Nigeria Business Breaking News Headlines, Latest News today
ABUJA – Jumia, the African e-commerce company of German start-up investor Rocket Internet, has filed for a New York initial public offering, which could value the firm at $1.6 billion or more. Jumia, founded in […]
Lee Engineering, on Monday, signed a major partnership deal with VDL KTI of Belgium for oil and gas equipment fabrication. The Belgian company is a global leader in the fabrication and manufacturing of oil and […]
By Constance Imasuen Abuja – Internet users in Nigeria increased marginally to more than 113.8 million in January 2018, the Nigerian Communications Commission (NCC) said. The NCC made this known on Friday in its Monthly Internet […]
By Oluwafunke Ishola Lagos – The manufacturing sector contributed about N864 billion of the N3.63 trillion generated as Value Added Tax (VAT) from 2013 to 2018, an analysis by the National Bureau of Statistics (NBS) […]
Buhari’s final vote tally in the 36 states and FCT was 15.19 million as against that of his main challenger, Atiku Abubakar who had 11.26 million votes. As Buhari is officially declared winner of the […]
Hanoi – Vietnamese carriers VietJet and Bamboo Airways formally announced on Wednesday deals with Boeing Co to buy 110 planes worth more than 15 billion dollars as the fast-growing companies look to expand their operations […]
Seoul – Hyundai Mobis Co. Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday announced a plan to offer shareholder returns worth 2.6 trillion won (2.32 billion dollars) over the next three years. […]
By Cecilia Ologunagba Abuja, – The National Bureau of Statistics (NBS), said Nigeria generated N298.01 billion from Value Added Tax (VAT) in fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report […]
Singapore – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply […]
JOHANNESBURG – A bailout for struggling South African state utility Eskom could reach as much as 150 billion rand ($10.79 billion) over 10 years, a senior National Treasury official told Reuters. The Treasury said on […]
By Cecilia Ologunagba Abuja – The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018. The […]
By Cecilia Ologunagba Abuja – The Federation Account Allocation Committee (FAAC), disbursed the sum of N270.17 billion to the Federal Government in January, 2019, the National Bureau of Statistics (NBS) has disclosed. The NBS said […]
By Tinuade Adeshiyan A Lagos – Alomo Bitters, a herbal alcoholic drink produced by Kasapreko Ltd., a Ghanaian-owned company based in Ghana, sold 13.9 million bottles in the Nigerian market in 2018. The Nigerian Sales […]
LAGOS – Smile, pioneer 4G LTE telecommunications service provider in West Africa, has announced its new device and bonus offers to reward their customers. The proposed offers are affordable, thus making it easier for customers […]
Nigeria’s foreign assets as well as its oil vessels in international waters are at risk as a British company moves to enforce a $9bn arbitration award against the country over a breach of contract, TheCable […]
The All Progressives Congress (APC) gubernatorial candidate for Lagos State, Mr. Babajide Sanwo-Olu, on Sunday, commissioned The Royal Oak Event Centre, Lekki, Lagos. He was accompanied by Chief (Dr) Leemon Ikpea, Chairman/Chief Executive Officer, Lee […]
LAGOS – The Managing Director of Royal Oak Centre, Mrs Augusta Ikpea-Enaholo has pledged scaled up services in the events venue and party rental sector of the hospitality industry. Speaking ahead of the grand opening […]
LAGOS – The Asset Management Corporation of Nigeria (AMCON) has said it’s attention has been drawn to what it called “some inaccurate stories that are sponsored and published in the media meant to mislead the […]
LAGOS – ATC Nigeria has confirmed that Smile Communications Nigeria is not indebted to it. To affirm Smile’s non-indebtedness, ATC has also withdrawn it’s earlier disconnection notice. Apparently, reacting to the Pre Disconnection Notice published […]
Abuja(SundiataPost) –President Muhammadu Buhari has declined assent to two bills in the transport sector which includes the National Transport Commission Bill 2018 and the Federal Roads Authority (Establishment) Bill 2018. The president’s decision came in a […]
LAGOS – In order to reduce the attendant financial burden that the congestion at the Apapa and Tin Can Island Ports has brought on importers, the Nigerian Ports Authority has announced the following measures which […]
Access Bank has finally acquired Diamond Bank, TheCable can report. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN). […]
Abuja(SundiataPost) -The Seed Entrepreneurs Association of Nigeria (SEEDAN) has called on the Federal Government to clear the outstanding N10.4 billion owed its members that participated in the 2014/2015 Growth Enhancement Support (GES) Scheme. Mr Richard […]
Abuja(SundiataPost) -A successful entrepreneurial journey is a lonely, tedious, but interesting path, if done the right way or guided by a business coach or expert who can share a wealth of experience from either the ugly, bad, […]
(Reuters) – Carlos Ghosn, the ousted chairman of Nissan Motor, has filed a complaint against a court decision to extend his detention following his re-arrest on fresh allegations of financial misconduct, the Tokyo District Court […]
Mumbai – Indian software services firm, HCL Technologies, agreed to buy some software assets from International Business Machines Corp for $1.80 billion to help it compete better with bigger rivals such as TCS and Infosys […]
LAGOS – Telcoin, a technology platform provider based in Tokyo Japan, offering telecoms focused blockchain solutions, enters into a partnership with Jumia, a leading online e-commerce marketplace brand with presence in 15 African countries, including […]
Copenhagen, – Alphabet Inc’s Google will invest 4.5 billion Danish crowns (690 mln dollars) in building a new data centre in Fredericia, Denmark, its Danish unit announced on Tuesday. Besides its plot in Fredericia, last […]
By Babatunde Oso Petra Micro Finance Bank Plc plans to graduate into a national financial institution for Nigerian Catholics in future, the chairman, Victor Dike, has said. Dike, who said this at the 9th Annual […]
Apple Inc (AAPL.O) on Tuesday is expected to unveil updates to its Mac computers and iPads that include facial recognition features that have been available in the iPhone lineup at an event in Brooklyn. Analysts […]
Johannesburg – MTN Group said on Friday its Ghana unit’s third quarter revenue grew around 23 per cent boosted by its mobile money service MoMo. MTN Ghana said revenue for the nine […]
By Nse Anthony-Uko ABUJA, (Sundiata Post) — The Accountant-General of the Federation(AGF), Mr Ahmed Idris has restated his commitment to pay salaries of all workers on the Federal Government payroll in spite of the on-going […]
By Nse Anthony-Uko (Sundiata Post) — FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc has called on audit executives of banks to take advantage of information technology (IT) advancement […]
By Nse Anthony-Uko ABUJA, (Sundiata Post) — The Central Bank of Nigeria has kept its key interest rate at 14 per cent, in line with market expectations as the country fights off future recession threats. […]
The Bayelsa State Government has announced the receipt of N24.16 billion from the Paris Club debt refund. The Commissioner for Information and Orientation, Mr. Markson Iworiso-Markson made the disclosure in a statement on Monday evening. […]
(Sundiata Post) — Opportunities for investment in Africa outweigh the obstacles, according to a report by leading African companies covered in the African Development Bank’s (www.AfDB.org) new Africa-to-Africa (A2A) Investment Report, the first ever report […]
LAGOS – No stranger to winning strings of awards, Smile Nigeria has typically maintained the tempo by clinching laurels both in Abuja and Lagos. Indeed, it was awards galore for the innovative and pacesetting […]
Frankfurt – Spending on digital marketing grew by 44 per cent last year in the United States and Britain to 52 billion dollars, a study has found. It estimated that global […]
By Nse Anthony-Uko ABUJA, (Sundiata Post) — The Nigeria Deposit Insurance Corporation (NDIC) will host the next edition of the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual General Meeting and Technical […]
(Sundiata Post) — African Development Bank President (www.AfDB.org), Akinwumi Adesina, on Wednesday urged Canadian business leaders to “be part of the action and seize investment opportunities on the continent.” Adesina made the call while meeting […]
Copyright © 2019 | MH Magazine WordPress Theme by MH Themes