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

    Business [VIDEO] The Tangible Successes Achieved About Petrol Supply in Nigeria- Kachikwu

    Nigeria's Minister of State for Petroleum Resources, Ibe Kachikwu has announced that the country has seen a drop in importation of petroleum products. He said this in a podcast on Saturday. According to Kachikwu, the reduction has paved the way f...
  3. Lequte

    Business Emefiele: CBN Will Defend Naira Fiercely, It Will Keep Appreciating

    The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele recently stated that the apex bank would continue to intervene in the foreign exchange market to ensure the naira remains strong. “Our reserves stand at above bn and that provides ...
  4. Lequte

    Business Nigeria: 5 States to Build Solar Power Grids [See List]

    Five Nigerian states are to build solar-powered mini-grids in a bid to help the Federal Government’s resolve to improve electricity generation and supply. The states are: Kaduna Imo Rivers Delta Ogun, They will be partnering with GreenElec, a Fran...
  5. RemmyAlex

    Business Glo Nigeria Increases Data Charges By 100%

    Glo Nigeria has reviewed its data plan bundle by cutting it down by 100 per cent for all customers on its network. Glo, which offered a competitive cheap internet packages tailored to suit usage on mobile devices and computers, cut its mouth waterin...
  6. Samguine

    Business Nigeria - 28/04/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (28/04/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  7. RemmyAlex

    Business Nigeria: Domestic Debt Hits 2.95tn - See How Much Each State Is Owing

    The Debt Management Office (DMO) has said that the total domestic debt stock of the 36 states of the federation and the Federal Capital Territory (FCT) as at December 31, 2016, stood at N2.958 trillion. A breakdown of the indebtedness shows that Lag...
  8. RemmyAlex

    Business CBN Fulfils Promise, Sells Dollar At N360 To BDCs

    The Central Bank of Nigeria on Thursday sold ,000 to each registered Bureau de Change operators who bided for forex yesterday at a rate of 360 naira per dollar in order to boost liquidity. A Trader, Shehu Usman who confirmed the development told...
  9. Lequte

    Business Naira Falls to N390 Per Dollar at Parallel Market

    The Nigerian Naira on Thursday fell against the dollar at the parallel market, losing two points to exchange at N390 per dollar. The Pound Sterling and the Euro traded at N495 and N415, respectively. At the Bureau De Change (BDC) window, the naira...
  10. RemmyAlex

    Business Osinbajo Inaugurates National MSME Council [See NAMES]

    Nigeria’s Vice President, Professor Yemi Osinbajo, inaugurated the National Council on Micro, Small and Medium Enterprises, MSMEs, on Wednesday with a charge to provide strategies that will grow small businesses in Nigeria. The National Council on M...
  11. Oluogunjobi

    Business CNN's Richard Quest: My Generation Won't See The End Of Nigeria's Whistle Blowing Policy

    English journalist and anchor of CNN's Quest Means Business, Richard Quest is in Nigeria, and has been moving around one of the bustling cities, Lagos holding interviews, and plan to shoot his program 'Quest Means Business' live today. During one of...
  12. Samguine

    Business Nigeria - 27/04/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (27/04/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  13. Lequte

    Business AfriOne: First Smartphone Assembling Plant Launched in Nigeria [PHOTOS]

    The first smartphone assembling plant in Nigeria has been launched by AfriOne Limited in Lagos state. The plant is to providing the first indigenously produced smartphones in Nigeria as well as other consumer devices. The opening of AfriOne assem...
  14. RemmyAlex

    Business Lagos IGR 2016 Extends By 8.46% To N436.3bn

    The Lagos State Government extended internally generated revenue by 8.457 per cent to N436.3 billion 2016 from the N399.4 billion realised in 2015. The state realised N7 billion from Land Use Charge (LUC) in 2016 against N6 billion in 2015. Mr Akin...
  15. Samguine

    Business Nigeria - 26/04/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Nigerian naira opened trading on Wednesday on a positive note as Central Bank of Nigeria extends intervention to converge the official and black market rates. Table below shows today's (26/04/2017) exchange rate of the Nigerian Naira against the Dol...
  16. RemmyAlex

    Business Nigeria's Excess Crude Account Stands At $2.45bn

    Minister of Finance, Mrs Kemi Adeosun, on Tuesday revealed that Nigeria's excess crude account balance stood at 2.45 billion dollars. The Accountant-General, Mr Ahmed Idris, who represented Mrs. Adeosun, at the monthly FAAC meeting, held in Abuja, g...
  17. RemmyAlex

    Business Nigeria: BREAKDOWN Of How FG, States, LGs Shared N467.8Bn In March

    The Federation Account Allocation Committee (FAAC) on Tuesday said it shared N467.8 billion as revenue for March to the federal, states and local governments. The amount was N38.7 billion more than the amount shared by the three tiers of government ...
  18. Lequte

    Business Dangote Releases First Batch of Locally Assembled Trucks

    Dangote Sinotruck West Africa Limited on Tuesday rolled out its first set of locally assembled Chinese trucks, The Group General Manager, Projects, Mr. Hikmat Thapa, announced. According to him, the firm works in eight-hour shifts, assembling betwee...
  19. Jules

    Business CBN Governor - Nigeria Will Be Out Of Recession By Third Quarter

    Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN has said Nigeria will be out of recession by the third quarter of 2017. The CBN Governor made the remark after meeting with Senate Leadership; PUNCH reports. “We are very much optim...
  20. RemmyAlex

    Business How Nigeria's Digital Economy Can Create Over 3m Jobs

    Nigeria’s digital economy could add US billion and create over 3 million new jobs over the next 10 years. This is coming as Ministers from developing countries namely Nigeria, Mexico, Kenya, Argentina, Colombia, Sri Lanka, Uruguay, Chile, Costa R...
  21. RemmyAlex

    Business [VIDEO] CNN's Richard Quest Calls For Proper Deregulation, Open Transparency In Nigeria

    Richard Quest is CNN's foremost international business correspondent and host of Quest Means Business, has described Nigeria as a sleeping giant economically. Quest stated this on Wazobia TV in Lagos. He said: “for 30 years, I have been asked about...

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