Business

The Institute of Directors (IoD) Nigeria has launched an  investigation into the crisis between the Securities and Exchange Commission (SEC) and Oando Plc. It has mandated its directors of…

African Bankers have described the federal government tradermoni as Africa’s most impactful financial inclusion scheme. The Tradermoni,which is a key element of the Buhari administration’s…

Shareholders of the leading cement manufacturer, Dangote Cement Plc, have approved a dividend payment of N272.6 billion for the financial year ended December 31st, 2018. This translates to a…

The Nigerian National Petroleum Corporation (NNPC) has disclosed that Nigeria’s crude oil has exceeded the 2.3 million barrels per day benchmark as the average daily production hit 2.323 million…

Deposit money banks (DMBs) in Nigeria borrowed a total of N10.2 trillion from the Central Bank of Nigeria (CBN) through the Standing Lending Facility (SLF) window of the apex bank in the first four months of this…

Any firm found smuggling into the country goods for which access to foreign exchange (forex) has been restricted will have its bank accounts closed, the Central Bank of Nigeria (CBN) warned…

A new flavour from the stables of Nigerbev Limited, makers of Best alcoholic beverage, has been unveiled in Nigeria to the delight of their teeming alcoholic beverage lovers. Best alcohol premium beverage aims to satisfy…

The government of the People’s Republic of China on Monday said that it would create more opportunities for more Nigerians to visit China in the years ahead.Mr Chu Maoming, Consul General of China in Lagos State, told the…

Nigeria has overtaken South Africa as Africa’s largest economy. And with over 200 million people, it is the largest market in the continent, its population nearly twice the size of Ethiopia (110 million) or…

The founder of Huawei said on Monday that the embattled Chinese telecom giant’s overseas smartphone sales had tumbled by 40 per cent this year as it grapples with a US push to clip the company’s…

…as e-payment gains tractionValue of cheque transactions across the country stood at N1.9 trillion in the last five months, New Telegraph has learnt.This, however, showed a decline in the paper-based deals compared to…

Sixty-Two debtors are owing the Asset Management Corporation of Nigeria (AMCON) N10 billion and above each, the agency has said. The corporation was established on July 19, 2010, when AMCON Act was…

The on-going tussle between the Securities and Exchange Commission and the management of Oando Plc is significantly having negative effects on shareholder value, writes Oluchi ChibuzorMinority shareholders in Oando Plc are…

The Bank of Industry (BoI) disbursed over N270billion in 2018, the Executive Director, Large Enterprises, Bank of Industry, Mr. Simon Aranonu has said. Speaking in an interview with The Nation at the…

After series of warnings from the CBN and SEC, it's so unfortunate that some Nigerians still went ahead to invest in the Ponzi scheme, Loom. Lagosians storm LOOM headquarters as they claim no staff has been on ground since last week.…

The  Economic Intelligent Department of the Central Bank of Nigeria (CBN) has started investigating the accounts of those who are involved in smuggling or dumping palm oil into Nigeria. This…

The Central Bank of Nigeria (CBN) has directed banks to commence funding for small holder farmers and companies producing five products under its export facilitation initiative (EFI). The five products…

The Central Bank of Nigeria (CBN) has disbursed N30 billion to local palm oil producers following its renewed commitment to end importation of foreign fabrics.CBN Governor, Mr. Godwin Emefiele, disclosed this yesterday at…

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange…

The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded last Tuesday. Figures obtained from the CBN…

Nigeria’s second Sovereign Green Bond offered for N15 billion has been oversubscribed by 220 per cent, the Debt Management Office (DMO) said on Thursday. A statement from DMO said “the proceeds…

The Nigeria Customs Service (NCS) has increased its revenue generation to N5.5 billion daily. Comptroller-General (CGC), Col. Hameed Ali (rtd), made this known during a working visit to the headquarters of the National…

Alcohol consumption is a big business in Nigeria with consumers spending just less than a quarter of a trillion naira in 2016. According to the latest data from the nation’s statistics bureau, in 2016 alone, Nigerians…

The Federal government via the Nigerian power sector regulator – Nigerian Electricity Regulatory Commission (NERC) – has granted Green Energy International Limited (GEIL), the Operator of the…