nigeria business news

Despite efforts of the Federal Government and operators, Nigeria is currently losing $2.5 billion yearly because of severe gas flaring from 178 flare sites nationwide, a development expected to hit … Read more via Vanguard News – https://ift.tt/37EzvqC Get more: Nigeria Business News

The Nigerian Institution of Estate Surveyors and Valuers, NIESV, weekend, lamented that the heightening insecurity situation in the country has impacted negatively on its trade as available investors and foreign partners are scared of investing in the real estate sector of the economy. ...

The African Development Bank (AfDB) has launched a $500 million project to begin the implementation of special agro industrialised processing zones (SAPZ) to aid agricultural growth in Nigeria. The special adviser to the AfDB President, Akinwunmi Adesina, on industrialisation, Banji Oyeyinka...

More than 1,500 Nigerians have been stranded in Kotoka International Airport, Accra, Ghana after they were dumped there by British Airways, BA, Delta Air, and other foreign airlines. Their flights were diverted by these foreign airlines to Ghana due to the inclement weather in Lagos … Read...

Africa’s largest oil producer could see oil production fall by 35 percent as low oil prices and regulatory uncertainty threaten to prompt oil majors to postpone final investment decisions. OPEC member Nigeria is the largest oil producer in Africa and it pumped 1.776 million barrels of oil per...

Following the improvement in the weather and visibility at Lagos, foreign airlines who hitherto diverted their Lagos bound flights to Ghana have started landing at the Murtala Muhammed International airport Lagos. For over two weeks all international flights were diverting to Accra, Ghana due...

The management of Access Bank Plc has notified the Nigerian Stock Exchange of the relocation of its head office from Danmole Street in the Victoria Island axis of Lagos State to Oniru within the commercial hub of the nation. This was disclosed in a notice sent to the … Read more via...

Nigeria plans to appoint advisers for a $3.3 billion Eurobond issue through an open competitive bid process and expects to complete an approval process for the sale soon, the Debt Management Office (DMO) said on Friday.... Read more via Nasdaq – https://ift.tt/2SN2uDg Get more: Nigeria...

Africa's wealthiest man, Aliko Dangote, has acquired additional shares worth $3.99 million (N1.45 billion) in his publicly-listed company, Dangote Cement. The deal was sealed through Dangote Industries Limited (DIL)... Read more via Pulse Nigeria – Nigeria – https://ift.tt/38tygfi Get more...

The African Development Bank on Thursday pushed back against World Bank President David Malpass' comments that it and similar regional development banks were contributing to emerging market debt problems, saying that his criticism was "misleading and...... Read more via Investing.com –...

Several African billionaires are added to the list of the richest people in the world by Forbes and other magazines every year, and Nigerians are also present in this selection.... 10. Fifi Ekanem Ejindu - $850 million 9. Hajia Bola Shagaya - $950 million 8. Jim James Ovia - $980 million 7...

Some passengers of British Airways enroute London and United States of America (USA) to Lagos, Nigeria have called for compensation from the airline for abandoning them in Abuja.... Read more via P.M. News – https://ift.tt/2ONyiXu Get more: Nigeria Business News

The world’s richest man, Jeff Bezos, has set a new record in Beverly Hills with his historic property purchase. The Amazon boss is said to have bought the Warner Estate located in Beverly Hills.... Read more via Legit.ng – https://ift.tt/2vytxdq Get more: Nigeria Business News

Forbes recently released its annual exclusive billionaires ranking with only 4 Nigerians, Aliko Dangote, Mike Adenuga, Abdul Samad Rabiu and Folorunsho Alakija making the highly coveted list.... Read more via Nairaland – https://ift.tt/2OMPJHy Get more: Nigeria Business News

Passengers travelling through the Murtala Muhammed International Airport (MMIA) in Lagos have been stranded as domestic airlines cancel flights and... Read more via Businessday NG – https://ift.tt/2vwpmza Get more: Nigeria Business News

Nigeria lost a approximately N4.57 trillion to oil theft activities in the four years between 2015 and 2018, according to estimates by the Nigeria Natural Resource Charter (NNRC).... Read more via Maritime Security Review – https://ift.tt/2HhVbOF Get more: Nigeria Business News

It takes an impressive business acumen, what Africa’s richest man Aliko Dangote has achieved: staying the richest man on the continent for 9 years. In Forbes’ most recent list of the 20 richest people on the continent, Dangote remains on top with a net-worth of $10.1 billion..... Read more...

World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development worsen the debt burden of Nigeria and other countries. This was disclosed by the President of the global lender, David Malpass, at a forum in...

Nigeria’s billionaire businessman and President/CEO of Dangote Group, Aliko Dangote, has topped Forbes Africa’s Billionaires list for 2020 for the ninth time in a row.... Aliko Dangote $10.1 billion Nassef Sawiris $8 billion Mike Adenuga $7.7 billion (3) Nicky Oppenheimer $7.7 billion Johann...

In the face of slow-paced regulations, the world is now replete with fast-moving digital technologies that have changed the face of businesses and the modern workplace.... Read more via Techpoint.Africa – https://ift.tt/37gbwxN Get more: Nigeria Business News