Business
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Julius Berger reports 68.87% growth in profit
Julius Berger Nigeria Plc has released its fourth quarter result for the period ended, December 31, 2019, showing 68.87% growth...
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Lagos raises N100 billion bond to finance infrastructure
Lagos State Government has opened a new chapter in its stride towards attaining self-sustenance in finance and governance. Governor Babajide...
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‘N2tn pension fund for infrastructure’ll come via bonds’
The N2tn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds,...
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ABCON faults calls for Naira devaluation
The Association of Bureau De Change of Nigeria (ABCON) has described the much talked about need for devaluation of the...
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Total Nigeria’s Profit Falls 70% on High Financing Costs
The reliance on bank borrowings to finance its operations continued to have a negative impact on the fortunes of Total...
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Stock Exchange opens new window for SMEs January 30, 2020 in Equities
The Nigerian Stock Exchange (NSE) on Wednesday launched a new platform for the listing of small and medium enterprises (SMEs)....
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TAJBank opens National Assembly branch
TAJBANK, Nigeria’s second non-interest financial institution has opened its third office in less than two months of operations at the...
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MTN to invest fresh $1.6bn in Nigeria
The MTN Group will invest fresh $1.6billion from its operations to strengthen its network and systems across Nigeria. The Chairman,...
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Concerns of Cybercrime, Natural Disaster Worry Insurers
Risks associated with cybercrimes topped the list of peril incidences that may likely hit the corporate world in 2020 and...
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FG recorded N4.62tn fiscal deficit in 2019 — CBN
The Federal Government recorded a fiscal deficit of N4.62tn in its operations in the 2019 fiscal period, figures obtained from...
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NSE Launches New Board for High-Growth Companies
The Nigerian Stock Exchange (NSE) will today launch its Growth Board(GB) to provide issuers with the opportunity to list, raise...
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Unilever Nigeria appoints new MD
HE Board of Unilever Nigeria Plc has appointed Mr. Carl Cruz as its new managing Director. The appointment becomes effective...
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Discos to reflect 7.5% VAT on transactions Feb 1
There are indications that power distribution firms across the country plan to reflect the new Value Added Tax of 7.5...
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Unilever Nigeria records N8.3 billion loss
UNILEVER Nigeria Plc suffered a major contraction in the immediate past business year as a steep decline in sales left...
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Despite poor services, telcos earn N2.78tr from airtime sales, others
In spite of the drop in quality of telephony services in 2019, telecommunication operators, especially Mobile Network Operators (MNOs) earned...
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Subaru unveils ‘mysterious’ electric SUV
SUBARU has revealed an unnamed concept Sport Utility Vehicle (SUV), which could be based on the brand’s forthcoming all-electric underpinnings...
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Again, Emefiele Forecloses Possibility of Currency Devaluation
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has again ruled out the possibility of a...
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SEC to clamp down on illegal fund promoters
The Securities and Exchange Commission, SEC has said it will clamp down on illegal fund managers and ensure they are...
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7.5% VAT implementation begins February 1
The Federal Government will from Saturday (February 1) begin the implementation of 7.5 per cent Value Added Tax espoused by...
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All-Share Index Year-to-date Growth Hits 10.4% as Bulls Remain in Control
The equities market recorded a marginal growth last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by...
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Buhari directs trade minister to set up agro-allied industry in 36 states
The President, Major-General Muhammadu Buhari (retd) has directed the Ministry of Industry, Trade and Investment to establish agro-allied industry in...
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Central Bank of Nigeria appoints directors
The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors. A statement from the...
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7.5% VAT: Business groups raise concern over unmoved stock, growth
Speaking exclusively to Daily Trust yesterday, the Vice President of the Abuja Chamber of Commerce and Industry (ACCI) in charge...
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Oil firms may stake $30 billion on exploration this year
Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip...
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Analysts predict decline in T-bills, bond yield
Analysts at Cordros Capital Limited have said yields on Treasury bills and bonds are expected to decline by about 100...
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