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Adidas, Beyonce to launch gender-neutral collection
Adidas will start selling a new collection designed with singer Beyonce on Jan. 18 in a relaunch of her Ivy Park brand that includes shoes, clothes and accessories, mostly in…
Banks earn N135.15bn from e-payments in nine months
The adoption of electronic channels for financial transactions has earned 10 deposit money banks about N135.15bn revenue in the first nine months of the year ended September 30.Analyses of the unaudited 2019…
This billionaire made $39 billion in 2019, thanks to his luxury brands
After the stock of multinational luxury goods conglomerate, LVMH, cumulatively added $82 billion in value, the company’s Chairman and Chief Executive, Bernard…
Beta Glass to complete a $30 million furnace in Agbara by 2020
Nigerian bottle maker, Beta Glass Plc, has reiterated its commitment to ensuring the timely completion of an ongoing furnace capacity expansion at its Guinea plant in Agbara.…
Nigeria’s Pension Asset increased by N228 billion in October
Nigeria’s pension asset grew by N228 billion in October 2019 to end the month with an asset value of N9.81 trillion, according to the latest data from the…
Nigerian Cocoa beats competitors, to earn N220.5 billion in 2019
Nigeria seems to be leading other West African countries in earnings made from the exportation of cocoa. A recent data indicates traders in the country earned about N220.5…
Hyundai to set up car plant in Nigeria
Hyundai Engineering Company Limited is about setting up a car plant in Nigeria. Chang Hag Kim, chief executive officer of Hyundai Engineering, disclosed this when he led top…
BREAKING: Food gets cheaper in Lagos, Ondo but inflation hits 11.85%
Data made available by the National Bureau of Statistics has shown that the consumer price index that measures inflation increased to 11.85% in November. According to the…
International customers owe Nigeria N11.17b electricity bill
The Nigerian Electricity Regulatory Commission (NERC) has said that in second quarter 2019, international customers owed Nigeria electricity bills totally…
Dangote Petroleum Refinery to save $11b for Nigeria – Minister
MINISTER of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said Dangote Petroleum Refinery will save the nation $11 billion. The…
NNPC records trading surplus of N5.20b
THE Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N5.20billion for August. It reflects an increase of 22 per cent when compared…
Bankers’ Committee classifies BVN for poor, rich customers
The Bankers’ Commit-tee has commenced Bank Verification Number (BVN) classification plan that will allow the rich and poor in rural areas have access to…
‘You cannot cheat Nigeria’ — TCN asks Togo, Benin to pay $9m electricity bills
The Transmission Company of Nigeria (TCN) has asked its international electricity customers to pay $9 million outstanding power bills. Speaking in Abuja, Usman…
GTB moves to seize assets of Sunil Vaswani, Stallion Group over N12b debt
A Federal High Court in Lagos has granted an order protecting the receiver appointed by Guaranty Trust Bank, Plc Mr Gbenga Akinde-Peters, to take over all fixed and…
Porsche gets 30,000 down payments for new electric car
Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive. Those customers in Europe have plunked down 2,500…
Saudi Aramco valued at $2 trillion, beats Apple
Saudi Aramco stock defied skepticisms Thursday by soaring for a second day, topping the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman.…
Refund to bank customers stand at N76.7bn, $20.9m – CBN
The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars. Mr…
TAJBank Unveils Second Branch in Kano
TAJBank, Nigeria’s newly licenced non-interest bank has announced the launch of its second branch in Kano State. The launch, which held at the bank’s office in Kano,…
New brands of local rice flood major markets, as prices of major items drop
The local price of rice recorded a significant drop after weeks of price hikes following the closure of Nigerian land borders. Latest Nairametrics Food Price Survey reveals more brands of local rice have now flooded major markets in the…
Border Closure Has Prevented Neighbouring Countries From Killing Our Economy – Indimi
The Founder, Oriential Group, the parent company of OER Farms Ltd , Dr. Muhammadu Indimi has said that the closure of borders by the federal government of Nigeria prevent the nation’s neighbouring countries…
$1.06b Malabu oil block: Govt, EFCC, Interpol in row over Adoke
THE International Police (INTERPOL) has rejected the request of former Attorney-General and Minister of Justice Mohammed Bello Adoke for release from its custody in…
Arsenal announce £30million loss in matchday revenue
Arsenal have announced a £30million loss in matchday revenue for the year ending May 31 2019. Having previously posted a pre-tax profit of £97.4million, the club have now revealed a pre-tax loss of £23.5million, as…
Price of Bonny Light hits $65.47 per barrel
The price of Bonny Light, Nigeria’s premium oil grade, has risen from $63.00 to $65.47 per barrel as the Organisation of Petroleum Exporting Countries, OPEC, cuts output by…
OPEC Agrees to Slash Output Target by 500,000b/d
The Organisation of Petroleum Exporting Countries (OPEC) yesterday in Vienna, Austria agreed to reduce its output target by 500,000 barrels a day.At the 7th OPEC and non-OPEC Ministerial Meeting, which ended…