 MSMEs in Kano

•Set to unlock non-oil export potential Fidelity Bank Plc is training over 100 small and medium enterprises (SMEs), at the eighth edition of the Export...

Stakeholders explore AI, big data to check energy challenges at NAICE

Preparatory to the 2019 edition of the Nigeria Annual International Conference and Exhibition (NAICE), stakeholders have expressed optimism of unveiling solutions to recurring issues...

Investors lose N145 billion in three days of bearish trading

The bears have continued to strengthen their hold on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks joined the...

‘Why foreign airlines retain 80% air traffic share in Nigeria, others’

Murtala Airport Lagos •Ethiopian Airlines makes another bid for local operations •It is an insult on Nigeria, says stakeholders The absence of a functional national carrier in...

MAN outlines safeguards for post-AfCFTA ratification

Local manufacturers have outlined some of the pre-conditions and safeguards given to the Federal Government as part of measures to maximise the potential benefits...

Customs charged to urgently evacuate overtime cargoes in Lagos ports

• 17 fuel-laden vessels, others waiting to berth  To decongest the terminals, the Nigeria Customs Service (NCS), has been urged to urgently evacuate overtime cargoes...

CRFFN harps on professionalism in freight forwarding

For Nigeria to achieve a rapid and sustainable progress in freight forwarding, the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) has...

First Bank reiterates commitment to children with special needs

First Bank of Nigeria Limited has reiterated its commitment to impact the lives of the less privileged and children living with disabilities across the...

Access Bank wins Karlsruhe sustainable finance award

Access Bank, has emerged winner of the 2019 Karlsruhe Sustainable Finance Awards for ‘Outstanding Business Sustainability Achievement’. The award is in recognition of the Bank’s...

‘Infrastructure deficit may cost Nigeria $878 billion by 2040’

It has been projected that government’s continued neglect of the nation’s infrastructural development would lead amount to a huge deficit of $878 billion by...
Sterling Bank ranked among best places to work in Africa

Sterling Bank to unveil initiative, trains paramilitary on financial plan

Upholding its commitment to creating social good for communities across the country, Sterling Bank has trained serving members of the armed forces and paramilitary...

DPR reiterates zero tolerance to infractions, lifts Petrocam’s sanctions

The Department of Petroleum Resources (DPR), yesterday, reiterated its stance about non-tolerance of acts of infractions from licensed operators, even as it lifted the...

Why Nigeria, others should explore export, PPP to check debt vulnerabilities

Rising indebtedness may be a global phenomenon, but the debt levels of developing countries are amplifying their economic vulnerability, the United Nations Conference on...

Association urges stricter border control to check smuggling, others

The National Palm Produce Association of Nigeria has called on the Federal Government to closely monitor its borders with neighbouring countries to check rising...

First Bank unveils Visa multi currency card

First Bank of Nigeria Limited, has introduced the Visa Multi-Currency Card, an All-in One-Card, in a move to link all of four currencies namely;...

Solving Nigeria’s beef problem

You can kill a cow in Argentina and have the beef eaten in Europe. That is, the beef can travel around 13,000 km from...

NESG worried about rising population, unveils new corporate identity

The Nigerian Economic Summit Group (NESG) has unveiled and launched its new corporate identity, in line with its mandate of promoting and championing the...

Banks, Fintechs, telcos under investigation for data privacy breaches

The National Information Technology Development Agency (NITDA), is currently investigating some Nigerian banks, financial technology companies (Fintechs), and telecommunications companies (telcos) for alleged breach...

Rescuing data challenge at PenCom with technology

The current registration system at the National Pension Commission (PenCom) is limiting its potential. Of course, with the new initiatives aimed at enhancing the...

Rally Trade alleges lack of rules for online forex trading

An international online broker, Rally Trade, has said there is no regulation for online Foreign Exchange (Forex) trading in Nigeria, hence online brokers have...

FCMB partners firm to boost foreign education

Provides Support for Customers Aspiring to Study Abroad First City Monument Bank (FCMB) in partnership with MOD Education, organized a two-day training on International...

Seplat to increase shareholders’ value with $700 million gas investment

As part of efforts to increase shareholders’ return on investment, Seplat Development Company Plc has announced plans to accelerate the development of its $700...

Experts seek enforcement of estimated N1 trillion housing insurance

Experts in the insurance sector have said that the compulsory housing insurance policies in the country if enforced, would be valued at over N1trillion,...

‘Insurance industry rebranding campaign to benefit corporate organisations, individuals’

The Director-General, Nigerian Insurers Association(NIA) Yetunde Ilori, in this interview with BANKOLE ORIMISAN, speaks on the ongoing rebranding campaign in the insurance sector aimed...

Insurer, LASPARK seal pact on green Lagos

AXA Mansard has said it is a partnership with the Lagos State government through the Lagos State Parks and Gardens Agency (LASPARK) as they...

OAK makes pension more accessible

OAK Pensions Limited says it will continue to make pension more accessible to the grassroots, so as to enable the formal and informal workers...

Persistent free fall in share prices drags index further by 2.41%

The sustained bearish sentiment, leading to selloffs in the most capitalized stocks, continued to take tolls on the benchmark All-Share Index (ASI) of the...
7 Things Every Corps Member Should Do During NYSC Service Year

Insurer renews commitment to youth empowerment with financial literacy campaign

AXA Mansard, a global player in insurance and asset management has strengthened its commitment to empowering youths across Nigeria, with its just-concluded financial literacy...

Bank renews commitment for wealth creation, sustainability

Ecobank Nigeria has pledged commitment to the advancement of ideas that would lead to wealth creation and its sustainability through several generations. Besides, the bank...
Access Bank to ease entertainers’ access to CBN fund

Access Bank wins international award

Access Bank Plc. has emerged winner of the 2019 GBA Women’s Market Champion Impact Award for its efforts towards providing opportunities for women. Organised by...
Osinbajo rubbishes claims of Buhari protecting killer herdsmen, Boko Haram members

Osinbajo to declare APBN annual summit open

As part of its contribution to building the nation’s economy, the Association of Professional Bodies of Nigeria (APBN) has said it has concluded plans...

Tributes, emotions as former NNPC GMD, Maikanti Baru, says goodbye

Dr. Baru (right) decorating the new NNPC GMD Kyari Gaining access into the NNPC Towers, Abuja on this day was tough; it was obvious something...

Maryann Emike Alegieuno: Seven-year-old author

Little Maryann Emike Alegieuno has done something good at her age. The seven-year-old is leaving a lasting legacy and passing on moral lessons, as...
Sobering 2020 outlook for Nigeria, others as production output rises

Sobering 2020 outlook for Nigeria, others as production output rises

Organisation of the Petroleum exporting Countries (OPEC’s efforts to boost oil prices look set to become even more challenging next year, with increasing competition...
Textile industry can create 2 million jobs, save $4bn, says CBN

Textile industry can create 2 million jobs, save $4bn, says CBN

•Urges security agencies, paramilitary to patronise sector To reposition the Nigerian economy and make it self-reliant, the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele,...
Africa, Nigeria now best investment destination, says AfDB

Africa, Nigeria now best investment destination, says AfDB

Africa, and in particular Nigeria, has become the best place for investment following the consummation of the about $3 trillion African market in the...
Research group rallies stakeholders on new energy crisis’ study

Research group rallies stakeholders on new energy crisis’ study

To seek sustainable solutions beyond protests to Nigeria’s energy crisis, stakeholders, including members of the academia, civil society groups, and development agencies, have unveiled...
PEF monitors petrol distribution to check sharp practices

PEF monitors petrol distribution to check sharp practices

Petroleum Equalisation Fund (PEF), said it has commenced strict monitoring of Premium Motor Spirit (PSM), popularly called petrol across the country. Speaking yesterday, in Abuja,...
Stakeholders rally support for dangerous goods awareness

Stakeholders rally support for dangerous goods awareness

Stakeholders in the transport sector have stressed the need for government and private entities to raise awareness on dangerous goods.The stakeholders, who gathered at...
Sell-off persists, as investors lose N265 billion more

Sell-off persists, as investors lose N265 billion more

•Analysts urge shareholders to leverage low stock prices Following sell pressure on the shares of  major blue-chip stocks , trading on the equities sector of...
Online business school debuts, targets 100,000 entrepreneurs by 2022

Online business school debuts, targets 100,000 entrepreneurs by 2022

To improve the capacity of small businesses and enhance their contributions to Nigeria’s Gross Domestic Product (GDP), Business Lab Africa, (BLA), an online business...
Investments in OGFTZ exceeds $2bn, says management

Investments in OGFTZ exceeds $2bn, says management

• Employs 6,000 locals Investments in the Ogun Guangdong Free Trade Zone, in Igesa Ota Local Government Area of Ogun State, is said to have...
NSIA is a profitable social enterprise, says Uche Orji

NSIA is a profitable social enterprise, says Uche Orji

The management of the country’s sovereign wealth fund in relation to other climes recently threw up some issues in terms of its effectiveness, investment...
GTBank named ‘Best Bank in Africa’ at Euromoney awards

GTBank named ‘Best Bank in Africa’ at Euromoney awards

…Also emerges Best Bank in Nigeria for a record 9th time Foremost African financial institution, Guaranty Trust Bank Plc, has been named the Best Bank...
TCN to boost transmission capacity to 10,000MW this year

TCN to boost transmission capacity to 10,000MW this year

The Transmission Company of Nigeria (TCN), yesterday, in Abuja, said electricity wheeling capacity in the country will hit 10,000 megawatts (MW) by year end. With the development,...
Firm launches new marketing tool

Firm launches new marketing tool

Retrosoft Solutions Limited, one of the fastest growing and leading digital marketing agencies in Lagos, has launched a new product,  Ruby, which serves the...
NCDMB, firm stake N610m to improve geosciences

NCDMB, firm stake N610m to improve geosciences

Nigerian Content Development Monitoring Board (NCDMB), and Danvic Petroleum International, has staked N610 million to improve seismic interpretation and geosciences in Nigeria. NCDMB is expected...

Customs generates N203.3 billion in Apapa

The Nigeria Customs Service (NCS), Apapa Area Command, has racked in revenue of N203.26 billion for the half-year (H1) period January 1 to June...
Amidst concerns DMO puts Nigeria’s public debt at N25trn

Amidst concerns DMO puts Nigeria’s public debt at N25trn

• LCCI urges govt to explore alternative revenue Amidst concerns by the Bretton Woods Institutions, including the International Monetary Fund (IMF), and World Bank over...
NUBIFIE to challenge Ecobank’s sacking of 1,200 workers

NUBIFIE to challenge Ecobank’s sacking of 1,200 workers

•They’re not our staff, Bank defends Bank workers under the auspices of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), are preparing...
CBN limits daily standing deposit facility to N2 billion

CBN limits daily standing deposit facility to N2 billion

Effective from today, Thursday, banks and discount houses operating in the country are to limit their daily access to the Central Bank of Nigeria...
DBI, Cisco canvass investments in securities to combat cybercrime menace

DBI, Cisco canvass investments in securities to combat cybercrime menace

Fresh investments, coupled with increased capacity building have become strategic to curbing the growing influence of cybercrime in Nigeria. The need for these emanated at...
NDLEA, Shippers’ Council flay smuggling of illicit drugs into Nigeria

NDLEA, Shippers’ Council flay smuggling of illicit drugs into Nigeria

The National Drug Law Enforcement Agency (NDLEA), and the Nigerian Shippers’ Council (NSC), have reviewed their synergy to halt smuggling of Tramadol and other...
AfCFTA’s success hinged on poverty reduction, economic development

AfCFTA’s success hinged on poverty reduction, economic development

Though the African Continental Free Trade Area (AfCFTA) aspires towards deepening the integration of the African continent beyond merely a free trade area, latest...
Troubled Calabar port and survival strategies for terminal operators

Troubled Calabar port and survival strategies for terminal operators

In the last couple of years, the Calabar Port Complex has been inundated with several challenges that have withered its fortunes, thus causing pains...
Airtel listing pushes market capitalisation by N1.34 trillion

Airtel listing pushes market capitalisation by N1.34 trillion

Despite price losses that outweighed gains, transactions in the equities sector of the Nigerian Stock Exchange (NSE), sustained rising profile as market capitalisation rose...
Tax Tribunal receives N71.7billion-worth new appeals, resolves 42

Tax Tribunal receives N71.7billion-worth new appeals, resolves 42

The Coordinating Secretary, Tax Appeal Tribunal (TAT), Muhammad Lawal Abubakar, has said that between November 2018 and June 2019, 62 new appeals with disputed...
Group tasks government on prosecution, recovery of assets under PEF investigations

Group tasks government on prosecution, recovery of assets under PEF investigations

Petroleum Equalisation Fund (PEF) Worried that corruption cases against public officials, especially those related to the Petroleum Equalisation Fund (PEF), may not be properly handled,...

Alleged illegal suspension: Court fixes Nov. 11 for suit against PENGASSAN

The National Industrial Court on Tuesday fixed Nov. 11 for hearing in a suit filed by two members of Petroleum and Natural Gas Senior...
Global passenger traffic remains stable amid slow trend

Global passenger traffic remains stable amid slow trend

The International Air Transport Association (IATA), has announced global passenger traffic results for May, showing a 4.5 per cent surge in demand compared to...
Nigeria’s 1.97mbpd June volume highest since 2015, says survey

Nigeria’s 1.97mbpd June volume highest since 2015, says survey

’Compliance pressures expected in coming months’ Organisation of the Petroleum Exporting Countries (OPEC’s) compliance with its production quotas fell sharply in June, as output gains...
GEIL invests $350 million in new wells, field development

GEIL invests $350 million in new wells, field development

Green Energy International Limited (GEIL), operator of the Otakikpo Marginal Field, in oil mining lease (OML) 11, Rivers State, said it has secured a...
SON seizes N38m substandard aluminium roofing sheets

SON seizes N38m substandard aluminium roofing sheets

The Standards Organisation of Nigeria (SON) has seized sub-standard aluminium roofing sheets worth over N38 million in a move to ensure that only goods...
ABCON urges Nigeria to gain from U.S., China, Russia trade war

ABCON urges Nigeria to gain from U.S., China, Russia trade war

• Seeks more Naira-Yuan swap deal, derivatives market support Nigeria must make the best from the growing tensions between the United States of America and Russia/Asian...
Afreximbank’s $1b adjustment facility for AfCFTA debuts

Afreximbank’s $1b adjustment facility for AfCFTA debuts

Following the official take off of the African Continental Free Trade Area (AfCFTA) last weekend, the region’s largest trade bank – African Export-Import Bank...
CIOTA to build world-class transport administration institute

CIOTA to build world-class transport administration institute

• Articulates road map for growth The Chartered Institute of Transport Administration of Nigeria (CIOTA), has said it will build a reputation as a world...
Honeywell Flour Mills grows revenue to N74.4 billion

Honeywell Flour Mills grows revenue to N74.4 billion

Honeywell Flour Mills Plc (HFMP), a leading foods manufacturer in Nigeria, has grown its revenue by 4 per cent to N74.4 billion recording its...

NSE halts losing streak, as Flourmills, others lift index by N7b

Investors’ renewed interest in some bluechip stocks especially Flourmills, and Unity Bank, halted the negative sentiments that had gripped the equities sector of the...
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