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nigeria business news

  1. Nigeria Business News

    Business Power generation drops to 3,014.8MW as FG loses N92.28b in 49 days – The Guardian Nigeria News

    Power output from Nigeria’s generating companies (GenCos) dropped to 3,014.8 megawatts (MW), yesterday from a monthly average of 3,578MW in August, latest data from the National Control Centre (NCC), Osogbo, has shown. The post Power generation drops to 3,014.8MW as FG … Read more via The...
  2. Nigeria Business News

    Business CBN to restrict forex on more food items, says Emefiele – The Guardian Nigeria News

    Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that it will deny foreign exchange (Forex) for importation … Read more via The Guardian Nigeria News – Nigeria and World News – https://ift.tt/2KTiShI Get more: Nigeria Business News
  3. Nigeria Business News

    Business Share prices hit 10-year low amid uncertainties, weak economy, others – The Guardian Nigeria News

    Prevailing economic downturn has continued to trigger persistent fall in share prices of listed firms, as share prices of most bluechip companies quoted on the Nigerian Stock Exchange (NSE), hit 10-year low under the current financial year. … Read more via The Guardian Nigeria News – Nigeria...
  4. Nigeria Business News

    Business OPay launches ‘OBus’, a public bus hailing service, in Lagos – Techpoint.Africa

    Opera-backed OPay formally launched OBus, a bus hailing service, in Lagos last Saturday. This is coming barely a week after the introduction of OTrike in Aba. In its plan to become a multi-service commercial internet platform... Read more via Techpoint.Africa – https://ift.tt/2ZcyUbB Get...
  5. Nigeria Business News

    Business “Nigerian tech startups can become giants without serving other markets” — Kyane Kassiri, VC at LoftyInc – Techpoint.Africa

    Figures from past editions of Techpoint’s Nigerian Startup Funding Reports have shown that more foreign venture capitalists are participating in the Nigerian startup space than their local counterparts.... Read more via Techpoint.Africa – https://ift.tt/2TQPsVC 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 – https://ift.tt/2zedekB Get more: Nigeria Business News
  7. Nigeria Business News

    Business Kenya’s tech sector welcomes a Nigerian rival, Bluechip Technologies – Nairametrics

    Tech companies in Nairobi have a new competitor in town and it’s Nigeria’s Bluechip Technologies. Establishing an office in the East African country means Bluechip Technologies is now present in four African countries.... Read more via Nairametrics – https://ift.tt/2P2YdNy Get more: Nigeria...
  8. Nigeria Business News

    Business 5 things Buhari’s new Finance Minister must do within 100 days – Nairametrics

    Nigeria’s President Muhammadu Buhari will likely assign portfolios to ministers this week. Among the most anticipated appointments will be the office of the Minister of Finance. ... Read more via Nairametrics – https://ift.tt/30eswBS Get more: Nigeria Business News
  9. Nigeria Business News

    Business NNPC announces 15 companies as winners of Direct Sale and Purchase contract – Nairametrics

    The Nigerian National Petroleum Corporation (NNPC) has announced 15 companies as winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. The announcement was made via a press release on Sunday by the Corporation’s Group General Manager...
  10. Nigeria Business News

    Business Why FG is planning to audit Customs’, FIRS’ revenues – Nairametrics

    The Federal Government (FG) is planning to commence an auditing revenue assurance and Information Technology audit on the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS). In a statement disclosing this development, the Auditor-General of the Federation, Anthony...
  11. Nigeria Business News

    Business Chinese Investment in Nigerian Oil at $16 Billion – Financial Tribune

    Chinese investments in the oil and gas industry of Nigeria have reached $16 billion, according to a senior official at the Nigerian National Petroleum Corporation, but the industry needs even more to advance its production growth agenda. Vanguard quotes NNPC’s Group Managing Director Malla...
  12. Nigeria Business News

    Business AIICO gets new MD – Newtelegraph

    AIICO Insurance Plc has appointed Babatunde Fajemirokun as its managing director. A statement from the firm said the Nigeria Stock Exchange (NSE) had already been notified of the appointment. The Company Secretary, Donald Kanu, said the appointment had been approved by the National Insurance...
  13. 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 …...
  14. Nigeria Business News

    Business How agricultural crowdfunding is different from MMM networks, gambling – The Guardian Nigeria News

    Conventional banking institutions have increasingly found it difficult granting credit facilities to small-scale farmers and agro-allied businesses despite that Nigeria needs to ... Read more via The Guardian Nigeria News – Nigeria and World News – https://ift.tt/2ZbgY5k Get more: Nigeria...
  15. Nigeria Business News

    Business EFCC resumes investigation of FIRS officials over more than N1.2b fraud. – Nairametrics

    The Economic and Financial Crimes Commission (EFCC) has resumed investigations on the members of staff of the Federal Inland Revenue Service over N1.2 billion Duty Tour Allowance (DTA) fraud. The EFCC on Friday began a forensic analysis of the bank accounts of the FIRS staff … Read more via...
  16. Nigeria Business News

    Business FG moves to appeal judgement on $9 billion Nigerian assets forfeiture – Nairametrics

    The Federal Government of Nigeria (FGN) has declared its preparedness to appeal Friday’s judgment delivered by an English court in favour of Process and Industrial Development Limited (P&ID). The court gave the company an order to seize Nigerian assets worth $9 billion.... Read more via...
  17. Nigeria Business News

    Business Lessons from the $9bn award against Nigeria – The Punch

    The governance of Nigeria is always in the news for the wrong reasons; incidentally, most of the challenges facing the nation are avoidable. With our economic indicators virtually facing south, while our debt to revenue profile has hit 70%, the news that … Read more via “nigeria” – Google...
  18. Nigeria Business News

    Business Gokada to revamp its app, retrain drivers in a reboot strategy – TechMoran

    Gokada, Nigeria’s foremost motorcycle hailing startup has shut down its operations and app in a move to revamp its product and retrain its drivers in to remain competitive in the hot Lagos motorcycle hailing market.... Read more via TechMoran – https://ift.tt/2NedWGP Get more: Nigeria...
  19. Nigeria Business News

    Business Nigeria’s Inflation drops to 11.08% in July 2019, slowest in 3 years – Nairametrics

    Nigeria’s consumer price index, which measures inflation dropped to 11.08% in July 2019. This was revealed in the latest inflation report released by the National Bureau of Statistics (NBS). According to the NBS report, inflation dropped by 0.14% points year-on-year.. Read more via...
  20. 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 – https://ift.tt/2P1VMe1 Get more: Nigeria Business News
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