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CBN cancels commodity exchange privatisation, invests N50 billion
In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will...
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Stanbic IBTC Records N234bn Earnings, N83.2bn Profit after Tax
Stanbic IBTC Holdings Plc has reported a profit after tax (PAT) of N83.211 billion for the year ended December 31,...
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Zenith Bank Retains Nigeria’s Most Valuable Banking Brand Position
Zenith Bank Plc. has again emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500...
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CCECC connects Lagos-Ibadan rail to Apapa Ports
The Lagos-Ibadan rail line has been connected to the Apapa Ports in Lagos State, the China Civil Engineering Construction Corporation...
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Banks’ non-performing loans rise to N1.5tn
The non-performing loans in the banking sector rose by N333bn as of the end of the third quarter of 2020...
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MultiChoice Slashes Prices of DStv, GOtv Decoders
MultiChoice Nigeria, has announced a price slash on its DStv and GOtv decoders starting Monday, February 1st, 2021. The price...
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Chevron reports annual loss of $5.5 bn on lower oil prices
Chevron reported a fourth-quarter loss Friday to conclude a rocky year for oil companies as the coronavirus battered demand for...
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Airtel Commences NIN Registration
Telecommunication Firm, Airtel Nigeria, has announced the commencement of the National Identity Number (NIN) registration exercise in its retail outlets...
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Air Peace gets new aircraft, plans 8,000 jobs
The Chairman of Air Peace, Allen Onyema is eyeing employment opportunities for 8,000 Nigerians following the delivery of the first...
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Forex crisis, major nightmare facing manufacturers, says MAN
The acute shortage of foreign exchange in Nigeria is a major operational nightmare facing manufacturers in the country, the Manufacturers...
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Nigeria Loses W’Africa Air Travel Market to Ghana
Nigeria has lost the West African air market to Ghana as today no Nigerian airline is operating to destinations such...
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Group demands state of emergency in power sector
A group, under the aegis of the Nigeria Consumer Protection Network, has urged President Muhammdu Buhari to declare a state...
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Nigerians consumed N1.9tn petrol in 13 months, says NNPC
The Nigerian National Petroleum Corporation on Thursday said its downstream subsidiary, the Petroleum Products Marketing Company, recorded a total of...
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MTN begins NIN enrollment in Lagos, Abuja, PH
MTN has said it has commenced enrollment for National Identification Number. MTN’s Senior Manager, External Relations, Funso Aina, told our...
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NIA boss becomes ECOWAS scheme’s council chairman
The Chairman, Nigerian Insurers Association, Mr Ganiyu Musa, has been inaugurated as the chairman of the council of bureaux, ECOWAS...
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Ecobank to support MSMEs with N50bn funding
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has said the bank’s newly sourced N50bn credit will be deployed to support...
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Maritime stakeholders raise concern as Lagos restricts trucks to night
The Lagos State Government has put plans together to restrict the movement of trucks and trailers from the hours of...
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Danbatta wins MONEYReport’s ‘Man of the Year’
The Executive Vice Chairman and CEO of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has emerged MONEYReport Magazine’s...
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Q3: Flour Mills of Nigeria Grows Profit by 90% to N16bn
Nigeria’s integrated food business and agro-allied group, Flour Mills of Nigeria Plc, has continued its strong performance, growing its profit...
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Investors gain N181bn as equity market sustains positive sentiment
The local bourse on Wednesday sustained positive sentiment on the third consecutive trading session as the market capitalisation gained N181bn....
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Agric productivity declining, food security threatened – FG
The level of agricultural productivity in Nigeria is declining due to the effects of the COVID-19 pandemic and this is...
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Sahara Group to increase investments in tech
The Sahara Group says it will increase its investment in technology, artificial intelligence, and human capital transformation as critical drivers...
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We’ve licensed telcos to provide NIN, says NIMC
Telecommunications companies have been licensed to register people who do not have National Identity Numbers so as to reduce the...
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Slash on imported vehicles’ duties begins next week – Customs
The reduction in the duties on vehicles and tractors from 35 to about 10 per cent may take off next...
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IMF Revises Nigeria’s 2021 GDP Forecasts to 1.5%
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update released yesterday has projected that the Nigerian economy...
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