Business News

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

    Business MTN, Glo, Others May Block Skype, Whatsapp Calls

    Feelers from telecommunications companies (telcos) indicate that they may have no choice than to ban the use of mobile applications that allow unlimited voice and video calls between their users to boost revenue. Major operators in the country’s ...
  2. Samguine

    Business Nigeria - 20/02/2016: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (20/02/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  3. RemmyAlex

    Business Adoff Hitler's Phone 'Weapon of Mass Destruction' Sold For $243,000

    A telephone used by Adolf Hitler during World War Two has been sold for 3,000 (£195,744) at a US auction. The identity of the buyer, who bid by phone, has not been revealed. The bidding in Chesapeake City, Maryland, started at 0,000. The red...
  4. RemmyAlex

    Business Nigeria: We Are Not Recruiting – UBA

    United Bank For Africa, UBA Plc has debunked rumor circulating of the Banks' call for graduate trainee programme in 2017. The fake message has said that UBA is recruiting for fresh graduate in Nigeria for its 2017 graduate programme. The management...
  5. RemmyAlex

    Business CBN Releases Forex To Banks, Peg Naira Rate At 375 For School Fees, PTA

    The Central Bank of Nigeria has fund banks directly with additional foreign exchange as part of its efforts to alleviate the sufferings experienced by Nigerians, who source forex for school fees, medicals and personal traveling allowance (PTA), peggi...
  6. Lequte

    Business Goodie Ibru Resigns From Ikeja Hotels After Securing Victory as Legitimate Chairman

    Mr. Goodie Ibru, has resigned from his position at Ikeja Hotels Plc barely two months after securing a court victory which affirmed him as the authentic chairman of the firm. In a statement released on Sunday, Ibru said he took the decision in the ...
  7. Lequte

    Business Nigeria Now 2nd Largest Rice Producer in the World- Presidency

    Nigeria is now the second largest rice producer in the world, Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, has proclaimed. He said this at a special interactive session with the youths organized by Citizens S...
  8. Lequte

    Business Nigeria: Petrol Subsidy is Back, Actual Cost is N165/Litre

    The News Agency of Nigeria, NAN, has confirmed that the federal government has been subsidising the price of petrol sold to the populace by oil marketers. In several interviews conducted with authority figures at the NNPC and PPPRA, it was establis...
  9. RemmyAlex

    Business What New Nokia 3310 May Look Like [See PHOTOS]

    The Nokia 3310, one of the most-loved smartphones of all time will soon hit the market. The phone could feature a major upgrade as iconic smartphone gets a makeover for the Android smartphone age. See first emerged photos of how it may looks like: ...
  10. RemmyAlex

    Business Samsung's Vice-chairman, Lee Jae-Jong Arrested Over Alleged Corruption

    Lee Jae-Yong, the Vice chairman of Samsung, has been arrested in connection with a wide-ranging scandal in South Korea. According to the BBC, a South Korean court, said it "acknowledged that it was necessary to arrest in light of a newly added crim...
  11. RemmyAlex

    Business Senate Shocked As Debt Profile Up By 6:53% Under Buhari

    Nigerian senate was shocked the Debt Management Office (DMO) on Thursday said the country’s total public debt stock comprising external and domestic borrowing of the Federal Government, 36 states and the Federal Capital Territory (FCT) is now .39b...
  12. RemmyAlex

    Business FG Knives Out For Emefiele As Naira Dives Towards 600 To Dollar

    The federal government may soon use its sledge hammer on the Central bank of Nigeria governor, Mr. Godwin Emefiele as Naira dives towards 600 to the dollar at the parallel market. The National Economic Council (NEC) on Thursday expressed concern ove...
  13. Samguine

    Business Nigeria - 17/02/2017: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (17/02/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro ...
  14. RemmyAlex

    Business Naira: NEC Orders CBN To Quickly Review Exchange Rate

    The National Economic Council (NEC) on Thursday expressed concern over the exchange rate and directed the Central Bank of Nigeria (CBN) to quickly facilitate an urgent review of the current forex policy‎ in the country. The meeting which lasted for ...
  15. Lequte

    Business CBN Pumps $2.83bn Into Nigeria's Economy

    Nigeria's central bank has disbursed .83 billion to critical sectors of the economy in December and January, it said in a statement on Thursday. The action is in an attempt to kickstart a struggling economy and alleviate a drought of foreign curre...
  16. RemmyAlex

    Business Naira Free Fall: Crashes To 516/US$1

    The naira appears to have entered a free fall mode with the local currency selling for 516 per United States dollar on the streets of Lagos on Thursday. The currency plummeted at the parallel market from 510/dollar on Wednesday to 516/dollar on Thur...
  17. kemi

    Business How We Plan To Generate More Electricity For Govt – Baywood

    Nigerian owned Oil and Gas Company, Baywood Continental Limited has revealed its 2017 organisational goals which includes a corroboration of the government effort in generating more electricity. The Chief Executive Officer, CEO, of the company Ch...
  18. Lequte

    Business GTBank Appoints Bolaji Lawal as Executive Director

    Guaranty Trust Bank plc has announced the appointment of Bolaji Lawal as Executive Director and Babatunde Soyoye as Independent Non- Executive Director in a statement on Thursday. Prior to his appointment, Mobolaji Lawal was the Divisional Head, D...
  19. RemmyAlex

    Business Nigeria's Oil Production Hits 2 Million Barrels Daily

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Wednesday disclosed that crude oil production in the country had risen to two million barrels per day. Kachikwu made the disclosure when he met with the House of Representatives Comm...
  20. RemmyAlex

    Business Lenovo Net Profit Falls 67% In Q3

    Lenovo Group Ltd, the world’s largest personal computer maker, posted a 67 percent slide in third-quarter net profit, according to the company’s filing on Thursday. The company said in Hong Kong that the drop was due to supply constraints and a weak...

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