nairametrics news

  1. Nigeria Business News

    Business Smartphone users spend $120 billion on mobile apps in 2019 – Nairametrics

    Smartphone users spent $120 billion on mobile apps, as 204 billion apps were downloaded in 2019, setting a record higher than that of 2018, the annual State of Mobile report has shown. The annual report, “State of Mobile” by App Annie disclosed that the number of mobile apps downloaded climbed...
  2. Nigeria Business News

    Business UBA Recruits 4000 New Staff, Promotes Over 5,000 Staff members; increases Salaries Up to 170%. – Nairametrics

    Lagos, Nigeria, January 06, 2020: Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank yesterday announced its promotion to new grades as well as salary upgrades with immediate effect this January.... Read more via Nairametrics –...
  3. Nigeria Business News

    Business FG may increase electricity tariffs to improve power supply – Nairametrics

    Nigerians will start paying more on electricity supply as the Federal Government plans to boost power supply. The Minister of Power, Saleh Mamman, said the hike was inevitable due to the rising cost of electricity generation in Nigeria. According to Mamma, improvement in electricity supply...
  4. Nigeria Metro News

    Metro Border closure: Senate to probe closure of Nigerian businesses in Ghana – Nairametrics

    The Nigerian Senate has directed its Committees on Foreign Affairs and Trade and Investment to investigate the alleged shutdown of Nigerian businesses in Ghana. The probe was initiated as the operation of about 600 businesses belonging to Nigerians were allegedly shut... Read more via...
  5. Nigeria Business News

    Business Jumia shuts down operation in Rwanda – Nairametrics

    Africa’s e-commerce giant, Jumia, has continued to shut down its operations across Africa, with the latest being Rwanda. The company recently sent a message to its Rwandan customers saying that “We regret to inform you that Jumia will suspend our.... Read more via Nairametrics –...
  6. Nigeria Business News

    Business Top Nigerian CEOs that lost their jobs in 2019; what are they doing now? – Nairametrics

    2019 has been an interesting year in corporate Nigeria. As expected, a lot of the companies on the Nigerian Stock Exchange released quarterly financial statements, some of which were impressive and others not so impressive.... Read more via Nairametrics – Get more...
  7. Nigeria Business News

    Business Nigeria may fall into recession if…, World Bank warns – Nairametrics

    The World Bank has warned that Nigeria may fall back into recession, highlighting conditions that may drag the nation’s economy into the downturn witnessed in 2016. The bank stated in its latest Nigeria’s Economic Update, that a decline in oil prices to the levels seen in 2016 would...
  8. Nigeria Business News

    Business Inflation may rise if borders are not opened – LCCI – Nairametrics

    Nigeria’s inflationary trend may move higher in the coming months if the nation continues to close its borders to its West African countries. This is according to the outgoing President of LCCI, Babatunde Ruwase... Read more via Nairametrics – Get more: Nigeria...
  9. Nigeria Business News

    Business Data War: MTN edges out Airtel for first time in 5 months as 493,556 subscribers dump Glo, 9mobile – Nairametrics

    Competition for internet subscribers in Nigeria took a different turn as Nigeria’s largest mobile telecommunication company, MTN, led the way in the month under review. Operators in the industry showed no sign... Read more via Nairametrics – Get more: Nigeria Business News
  10. Nigeria Business News

    Business KPMG lists trends that will determine Nigerian economy in 2020 – Nairametrics

    KPMG has listed global pressure points and external shocks, fiscal unsustainability, exchange rate market, credit and reactive policy environment as factors that would determine the success of the Nigerian economy in 2020.... Read more via Nairametrics – Get more...
  11. Nigeria Business News

    Business Mavin Records expands, opens new offices – Nairametrics

    In a bid to expand its operations, Mavin Records, Africa’s leading record label, has commissioned its new creative and corporate office spaces in Lagos. In a statement signed by the Chief Executive Officer of the record label, Michael Collins Ajereh a.k.a Don Jazzy, the brand stated that it...
  12. Nigeria Business News

    Business Prices of tomatoes, frozen foods, onions, others jump, as low demand hits imported rice – Nairametrics

    As the Christmas festive season approaches, Nairametrics Research Team found out that the prices of major household commodities have increased significantly in the past two weeks. Also, as a result of varieties of local rice in major markets, prices of foreign rice slightly reduced.... Read...
  13. Nigeria Business News

    Business Seyi Tinubu acquires Sim Shagaya’s advertising company, E-Motion – Nairametrics

    Seyi Tinubu has acquired advertising company, E-Motion Advertising, founded by Sim Shagaya. Tinubu, an industry player in outdoor advertising, acquired E-Motion through his company, Loatsad Promomedia Limited. The acquisition is the latest in the advertising world. Both E-Motion Advertising...
  14. Nigeria Business News

    Business Nigerian startups dominate winners’ list at the maiden Africa Netpreneur Prize Initiative – Nairametrics

    It was an interesting time, over the weekend, for the ten African startups that won a total of $1 million at the grand finale of the maiden edition of the Africa Netpreneur Prize Initiative (ANPI). The event took place in Accra and was attended by Jack Ma, the Chinese … Read more via...
  15. Nigeria Business News

    Business Multiple taxes scare investors, stifle economic growth, ALTON warns – Nairametrics

    The Association of Licensed Telecoms Companies of Nigeria (ALTON) has called on the Federal Government to address the issue of multiple taxes which it described as irrelevant, as it stifles economic growth. Chairman, ALTON, Gbenga Adebayo, in an interview, said the development had been a...
  16. Nigeria Business News

    Business Nigeria Customs service records N1.002trn revenue in 9 months – Nairametrics

    About N1.002 trillion was generated between January and September 2019 by the Nigeria Customs Service (NCS). This is according to data from the Department of Research and Statistics.... Read more via Nairametrics – Get more: Nigeria Business News
  17. Nigeria Business News

    Business YouTube’s new policy creates uncertainty among content creators – Nairametrics

    Online streaming service, YouTube seems to have instilled fear in content creators with its newly updated Terms of Service scheduled to take effect from..... Read more via Nairametrics – Get more: Nigeria Business News
  18. Nigeria Business News

    Business Nigeria loses $41.9 billion to crude oil theft in 10 years – Nairametrics

    Nigeria lost $41.9 billion to crude oil and refined products theft between 2009 and 2019, a report obtained by Nairametrics from Nigeria Extractive Industries Initiative disclosed. According to the policy brief of the agency, which was released on Wednesday, the nation lost $38.5 billion on...
  19. Nigeria Business News

    Business Nigeria may benefit from this Volkswagen, Siemens Africa deal – Nairametrics

    The automotive industry in Nigeria may be the beneficiary of a new joint development agreement between Volkswagen and German-based Siemens company.... Read more via Nairametrics – Get more: Nigeria Business News
  20. Nigeria Business News

    Business Ernest Ndukwe steps down from Access Bank’s board – Nairametrics

    The Board of Directors of Access Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the resignation of Ernest Ndukwe as an Independent Non-Executive Director from the bank’s board..... Read more via Nairametrics – Get more: Nigeria...