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Nigeria’s October Manufacturing PMI Expands To 58.2 Points
The Manufacturing PMI in the month of October stood at 58.2 index points, indicating expansion in the manufacturing sector for the thirty-first consecutive month. The…
2 million jobs coming as CBN plans N100b textile funding
ABOUT two million jobs are to be created in the textile industry with the expected injection of massive cash to revive the comatose sector Mr. Godwin Emefiele, the CBN governor, said…
Chevron Quitting Nigeria To Focus On Shale Back Home
Chevron is divesting itself from oil fields in Nigeria for the shale fields in New Mexico and Texas. Sources told Reuters that it has started discussing with buyers to sell some of its…
Amazon set to challenge loss of $10 billion Pentagon JEDI cloud computing contract
If Amazon.com decides to fight the Pentagon’s decision to award a highly contested $10 billion cloud computing contract to Microsoft, it could act as early as next…
Abiodun inaugurates N43b carton factory
Ogun State Governor, Prince Dapo Abiodun, on Monday inaugurated Jaro Industries’ N43billion corrugated carton factory at OPIC’s New Makun Industrial City on the Lagos Ibadan…
Like P&ID, like Accugas? Nigeria in trouble over another sloppy gas deal
While Nigeria is still struggling to untie the legal knots around the controversial P&ID gas and supply processing agreement (GSPA), another sloppy deal has boxed the…
Oando Posts N13bn Q3 Profit
Oando Plc has announced its unaudited results for the third quarter ended September 2019, which showed that its profit after tax increased by 26 per cent to N13.1 billion, up from the N10.4 billion recorded in same…
Border Closure is Creating Jobs, Boosting Local Demand – Emefiele
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday listed the gains of border closure since August to include boosting domestic trade, job creation and enhancing Nigeria’s economic…
Foreign Airlines Reap $700m from Ticket Sales in Eight Months
Following the improvement in the Nigerian economy after the recession that hit the country, foreign airlines operating in the country sold tickets worth $700 million as at the end of August 2019, according to…
Dangote Establishes N3bn Tomato Processing Factory in Kano
Dangote Tomatoes Processing Plant has established a N3 billion Green House nursery in Kano, designed to process over 300 to 350 million tons of hybrid tomato seedlings expected to make Nigeria self-sufficient in…
GTBank removes all Bank Charges for Young Undergraduates on its GTCRea8 Account Product
If you are an undergraduate, between the ages of 16-25, then you can now bank for free with Guaranty Trust Bank (GTBank). The leading, youth-focused, financial institution has…
Niger, Benin others must engage Nigeria before border reopens – Emefiele insists
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday insisted that neighbouring countries must engage with Nigeria before the Nigerian border is reopened. The…
FCMB and SystemSpecs Sign MoU, Launch a Payroll Solution for SMEs
First City Monument Bank (FCMB), a leading financial services provider, in collaboration with SystemSpecs Limited, has launched a solution that is focused on aiding different aspects of…
FG earned N52b from solid minerals in 2017 – NEITI
The solid minerals sector contributed N52.75 billion to federation revenue in 2017, a 21% increase on the N43.22 billion contributed by the sector in 2016. The information…
Access Bank Set to Acquire Kenyan Bank
Access Bank is set to acquire the Transnational Bank Limited of Kenya.The deal, which comes exactly seven months after Access Bank successfully consummated a business combination deal with the defunct Diamond Bank…
N50 PoS charge begins
The Central Bank of Nigeria (CBN) and the Nigeria Interbank Settlement System (NIBSS) are working for the application of remittance processes to ensure the seamless collection…
9 months results: 7 banks gross N547bn profit
.......N56bn higher than 2018.......Rake in N44.7bn from account maintenance fees A breakdown of the cumulative nine months’ results of the seven banks that have so far submitted theirs to the Nigerian Stock…
World’s most expensive bottle of whisky sells for £1.5m
The "Holy Grail" of whiskies smashed the record for the most expensive bottle ever sold, going for nearly £1.5 million at a London auction. The Macallan 1926 60-year-old…
Jeff Bezos reclaims world’s richest man title, few hours after losing to Bill Gates
Amazon founder and CEO Jeff Bezos, has reclaimed the World's Richest Man title few hours after losing the spot to Microsoft co-founder Bill Gates. Bezos who ended Gates' 24-year run…
Amazon Founder, Jeff Bezos Loses World’s Richest Man Title To Microsoft’s Bill Gates
Jeff Bezos has just lost his position as the richest person on Earth to Bill Gates. According to Forbes, the Amazon honcho lost his title during after-hours trading…
Bank CEOs back NCC over USSD charges suspension
The body of Bank CEOs has commended the decision of the National Communications Commission to suspend the Unstructured Supplementary Service Data charges by telecommunication companies for accessing bank services.The…
FIRS generates N4 trillion in nine months
The Federal Inland Revenue Service (FIRS) collected N4.012 trillion in three quarters (January-September), its Executive Chairman, Tunde Fowler, said on Thursday. He told…
Banks, telcos feud over USSD charges deepens
The gulf created between banks and telecommunication companies over an ‘attempt’ by telcos to start the deduction of Unstructured Supplementary Service Data (USSD) is widening by the…
Celebrity Blogger Ayobami Ladipo ‘Mr Porsche’ Unveils New Coy In Interior Decorations
Lagos big boy cum media personality, Ayobami Ladipo better known as Mr Porsche has unveiled a new company, PorscheClassy Interiors. Mr Porsche who is regarded as a serial enterprenuer, is also the CEO of one…