Business

MTN Nigeria Communications LTD has been accused by Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), of deducting tax from the N330 billion fine it paid to the Nigerian…

The Central Bank of Nigeria (CBN) report shows that  Purchasing Managers Index (PMI)  stood at 57.6 index points n July, indicating expansion in the manufacturing…

The Nigerian Stock Exchange has delisted the issued share capital of First Aluminium Nigeria from its official list following the company’s request for voluntary delisting. Godstime Iwenekhai,…

Huawei has announced a 23.2 percent growth in revenue in the first half year, despite the hostile moves by President Donald Trump. The company declared first-half revenue of 401.3 billion yuan…

China has commenced the export of used cars to Africa, Asia and Europe, with Nigeria one of the destinations for the first batch of 300 cars.The country’s Ministry of Commerce had, in a statement, announced that it had…

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.The bank’s Director, Corporate Communications…

THERE are indications that the city of Ibadan, Oyo State, would be hosting two Inland Container Depots, ICDs, as two maritime big players (Maersk and Catamaran) square up over cargo traffic in the South West link. The…

Vice President Yemi Osinbajo, on Tuesday, set up a task force with a mandate to devise a strategy to recover the N5 trillion owed to the Assets Management Corporation of Nigeria (AMCON).…

China Petrochemical Corporation (Sinopec Group) has disclosed that it is shipping to Dangote Refinery in Lekki Lagos, the world’s largest atmospheric tower. The tower has left a wharf in…

Subscribers of two telecommunication giants: MTN and GLO are in for a hard time as connectivity between the two lines have broken down, no thanks to a whopping N10 billion the Mike Adenuga led GLO…

United States bank Capital One said a hacker gained access to more than 100 million credit card applications earlier this month. The compromised data included some Social Security…

Nigerian traders in Ghana have decried the frequent closure of their shops by Ghanaian nationals in disregard for the Economic Community of West African States (ECOWAS) free trade treaty. The…

In parts of northern Nigeria, particularly in Kano and Jigawa States, a Chinese man known by the locals as Mr Lee is as popular as Aliko Dangote, Africa’s richest man.Mr Lee’s chain of industries is known…

In its bid to boost agriculture and encourage entrepreneurship, the Canadian government has supported 10,000 Nigerians, mostly from Cross River State, with $15 million (Canadian). …

Oando PLC has recorded N7.2 billion profit-after-tax (PAT) for this year’s six months ended June 30. The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC)…

Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country. Some economic experts who spoke with the…

The live-action remake of the 1992 animated classic, which stars Will Smith, Mena Massoud and Naomi Scott, has already made $343 million in the United States alone. Highlighting the success of the…

Yesterday, MTN Nigeria Plc released its Q2 2019 financial results, a breakdown of which shows how the leading telco made money in the past six months. Of specific interest is the…

The Central Bank of Nigeria (CBN), said, Friday day, that some people were working against its intention to restrict foreign exchange to milk importers in the country.According to the bank, the decision to encourage…

MTN Nigeria Communications Plc will be distributing N60 billion as interim cash dividend to shareholders. Shareholders will receive a dividend per share of N2.95 for the first half ended June 30,…

Ebenezer Onyeagwu, the new group managing director of Zenith Bank, says banks are planning on a mechanism that will allow them to recover customer loans from deposits made in other banks.…

The Federal Government has directed all insurance and reinsurance companies in the country to submit their recapitalization plan to the National Insurance Corporation (NAICOM) on or…

At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said.The apex bank said this in its first quarter report on currency-in-circulation…

Shareholders of Cement Company of Northern Nigeria Plc on Thursday approved the payment of N5.25bn as dividends for the 2018 financial period.The amount which was approved at the company’s annual general meeting in Abuja…