naijabizcom news

  1. Nigeria Business News

    Business Nigeria Foreign reserves fall by $1.26bn in four weeks – Naijabizcom

    Nigeria’s foreign reserves fell by $1.26bn from $41.76bn in October 2 to $40.5bn as of the end of October 30, according to figures from the Central Bank of Nigeria on Thursday. The reserves which had continued to shed in recent months dropped by $482.18m from N45.14bn as of July … Read more...
  2. Nigeria Business News

    Business Access Bank Gives Customers one week free Instant Transfer – Naijabizcom

    It’s not every day that an organization runs a cost-intensive promo across-the-board as a compensatory move of gratitude. Access Bank, Nigeria’s leading retail bank, is doing that in an amazing way. The bank is offering its customers, who are in tens of millions, free instant transfers for a...
  3. Nigeria Business News

    Business Banks responsible for N1.79tn non-performing loans – AMCON boss – Naijabizcom

    Deposit money banks (DMBs) in the country are largely responsible for the huge portfolio of over N1.79trillion non-performing loans, the Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru has said..... Read more via Naijabizcom – Get...
  4. Nigeria Business News

    Business Shell JV, SNEPCo have paid $2b to NDDC’ – Naijabizcom

    The Shell Petroleum Development Company (SPDC) Joint Venture, Shell Nigeria Exploration and Production Company (SNEPCo) and its co-venture partners have contributed $2 billion to the Niger Delta Development Commission (NDDC)..... Read more via Naijabizcom – Get more...
  5. Nigeria Business News

    Business Nigerians To Pay More For Electricity Consumption by 2020 – NERC – Naijabizcom

    The Federal Government of Nigeria through the Nigerian Electricity Regulatory Commission has increased the tariff payable by power consumers across the country.... Read more via Naijabizcom – Get more: Nigeria Business News
  6. Nigeria Business News

    Business GTBank declares N8.83b interim dividend on H1 Results – Naijabizcom

    GUARANTY Trust Bank (GTB) Plc will be distributing N8.83 billion as interim cash dividends to shareholders after pre-tax profit rose to N115.79 billion in the first half of this year.... Read more via Naijabizcom – Get more: Nigeria Business News
  7. Nigeria Business News

    Business CBN’s report: AMCON N3.8tr Bonds mature 2023 – Naijabizcom

    The Asset Management Corporation of Nigeria (AMCON) N3.8 trillion six-year Notes will mature in 2023, a report by the Central Bank of Nigeria (CBN) has shown. According to the CBN’s Annual Activity Report, the AMCON Bond was issued in December 2014 at six per cent interest rate and have …...
  8. Nigeria Business News

    Business Access Bank Nigeria Introduces Loan For Smartphone Purchase – Naijabizcom

    Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion..... Read more via Naijabizcom – Get more: Nigeria Business News
  9. Nigeria Business News

    Business Stakeholders seek clarification of forex ban for food import – Naijabizcom

    Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security, and as such, the Central Bank of Nigeria (CBN), should not.... Read more via Naijabizcom – Get more: Nigeria...
  10. Nigeria Business News

    Business CBN Plans Single-digit Interest Loan For Oil Palm Producers In SE/SS – Naijabizcom

    The Central Bank of Nigeria on Monday unveiled fresh plans to revive the palm oil value chain to enable the sector to generate foreign exchange and reduce the level of unemployment in the country. The CBN Governor, Mr Godwin Emefiele, unveiled the strategies while speaking during a meeting...
  11. Nigeria Business News

    Business Palm oil imports gulp N504bn in five years – Naijabizcom

    Importation of palm oil into the country gulped $1.4bn (about N504bn) in the past five years, investigation has shown. Global import data from the United States Department of Agriculture indicate that Nigeria imported a total of 2.04 million tonnes of palm oil between 2014 and the first few...
  12. Nigeria Business News

    Business Olam offers N120 billion to buy Dangote Flour Mill – Naijabizcom

    Olam International, a leading food and agri-business company, that previously showed interest in the acquisition of Dangote Flour Mill (DFM) has made a final offer of N120 billion. The transaction if successful will make DFM a completely owned subsidiary of Olam International. Dangote Flour...
  13. Nigeria Business News

    Business Kwik launches in Lagos to provide B2B, on-demand Delivery Service – Naijabizcom

    Committed to providing B2B-focused, on-demand, and last-mile delivery service in Nigeria, Africa Delivery Technologies, which trades as Kwik, has launched in Lagos. The startup, which was founded in July 2018, is the latest on the African continent to go after solving the logistics and last...
  14. Nigeria Business News

    Business Development Bank of Nigeria Gives N70bn MSMEs Loans in 18 months’ – Naijabizcom

    The Chairman of the Development Bank of Nigeria (DBN), Dr. Shehu Yahaya, has said the bank has impacted over 50,000 Micro, Small and Medium scale Enterprises (MSMEs) and has given out about N70bn in loans to them since inception one and half years ago. DBN was established in 2014, … Read...
  15. Nigeria Business News

    Business Nigeria to Sell 10% of Own Oil Exports to India – NNPC – Naijabizcom

    The Nigerian National Petroleum Corporation (NNPC) says it will supply 10 per cent of its crude oil export to India to help resolve a growing energy crisis in the country. India, the world’s second most populous country, needs crude oil and refined petroleum products from other countries to...
  16. Nigeria World News

    World Pummelled Pound Set For Biggest Monthly Loss Against Euro In Two Years – Nbc

    The pound was on track for its biggest monthly loss against the euro in two years on Friday, also losing ground against the dollar as currency markets were swept by rising risk aversion. U.S. President Donald Trump’s shock threat to slap new tariffs on Mexico sent investors to the … Read...
  17. Nigeria Metro News

    Metro Man pretending to be Mad Nabbed Trying to Kidnap a Child in Lagos – NaijaBizCom.Com

    According to Ifetemi who shared the report via his social media, the man who many believed was a madman was caught at Egbeda trying to kidnap a child before he was arrested. Ifetemi wrote ; We should all be very vigilant about people we see nd think they are … Read more via NaijaBizCom.Com...
  18. Nigeria Entertainment News

    Entertainment I have not Seen a Man that Meet my Demands’ – Actress, Ebube Nwagbo – NaijaBizCom.Com

    Nigeria‘s Nollywood Actress, Ebube Nwagbo in an interview with Saturday Beats has said that she won’t be rushing to marriage for now, as she’s yet to find the man that pleases her. According to the single actress she’s been having lots of pressures to get married, but she won’t. She said; …...
  19. Nigeria Entertainment News

    Entertainment Dj Khaled Spotted Jamming To Davido’s Fall – VIDEO – NaijaBizCom.Com

    Davido’s Fall continues to gain recognition worldwide as more international artistes have come out to praise the singer’s musical prowess. Several celebrities like Tory Lanez, Busta Rhymes and Prayyah have been spotted listening to and Dj … via NaijaBizCom.Com – Get...
  20. Nigeria Business News

    Business Fintech, Not a Threat as Commercial Banks Collect N25 trillion Customers’ Deposit – NaijaBizCom.Com

    Despite the surge in activities of financial technology (fintech) companies that have continued to encroach on commercial banks’ businesses, 11 banks in the country raked in a total of N24.957 trillion as customer deposits as at the end of 2018. The amount represents an increase of 16 per cent...