Economy
‘Why Shoprite is quitting Nigeria’s retail market’
While the announcement of the imminent exit of South Africa’s retail giant, Shoprite, from Nigeria may have come to many...
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FBN Holdings injects N25b in FirstBank
FBN Holdings Plc has sold its life insurance company and invested the N25 billion (about $66 million) proceeds as equity...
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Nigeria’s oil projects threatened as IOCs suffer $27.8bn loss
Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country...
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BUA posts N101b half-year result
CEMENT producer BUA Cement, on Monday, announced an impressive 2020 half-year revenue of N101.3 billion and a Profit after Tax...
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Custodian Investment to Acquire 51% Equity Interest in UACN Property
Custodian Investment Plc has signed a binding agreement with UAC of Nigeria Plc to purchase a 51 per cent equity...
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Corporate earnings lift stock market index by 1.09%
Despite the two public holidays declared by the Federal Government to mark the Eid-El-Kabir celebrations, the influx of corporate earnings...
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Parents protest N25,000 COVID-19 test fee in Ogun
Parents of private school pupils in Ogun State on Sunday protested a demand for N25,000 as COVID-19 testing fee. The...
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Marketers stockpile petrol, August price may hit N150/litre
Filling station owners are currently in panic buying mood, as many of them are stockpiling products ahead of the announcement...
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BoI Increases Support for MSMEs to N53bn
In demonstration of its commitment to the development of micro, small and medium scale enterprises (MSMEs) in the country, the...
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Can Nigeria achieve N18 trillion revenue target?
Although the economy has literally gone south, no thanks to the disruptions imposed by the ranging coronavirus pandemic across the...
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Banks raise lending rates to 30%
Banks’ loans to customers were priced between 15.01 per cent and 30.70 per cent in the first quarter of this...
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Lagos Reduces Isolation Centres as Covid-19 Cases Decrease
Lifts ban on worship places, restaurants, others Research shows students still at risk if schools reopen now The Lagos...
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COVID-19: Charter airlines defy flight ban, fly rich Nigerians abroad
charge passengers $4,000-$8,000 per seat to UK, others Only evacuation, essential service flights approved –FG Some charter airlines have begun...
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COVID-19: Anxiety in states as schools get ready to re-open
•Lagos, Ondo fumigate institutions ahead of Tuesday resumption •Cross River stockpiles café masks for distribution to students •No face mask,...
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Egbin, nine other power plants suffer gas shortage
The nation’s biggest power plant, Egbin, and nine other plants have seen their output drop on the back of gas...
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One year on, multibillion naira goods stuck at Seme border
• Operators, Service Providers Put Daily Losses At Millions Of Dollars • Smuggling Still Rife – Experts • Closure Against ECOWAS...
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Is Sub-Saharan Africa’s Capital Market in Distress?
Investment banking fees in sub-Saharan Africa reached an estimated US$64.5 million during the second quarter of 2020, half the value...
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Senate probes fresh multi-billion naira fraud in NDDC
Panel to grill MD Wednesday over funds unaccounted for Buhari decries abuse of trust in EFCC, NDDC The Senate...
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Eid-El Kabir: Errors push PoS failed payments to 23%
Many Nigerians experienced declined transactions on Point of Sales terminals all over the country as PoS transactions failure rate hit...
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Multiple taxes, bills choke Nigerians amidst pay cuts, pandemic
Multiple taxation, bill hike and salary cuts are fast becoming the new normal to business owners and workers in Nigeria....
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Many public assets not actively managed — Aganga
A former Minister of Finance, Olusegun Aganga, has said there are so many assets held by different ministries, departments and...
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Banks Squeezed as CBN Shores up Naira
Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the...
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Be patient, pray, Buhari, Saraki tell Nigerians at sallah
President Muhammadu Buhari, yesterday, urged Nigerians to continue to exercise patience in the face of inconveniences created by enforced measures...
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IMF introduces new transparency code for Nigeria, others
The executive board of the International Monetary Fund has approved the new IMF Central Bank Transparency code. It said in...
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Investors to boost gold trade in Nigeria
The Event Manager, Gold West Africa, Nicole Smith, has said the organisation is working with investors to develop trade in...
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