Business

Economic analysts and representatives of the organised private sector (OPS) have warned against a second lockdown in the country, expressing concerns about possible…

THE naira recorded marginal gains against the dollar as it exchanges at N393.83/$1 at the NAFEX (I&E Window) where forex is traded. The naira appreciation followed increase in…

Heineken B.V., the Dutch brewer, has purchased another 1.9 billion ordinary shares of Champion Breweries located in Uyo, Akwa Ibom state. Heineken through its subsidiary, Raysun Nigeria Limited, purchased the new shares at…

After a judge handed down a 30-month sentence for bribery and other charges, Samsung Electronics vice chairman Jay Y. Lee is expected to return to the same prison where he had spent a year in 2017-2018. The imprisonment of…

The move by former Vice President Atiku Abubakar to exit Intels is seen as the final phase of a truce brokered between the Nigerian Ports Authority and the company to operate as a going concern in…

THERE are fears that the exchange rate of the naira at the parallel markets will come under pressure in the coming weeks. This is as a result of importers scramble for scarce dollar to meet business…

THE Nigerian National Petroleum Corporation (NNPC) yesterday announced a total export receipt for crude oil and gas valued at $120.49 million for September 2020. A statement…

•‘I still hold 35% shares in the company’ Ocean Marine Solutions Limited on Saturday gave reasons why it notified Vice-President Yemi Osinbajo and other key government agencies about the divestment from the…

Dr. Oluleye Adigun, a US-based Nigerian billionaire, has revealed ongoing effort to invest N3 billion ($6.8 million) in Fidelity Bank through shares acquisition. Adigun told…

Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil…

Equities on the Nigerian Stock Exchange generally posted their fifth consecutive daily gains on Thursday as leading stocks including Seplat, Dangote Cement and MTNN propelled the N325 billion upward drift. Also…

Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers. The lawsuit…

No fewer than 96 companies from Nigeria and overseas have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure. The jobs to be done include…

Stanbic IBTC Holdings Plc has relinquished its Bureau de Change license, thereby exiting the business effectively January 2021. Chidi Okezie, its company secretary Wednesday said the discontinuation of…

Ardova Plc(AP), a leading Nigerian integrated energy company, and the shareholders of Enyo Retail and Supply Limited (Enyo) have entered discussions relating to AP acquiring Enyo. Enyo is one of the newest and…

The Federal Government has announced that it will fully launch the Nigerian Railway Corporation (NRC) e-ticketing platform next week. This is as it has also said it has commenced test bookings on the e-ticketing…

A computer programmer who lost his Bitcoin password has just two guessesleft to figure out his passcode before he is locked out of his £180million worth accountforever. Stefan Thomas lost a slip of paper he wrote the…

The Corporate Affairs Commission (CAC) made more than N19 billion as Internally Generated Revenue (IGR) last year, its registrar-general, Alhaji Garba…

Coca-Cola has appointed Alfred Olajide as it’s new vice president and managing director for its Nigeria operations A statement by the company said the appointment…

Nigeria’s first Professor of Capital Market, Professor Uche Uwaleke, has said there is nothing wrong with Federal Government’s plan to borrow N895 billion from unclaimed dividends and dormant deposits in bank accounts.…

In the first 10 days of 2021, Elon Musk, the CEO of Tesla, the electric car company, has made about $39.6 billion to become the world’s richest man. Musk dethroned Amazon co-founder, Jeff Bezos, on Thursday, January…

From an average increase of over one million monthly, active mobile subscriptions in the country declined by 46,648 in November 2020. Latest industry statistics released by the Nigerian Communications…

The Central Bank of Nigeria (CBN), last Friday, debited deposit money banks (DMBs) over N600 billion for falling short of the required Cash Reserve Ratio (CRR), findings by New Telegraph show. The latest debit…

Idahosa Okunbo, a business mogul, says Tunde Ayeni, former chairman of the board of directors, Skye Bank Plc, sold his shares in Ocean Marines Solutions Ltd…