Business

Importation of sugar by Nigeria from Brazil has dropped by 17.46 per cent (N34.45 billion) from N197.3 billion ($540.57 million) to N162.85 billion ($446.17 million). The import was reduced by 17.47 per cent in one year…

In an effort to consolidate on its impressive financial performances and market leadership across the financial services spectrum, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced a…

RISING dollar inflows through the Investors’ and Exporters’ (I&E) Forex Window and foreign reserves accretion have stabilised the naira in the official and parallel markets. The I&E…

The Enugu Electricity Distribution Company (EEDC) says it will commence the deployment of prepaid meters to its customers in the south-east from June 15. In a statement on Tuesday, Chukwuemeka…

Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.They made the call in interviews with the News…

With the enlisting of the leading mobile operator in the country on the Nigeria Stock Exchange, the Nigerian Communications Commission, NCC, says other operators including Bharti Airtel, Globacom and…

The share price of Oando Plc dropped by 9.52 per cent on Monday, the first day of trading after the Securities and Exchange Commission ordered the resignation of the company’s Group Chief Executive Officer and other…

Apple, an American multinational technology company, is reportedly set to split its iTunes streaming service into three apps. The move follows Apple’s decision to rebrand itself as not just an…

The announcement by the Securities and Exchange Commission (SEC) on Sunday June 2, 2019, on the alleged appointment of Mr. Mutiu Olaniyi Adio Sunmonu, CON, to head an Interim Management Team at Oando may…

Leading jurists at the weekend urged the management of Asset Management Corporation of Nigeria (AMCON) to explore the opportunities offered by Alternative Dispute Resolution (ADR) centres established by the Federal High…

Two weeks after listing its shares on the premium board of the Nigerian Stock Exchange (NSE), the board of MTN Nigeria, at the weekend presented its audited financials for the year ended December 31, 2018.Highlights of the…

The Securities and Exchange Commission (SEC) yesterday named Mutiu Sunmonu as the head of an interim management team it constituted to oversee Oando Plc. It mandated members of the interim team to…

The Asset Management Corporation of Nigeria (AMCON) is seeking better ways to recover the over N5 trillion debts. The corporation will be exploring the Alternative Dispute Resolution (ADR)…

The Nigerian Electricity Regulatory Commission (NERC) has commended MOMAS Electricity Meters Manufacturing Company (MEMMCOL) for its immense contribution to the downstream power sector especially…

The African Union (AU) has signed a memorandum of understanding with Huawei to strengthen their cooperation in information and communication technologies, the Chinese telecom giant announced on Friday.…

The axe has fallen and it has cut deeper than expected. That Wale Tinubu, the Group Chief Executive Officer of OandO and his deputy, Mofe Boyo, have been removed from their lofty positionsand barred from…

A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said.The National Bureau of…

The Nigerian National Petroleum Corporation (NNPC) says the selection process for off-takers for the sales and purchase of natural gas liquid resources will be transparent. The Group Managing…

.........To create ‘Black Book,’ share details among financial institutionsTough times await chronic bank debtors as chief executive officers of financial institutions have resolved to create and maintain what they term…

The federal and the state governments are already owing workers arrears of the N30,000 new minimum wage, which was signed into law on April 18, 2019, and its implementation took immediate effect.Minister of Labour and…

THOSE accusing the Central Bank of Nigeria (CBN) of operating multiple foreign exchange (forex) rates are wrong, CBN Governor Godwin Emefiele has said. What obtains are multiple foreign exchange (forex)…

Multinational oil giant, Shell Petroleum Development Company Limited (SPDC), has declared that despite pressure from some quarters, it has no intention to resume oil and gas exploration activities…

MTN Nigeria on Saturday said that it was being investigated by the Economic and Financial Crimes Commission (EFCC) over the listing of its shares on the Nigerian Stock Exchange (NSE).A statement posted on the exchange web…

Shares belonging to MTN Nigeria recorded its first price loss on the Nigerian Stock Exchange (NSE) on Friday after its listing on May 16. NAN reports that the stock dipped N9 to close at N140…