nigeria business news

Following weeks of speculation and months of tussles between ride-hailing platforms and regulatory authorities, the Lagos State Government has officially banned all forms of motorcycles in major parts of Lagos State... Read more via Techpoint.Africa – https://ift.tt/2RMREfW Get more: Nigeria...

Techpoint Legal and Policy columnist, Enyioma Madubuike sheds light on the impending tax turf war, between federal and state governments, that has been set in motion as a result of Nigeria’s new Finance Act, and how it might affect startups Read more via Techpoint.Africa –...

Three months after Mastercard and Visa pulled out of Libra, a cryptocurrency owned by Facebook, it seems the exit door is still open as another member of the Libra Association takes a bow. The new member exiting Libra is a telecommunications company, Vodafone.... Read more via Nairametrics...

Without the land border closure which fanned inflation, the Central Bank of Nigeria (CBN) may not have been inclined to tighten credit. But the apex bank has had to do just that, as curtailing excess liquidity has become necessary in taming inflation which has been on the rise … Read more...

Rensource has raised $3 million from Proparco, with the support of the European Union under the Africa Renewable Energy Scale-Up facility (ARE Scale-Up). Rensource, the first beneficiary in the program, will use the funding to contribute to facilitating energy access in the context of a...

Only one thing can prevent Nigeria’s currency (the naira) from being devalued by the second half of 2020, and that is a radical increase in crude prices. This is according to Ike Chioke, the Managing Director of Afrinvest West Africa Limited. Chioke reportedly made the prediction over the...

When you think of innovation in Africa’s tech ecosystem, Mark Essien is one of the few names that come to mind. Seven years after founding Hotels.ng, an online hotel booking platform, Mark has continued to impact the ecosystem through his writing, speaking, and internship programs.... Read...

Nigeria, at the weekend, recorded 600,000 barrels daily oil output deficit. The production, a document of the Ministry of Petroleum Resources sighted by this newspaper at the weekend revealed, stood at 1.7 million barrels, 600,000 barrel below the 2.3 million barrels … Read more via...

An Ikeja High Court, Lagos at the weekend heard how two staff members of First Marina Trust Limited allegedly conspired to steal N1 billion from the company. The staff members, identified as Adeyemi Oluwaseun and Suleiman Obhakume, had worked for the company, as at the time of … Read more...

Underwriting firm, Linkage Assurance Plc, at the end of third quarter ended September 30, 2019, recorded a significant growth in profit after tax by 601.5 per cent, growing from N84.385 million in the same period in 2018 to N591.914 million. The profit before tax also grew … Read more...

The real challenge to achieving FG’s revenue budget comes from non-core revenue sources Afrinvest West Africa Limited has said it expects the country’s revenue to underperform by 44.0 per cent in 2020, which means that debt service to revenue will remain elevated. Ike Chioke, Group Managing...

In a bid to meet its food sufficiency, food security and nutrition targets, Guinea-Bissau has called on Nigeria to assist in the production of rice. The call was made by the Guinean Ambassador to Nigeria, Henrique Adriano Da Silva during his visit to the Federal Ministry of Agriculture and …...

Nigerian pensioners will be lending to the government at an interest rate well below inflation rate if the Federal government does dip its hands into pension funds. At the end of the National Economic Council (NEC) meeting last week, the council disclosed that the Federal Government had...

One of the leading electricity distribution companies in Nigeria, Ikeja Electric Plc, has announced an upward review in the prices of meters sold to customers under the Meter Asset Provider (MAP) introduced by federal government. In a notice to its customers on Friday, the energy firm …...

Brent crude futures fell below $60 on Friday, posing a threat to Nigeria’s 2020 budget, which put oil benchmark at $60 per barrel, as the spread of the coronavirus in China continues to affect demand due to restrictions placed on travel. The bearish performance for the … Read more via...

Just incase you’re new or old to Tinder and scared of going on a date due to safety reasons, not to worry, Tinder has added some new features for you. The dating app announced on Thursday that it is adding “new features using cutting edge technology dedicated to safety”. … Read more via...

Shell Petroleum Development Company will stop Bonny Light crude oil exports after announcing a force majeure on the operation. The subsidiary of Royal Dutch Shell in Nigeria had made the decision due to circumstances beyond its control. According to a spokesman, Shell’s decision to declare a...

The Kebbi Police Command has confirmed the invasion of the MTN office in Tudun Wada area of Birnin Kebbi by three armed robbers on Wednesday. The Command Public Relations Officer, DSP Nafi’u Abubakar, confirmed the incident to newsmen in Birnin Kebbi on Thursday.... Read more via Welcome To...

Over time, YouTube has played an important role in the discovery and development of African and International music. The video-sharing platform has been useful in sharing African content to listeners all around the worldwide.... Read more via Techpoint.Africa – https://ift.tt/2REWo7B Get...

State governors under the auspices of the Nigerian Governors’ Forum have resolved to address the lingering issue of Right of Way (RoW) charges, the Minister of Communication and Digital Economy, Isa Pantami, has said. According to a statement signed by his.... Read more via Premium Times...