Business

The currency in circulation increased by N240 billion between November and December 2019. This was stated in the  Central Bank of Nigeria’s (CBN) Money…

Fish importation will stop in 2020, the Federal Government has assured. It said it would encourage local fish production to achieve this.The Minister of Agriculture and…

Total Nigeria Plc suffered a major contraction in the immediate past business year with a record N2.42 billion net loss in 2019. The management of the company…

Adetayo Bamiduro, Chief Executive Officer and co-founder of MAX (Metro Africa Xpress), a motorcycle ride-hailing service, talks to SIMON UTEBOR about…

Commercial and merchant banks took cumulative loans worth N949.91 billion from the Central Bank of Nigeria (CBN) within three months, the apex…

MANY lottery operators across the country are having a field day no thanks to the rather slack regulatory regime,…

The world's richest man, Jeff Bezos has just gotten a lot more richer! The Amazon founder made precisely $13.2 Billion from a surge in the amazon stock which saw…

The four major telecommunications companies in the country were collectively handed a fine of N2.9 billion by the Nigerian…

The Lagos state government says it has issued a N100 billion series III bond under its N500 billion bond issuance programme. Babajide…

You wouldn’t know that Alexander Fridman is the child of Russia’s 11th-richest person. He rents a two-room flat on the outskirts of Moscow for $500 a month and uses the subway to get to work.“I eat, live,…

Ayodele Subair, the executive chairman of the Lagos Inland Revenue Service, says businesses that emigrated will not be lobbied to return to the…

Boeing reported on Wednesday its first annual loss since 1997 , as the company continues to grapple with the fallout of the 737 Max…

In a bid to make Nigeria self-sufficient in tomato production, Dangote Tomatoes Processing Limited, owned by the younger brother of Africa’s richest man, Sani Dangote, has unveiled a N2.8 billion greenhouse…

There were obvious cracks but those who should know probably papered over them. Sometime in June 2019, Mrs. Grace Olowofeyeku, the Group Managing Director…

BANKS are cutting lending rates to woo more borrowers, The Nation has learnt. The measure is to raise profitability and to meet the…

The Federal Government will from Saturday (February 1) begin the implementation of 7.5 per cent Value Added Tax espoused by the finance law.The law, according to the government, will take effect after…

UNILEVER Nigeria Plc suffered a major contraction in the immediate past business year as a steep decline in sales left the fast moving consumer…

VAT Increase Would Do More Harm To Private Sector – NECA• Experts, Investors Weigh Gains, Losses, Fears Ahead Take Off• Demand Counter Measures, Palliatives To Protect Businesses, Poor NigeriansThe…

Saudi Arabia’s sovereign wealth fund is in talks to buy English football club Newcastle United for about £340 million pounds (about N156.4 billion), a…

Deposit money banks in the country would have to increase their cash reserves with the Central Bank of Nigeria as the monetary policy committee of the bank…

The National Economic Council (NEC) thursday in Abuja announced the resolve of the federal government to borrow N2 trillion from the current N10 trillion pension funds to finance the development of…

The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has generated N346,508,836,486.54 as revenue in 2019. With this figure, the Command exceeded its 2019 revenue target with an excess of…

The future of e-commerce is both exhilarating and daunting for players in the sector, depending on how receptive they are to the dynamic nature of the sector. With the current outlook for 2020, the market is growing…

PENSION fund assets rose from N9.81trillion recorded on October 31, last year to N10 trillion in November 30, the  monthly report dated January 16, 2020,…