Business

The Nigerian National Petroleum Corporation (NNPC) says it remitted N1.26 trillion into the federation account in 2018 as against the projected N1.22 trillion projected in the 2018 budget.…

The Nigerian Communications Commission (NCC) says the MTN Group has nine days left to pay up its N330 billion fine, which has a deadline of May 31. In October 2015, the regulator slammed MTN a fine of…

The Nigerian Customs Service (NCS) has commenced electronic (online) auction of contrabands, including exotic cars of different brands seized from smugglers in Imo/Abia and Edo/Delta commands.…

The Oyo State and the Federal Governments have fine-tuned agreement on the proposed $99,665,626 (N35.9b) Ibadan Inland Dry Port, which is expected to ease the pressure on the Apapa Seaport and the…

The Federal Inland Revenue Service (FIRS) yesterday promised to surpass in 2019 the N5.32 trillion it made last year. The N5.32 trillion remains its highest yearly collection so far. In a paper…

Former governor of Abia State, Orji Uzor Kalu was a guest of embattled President Nicolás Maduro of Venezuela on Monday. Orji, now a senator-elect in his state met Maduro at the Miraflores Palace,…

Nigeria’s external reserve has hit the $45bn mark in May, up from the $44.7bn it reached earlier in the month. According to figures revealed by the Central Bank of Nigeria, external reserve has increased…

The French Agency for Development (AFD) says the 11 electricity distribution companies (DisCos) in Nigeria will need an investment of $10 billion to improve power supply in the next five years.…

MTN Nigeria Communications Limited has paid a total of N235bn out of the N330bn fine imposed on the mobile telecommunications operator in August 2015 by industry regulatory agency, the Nigerian Communications…

The special presidential investigation panel for the recovery of public property says it will sue Unity Bank for alleged economic sabotage if it refuses to return N7 billion. In a statement released on…

The telecoms sector boosted the nation’s Gross Domestic Product (GDP) in the first quarter (Q1) of this year with N2trillion, Communications Minister Adebayo Shittu said yesterday. Shittu, who spoke…

The first quarter (Q1) Gross Domestic Product (GDP) for 2019 has been released by the National Bureau of Statistics. The Q1’2019 GDP grew by 2.01%, which signifies an improvement from the 1.89% growth…

More facts have emerged on the reasons why the defunct Diamond Bank surrendered itself for a business combination deal with Access Bank Plc. The deal was consummated on April 1. According to a…

The Nigerian National Petroleum Corporation (NNPC) has said it will unveil  the largest Liquefied Petroleum Gas (LPG) also known as cooking gas and propane storage and dispensing facility in Oredo,…

Ahead of the 2019 World Environment Day  (WED) celebration, which amplifies the clamour for players in the petroleum industry to curb the rising level of global air pollution, Nigeria Liquefied Natural Gas…

After about two years of bickering, the Nigerian Ports Authority (NPA) has terminated its boats pilotage monitoring and supervision agreement with Intels Nigeria Limited. Intels is a leading integrated…

Some 700 Shareholders profiting from massive demand and piecemeal supply intended to jack up value Share price jumps 21% in 2 days of trading Investors on the Nigerian Stock Exchange (NSE)…

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says his next tenure would be used to pursue policies that will further diversify the economy and make it difficult for people to circumvent…

Anxiety continues to mount in government circles in Nigeria as a London court sits next next Tuesday in a case that may see Nigeria forfeiting up to $9billion in foreign assets.The expected loss is in respect of an…

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image below. List of shareholders in MTN as at May 2019. Shareholders in…

The Federal Inland Revenue Service (FIRS) says it will soon begin collection of Value Added Tax (VAT) on online transactions. The Chairman of the agency, Mr Babatunde Fowler, made the disclosure in an…

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Thursday commended the federal government for the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG). The group…

The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler disclosed this in New York at the…

On Thursday, MTN made history as the first telecommunication major in Nigeria to be listed on the country’s stock exchange. Pascal Dozie, MTN Nigeria chairman, who spoke at the historic event, said:…