nigeria business news

  1. Nigeria Business News

    Business No naira devaluation until reserves fall to $30bn, Emefiele tells investors in London – Businessday NG

    At an investor meeting in London, Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) told foreign investors that the apex Bank will meet all foreign exchange demands in as much as the.... Read more via Businessday NG – Get more: Nigeria Business News
  2. Nigeria Business News

    Business Food prices push Nigeria inflation to 17-month high after border closures – Reuters

    Higher food prices pushed up annual inflation in Nigeria last month after borders with neighboring countries were closed in a crackdown on smuggling. Nigeria closed parts of its borders in August to fight smuggling of rice and other goods..... Read more via Reuters –
  3. Nigeria Business News

    Business Access Bank appoints Awosika chair as Belo-Olusoga retires – Newtelegraph

    The Board of Directors of Access Bank Plc has appointed Dr. (Mrs) Ajoritsedere Awosika as Chairman of the bank. The bank also announced that its Chairman, Mrs. Mosun Belo-Olusoga, would be retiring in January 2020. This, according to a statement from the.... Read more via Newtelegraph –...
  4. Nigeria Business News

    Business Nigeria spends N837bn on fuel import in 3mths – Vanguard News

    NIGERIA spent N836.67 billion on the importation of Premium Motor Spirit, PMS, also known as petrol, and other petroleum products in the second quarter of 2019, according to data obtained from the National Bureau of Statistics, NBS. Data obtained from the NBS Foreign Trade … Read more via...
  5. Nigeria Business News

    Business Air Peace signs $212.6 million Embraer pact – TODAY

    Air Peace has signed a contract for the purchase of three additional Embraer 195-E2s regional jets valued at $212.6 million. The deal, according the airline’s spokesman, Kingsley Olisa, is a confirmation purchase rights from the original agreement signed with the Brazilian aircraft...
  6. Nigeria Business News

    Business Jumia suspends business in Cameroon – P.M. News

    Online retailer Jumia Technologies, often called “the Amazon of Africa”, said it suspended its e-commerce platform activities in Cameroon on Monday because it is not suitable for the country. Its shares have tumbled from its Wall Street initial public offering price … Read more via P.M...
  7. Nigeria Business News

    Business Malabu Oil Deal: Adoke detained in Dubai – Pulse Nigeria

    Adoke was in Dubai for a scheduled medical check-up when he was taken into custody. .The International Criminal Police Organization, more commonly known as Interpol, has arrested Nigeria’s former Attorney-General of the Federation, Mohammed Bello Adoke in Dubai, the United Arab Emirates...
  8. Nigeria Business News

    Business Vandals hit Nigeria’s oil export Nembe trunk line , Aiteo says.. – oglinks News

    Sustained economic sabotage by vandals on Nigeria’s oil-exporting Nembe Creek Trunk Line (NCTL) has led to significant losses in production, operator Aiteo Eastern Exploration and Development Limited said on Sunday.... Read more via oglinks News – Get more: Nigeria...
  9. Nigeria Business News

    Business Nigerian oil firm Seplat says CEO to retire in July – Reuters

    The chief executive officer of Seplat will retire in July and will be replaced by the chief financial officer, the Nigerian oil company said on Monday. Austin Avuru, who was managing director before becoming.... Read more via Reuters – Get more: Nigeria Business News
  10. Nigeria Business News

    Business VAT Collection Rises To N1.1trn In 2 Years – Leadership Newspaper

    Nigeria’s value added tax (VAT) collection grew by 34 per cent between 2016 and 2018 from N828 billion to N1.108 trillion, according to the Federal Inland Revenue Service (FIRS). In a presentation by coordinating director, Domestic Taxes Group, FIRS, Mr Abiodun Aina, at the Chartered Institute...
  11. 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...
  12. 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...
  13. 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...
  14. Nigeria Business News

    Business Bill Gates reclaims title as world’s richest man – Newtelegraph

    Foremost philanthropist and co-founder of Microsoft, Bill Gates, has reclaimed his title as the world’s richest man. The latest Bloomberg Billionaires Index said Gates, 64, now has $110 billion, deposing Amazon billionaire owner, Jeff Bezos, into second place at $109 billion..... Read more...
  15. Nigeria Business News

    Business Airtel to acquire additional spectrum in Nigeria for $70m – Capacity Media

    Airtel Africa confirms an agreement between Airtel Networks and Intercellular Nigeria to acquire additional 10MHz spectrum in the 900MHz band for approximately $70 million.... Read more via Capacity Media – Get more: Nigeria Business News
  16. Nigeria Business News

    Business Jack Ma pledges to promote inclusive digital economy in Africa –

    Jack Ma (4th L), the founder of China’s e-commerce giant Alibaba, attends the Nigeria Digital Economy Summit in Abuja, Nigeria, on Nov. 14, 2019. Jack Ma, the founder of China’s e-commerce giant Alibaba, pledged on Thursday to promote an inclusive digital economy in Africa. In a meeting with …...
  17. Nigeria Business News

    Business Nigeria: NEITI Bemoans Poor Punishment for Oil Theft – OGLinks News – Personalized Oil and Gas News

    The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the legally recognised fines for stealing Nigeria’s crude oil have remained abysmally poor, amounting to either N100 or N5,000, according to two separate laws in the country. .... Read more via OGLinks News –...
  18. Nigeria Business News

    Business NNPC trucks out N2.5trn worth of petrol in 10 months – Newtelegraph

    The Nigerian National Petroleum Corporation (NNPC) trucked out N2.517 trillion worth of Premium Motor Spirit (PMS) also known as petrol in 526,000 trucks across the country in the last 10 months. The corporation noted that 17.36 billion litres of PMS were moved out between January and October...
  19. Nigeria Business News

    Business Interswitch is about to become Nigeria’s first billion-dollar internet company, for real this time – Techpoint.Africa

    Several months ahead of its reportedly impending IPO in 2020, pioneering Nigerian fintech company, Interswitch may have just secured a huge boost to its valuation.... Read more via Techpoint.Africa – Get more: Nigeria Business News
  20. 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