nigeria business news

West African countries have agreed to conduct an investigation into the impact of Nigeria’s decision last year to close off its land borders to trade, Nigeria’s presidency said on Monday.... Read more via Businessday NG – https://ift.tt/2tPmaxU Get more: Nigeria Business News

For the ninth year in a row, Alhaji Aliko Dangote has been declared the wealthiest person in Africa, with an estimated net worth of $10.1 billion.... Read more via Newtelegraph – https://ift.tt/2Skijm8 Get more: Nigeria Business News

Only six firms in food and dairy value chain can assess Central Bank of Nigeria (CBN) forex window to import dairy products into the country, going by recent circular issued by the apex bank yesterday..... Read more via Newtelegraph – https://ift.tt/2uG7YHT Get more: Nigeria Business News

Julius Berger Plc, which is building the second Niger River Bridge has given a definite time of completing the project which previous administrations had failed to deliver.... Read more via P.M. News – https://ift.tt/2OLjp7U Get more: Nigeria Business News

The federal government, Tuesday, blamed mismanagement and incompetence of those with little knowledge of the aviation industry for the collapse of the national carrier, the Nigeria Airways... Read more via Vanguard News – https://ift.tt/37hsuMg Get more: Nigeria Business News

Losses in heavy capitalised stocks weighed on the equities market, yesterday, leading to N154 billion losses to investors. Specifically, the equities market capitalisation went down to N 14.464 trillion from N14.618 trillion on Friday, indicating 1.05 percent decline.... Read more via...

The Federal Government has failed in its target to generate 10,000 Mega Watt (MW). Former Minister of Power, Works and Housing, Babatunde Fashola, who set the target, maintained that the Buhari administration was determined to realise 10,000 megawatts target by the end of 2019 in order to ensure...

The Abuja Division of the Federal High Court, on Monday, granted bail to the immediate past Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, SAN.... Read more via Vanguard News – https://ift.tt/2Sgyktd Get more: Nigeria Business News

In order to meet the new capital base directed by the insurance market regulator, National Insurance Commission (NAICOM), AIICO Insurance Plc, is planning to raise funds.... Read more via Nairametrics – https://ift.tt/2OEYQdw Get more: Nigeria Business News

Absence of functional port is seen to be frustrating the efforts being made to develop the non-oil exports sector in Delta State thereby killing moves and strategies that ought to help diversify the state’s economy, the South-South region and the nation at large.... Read more via Businessday...

The Federal Government has given marketers of cooking gas to clear out illegal and roadside dealers within two months or face a clampdown on activities of retail outlets in the Federal Capital Territory, Abuja. The ultimatum was given by the Department of Petroleum Resources (DPR) at a …...

Some Uber drivers in Nigeria’s commercial capital may go on strike on Monday to protest the recent clampdown by the Lagos State Vehicle Inspection Services. Two officials of the VIS told The Guardian earlier in the week … Read more via The Guardian Nigeria News – Nigeria and World News –...

These are not good times for ride-hailing companies and their patrons in Lagos, as Governor Babajide Sanwo-Olu led administration has started beaming lights on the operations of the car-hailing firms like Uber, Bolt, and Ocar among others. This has caused an uproar on social media, with some...

With increasing concern mounting on the deadly Coronavirus across the world, Nigerian businessmen within and outside the country have continued to lament over the impact of the scourge on their business activities.... Read more via Newtelegraph – https://ift.tt/31CRFrx Get more: Nigeria...

The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami yesterday disclosed that the agency was targeting N8.5 trillion revenue for the country in 2020.... Read more via Thisdaylive – https://ift.tt/2S8cPui Get more: Nigeria Business News

The average loss to vandalism and theft on system 2B, a pipeline used by the Nigerian National Petroleum Corporation (NNPC) to transport petroleum products from Atlas Cove Jetty in Lagos to all the depots across the country, has hit N64.8 billion in the last one year.... Read more via...

Nigeria’s Folorunso Alakija and Isabel dos Santos of Angola are the two richest women in Africa. They have a combined net worth of $3.2 billion, according to Forbes. Nigeria’s Aliko Dangote maintains his position as the richest man in Africa for the 9th year in a … Read more via Pulse...

Ride-hailing service, Gokada doesn’t look at ditching its brand, even after being banned from operating alongside other commercial motorcycles (Okada) and tricycles (Keke Napep) in Lagos State. While the ban, which took effect from February 1, 2020, continues, Gokada has disclosed plans to...

Nigerians have become central figures in the most heavily reported Canadian migration story in recent years, as the largest cohort streaming through Canada’s most controversial entry-point: the ditch at Roxham Road, in small-town Quebec, that became a magnet for asylum seekers. More quietly...

Alaro City, a mixed development site located in the Lekki Free Zone area in Lagos Nigeria launched its first industrial production company named Ariel Foods On February 5, as reported by Vanguard. Ariel Foods, a sister company of Kenyan-based Insta Foods is owned by tycoon Dhiren … Read...