Business

The Federal Government has taken the verification and payment of ex-workers of the defunct Nigeria Airways Limited (NAL) in Diaspora to London, United Kingdom (UK). The two-week exercise, which will be conducted by an…

Only high net-worth individuals and institutional investors that have a minimum of $3 million in investable assets will be offered shares in the upcoming initial public offers (IPO) of Airtel Africa.…

Huawei filed a lawsuit against the U.S. Commerce Department on Friday challenging whether telecommunications equipment it sent from China to the United States, and then back to China, is covered…

Drug prices in Nigeria may increase by as much as 100 percent in just a matter of weeks. This is because of the recent hike in the price of drug registration by the National Agency for Food and…

Concerned with the stagnant state of the nation’s economy marred with inconsistent foreign exchange earnings through oil export, the Association of Bureaux De Change Operators of Nigeria has…

One of Facebook‘s Co-founders, Chris Hughes, has come out to sound the alarm over the company’s new cryptocurrency – Libra. Facebook’s unveiling of its digital currency elicited quite a number…

They surrendered their firearms to the government under the Amnesty Programme with a pledge to eschew criminality but inside the Niger Delta creeks, the militants run well-coordinated oil theft…

Femi Otedola, a Nigerian businessman and billionaire, has disclosed plans to shift his focus to power generation. In a series of tweets on his Twitter page on Saturday, Otedola said his business focus…

Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back but not with a bang. This time dubbed MMM Cooperation, the…

An Italian aviation interior company, Aviointeriors, has designed SkyRider seats or standing seats for a new ‘Ultra-Basic Economy’ class on planes. Also known as saddle seats, Aviointeriors…

The Central Bank of Nigeria (CBN) has promised to offer loans to the National Youth Service Corps (NYSC)members for a 7-year tenor. The loan is intended for the purpose of establishment of small and medium scale enterprises. This was…

The Securities & Exchange Commission (SEC) and Oando saga is generating commentary from all quarters. There have been appeals for SEC to follow due process in the Oando case from groups as…

The Central Bank of Nigeria (CBN) has summoned all authorised currency dealers for a meeting to discuss development in the foreign exchange market. The invitation was contained in a circular…

The Tax Appeal Tribunal, South East Zone, has declared that gratuities payable to pensioners are tax exempted under the Personal Income Tax Act (PITA). The tribunal made the declaration while…

President Muhammadu Buhari resisted the pressure to extend the tenure of outgoing Nigerian National Petroleum Corporation (NNPC) Group Managing Director Maikanti Baru, The Nation learnt on Thursday.…

The electricity distribution companies (DisCos) have demanded a cost recovery framework before making investments in power distribution. Speaking at a seminar for the preparation of performance…

The federal government, through the Debt Management Office (DMO), will issue a N100 billion bond for subscription on June 26. In a circular posted on its website on Tuesday, the DMO said it will receive…

Femi Otedola, the erstwhile majority shareholder of Forte Oil Plc, yesterday announced his exit from the firm, in a post on his Instagram page.   During the day’s trading session, 970,166,694…

The Central Bank of Nigeria (CBN), has revealed that Nigeria attracted total capital inflows worth $33.27 billion in the past seventeen months. A breakdown shows that the country’s Foreign Direct…

Consolidated Capital Market Stakeholders Forum (CCMSF) has backed the recently released forensic audit which the Securities and Exchange Commission (SEC) has against Oando Plc. In a statement signed by…

President Muhammadu Buhari says Nigeria will be guided by ‘‘national interest’’ in taking any decision on the agreement establishing the African Continental Free Trade Area (AfCFTA). The…

Aliko Dangote, president of Dangote Group, says Nigeria is currently losing at least 300,000 tonnes of sugar to smuggling annually. He also said the smuggling activities in the sugar industry has hindered the…

In spite of the recent incidents of air crash and near-crash involving it, Ethiopian Airlines Group, the largest Aviation Group in Africa, has again been voted the ‘Best Airline in Africa’ for…

Femi Otedola, billionaire businessman, says the sale of Forte Oil Plc, has been completed. Last year, Otedola, who was chairman of the oil firm, had announced the plan to sell off his 75 percent stake in…