business day news

The ruling All Progressives Congress, APC says the main opposition Peoples Democratic Party, PDP has perfected plans of vote buying at the Saturday scheduled Osun governorship rerun election. APC stressed that the aftermath of Saturday’s inconclusive Osun State governorship election has...

The Central Bank of Nigeria (CBN) this evening announced the takeover of Skye Bank, and the setting up of a new Bridge Bank called Polaris to manage the bank’s assets. A N786 billion facility is to be injected into the bank by AMCON, according … Read more via BusinessDay : News you can...

The Chief Judge of Federal High Court, Abuja Division, Hon. Justice Adamu Abdu Kafarati, has reiterated the need for judges in Nigeria to support the recovery efforts of Asset Management Corporation of Nigeria (AMCON) since the corporation was established as a central element of … Read more...

North and South Korea have agreed to jointly bid to host the 2032 Summer Olympic Games, both countries leaders – Kim Jong Un and Moon Jae-in – said in a shared statement on Wednesday. The leaders gave no details of which cities might host … read more via BusinessDay : News you can trust –...

Nigerian stock market failed to sustain Tuesday’s rally following 0.02percent decline recorded on Wednesday September 19, 2018. The Year-to-Date (YtD) returns closed at -15.34percent as only 24 stocks gained against 12losers. In what seems … Read more via BusinessDay : News you can trust –...

Nigerian stock market resumed uptrend on Tuesday September 18, 2018 following investors increased interest in low-priced value stocks. At the close of trading on Tuesday, twenty-seven (27) stocks led by Nestle Nigeria Plc advanced in price … Read more via BusinessDay : News you can trust –...

Workers in Nigeria will from next week know their fate on the proposed Federal government minimum wage as the National Minimum Wage Committee meet with the Economic Management Team (EMT) headed by Vice President Yemi Osinbajo. The meeting, BusinessDay gathered from sources at the … Read...

Exclusives Stock investors wealth depletes further by N98bn The value of listed stocks on the Nigerian Stock Exchange (NSE) depleted further by about N98billion after Thursday’s trading on the bourse. GTBank Plc stock led the basket of only nine stocks that gained against 26 losers … Read...

The Nigerian mini-grid market which the federal government is vigorously trying to develop with the aim of having stable power supply in the country offers revenue opportunity of $8 billion a year. According to a report which highlights the potential of the mini-grid market … Read more via...

The stocks of Nigerian Breweries Plc, GTBank Plc, Dangote Sugar Refinery Plc, Forte Oil Plc, and UAC of Nigeria Plc witnessed remarkable sell-off which thereafter impacted their prices after Tuesday’s trading on the Nigerian Bourse. Only 14 stocks advanced in price as against 29 … Read more...

Attorney General and Minister of Justice, AGF Abubakar Malami on Tuesday revealed that Federal government has so far recovered a total sum of N769b T This is just as federal government also revealed that it recovered N13.8billion from tax evaders in May 2018. Government also … Read more via...

Tesla shares dropped sharply on Friday after the electric-car company disclosed that its chief of accounting was leaving the company only weeks after coming aboard. The upheaval in the executive ranks emerged... Read more via Business Day – https://ift.tt/2QcAaIf Get more: Nigeria Business News

LOS ANGELES — One of the most unpopular decisions the Academy of Motion Picture Arts and Sciences has ever made was reversed on Thursday: The next Academy Awards will not add a category for achievement in “popular” films after all. ...... via NYT > Business Day – https://ift.tt/2oNpxPT Get...

The Inspector General of Police, Ibrahim Idris has ordered the dismissal of the three police officers, who carried out the raid on the Abuja residence of Niger Delta leader, Edwin Clark on Tuesday over suspected arms stockpile. The Force spokesman, Jimoh Moshood in a … Read more via...

The unfolding political drama in the commercial city of Kano, has entered another interesting phase in Kano, as an attempt by the national leadership of People Democratic Party (PDP) to replace the state executive committee … Read more via BusinessDay : News you can trust –...

Former Attorney General and Minister of Justice in the government of late former President Umaru Musa Yar’Adua, Michael Kaase Aondoakaa, has described the recent siege to the National Assembly by men of the Department of Security Services (DSS) as an embarrassment to Africa. In … Read more...

United Bank for Africa (UBA) plc has announced its audited 2018 half year financial results, showing strong growth across key performance metrics as well as a significant contribution from its African subsidiaries. Despite declining yield environment in two core markets, Nigeria and Ghana, the...

Keystone Bank Limited, one of Africa’s best customer service provider recently signed up popular Nollywood actress, writer and producer, Funke Akindele Bello popularly known as ‘Jenifa’ as its official brand ambassador in order to further deepen the brand’s growing impression in the market. By …...

A number of new investments in the manufacturing sector indicate that real sector players are confident of the Nigerian economy despite age-old challenges that have refused to go. This year alone, new factories and production lines have opened, and many manufacturers are entering into …...

In the first quarter of 2018, digital payments contributed 16 percent to MoneyGram revenue, just as total revenue of the firm rose 21 percent, primarily on ack of new customer acquisitions following the successful business expansion into Spain and France. According to World Bank’s … Read...