Business

The shares of Dangote Cement, Nigeria’s second most capitalised company, was the favourite for investors on the floor of the Nigerian Stock Exchange on Monday, driving the price to a 17-…

The Nigerian government has allowed Dangote Cement to resume exports across its land borders, Bloomberg reports. This is despite the closure of all land borders by the government for over one year. The move has, however,…

WhatsApp on Friday entered an increasingly tense battle between multinational giants such as Google and Alibaba for a chunk of India’s fast-growing digital payments market. The Facebook-owned…

The Dangote Group has informed overall work at its 650,000 barrels per day (bpd) integrated refinery and petrochemical project had reached 80 percent completion. It said this percentage covered the project’s engineering, design…

MTN Nigeria profit before tax declined by 0.6 percent to N211.6 billion in the nine months ended September 30, 2020. The telecommunications giant grew mobile subscribers by 3.9 million to 75 million when compared to the same…

MTN Group has completed its exit from Jumia, a leading e-commerce platform in Africa, selling its 18.9 percent stake and raising $138 million from the deal. This was contained in the MTN Group third quarter for 2020 (Q3 2020)…

The Department of Petroleum Resources (DPR) says 600 companies have applied to be prequalified for the marginal oil fields bid rounds. Paul Osu, DPR head of public affairs, told NAN on Friday that the bid round process for its 57…

Moderna Therapeutics, a US biotech firm, says it has received $1.1 customer deposits ahead of its global COVID-19 vaccine launch. The biotechnology company revealed this in its third quarter…

Apple shares were sent reeling Thursday on word of a steep drop in sales of iPhones, which are at the heart of the tech titan’s money-making engine. Apple profit fell 7 per cent to $12.7 billion in the recently ended quarter,…

Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). The fund was a built-in strategy to effectively…

THERE appears to be a brewing boardroom bickering at Jaiz Bank Plc over the tenure of the current Managing Director and the appointment of a successor. The two claimants are the current…

The Purchasing Managers’ Index (PMI) for the manufacturing sector in October stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. The manufacturing PMI for the month…

•Insurers move to assess damages for claims’ payment Banks have begun taking stock of their losses to the civil unrest in some parts of the country in the wake of the shooting of…

MTN Nigeria has appointed Karl Toriola as the new chief executive officer (CEO) with effect from March 1, 2021. In a statement by MTN Group on Monday, Toriola, the current vice president for MTN Group’s West and Central Africa…

Samsung Electronics chairman Lee Kun-hee died at the age of 78 on Sunday, the company said. Lee, who turned the South Korean firm into a global tech giant, was left bedridden by a heart attack in 2014. "It is with great…

Access Bank Nigeria Plc. has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths, and micro, small and…

The world’s second-largest economy, China just recently published a draft law that seems to ban entities from issuing digital cryptos. This could be the first time the word ‘Crypto’ has appeared in any of China’s formal laws.…

The Managing Director, Dangote Tomato Processing plant in Kadawa, Kano State, Abdulkarim Kaita, has called on the Federal government to put a total ban on the importation of tomato paste into the country. He made the call…

WhatsApp is apparently taking the fight to Zoom with a rumoured new feature that could make it the go-to for video conferencing. The world’s most popular messaging app already offers…

The Central Bank of Nigeria has advised all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of Terrorism monitoring tools, in line with the red flags and emerging trends arising from…

Nigeria Customs Service, Apapa Area Command has generated  N367,682,616,309.23 from January through September, this year. A total of 328 containers of various goods valued at…

United States President Donald Trump has been given permission to build another golf course in Scotland after authorities there decided in his favour on Sunday in spite of local opposition. The…

The #EndSARS protest is taking its toll on the economy and businesses, economists lamented at the weekend. They put the daily loss in the economy at a minimum N10 billion. Youths across the…

Investors this week gained N121 billion on the Nigerian equities market, in a trading week marred by #EndSARS protests in the nation’s commercial capital, Lagos, and other cities across…