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nigeria business news

  1. Nigeria Business News

    Business Dangote makes about N2.7bn from cement sales every day – Nairametrics

    Nigerian business magnate, Aliko Dangote, makes about N2.7 billion from cement sales every day. This is according to the Group Managing Director of Dangote Cement Plc, Joseph Makoju, who disclosed that the cement company sells not less than 800,000 bags of cement products to the market daily...
  2. Nigeria Business News

    Business May and Baker Nigeria Plc appoints Senator Danjuma as a Director – Nairametrics

    Senator Daisy Ehanire Danjuma has joined a pharmaceutical firm, May and Baker Nigeria Plc as a Non-Executive Director. The company resolved to appoint Danjuma at its Board Meeting held on Thursday, May 30, 2019. Danjuma’s appointment was disclosed in a notification addressed to the Nigerian...
  3. Nigeria Business News

    Business NNPC To Supply 10% Of India’s Crude Demand – Nairaland

    The Nigerian National Petroleum Corporation (NNPC) on Thursday expressed its readiness to maintain the supply of 10 per cent of India’s crude oil demand in the face of competing demand for the product from other countries. The Group Managing Director of the NNPC, Mele Kyari made … Read more...
  4. Nigeria Business News

    Business Crisis rocks Eni over $1.3bn Nigeria oil scam case – Newtelegraph

    Italian oil major, Eni, has been rocked by claims of attempt to obstruct justice in an on-going court case over $1.3 billion oil scam in Nigeria. Italian prosecutor, Fabio De Pasquale, who made the comment in a trial hearing into the case, declared that officials of Eni tried to … Read more...
  5. Nigeria Business News

    Business DMO to auction N145bn worth of bonds, July 24 – Newtelegraph

    The Federal Government has offered for subscription by auction N145 billion worth of bonds in its July 24 auction, the Debt Management Office (DMO) has said. The offer circular obtained from its website on Thursday stated that it would sell N40 billions of a five year re-opening issue maturing...
  6. Nigeria Business News

    Business 46-years after, Mr. Bigg’s is not so big anymore – Nairametrics

    Mr Bigg’s, one-time most sought-after fast food restaurant, is struggling to deliver on its slogan and compete in a Quick Service Restaurant market that’s in a shake-out phase.... Read more via Nairametrics – https://ift.tt/2YXltgn Get more: Nigeria Business News
  7. Nigeria Business News

    Business Eni officials tried to tamper with witness in Nigeria case: prosecutor – Reuters News

    Officials from Eni (ENI.MI) sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday.... Read more via Reuters News – https://ift.tt/32xL9Ch Get...
  8. Nigeria Business News

    Business Private sector says Nigeria has lost N6 trillion to Apapa gridlock – TheCable

    Members of the private sector under the aegis of the Nigeria Employers’ Consultative Association (NECA) says N6 trillion revenue has been lost to the Apapa gridlock..... Read more via TheCable – https://ift.tt/32pPB6h Get more: Nigeria Business News
  9. Nigeria Business News

    Business India to loan Nigeria $100 million to boost rural internet penetration – Moneycontrol

    The Indian government has agreed to provide a loan of $100 million to Nigeria to help the country achieve its goal of universal internet coverage. The loan amount, according to a Devdiscourse report, will be arranged by the EXIM Bank of India and was sought by the Nigerian government … Read...
  10. Nigeria Business News

    Business Nigeria lost N6trn to Apapa gridlock – OPS – Newtelegraph

    The Organised Private Sector (OPS) has called for urgent infrastructure development at the Lagos ports, saying Nigeria had lost about N6 trillion across different sectors due to Apapa gridlock. The OPS, under the aegis of the Nigeria Employers’ Consultative Association (NECA), said this at...
  11. Nigeria Business News

    Business DPR Uncovers 45 Petrol Stations Used for Smuggling Products in Adamawa – Thisdaylive

    The Department of Petroleum Resources, DPR has uncovered 45 illegal petrol stations in Adamawa State used for smuggling of petrol products to neighboring countries. The DPR Controller in charge of the state, Alhaji Ibrahim A. Ciroma, made the disclosure yesterday in Yola, the state capital, …...
  12. Nigeria Business News

    Business W’Bank, AfDB Blacklist 15 Nigerian Companies, 9 Individuals – Leadership Newspaper

    The World Bank and the African Development Bank (AfDB) have blacklisted 15 Nigerian firms doing businesses with them. Also, nine Nigerians nationals for various forms of procurement malpractices have been blacklisted by the global and continental financial institutions. An online news medium...
  13. Nigeria Business News

    Business CBN injects $210m in forex market – Vanguard News

    The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday. The CBN Director of Corporate Communications Department, Mr. Isaac Okorafor, said this in a … Read more via Vanguard News –...
  14. Nigeria Business News

    Business FG receives N51 billion remittance from NCC in 3 months – Nairametrics

    The Nigerian Communications Commission (NCC) remitted the sum of N51.3 billion to the Federal Government as part of the revenue generated in the first quarter of 2019. The disclosure is contained in a press release obtained from the commissions’ website. According to the NCC, remittances are...
  15. Nigeria Business News

    Business Oando, Trafigura Others Win NNPC Oil Swap Contract – Leadership Newspaper

    The Nigerian National Petroleum Corporation, NNPC, has reportedly offered award letters on Monday for highly sought-after contracts to exchange crude oil for imported fuel, oil industry. According to Reuters, a total of 15 groupings, with at least 34 companies in total, received award letters...
  16. Nigeria Business News

    Business Total’s Ikike project gulps $500 million, says NCDMB – The Guardian Nigeria News

    The Nigerian Content Development and Monitoring Board, (NCDMB) has said the execution of Total Exploration and Production Nigeria’s Ikike Field Development Project would gulp at least $500 million and the project is expected to deepen Nigerian Content implementation, create huge … Read more...
  17. Nigeria Business News

    Business Stakeholders Reject Ethiopian Airlines’ Plan to Fly Local Routes in Nigeria – Thisdaylive

    Aviation industry stakeholders have rejected the plan by Ethiopian Airlines to set up a domestic carrier in Nigeria, using local investors. Industry players who spoke to THISDAY described Ethiopian Airlines’ plan as a strategy to sustain its existence amid challenges in the global air travel...
  18. Nigeria Business News

    Business ‘Why foreign airlines retain 80% air traffic share in Nigeria, others’ – The Guardian Nigeria News

    The absence of a functional national carrier in Nigeria, and other African major air markets has been blamed for local airlines’ loss of international air traffic to their foreign counterparts.... Read more via The Guardian Nigeria News – Nigeria and World News – https://ift.tt/2XVjSWW Get...
  19. Nigeria Business News

    Business Airline Operators Lament $3bn Annual Capital Flight From Nigeria – Leadership Newspaper

    Operators under the umbrella of Airline Operators Nigeria (AON) have decried 100 per cent dominance of the Nigerian sky by foreign airlines, with capital flight of about three billion dollars. The operators therefore called on the federal government to increase support for indigenous carriers...
  20. Nigeria Business News

    Business 34 firms get NNPC’s crude-oil-for refined fuel swap contract – Nairametrics

    In order to continue its exchange of crude oil for refined fuel, the Nigerian National Petroleum Corporation (NNPC) has contracted about 34 companies to carry out the deal..... Read more via Nairametrics – https://ift.tt/2ltxI5l Get more: Nigeria Business News