Nigeria Business Breaking News Headlines, Latest News today
By Chinyere Joel-Nwokeoma Lagos – Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Tuesday with MTN Nigeria Communications leading the gainers’ chart closing at N131.70 per share. Consequently, the All-Share Index returned […]
By Chinyere Joel-Nwokeoma Lagos – The Nigerian equities on Monday extended positive stance with the crucial market indicators appreciating by 1.74 per cent. The News Agency of Nigeria (NAN) reports that the market capitalisation inched […]
By Oluwafunke Ishola Lagos – The Nigerian Investment Promotion Commission (NIPC), says it has tracked investment announcements in the economy worth $12.71 billion in the first quarter of 2019. The commission made the disclosure in […]
Nairobi, May 14, 2019 (Reuters/NAN) Microsoft Corp will invest 100 million dollars to open an Africa technology development centre with sites in Nigeria and Kenya over the next five years, the company said on Tuesday. […]
By Fabian Ekeruche Lagos – Mr Nnamdi Okonkwo, the Managing Director of Fidelity Bank Plc, on Wednesday pledged greater support to its customers at the Alaba Trade Fair complex in Lagos. Okonkwo told newsmen that […]
By Adekunle Williams and Solomon Asowata Lagos, – No fewer than 3,319,720 air travellers passed through Nigeria airports between January and March 2019. The Consumer Protection Department of the Nigerian Civil Aviation Authority (NCAA) made […]
The Central Bank of Nigeria in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative. The CBN said […]
By Chinyere Joel-Nwokeoma Lagos – Access Bank Plc on Monday said that over 1,000 DiamondXtra customers would be rewarded with the sum of N60 million in the first DiamondXtra quarterly draw. Mr Victor Etuokwu, Access […]
Paris – French energy major Total says it has reached a binding agreement with Occidental to acquire Anadarko assets in Algeria, Ghana, Mozambique and South Africa for a consideration of $8.8 billion. The firm said […]
Contrary to high vacancy rates for Grade A office buildings resulting from space oversupply across major cities of Nigeria, development and demand for co-working locations are on the rise, underpinning growth in the start-up community […]
Lagos – Nestlé Nigeria Plc says it has posted a net profit of N12.8 billion in the first quarter of 2019 compared to N 8.6 billion during same period of the previous year. In its […]
By Funmilola Gboteku Lagos – Jumia Food Marketplace, an online food delivery platform, says it has partnered with Pizza Hut, a multinational brand, to boost operational performance and last mile delivery in Nigeria. Mr Guy […]
A major debt burden is weighing heavily on Western Metal Products Company Limited (WEMPCO) Group as it plans to sell its flagship five-star Oriental Hotel, BusinessDay has learnt. According to a document seen by BusinessDay […]
By Sumaila Ogbaje Abuja – A total of 3.5 million passengers passed through Nigerian airports in 54,000 aircraft movements in the first quarter of 2019, the Federal Airports Authority of Nigeria (FAAN) has said. According […]
By Chinyere Joel-Nwokeoma Lagos – Bearish trend persisted on the Nigerian Stock Exchange (NSE) with curcial market indices dropping further by 1.22 per cent, thereby forcing the market capitalisation to dip below the N11 trillion […]
Mobil Producing Nigeria (MPN), operator of the Nigerian National Petroleum Corporation (NNPC/MPN) joint venture has unveiled a N170 million investment programme in Akwa Ibom State to deliver “critical economic lifeline” to the people. The projects […]
By Chinyere Joel-Nwokeoma Lagos – Mr Adewale Tinubu, Managing Director, Oando Plc, on Friday expressed optimism that the company would likely pay dividend in the current financial year following impressive 2019 first quarter result. Tinubu […]
By Chinyere Joel-Nwokeoma Lagos – FCMB Group shareholders on Friday lauded the declared total dividend of N2.77 billion by the company for the financial year ended Dec. 31, 2018.The shareholders made the commendation at the […]
By Chinyere Joel-Nwokeoma Lagos – The market capitalisation of the Nigerian Stock Exchange (NSE) on Friday shed N68 billion as a result of profit taking embarked by investors. The News Agency of Nigeria (NAN) reports […]
By Olawunmi Ashafa Lagos – The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it […]
By Mustapha Sumaila Abuja – The African Development Bank (AfDB) says its level of investment in Nigeria stands at $4.5 billion as at March 2019. Mr Emeka Anuforo, Media Relations Officer of the bank made […]
CAIRO – Egypt’s economy is expected to grow 5.5 percent in the fiscal year that ends in June, according to economists polled by Reuters, a forecast slightly higher than the one offered by a survey […]
In the first quarter ended 31 March 2019, Zenith Bank Group recorded improved numbers across key metrics, driven by a solid performance in all business segments. This resulted in a Profit before Tax (PBT) of […]
By Cecilia Ologunagba Abuja – The National Bureau of Statistics (NBS) said the country’s inflation measured by Consumer Price Index (CPI) in March was 0.06 per cent points lower than the rate recorded in February. […]
By Yunus Yusuf Lagos – The management of Sahara Energy Resource Ltd., says the company has no outstanding facilities with the United Bank for Africa Plc (UBA), contrary to media reports sourced from a petition […]
By Yunus Yusuf Lagos – The Ibadan Electricity Distribution Company (IBEDC) says it sponsored the Nigerian Society of Engineers (NSE) Ibadan branch quiz competition for secondary schools as part of its corporate responsibility. This, it […]
ABUJA – The Central Bank of Nigeria (CBN) says it has so far cumulatively disbursed N174. 48 billion through 19 financial institutions under its Anchor Borrowers Programme since 2015. The Director, Corporate Communications Department of […]
By Emmanuel Acha Enugu – The Nigerian Maritime Administration and Safety Agency (NIMASA) has called for the implementation of policies that will strengthen indigenous shipping companies to make them competitive internationally. The Director General of […]
By Kamal Tayo Oropo Lagos, – The Board of the African Development Bank (AfDB) has approved a $15million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital […]
ABUJA (Press Release) – The second annual Nigeria Maize Conference organised by Bayer Middle Africa Limited held in Abuja on Wednesday, April 3, 2019 attracting more than 40 farmers, agriculturists, academics and government agricultural experts. […]
LAGOS – Oando has sold its 25 percent stake in Nigerian gas and power company Axxela to majority investor Helios Investment partners for an undisclosed amount, Axxela said on Thursday. The private equity firm now […]
By Solomon Asowata Lagos – The International Air Transport Association (IATA) on Thursday said that African airlines recorded a 2.5 per cent increase in passenger traffic in February compared to the same period in 2018. […]
NAIROBI – Vodacom Tanzania said on Thursday the government had accused it of causing an 11 billion shilling ($4.76 million) loss linked to allegations of fraudulent use of network facilities against its managing director and […]
ABUJA – Nigeria’s debt office said on Thursday it expects the government to approve total borrowing of 1.649 trillion naira ($5.39 billion) in 2019. Half the debt, 824 billion naira, will be foreign borrowing, Patience […]
A Federal High Court in Abuja has nullified the sale of telecommunication firm, Etisalat International Nigeria Limited (now 9mobile) to Teleology Nigeria Limited. In a ruling on April 1 but seen on Thursday, Justice Binta […]
London – Global payments giant Mastercard will invest 300 million dollars as a cornerstone investor in the planned London float of payments processor Network International. Dubai-based Network International is the largest payments processor in the […]
By Kingsley Okoye Abuja, – Electricity Distribution Companies (DisCos) say the non review of the Multi-Year Tarrif Order (MYTO), since February 2016 had resulted in the accumulation of over N1.4trillion shortfall in the nation’s electricity […]
By Chukwuemeka Opara Abakaliki – Gov. David Umahi of Ebonyi has said that about 14 Chinese companies with a trade volume of about $3.7 billion were operating in the state. Umahi made the disclosure in […]
By Lucy Ogalue Abuja – The National Bureau of Statistics (NBS), said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (cooking gas) increased from N2,039.82 in January to N2,067.68 […]
The Founder of the Internet, Sir Tim Berners-Lee, was in Nigeria on Wednesday as the world marked the 30th anniversary of the World Wide Web. To mark the event, Berners-Lee had embarked on a 30-hour […]
Copyright © 2019 | MH Magazine WordPress Theme by MH Themes