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Latest and Trending Business News All Across The Globe

Pirates on Nigerian waters risk life imprisonment, N500 million fines

Pirates on Nigerian waters risk life imprisonment, N500 million fines

Hard times await pirates that operate on Nigerian waters, as the Suppression of Piracy and other Maritime Offences Bill, signed into law by President...
West Africa targets $57b investment, integrated ports, rail sector

West Africa targets $57b investment, integrated ports, rail sector

West African countries will later this month meet in Lagos to chart path to integrated ports, road and rail transport sector, with new investments...
Shell wins NOG 2019 Excellence Award

Shell wins NOG 2019 Excellence Award

Shell Companies in Nigeria (SCiN), on Wednesday, won the coveted Excellence Award, at the just-concluded, Nigeria Oil and Gas Conference and Exhibition (NOG 2019),...
AMCON, ICPC to collaborate on debt recovery drive

AMCON, ICPC to collaborate on debt recovery drive

The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, on Wednesday, in Abuja, disclosed of plans to collaborate with...

Dangote to empower millions in mega-billion promo

• Targets 70.1 million cement bags sales Aiming to better the lives of millions of consumers in the cement industry, Nigeria’s leading cement brand, Dangote...
Fidelity Bank targets improved funding to SMEs

Fidelity Bank targets improved funding to SMEs

Disburses over N2billion under CBN’s MSME fund Fidelity Bank Plc has announced plans to connect Small and Medium Enterprises (SMEs), to affordable and long tenor...
Access Bank to ease entertainers’ access to CBN fund

Access Bank to ease entertainers’ access to CBN fund

Access Bank Plc has reiterated its commitment to ensure the entertainment industry has access the Central Bank of Nigeria (CBN), intervention fund to support...
Advans La Fayette MFB expands facility to Lagos

Advans La Fayette MFB expands facility to Lagos

To support small and medium enterprises (SMEs), and ensure more Nigerians benefitted from its wide range of financial products, Advan La Fayette Microfinance Bank,...

Export experts harp on capacity building to boost sector

• Govt targets additional $1.5bn for ICT To harness the huge potential in the export sector currently worth about $500 million with over $12billion opportunities,...
NBC recommits to socioeconomic development in Nigeria

NBC recommits to socioeconomic development in Nigeria

Nigerian Bottling Company (NBC), has reaffirmed its commitment to scaling socioeconomic impact in the country, as it unveiled its maiden Sustainability Report with focus...
Eunisell to tackle marginal field operation challenges

Eunisell to tackle marginal field operation challenges

A leading oil & gas production solutions companies, Eunisell, has reiterated its commitment to assisting marginal oil field owners overcome complex technical and financial...
FG saves $1.7bn from managed interventions for petrol importation

FG saves $1.7bn from managed interventions for petrol importation

NNPC tower The Nigerian National Petroleum Corporation (NNPC), yesterday, defended its role in the importation of Premium Motor Spirit, otherwise known as petrol, noting that...
Bearish sentiments in highcap stocks pull indices down by N9bn

Bearish sentiments in highcap stocks pull indices down by N9bn

Nigeria Stock Exchange (NSE). The bearish sentiments witnessed in the Nigerian equities market extended into the third consecutive session, as sell pressure in highly capitalised...
Group targets $1 trillion to eliminate unemployment in Nigeria

Group targets $1 trillion to eliminate unemployment in Nigeria

Unemployment. African Centre for Global Entrepreneurial Leadership (ACGEL), is pulling together over $1trillion fund for job creation to fight unemployment in Nigeria over the next...
Stakeholders urge Buhari to address SMEs challenges

Stakeholders urge Buhari to address SMEs challenges

Small and medium scale enterprises (SMEs) Players in the Small and Medium scale Enterprises (SMEs), have urged President Muhammadu Buhari to address the challenges facing...
‘Prolonged constitution of cabinet, insecurity fuelling economic uncertainty, stalling investments’

‘Prolonged constitution of cabinet, insecurity fuelling economic uncertainty, stalling investments’

President, LCCI, Babatunde Ruwase Prolonged delay in having a cabinet in place is fuelling economic uncertainty and may undermine the confidence of investors, even as...
Airtel listing to constitute 10 per cent market capitalisation

Airtel listing to constitute 10 per cent market capitalisation

With Airtel set to list its shares on Friday, on the Nigerian Stock Exchange (NSE), analysts have said that the listing would constitute about...
Activate safeguards after AfCFTA ratification, operators tell FG

Activate safeguards after AfCFTA ratification, operators tell FG

The Lagos Chamber of Commerce and Industry (LCCI), has advocated necessary safeguards, systems, soft and hard infrastructure, including viable ICT policies must be activated...
‘Power sector holds the key to poverty eradication’

‘Power sector holds the key to poverty eradication’

Dr. Jamilu Isyaku Gwamna is the Managing Director of Kano Electricity Distribution Company (KEDCO). In this interview with LEO SOBECHI, he explains how the...
North accounts for 68.6% of financially excluded Nigerians

North accounts for 68.6% of financially excluded Nigerians

The three northern regions currently account for the most financially-excluded areas in Nigeria, a survey by the Enhancing Financial Innovation & Access (EFInA), revealed. Specifically,...
Banks record ₦1.5tr non-performing loans in 2018

Banks record ₦1.5tr non-performing loans in 2018

Loan Analyst links incidence to macroeconomic headwinds Following the adoption of IFRS 9, about 10.9 per cent of the loan book in the banking industry, representing...
‘Only one power plant built from 100 licences issued’

‘Only one power plant built from 100 licences issued’

Executive Director, Nestoil, Dr Chukwueloka Umeh • Regulation stifling investments, say stakeholders Stakeholders have again faulted the privatisation of the power sector, noting that regulatory framework...
Government insists on recapitalisation of insurance industry

Government insists on recapitalisation of insurance industry

NAICOM Urges operators to support sector’s well-being The Federal Government has charged insurance operators not to work against the current industry recapitalisation move by the National Insurance...
NAQS woos EU to remove ban on export of dried beans

NAQS woos EU to remove ban on export of dried beans

CD, Nigerian Agricultural Quarantine Service (NAQS), Dr Vincent Isegbe The Nigeria Agriculture Quarantine Agency (NAQS), has appealed to the European Union (EU), to remove the...
‘New national fleet will create wealth, employment for Nigerians

‘New national fleet will create wealth, employment for Nigerians

GDP • NSC expresses commitment to re-introduce cargo trackers at seaports The Executive Secretary, Nigerian Shippers Council (NSC), Hassan Bello, has declared that a private sector-led...
Experts proffer strategies for sustainable family business conglomerates

Experts proffer strategies for sustainable family business conglomerates

Executive Edge Limited, Lagos, Dr. Okechukwu Mbonu To achieve sustainable growth of business, experts have called for the use of suitably qualified external consultants to...
AIB gets new conditions of service

AIB gets new conditions of service

Commissioner and Chief Executive Officer of Accident Investigation Bureau (AIB), Akin Olateru. The Federal Government has approved a new condition of service for the Accident...
Computer professionals seek increased investments in digital infrastructure

Computer professionals seek increased investments in digital infrastructure

Computer professionals in the country have called for increased investments in digital infrastructure in Nigeria, to drive new scale of development. Under the aegis of...

NSE suspends trading in shares of 11 firms

The Nigerian Stock Exchange (NSE) has suspended trading in the shares of 11 companies over failure to file their account statements within stipulated period. The...
Selloff in bellwether stocks drag index further by 0.74 per cent

Selloff in bellwether stocks drag index further by 0.74 per cent

Following sell-offs in bellwether stocks, the bears maintained dominance on the equity sector of the Nigerian Stock Exchange (NSE), as investors’ wealth plunged further...

Nigeria’s capital inflow hit $8.485b in Q1 2019, says NBS

The National Bureau of Statistics (NBS) yesterday declared that Foreign Direct Investments (FDIs) inflows to Nigeria in the first quarter of this year stood...

Eunisell to tackle marginal field operation challenges

A leading oil & gas production solutions companies, Eunisell, has reiterated its commitment to assisting marginal oil field owners overcome complex technical and financial...
LFIF reports N44m PAT, proposes N2.08 dividend per share

LFIF reports N44m PAT, proposes N2.08 dividend per share

Taiwo Olashore Lead Fixed Income Fund (LFIF), an open-ended fund managed by Lead Asset Management Limited, has reported a 14.7 per cent increase in its...
Nigeria promises compliance as OPEC extends cut

Nigeria promises compliance as OPEC extends cut

Oil and Gas …Kyari hinges nation’s revenue on oil prices, production Nigeria, whose crude production exceeds its quota under an OPEC/non-OPEC supply accord, is working to...
The substance and form of debt

The substance and form of debt

Accidentally, the United States central bank – The Federal Reserve – stumbled on a powerful monetary policy tool in the 1920s. After the First...
NCDMB disburses $160 million in two years, reads riot act to IoCs

NCDMB disburses $160 million in two years, reads riot act to IoCs

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, yesterday, said about $160 million has been disbursed in the past...
‘If we do not value our people, the world will not value us’

‘If we do not value our people, the world will not value us’

Gbenga Oyebode, Board Member, APF, Founder & Chairman, Aluko & Oyebode (left); Ndidi Nwuneli, Board Member, APF, Co-Founder & Managing Partner, Sahel Consulting, H.E....
Nigeria’s ‘dead capital’ rises to $900 billion

Nigeria’s ‘dead capital’ rises to $900 billion

(Photo by PIUS UTOMI EKPEI / AFP) Latest report by the PricewaterhouseCoopers (PwC), has revealed that Nigeria needs to unlock as much as $900billion worth...
UAC pays shareholders N1.8 billion

UAC pays shareholders N1.8 billion

UAC OF Nigeria UAC of Nigeria Plc (UAC) has increased shareholders returns on investment with a total dividend payout of N1.8 billion, despite acclaimed harsh...
Nahco’s investment in free trade will boost export drive, says Fagbemi

Nahco’s investment in free trade will boost export drive, says Fagbemi

Fagbemi •Plans over N3bn investment in equipment •Targets 47 per cent profit growth in 2019 To boost Federal Government’s economic diversification drive, the Nigerian Aviation Handling Company...
Gasco Marine reiterates commitment to growing gas supply in Nigeria

Gasco Marine reiterates commitment to growing gas supply in Nigeria

A gas plant PHOTO: MYNAH Technologies Ahead of the launch of its N2billion compressed natural gas (CNG) model station with total installed capacity of about...
Heritage Bank seeks stronger Nigeria­-Russia partnership

Heritage Bank seeks stronger Nigeria­-Russia partnership

Chief Executive Officer, Ifie Sekibo The Managing Director/Chief Executive Officer of Heritage Bank Limited, Ifie Sekibo, has called for stronger partnership between Nigeria and Russia...
Group tasks government on MSME development in Nigeria

Group tasks government on MSME development in Nigeria

Aerial view of buildings and markets on Lagos Island. Sustainable Entrepreneurship and Economic Development Initiative (SEEDi), has called on the Federal Government to begin the...
Shareholders task SEC Board on 10-year master plan

Shareholders task SEC Board on 10-year master plan

Securities and Exchange Commission Following the recent inauguration of the Board, Securities and Exchange Commission (SEC), shareholders at the weekend, stressed the need for members...
Standard Chartered expands strategic focus to entrepreneurship, others

Standard Chartered expands strategic focus to entrepreneurship, others

Standard chartered bank Nigeria Standard Chartered Bank has said that it is expanding strategic focus away from its core financial functions to education, employability and...
Total bemoans late subsidy payment on cost of operations

Total bemoans late subsidy payment on cost of operations

Total upstream workers …as shareholders okay N4.75b dividend for 2018 Total Nigeria Plc has decried huge financial expenses suffered due to late payment of subsidies, especially...
NNPC/BPL JV empowers 10 SME’s in Niger Delta with N30 million

NNPC/BPL JV empowers 10 SME’s in Niger Delta with N30 million

The Nigerian National Petroleum Corporation (NNPC), and Belema Oil Producing Limited (BPL), Joint Venture, has empowered 10 indigenes of Niger Delta region with N30million...
Underwriter offers shareholders N687 million dividend

Underwriter offers shareholders N687 million dividend

NEM Insurance NEM Insurance Plc has appropriated N686.46 million as dividend payable at 13 kobo per 50 kobo ordinary shares to its shareholders. The Chairman of...

Women are better savers than men, says EFInA

The Enhancing Financial Innovation and Access (EFInA), in its latest report report, has said that there is enough research now to support the argument that...

CBN Anchor-Borrower is a loan scheme, not a free package – AFAN

All Farmers Association (AFAN), Kaduna State has cautioned farmers on the CBN Anchor-Borrower Programe, saying it is a loan scheme meant to empower Nigerian...

Breaking: Court issues bench warrant for arrest of Innosson CEO

Justice Ayokunle Faji of a Federal High Court in Lagos on Monday, issued a bench warrant for the arrest and production in court of...

MAN, CIBN rally support for clamp­down on smugglers

• Say CBN freezing of culprits’ accounts will boost diversification drive  Real sector operators and the banking industry have rallied support for the recent clampdown...

UN tasks Nigeria on entrepreneurship, job creation

While many countries have already harnessed demographic dividend, Nigeria, among other Africa countries, still lag behind, the United Nations Population Fund (UNFPA), has said.UNFPA...

‘New NNPC appointments to spur reserves’ increase, reforms’

Stakeholders in the oil and gas sector have expressed confidence in the appointment of a new management team for the Nigerian National Petroleum Corporation...

Shareholder group criticises new recapitalisation directive

Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN) have condemned the new capital regime for insurance industry recently announced by...

19 states to get 4G services from VDT by 2020

Wholesale broadband provider, VDT, is going retail and about 19 states will be serviced with advanced 4G Long Term Evolution (LTE) data service. Starting with...

Interest rate cut and implications for the economy

The Monetary Policy Committee (MPC) of the Central bank of Nigeria (CBN) met on the 25th and 26th March 2019, against the backup of...

Stock market index plunges further by 0.02% amid persistent lull

Continuous price depreciation in the shares of most blue chip companies, yesterday, dragged the Nigerian Stock Exchange (NSE) All Share Index (ASI) by 0.02...

MTN employees empower youth during 21 Days of Y’ello Care

It is against this backdrop that MTN hosts its 13th edition of 21 Days of Y’ello Care, its annual employee volunteerism programme which runs...
UNFPA at 50: Private sectors call for more collaboration to achieve SDGs

UNFPA at 50: Private sectors call for more collaboration to achieve SDGs

Captains of industry have called for more collaboration between government agencies and private sector players in influencing enabling policies as well as the implementation...
Refineries N141b losses surpass allocations to critical sectors

Refineries N141b losses surpass allocations to critical sectors

•Stakeholders insist on assets commercialisation  Refineries operated by the Nigeria National Petroleum Corporation (NNPC), recorded deficits running into N141billion within 13 months, between January 2018...
How Nigeria, others lose $4.2tr savings over poor infrastructure, by World Bank

How Nigeria, others lose $4.2tr savings over poor infrastructure, by World Bank

The cost of not investing in strategic infrastructure may not only pose challenge to ease of doing business, but also Nigeria and other economies...
Strategic investor takes controlling stake in Wema Bank

Strategic investor takes controlling stake in Wema Bank

..Triggers massive transaction volume on bank’s shares •Shareholders okay move, indices down by N40b Strong indications emerged yesterday that a strategic investor assumed to be Adebutu...
FG nets N3.7tr against CBN in five year operations

FG nets N3.7tr against CBN in five year operations

Apex bank refutes reports on transactions with govt as mischief The Federal Government emerged the highest claimant against the Central Bank of Nigeria (CBN), in...
FAAN, state government to tackle encroachment at Enugu airport

FAAN, state government to tackle encroachment at Enugu airport

The Federal Airports Authority of Nigeria (FAAN) and the Enugu State government have entered into a collaboration to effectively tackle encroachment and illegal occupants...
FG to provide identification for all Nigerians in five years

FG to provide identification for all Nigerians in five years

Barring any unforeseen circumstances, the Federal Government plans to provide a lifelong unique identification for every individual physically residing in Nigeria, and Nigerians in...
Firm unveils solar solutions to bridge energy gaps in Nigeria

Firm unveils solar solutions to bridge energy gaps in Nigeria

With International Energy Agency (IEA) reports, revealing that over 600 million people in Africa will not have access to grid electricity by 2030, a...
Ellah Lakes lists additional 1.880m shares on NSE

Ellah Lakes lists additional 1.880m shares on NSE

Ellah Lakes Plc has announced  the successful listing of additional 1.880 million shares on the main board of the Nigerian Stock Exchange (NSE). Ellah Lakes’ listing...

Bearish sentiments drag stock market index further by 0.4%

The reign of bears continued unabated on the trading floor of the Nigerian Stock Exchange (NSE), as more bellwether stocks depreciated in price, resulting...
‘How to improve market access through voluntary certification’

‘How to improve market access through voluntary certification’

To aid improved market access for exporters of processed foods, the Nigerian Export Promotion Council (NEPC), has commenced an awareness programme on Hazard Analysis...
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