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Nigeria News -Business News updates and Summaries in Nigeria today
  1. Samguine

    Business Unilever To Invest N4.3b In A New Nigerian Plant

    Unilever, one of the biggest conglomerates in the world, has revealed plans to invest €10m (N4.3bn) in a new plant in the country as part of its expansion programs. The revelation was made by the Unilever Executive President/CEO, Mr. Luc-Olivier Ma...
  2. Samguine

    Business I Don't Have A Single House Outside Nigeria - Aliko Dangote

    In a recent interview with international business magazine, Bloomberg, the CEO of Dangote Group talked about his quest for a simple lifestyle. When quizzed if he preferred making money or spending it, he chose the later. “I’m not a person who just ...
  3. Samguine

    Business Nigeria - 18/07/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (18/08/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  4. Samguine

    Business Dangote Reveals Plans To Invest $50bn In U.S, Europe

    Aliko Dangote, while speaking with Bloomberg Market magazine, has revealed his intention to invest about bn to bn in the renewable energy and petrochemical industries in U.S and Europe. According to him, 60% of his future investments will be s...
  5. Samguine

    Business Nigeria - 17/08/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (17/08/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros ...
  6. Lequte

    Business Nigeria Records Significant Drop in Price of Cooking Gas

    There has been a significant drop in the price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas, in Nigeria. The price of the commodity has dropped by 30 percent from N400 per kilogram (kg) in May to N280 per kg. According to Daily ...
  7. RemmyAlex

    Business Adeosun's Whistleblowers Recover N11.6 billion From Nigerians

    Minister of Finance, Kemi Adeosun, said Tuesday that the federal government has received over 5,000 whistleblowing tips but only 365 were considered actionable. Since December 2016, when the policy was instituted in the country, the government said ...
  8. Samguine

    Business Nigeria - 16/08/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (16/08/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  9. RemmyAlex

    Business Forex: CBN Injects $364m in Inter-Bank Market, to Crash Parallel Market

    Central Bank of Nigeria (CBN) has intervened in the Inter-Bank market to the tune of 364 million dollars to sustain liquidity in the Foreign Exchange (Forex) Market. Mr Isaac Okorafor, the Acting Director of Corporate Communications Department, CBN ...
  10. siteadmin

    Business Lagos slumps as travel to Africa displays double-digit growth

    During the coming five months, August – December 2017, there will be 16% fewer airline seats on domestic routes and 9% fewer and on international routes to and from Lagos LONDON, United Kingdom, August 15, 2017/ -- An analysis of seat capacity fo...
  11. siteadmin

    Business Arik Air to Slash Seat Capacity By 53% For Rest Of 2017

    A ForwardKeys' recent analysis for seat capacity for travel to top ten international airports in Africa Nigeria's economic woes continues to take its toll on the travel industry as a recent study shows a substantial drop in seats available for both ...
  12. siteadmin

    Business Lagos 'Mega City Fund' Boosted By 85 Billion Naira Bond Loan

    According to Nigeria's Daily Times, Lagos state raised 85.14 billion naira in 7- and 10-year bonds to fund the infrastructure and environmental projects. This is the third tranche of a 500-billion-naira debt programme approved by Lagos House of Assem...
  13. Samguine

    Business Nigeria - 15/08/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (15/08/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  14. RemmyAlex

    Business Oil Marketers Reducing Petrol Price, Dismiss Alleged Planned Increase

    The Nigerian National Petroleum Corporation and marketers in the downstream oil sector have said that there is no plan to increase the pump price of Premium Motor Spirit, otherwise known as fuel. The Nigeria Labour Congress recently declared that th...
  15. siteadmin

    Business Aliko Dangote To Pump $450m Into Niger State Agric Sector

    It is all smiles in Niger state as Aliko Dangote has made a commitment to pump 0m into the agriculture sector in the state over the next 3 years. Speaking during the 2017 Niger State Investment Summit in Minna, Dangote said the funds would be use...
  16. RemmyAlex

    Business FG Raises Alarm Over Looming Scarcity Of Beef, Dairy Products

    The federal government has raised the alarm on the rising demand for beef in the country, vis-a-vis its availability, saying the gap could lead to the scarcity of beef and dairy products in the country. The Minister of Agriculture and Rural Developm...
  17. Samguine

    Business Nigeria - 14/08/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (14/08/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  18. Samguine

    Business Nigeria - 11/08/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (11/08/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros ...
  19. RemmyAlex

    Business Governor Ganduje, Dangote Sign $150m Solar Power Project

    Governor Abdullahi Umar Ganduje-led Kano state government, Dangote Group of Companies and Black Rhino Group on Thursday in Kano signed a 0 million Memorandum of Understanding on Solar Power project. The project is expected to generate 100 megawat...
  20. RemmyAlex

    Business Nigeria's External Reserves Rise to 2-year High At $31.2bn

    Nigeria’s external reserves rose to more than two-year high of .22bn on August 8, data from the Central Bank of Nigeria showed on Wednesday. The foreign exchange reserves, which have been battered by lower oil prices, climbed back to a level they...

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