Business

The Lagos State government is planning to introduce a new license agreement for bike hailing startups to allow them operate within the state. A source who spoke to TechCabal on the…

The Central Bank of Nigeria (CBN) might have concluded plans to add milk and other dairy products to items on the foreign exchange restriction list with a view to boosting local production, and investment in…

The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billion for the month of May, 13 percent higher than the N5.60 billion surplus made in April. The…

It would seem that Avatar’s nine-year reign has come to an end as ‘Avengers: Endgame’ has surpassed the James Cameron blockbuster as the highest-grossing film in history. On Saturday, the final Avengers…

The Federal High Court in Lagos has restrained Shoreline Power Company Limited’s management from interfering with a receiver-manager, Taiwo Ogbara, appointed by Ecobank Nigeria Limited…

COMMERCIAL banks have frozen interests on the N800 billion loans granted oil marketers, The Nation has learnt. They did so in compliance with a Central Bank of Nigeria (CBN) directive…

Anambra state government said it would provide aids for farmers in the state willing to venture into full scale cattle breeding with emphasis on breeding Igbo specie cow popularly known as Efi…

Nigeria's central bank barred banks from buying bills for their own accounts at an open market auction held on Thursday, a move intended to force them to lend rather than invest in government debt, traders said on…

Jennifer Iorfa, a petty trader from Gboko, Benue state makes and sells the local guinea corn milk called ‘kunu’ in local parlance and fried yam at a government secondary school close to her house in Gboko. One night, she…

The Nigeria Financial Intelligence Unit, NFIU, has announced an upcoming crackdown on ghost businesses across the country, amidst concerns about lax regulation of companies’ financial dealings.…

The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Understanding (MoU) with Ecobank on a N70billion portfolio commitment from the bank to…

Despite competing demands for its crude oil from other countries, the Nigerian National Petroleum Corporation (NNPC) yesterday restated its commitment to sustaining the supply of 10 per cent of India’s…

A trading firm of Oando based in Dubai is at the centre of an Iraqi crude oil shipment to Italian oil major, ENI. The crude was suspected to also contain Iranian oil targeted by US sanctions.…

The NNPC has reportedly issued award letters for highly sought-after contracts to exchange crude oil for imported fuel, with some Nigerian oil firms beneficiaries. A total of 15 groupings, with…

Inflation dropped to 11.22 per cent last month, compared to 11.40 per cent in May, the National Bureau of Statistics (NBS) announced yesterday. A separate food price index showed inflation at 13.56 per…

Nigerians spent nearly 3, 124, 026, 959 billion Naira to watch box office movies at the cinemas between January and June, 2019.News Agency of Nigeria reports that the figures were according to data provided by cinemas…

With a wobbling Gross Domestic Product of $1.8 trillion, countries in Sub-Saharan Africa are on the cusp of economic transformation, with the imminent coming on-stream of the $12 billion Dangote refinery and…

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between…

TOTAL of seven leading deposit money banks, DMBs, may now be under pressure to beef up their loan portfolio following a recent directive by the Central Bank of Nigeria, CBN, which requires banks to give out 60 percent of…

Vice-President Yemi Osinbajo says the current administration has invested N900 billion in the power sector since it assumed office in 2015. Osinbajo spoke when he paid a courtesy visit on Chike Edozien, the…

Facebook Inc has been slammed with a hefty $5billion fine by the U.S. Federal Trade Commission following its investigation into the social media company’s handling of user data, multiple sources familiar…

Japan’s Bitpoint is the latest cryptocurrency exchange to be hit by a hack targeting its holdings; the exchange says around 3.5 billion yen ($32 million) of funds were stolen, with 2.5 billion yen…

Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has threatened to sanction any commercial bank inflating interest rate above single, specifically on social intervention scheme anchored by the apex bank.The…

China’s Fosun Group is considering nearly a billion dollar rescue of embattled British tour operator Thomas Cook, the Hong Kong-listed conglomerate confirmed Friday. The Chinese company said in…