Business News

Nigeria News -Business News updates and Summaries in Nigeria today
  1. RemmyAlex
  2. RemmyAlex

    Business Price of Garri Crashes By 60% to N450 in Enugu

    Price of garri, a staple in the country, has dropped by more than 60 percent in Enugu within four months. NAN correspondent who conducted a market survey on the staple on Monday, observed that the price has gone down from as high as N1, 250 to betwe...
  3. RemmyAlex

    Business Buhari Considers Review Of NNPC Appointments Made By Maikanti Baru

    President Muhammadu Buhari-led federal government is currently considering a review of the recent senior executive appointments of the Nigeria National Petroleum Corporation (NNPC) made by its Group Managing Director, Dr. Maikanti Baru. The decision...
  4. RemmyAlex

    Business Dangote Controls 65% of Domestic Cement Market

    Dangote Cement has maintained its dominance in the Nigeria domestic cement market with 65 per cent of the total market volume. According to the results for the nine months ended September 30, 2017, the plant has doubled the size of the cement sector...
  5. RemmyAlex

    Business 16 Firms Submit Bid To Acquire 9mobile [See NAMES]

    No fewer than 16 firms have submitted expressions of interest (EoIs) to Barclays to bid for 9mobile, Nigeria’s fourth largest network operator, THISDAY Newspaper reports. Companies that have expressed interest in 9mobile, which until recently was Et...
  6. Samguine

    Business Nigeria - 23/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (23/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  7. RemmyAlex

    Business Why Crude Oil Prices May Rise Above $60 Per Barrel

    Oil prices rose on Monday over supply concerns in the Middle-east as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at .84 while U.S. Wes...
  8. RemmyAlex

    Business FG Obtains Court Order to Takeover Bank Accounts without BVN

    From November 2017, the federal government may take over funds kept in accounts without bank verification number (BVN). An Order papers seen by TheCable show that 19 banks across the country were given an ultimatum of 14 days to advertise accounts w...
  9. RemmyAlex

    Business TVC Communications Changes Radio Continental To Hit Music Station 102.3 Max FM

    TVC Communications, operators of TVC Entertainment, TVC News, and Adaba FM, has launched a new hit music radio station, 102.3 Max FM, which replaces Radio Continental 102.3 MAX FM was launched at a spectacular event in Lagos city last night at the F...
  10. RemmyAlex

    Business Skye, First Bank Takeover Evans Medical Plc

    Skye Bank Nigeria Plc and First Bank of Nigeria have taken over its asset of Evans Medical Plc, the management has said. Adesua Akintemi, the company’s secretary, disclosed this in a statement shared with TheCable. The statement said the company ha...
  11. RemmyAlex

    Business PHOTO: Here's Nigeria's 2017 Budget Performance in the First Half

    Nigeria's budget performance in the first half of 2017 shows oil revenue more or less as expected while non-oil revenue was way down despite the diversification of the economy by the Muhammadu Buhari's administration The analysis was shared by Paul ...
  12. RemmyAlex

    Business Intels Apologises to FG, Promises To Comply With TSA Policy

    Founder of Intels, Gabriele Volpi, has apologised to the federal government over the dispute that resulted in the termination of his company’s pilotage agreement with the Nigerian Ports Authority (NPA). The agreement had allowed Intels to receive re...
  13. RemmyAlex

    Business Radio Continental Goes Off Air Today, Changes To Max Radio

    Radio Continental, one of Continental Broadcasting Service, CBS station is going off air today. Recall that Continental Broadcasting Service, CBS, owners of Television Continental (TVC), Radio Continental, had in June 2017 relieved 145 workers from ...
  14. Samguine

    Business Nigeria - 20/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (20/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  15. Lequte

    Business Nigeria Begins Exportation of Steel

    The Nigerian steel industry is going through a transformation as African Industries Group, the largest steel manufacturer in the country, has started exporting the product to Morocco, Egypt and Ghana. Steel is made from iron ore, limestone and natu...
  16. RemmyAlex

    Business IBB University Explores Oil, Gas in Bida, Sokoto Basins

    The Ibrahim Badamasi Babangida University, Lapai, Niger, says it has begun another round of oil and gas exploration research in the Bida and Sokoto Basins. This was disclosed at a two-day workshop with the title “Bida and Sokoto Basins Hydrocarbon E...
  17. Samguine

    Business Nigeria - 19/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (19/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  18. RemmyAlex

    Business Price Of Rice Crashes By 35% in Katsina, Other Food Items Also Down

    The price of farm produce has significantly reduced as farmers are recording bumper harvests in Katsina State, Daily Trust reports. According to the report, several factors, such as complementary and composite demands of the produce have seen prices...
  19. Samguine

    Business Ecobank Nigeria Taken To Court Over Alleged N31m Contract Scam

    A real estate firm, Jetland Properties Limited, has filed a N31m lawsuit against Ecobank Nigeria Limited over alleged breach of contract. The firm, in the suit before the Lagos State High Court in Igbosere, alleged to have been engaged by the commer...
  20. Samguine

    Business House Of Reps Order NPA To Reinstate Contract With Atiku's INTELS

    The House of Representatives has called on the Nigerian Ports Authority (NPA) to reinstate the contract of Integrated Logistic Facilities and Services, also known as Intels Nigeria Limited. NPA had terminated its boats pilotage monitoring and superv...
  21. RemmyAlex

    Business Nigeria's External Reserves Climb 3-Year High At $33 Billion

    Nigeria’s external reserves has risen to a three-year high of .112 billion as of October 12, according to figure obtained from the Central Bank of Nigeria’s (CBN) website. The sustained accretion in the reserves is driven majorly by increased for...
  22. RemmyAlex

    Business NSE Suspends Trading In Oando Shares

    The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to suspend trading in the shares of indigenous energy firm, Oando Plc. A statement on NSE’s website said the exchange is to implement a full suspension in th...
  23. RemmyAlex

    Business Oil Prices Edge Towards $59 On Expected Tensions in Iraq, Iran

    Oil prices rose to on Wednesday, following a fall in U.S. crude inventories and concerns that tensions around oil rich Iraq and Iran could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars ...
  24. Samguine

    Business Nigeria - 18/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (18/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  25. RemmyAlex

    Business NBS Report: Petrol, Kerosene Prices Rise In September

    The average prices of petrol and kerosene as reportedly bought by Nigerians increased in September even as there was a decline in average prices of cooking gas and diesel. This is contained in four separate reports on petrol, kerosene, cooking gas a...
  26. RemmyAlex

    Business FIRS Moves Against Atiku's Company, INTELS Over Tax Non-compliance

    Integrated Logistics Services (Intels), the services company owned by former Vice-President Atiku Abubakar may have another battle to face with the Federal Inland Revenue Service (FIRS) over non-compliance on tax related matter. This is coming few d...
  27. Samguine

    Business Where Is TSTV Nigeria 17 Days After Launch? - Biola Kazeem

    Renowned sport analyst Biola Kazeem has taken to Twitter to express his thoughts on the inability of TSTV to commence operation 17 days after launching. He also flayed Nigerians on their gullibility and willingness to accept promises without question...
  28. RemmyAlex

    Business Nigerian Inflation Drops to 15.98% in September as Hike In Food Costs Persist

    Nigerian inflation rate decreased to 15.98 percent from 16.01 percent in August, the National Bureau of Statistics said. In the report released on Tuesday in Abuja, the bureau explained that the drop in Nigeria’s rate of inflation in September was t...
  29. Samguine

    Business Nigeria - 17/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (17/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  30. RemmyAlex

    Business Nigeria Immigration Service Rules Out Visa On Arrival For Africans

    The Nigeria Immigration Service (NIS) has said that there was no policy for issuance of visa on arrival Africans visiting the country. A statement by the Service’s Public Relations Officer, Mr. Sunday James, an Assistant Comptroller of Immigration (...
  31. RemmyAlex

    Business FG To Ban Use Of SMS In Banking Transactions

    Federal government may soon outlaw sending of vital bank details via short message services (SMS) in Nigeria because of its associated risks. The Nigerian Communications Commission (NCC) has said it was already engaging with the Central Bank of Nige...
  32. RemmyAlex

    Business 10 Top Earning States From Federation Account In September

    The 36 states shared N173.8 billion from the Federation Account in September from the distributable revenue generated for the month. The breakdown was obtained by the News Agency of Nigeria (NAN) in a report from the office of the Accountant-General...
  33. Samguine

    Business Nigeria - 16/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (16/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  34. Samguine

    Business Why Nigeria Has To Borrow More - Kemi Adeosun

    Kemi Adeosun, the Minister of Finance, has revealed that Nigeria needs to borrow more for it to deliver critical infrastructural projects like roads and power She predicated her claim on the fact that Nigeria currently has one of the lowest debt-to-...
  35. RemmyAlex

    Business Global Oil Price Rises To $57.8 Per Barrel

    Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices hike. Brent crude futures, the internatio...
  36. Lequte

    Business Dangote Launches Rice Farming Project For Unemployed Nigerian Graduates

    The Dangote Rice Limited has launched a multi million naira initiative- Dangote Youth Rice Farm project, to meet the country's demand for rice as well as provide employment for the nation's teeming youths. The project, mainly an out-grower scheme f...
  37. Lequte

    Business CBN Gov Emefiele: Naira Set to Appreciate Against Dollar

    The governor of the Central Bank of Nigeria, (CBN ) Godwin Emefiele is bullish about the naria. According to him, the naira is now stable due to improvements in the country's economy. “The fundamentals we are seeing show that there is a lot of st...
  38. Lequte

    Business NNPC Crisis: Ibe Kachikwu is a Minister Without Portfolio- Prof. Tam David West

    Professor Tam David West, the Minister of Petroleum and Energy resources during Muhammadu Buhari's first administration has weighed in on the crisis in the Nigeria National Petroleum Corporation, NNPC, between Maikanti Baru and Ibe Kachikwu, the curr...
  39. RemmyAlex

    Business NNPC Shuts Kaduna, Warri Refineries As Operation, Maintenance Costs Increase

    The Nigerian National Petroleum Corporation (NNPC) has indefinitely shut down two of the nation’s three refineries due to increase in their operation costs and several maintenance interventions. A Government official told Dailytrust that the two ref...
  40. RemmyAlex

    Business NIPOST To Begin Banking Services

    The District Manager, Nigeria Postal Service, Ilorin, Mr Godwill Magulike, said on Friday that the agency would soon introduce agency banking services in its operation. Magulike said in Ilorin that the agency’s banking services would enable Nigerian...
  41. RemmyAlex

    Business NNPC Moves To Intensify Efforts For Oil Search in 7 Inland Basins

    The Nigerian National Petroleum Corporation (NNPC) has said that it will reinvigorate exploratory activities in the seven hydrocarbon basins in the country. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this yesterday when he received t...
  42. Samguine

    Business Nigeria - 13/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (13/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  43. Lequte

    Business Buhari Set to Review Privatization of Power Sector

    The federal government has hinted on reviewing the privatization of the nation's power sector. On Thursday, President Muhammadu Buhari insinuated that the privatisation of power plants in the country would soon be reviewed to enable government rest...
  44. RemmyAlex

    Business Atiku's INTELS Kicks Against FG's Termination Of Agreement with NPA

    The management of INTELS Nigeria Limited has kicked against the termination of its Pilotage Agency Agreement by the Nigerian Ports Authority by the President Muhammadu Buhari-led federal government. INTELS said the termination of the agreement was “...
  45. Samguine

    Business Nigeria - 12/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (12/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  46. Lequte

    Business Crude Oil Contracts: NNPC Heaps More Coals on Kachikwu's Head

    The Nigeria National Petroleum Corporation, NNPC, has released a fact-sheet, reiterating that the allegations made by Ibe Kachikwu, the Minister of State for Petroleum Resources that he was sidelined in the award of contracts and appointments are unt...
  47. RemmyAlex

    Business Price of Local Rice Falls in Jalingo Markets - NAN

    The price of local rice has significantly dropped in some major markets in Jalingo, Taraba. A survey conducted by the agency on Wednesday at Gadar Bobboji, Kasuwan Bera and Mile Six Markets, shows that the price has significantly decrease. A measur...
  48. Samguine

    Business Nigeria - 11/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (11/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  49. RemmyAlex

    Business The Secret Of My Successful Businesses - Dangote

    Africa’s richest man and most successful industrialist, Aliko Dangote, on Monday revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes. “We are not ...
  50. Samguine

    Business Nigeria - 10/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (10/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  51. Lequte

    Business MTN Nigeria Reviews Internet Data Subscription Plans

    MTN Nigeria has modified its data plans for its subscribers. The firm didn't cut down on data allocations of its plans, but instead restricted some of its use to night time only. The former N500 weekly plan which gets one 750MB will still give one 7...
  52. RemmyAlex

    Business Nigeria’s Forex Reserves Hit $32.7Bn, Highest in 2 Years

    Nigeria’s foreign exchange reserves rose 3.12 per cent month-on-month to .74 billion by Oct 3, the Central Bank of Nigeria (CBN), had said, indicating a significant growth in the country’s dollar savings. The external reserves were at .75 bill...
  53. RemmyAlex

    Business Kachikwu Was Duly Informed About Contract Awards – NNPC Reacts

    The Nigerian National Petroleum Corporation (NNPC) has said that it duly informed the Minister of state for Petroleum, Dr, Ibe Kachikwu in the award of crude oil contracts. Kachikwu had accused Maikanti Baru, group managing director GMD) of the oil ...
  54. Samguine

    Business Nigeria - 09/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (09/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  55. RemmyAlex

    Business NNPC Gets Green Light To Reply Kachikwu's Letter

    The Nigerian National Petroleum Corporation (NNPC) have received green light to respond to the allegations levelled against its Group Managing Director Maikanti Baru by the Minister of State, Petroleum Resources, Ibe Kachikwu in a letter to President...
  56. RemmyAlex

    Business TSTV Africa: We Are Not Recruiting At The Moment

    TSTV Africa has debunked rumour about its on going recruitment exercise circulating in an online publication (NOT Nigerian Bulletin). The organization in a release on Friday emphasised that TStv Africa has not authorized any recruitment exercise as ...
  57. RemmyAlex

    Business NNPC Records Double Export Receipts, Posts $471.9m In July

    The Nigerian National Petroleum Corporation, NNPC has announced a total export receipt of 1.90 million for the month of July 2017 as against 9.34 million posted in June 2017. According to the July edition of the Monthly Financial and Operation...
  58. Samguine

    Business Nigeria - 06/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (06/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  59. Lequte

    Business FG Hands Fashola N100bn For Construction of 25 Major Roads Across Nigeria

    The Federal Government has released the debut Sovereign Sukuk of N100 billion to the Works ministry for the construction of major roads in Nigeria. The bond, which was issued in September 2017, was successfully completed last week. Nigeria's Finan...
  60. Lequte

    Business Buhari Appoints Aisha Ahmad as New CBN Deputy Governor

    President Muhammadu Buhari has forwarded Aisha Ahmad's name to the senate for confirmation as the new Deputy Governor of the Central Bank of Nigeria, CBN. She is to replace the former deputy whose tenure expired early this year. In a letter writt...
  61. RemmyAlex

    Business Naira Hits 363 Per Dollar As CBN Pumps $195m Into FX Market

    Nigerian naira appreciated to 363 naira to the dollar at the parallel market as Central Bank of Nigeria, CBN, continues to mop up liquidity in the forex exchange market. The currency on Thursday, however, dropped 0.02 per cent at the CBN official ma...
  62. RemmyAlex

    Business Why US Rejected Nigeria's Yam - Audu Ogbeh

    Nigeria's Minister of agriculture, Audu Ogbeh has said that the United States rejected yam exports from Nigeria because of their poor quality. In June, Nigeria exported yams to China, United Kingdom and US as part of efforts to reduce dependence on ...
  63. Samguine

    Business Nigeria - 05/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (05/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  64. RemmyAlex

    Business CBN Pumps N44bn for Anchor Borrowers’ Programme

    The Central Bank of Nigeria (CBN) has so far released N43.92 billion to farmers under its Anchor Borrowers Programme (ABP) through 13 participating institutions. Over 200,000 small holder farmers from 29 states of the federation have also benefited ...
  65. RemmyAlex

    Business Buhari Approves Payment Of N25.9bn to Discos

    President Muhammadu Buhari-led Federal Executive Council has approved the payment of N25.99 billion to electricity distribution companies in the country as party of the power sector recovery programme. The amount is part of the N67.41 billion the di...
  66. RemmyAlex

    Business Rice Operators Agree to Crash Price To N6,000 Per Bag

    Rice farmers, millers and processors on Wednesday announced that the price of a 50kg bag of rice will fall to as low as N6,000 in the next few months. The operators said the current market price of rice, which is about N15,000 per 50kg bag, will dro...
  67. RemmyAlex

    Business NNPC GMD, Baru, Visits Governor Ajimobi [PHOTOS]

    The Group Managing Director of the Nigeria National Petroleum Corporation, Dr. Maikanti Baru paid a courtesy visit to oyo state Governor, Senator Abiola Ajimobi at the government house. This is coming as the Nigerian Senate set up committee to look ...
  68. Samguine

    Business Nigeria - 04/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (04/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros ...
  69. RemmyAlex

    Business Kachiwku Writes Buhari, Accuses NNPC GMD, Baru Of Illegalities [See LETTER}

    The Minister of State for Petroleum, Ibe Kachikwu, has reported the Group Managing Director of the NNPC, Maikanti Baru, to President Muhammadu Buhari, urging him to take urgent actions on matters ranging from alleged illegal practices to insubordinat...
  70. RemmyAlex

    Business Ernest Akinlola Appointed AS Ntel New MD/CEO

    The board of ntel, Nigeria’s first 4G/LTE-Advanced network, has announced the appointment of Ernest Akinlola as its substantive Managing Director/Chief Executive Officer. Akinlola is a senior executive with over 20 years extensive experience in Tele...
  71. Samguine

    Business Nigeria - 03/10/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (03/10/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  72. RemmyAlex

    Business FG Grants 3-year tax Reliefs to TStv Africa

    The Federal Government of Nigeria has granted a 3-year tax relief to the newly inaugurated Pay TV operator in the country, TStv Africa, as well as tax free dividends to all investors in the company. The Minister of Information and Culture, Alhaji L...
  73. RemmyAlex

    Business FG Plans 10 New Rail Lines Nationwide [See LIST]

    The federal government is carrying out feasibility studies on the construction of 10 new standard gauge rail lines across the country. According to the Nigerian Railway Corporation, the standard gauge rail lines will cover a travelling distance of o...
  74. Lequte

    Business TStv Set to Provide Employment For 5000+ Nigerians

    The new satellite tv sensation in Nigeria, TStv, is set to employ more than 5000 people following its launch on October 1st, the independence day of Nigeria, Vanguard claims. According to TStv Managing Director/CEO, Echefu Bright Ikechukwu has said ...
  75. Lequte

    Business Left behind: How Singapore, Others Overtook Nigeria in Development

    It has been fifty-seven years after Nigeria gained independence from her colonial master, yet she's still struggling to find her feet in the world. However, other nations who attained independence in the 1960s are making great slides on the global sc...
  76. RemmyAlex

    Business FG Reveals Balance in Excess Crude Account

    The federal government on Thursday said that the Excess Crude Account stood at 2.309 billion dollars as at Sept. 27, 2017. Mr Ahmed Idris, Accountant-General of the Federation, stated this at the end of the monthly Federal Accounts Allocation Commit...
  77. RemmyAlex

    Business FAAC: See Breakdown Of How FG, States, LGs Share N637.7Bn In August

    The Federal Government, state and local governments shared N637.704 billion this month, September 2017. Mr Ahmed Idris, Accountant-General of the Federation, has said that stated this at the end of the monthly Federal Accounts Allocation Committee (...
  78. RemmyAlex

    Business How Nigerians Can Get Paid For Using Smartphone

    Users of smartphone across Nigeria can now make extra income with their internet enabled phones by just viewing ads. SkrinAd, a Nigeria-developed mobile application is providing a platform for phone users to rent their mobile phones screen as advert...
  79. RemmyAlex

    Business How FG Lost N30 Trillion in 2 Years

    The Director-General of the Nigeria Export Promotion Council (NEPC), Mr. Segun Awolowo, disclosed that Nigeria lost over N30 trillion, the equivalent of 0 billion, to the fall in the price of crude oil in the last two years. He stated while brief...
  80. Samguine

    Business Nigeria - 29/09/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (29/09/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  81. Lequte

    Business List of TStv Dealers in Nigeria

    Things are in high-gear for the launch of the much anticipated indigenous satellite television, TStv. The new television service is to launch on the 1st of October 2017, and offers a host of benefits. Learn more about TStv offerings Here's a list...
  82. RemmyAlex

    Business FG Did Not Ban Importation Of Rice – Agric Minister, Ogbeh

    Minister of Agriculture and Rural Development, Audu Ogbeh, has stated that the Federal Government did not ban the importation of agricultural produce including rice. He clarified that all the federal government did was to put measures in place to ch...
  83. Samguine

    Business Nigeria - 28/09/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (28/09/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  84. Lequte

    Business Coca-cola to Introduce Bottled Water, Flavored Milk and Iced Tea in Nigeria

    International beverage company Coca-Cola, in a bid to expand its customer base, said it plans to invest 0 million in Nigeria in the next few years. This was revealed by Peter Njonjo, President West Africa operations. Coca-cola also plans to incre...
  85. RemmyAlex

    Business CBN Explains 5 Reasons Why MPC Retained Interest Rate At 14%

    The Central Bank of Nigeria (CBN) has explained that the Monetary Policy Committee (MPC) left the monetary policy parameters unchanged to sustain gains so far achieved in inflation and forex stability. The apex bank Governor, Godwin Emefiele, stated...
  86. Samguine

    Business Nigeria - 27/09/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (27/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  87. RemmyAlex

    Business Dangote to Invest $4.6Bn In 4 Agricultural Sectors

    Alhaji Aliko Dangote, the Chief Executive Officer, Dangote Group, has said that the company would invest 4.6 billion dollars in nation’s agricultural sector in the next five years. He listed sugar, rice, tomatoes and oil palm as some of the agricult...
  88. Samguine

    Business Nigeria - 26/09/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (26/09/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  89. Samguine

    Business Nigeria - 23/09/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (25/09/2017) exchange rate of the Nigeria Naira against the Dollar, Pound and Euro. ...
  90. Samguine

    Business Sukuk Bond: FG Finally Speaks On Controversy

    The Federal Government has refuted claims by the Christian Association of Nigeria that there are plans to Islamise Nigeria through the recent launch of the N100bn Suku bond The Minister of Finance, Mrs. Kemi Adeosun, said this on the sidelines of an...
  91. siteadmin

    Business In Lagos: 112 Guests Evicted From Best Western Hotel By Police As AMCON Take Over Assets

    Over a hundred guest were reportedly evicted from the Best Western Hotel in Ikeja Lagos as AMCON, supported by heavily armed mobile policemen, took over the hotel. The Sun Newspaper reports that the incident, which is likely to cost over 400 jobs, s...
  92. RemmyAlex

    Business Nigeria To Have Finger-printing on Crude Oil to Check Theft

    The Nigeria government has said it would start conducting deoxyribonucleic acid finger-printing of the country’s crude oil to apprehend criminals by the end of the year. The Minister for Science and Technology, Dr. Ogbonnaya Onu, made this known dur...
  93. RemmyAlex

    Business Nigeria’s Power Generation Hits 7000 Megawatts

    Nigeria’s power generation as at September 2017 has increased up to 7001 megawatts with transmission up to 6,700 megawatts and distribution rising to 4,600 megawatts. The Minister of Power, Works and Housing, Babatunde Fashola speaking at the execut...
  94. RemmyAlex

    Business OPEC Further Exempts Nigeria From Oil Output Cut

    The Organization of the Petroleum Exporting Countries, OPEC, have further extended the exemption granted Nigeria and Libya over the output cut imposed on member countries in January 2017. The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMM...
  95. Samguine

    Business Nigeria - 22/09/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (22/09/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  96. RemmyAlex

    Business 4 Nigerian Banks In Trouble, Fall Below Financial Regulation Standard

    Four Nigerian banks are operating with too many non-performing loans on their books and with liquidity ratios below the minimum requirement, two members of the central bank monetary policy committee said in statements on the bank’s website. They di...
  97. Samguine

    Business Nigeria - 21/09/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (21/09/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro. ...
  98. RemmyAlex

    Business Crude Oil Price Hits $57 Per Barrel

    Oil prices rose on Wednesday in spite of a rise in US crude inventories with the market heading for its largest 3rd quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts. ...
  99. Lequte

    Business Nigeria: NNPC to Begin Oil Exploration in Sokoto Basin

    The Nigeria National Petroleum Cooperation (NNPC) has kick-started the process for oil and gas exploration in the Sokoto Basin, a statement signed by Gov. Aminu Tambuwal’s spokesman Malam Imam Imam said on Wednesday. According to the statement, NNP...
  100. RemmyAlex

    Business Dangote At UNGA, Prays That Oil Prices Remain Low

    Nigerian business leader Aliko Dangote told investors "Agriculture, agriculture, agriculture. Africa will become the food basket of the world." In a packed room at the headquarters of global law firm Shearman and Sterling LLC high level business le...
  101. Samguine

    Business Nigeria - 20/09/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's ( 20/09/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...

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