nigeria business news

  1. Nigeria Business News

    Business Dangote renews interest in Arsenal takeover – P.M. News

    Africa’s richest man Aliko Dangote has once again renewed his interest in buying Arsenal Football Club, for which he has set a target must-buy date in 2021. In an interview with Bloomberg, broadcast on the most recent edition The David Rubinstein Show, … Read more via P.M. News –...
  2. Nigeria Business News

    Business VAT Now 7.5%: 10 Things You Need To Know About Buhari’s Finance Bill – Tori News

    Nigerians will now pay more for VAT following the passage of Finance Bill by President Muhammadu Buhari. Nigeria's President Muhammodu Buhari on Monday signed into law Finance Bill 2019.... Read more via Tori News – Get more: Nigeria Business News
  3. Nigeria Business News

    Business AGF withdraws alleged revenue indebtedness demands from MTN – The Guardian Nigeria News

    The office of the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has withdrawn the demand of N242, 244,452,215.97 and $1,283,610,357.86 alleged revenue indebtedness from MTN Nigeria. MTN said it received a letter dated Read more via The Guardian Nigeria...
  4. Nigeria Business News

    Business MTN stock jumps after Nigeria drops $2bn tax claim – Moneyweb

    Nigeria dropped a $2 billion claim for back taxes against MTN Group, ending a 16-month long battle between Africa’s largest wireless carrier and legal authorities in its biggest market. The company, which disputed the claim from the start, had struggled to convince investors it could get the...
  5. Nigeria Business News

    Business Leaked emails between Govt. officials, Oil companies allow Nigeria to recover US$1.1Billion for oil block deal – Kaieteur News

    When transparency advocates and regulators of a country want to recover the nation’s wealth, lost through acts of grand corruption, they often call for an audit to … Read more via Kaieteur News – Get more: Nigeria Business News
  6. Nigeria Business News

    Business Nigeria Unveils $732 Million Broadband Project to Boost Economy – Businessday NG – Businessday NG

    Nigeria plans to invest 265 billion naira ($732 million) in broadband infrastructure over the next four years as the government sets its sights on nationwide coverage and to boost an economy recovering from a 2016 contraction. The government will provide 65 billion naira for the project and...
  7. Nigeria Business News

    Business Update: EFCC denies reported arrest of Access Bank MD as bank clarifies invitation – Businessday NG – Businessday NG

    The Economic and and Financial Crimes Commission (EFCC) has denied the reported arrest of the Group Managing Director of Access Bank Nigeria Limited, Herbert Wigwe. Acting Head of Media and Publicity of the EFCC, Tony Orilade, told our correspondent on Saturday that the reported arrest was...
  8. Nigeria Business News

    Business Cal Bank announces new CEO and four other appointments – Pulse Nigeria

    CalBank has officially announced the appointment of Philip Owiredu as its Chief Executive Officer (CEO). Philip Owiredu takes over from Frank Adu Jnr. who retired from the position after almost thirty years in the banking industry. In a statement issued by the bank, it said that … Read more...
  9. Nigeria Business News

    Business Naira’s performance against dollar in 2019 weakest in 20 years – Premium Times Nigeria

    Nigeria’s Naira recorded its weakest performance against the United States dollar in two decades, closing the outgone 2019 on an average of N362.60, the worst run since the country returned to democratic rule in 1999. A PREMIUM TIMES analysis of Bloomberg financial data showed that in the …...
  10. Nigeria Business News

    Business BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company – Nairaland

    West Africa’s second-largest Cement company, BUA Cement, today listed on the Nigerian Stock Exchange with a market capitalization of 1.2trillion Naira (USD3.3billion) bringing to a conclusion, the merger between the BUA-owned cement entities, Cement Company of Northern Nigeria and Obu Cement...
  11. Nigeria Business News

    Business World Bank puts Nigeria’s growth at 2.1 per cent in 2020 – The Guardian Nigeria News – Nigeria and World News

    The World Bank Group, yesterday, raised Nigeria’s growth expectations in 2020 to 2.1 per cent, describing it as an “edge up”, a development that confirms the country’s continued stay … Read more via The Guardian Nigeria News – Nigeria and World News – Get more: Nigeria...
  12. Nigeria Business News

    Business Oil prices soar as Iran hits US Iraqi bases with missiles – P.M. News

    Oil rose sharply, with U.S. crude rising nearly $3, on Wednesday after the U.S. said its forces in Iraq were attacked by Iranian ballistic missiles, raising the prospect of a regional conflagration that could cut oil supplies..... Read more via P.M. News – Get more...
  13. Nigeria Business News

    Business Four Dead, Three Kidnapped in Nigerian Pirate Attack – The Maritime Executive

    International maritime security consultancy Dryad Maritime reports that the Nigerian-flagged hopper dredger Ambika was boarded by pirates after a firefight resulting in multiple loss of life.... Read more via The Maritime Executive – Get more: Nigeria Business News
  14. Nigeria Business News

    Business Some of Those Who Defined the Last Decade in Business – Thisdaylive

    They come in a galaxy. They shine like stars. Everything they literally touch is money-spinning, value-driven. Their success stories are breathtaking as well as inspirational. From Abuja to Akwa Ibom, Lagos to Lokoja; Los Angeles to Paris, Abu Dhabi to Kuala Lumpur, and Angola to South Africa...
  15. 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 –...
  16. Nigeria Business News

    Business Crude oil price rises to $69 per barrel after US attack on Iranian commander – Pulse Nigeria – Nigeria

    Global crude oil prices jumped by 4% on Friday, January 3rd, 2019, following the killing of an Iranian commander and one of the most powerful military leaders, Qassem Soleimani during the U.S airstrikes.... Read more via Pulse Nigeria – Nigeria – Get more: Nigeria...
  17. Nigeria Business News

    Business Why Nigerians may be poorer in 2020, by manufacturers – The Guardian Nigeria News

    Nigerians’ hope of a better economic outlook in 2020 may not be realised unless some lingering challenges are addressed and the anxieties about more taxes, unfavorable government policies and.... Read more via The Guardian Nigeria News – Get more: Nigeria Business News
  18. Nigeria Business News

    Business AMCON debt profile to hit N6.6trn in 2024 –Balogun – Newtelegraph

    A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr. Muyiwa Balogun has said that the debt profile of the Asset Management Corporation of Nigeria (AMCON) could hit N6.6 trillion in 2024 if Nigerian Judges do … Read more via Newtelegraph – Get more: Nigeria...
  19. Nigeria Business News

    Business LIRS Shuts Down Portal That Exposed Tax Payer’s Data After NITDA Intervention – Nairaland

    Lagos State Internal Revenue Service (LIRS) has shut down a portal it created for taxpayers and employed residents yet to enroll in the tax base of the state after the intervention of the National Information Technology Development Agency (NITDA).... Read more via Nairaland –...
  20. Nigeria Business News

    Business OPPO to invest $7billion in R&D for smart technologies – Vanguard News

    Technology Company, OPPO, has said it will invest seven billion dollars in research and development to develop core technologies for the next three years....... Read more via Vanguard News – Get more: Nigeria Business News