Business

Fidelity Bank Plc on Thursday announced gross earnings of N48.4 billion for the first quarter ended March 31, 2019. The News Agency of Nigeria (NAN) reports that the gross earnings represented a growth…

The House of Representatives is to constitute an ad hoc investigative panel over the non-remittance of stamp duty by the Central Bank of Nigeria (CBN), money deposit banks and other collection agents.…

Nigerian workers who are part of the contributory pension scheme can rest easy as their assets were not affected by the recession and naira devaluation in 2016, the Pension Fund Operators Association of…

In the stock market, small margins separate success from failure. Ten per cent is a big difference in performance; 100 per cent, an oceanic one. And then there is Warren Buffett. Over the past 54 years,…

As Nigeria is reportedly planning to repair its refineries with N900 billion, Saudi Arabia has hinted on the possibility of establishing a refinery in Nigeria. Minister of Energy Industry and Mineral…

MTN Nigeria has changed its status from a private company to a public liability company (PLC) ahead of its listing on the Nigerian Stock Exchange. This conversion is one of the requirements for listing…

Olam International Limited, a Singaporean agro-allied company, on Tuesday offered to acquire Dangote Flour Mill, DFM, Plc in a bid worth N130 billion. Dangote Flour Mills, in a notice to the Nigerian Stock…

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s continuous subsidising of petrol consumption means the Nigerian National Petroleum Corporation (NNPC) will remain…

Emmanuel Ibe Kachikwu, the minister of state for petroleum, says he lost about six kilogrammes in weight when they tried to remove subsidy on petroleum products in 2016. Speaking on Hard Copy, a…

The Federation Account Allocation Committee, FAAC, has disbursed N1.92 trillion to the federal, state and local governments in the first quarter of 2019, according to the National Bureau of Statistics, NBS.…

The Minister of Information, Lai Mohammed, has said that the current policy of multiple exchange rates for the naira is working well, and as such the Central Bank of Nigeria (CBN) is unlikely to change it anytime…

After hearing Microsoft Corp. co-founder Bill Gates give a speech about the internet three decades ago, Eric Yuan decided he wanted to become part of the Silicon Valley dot-com boom.Then the China-born entrepreneur hit a…

Billboard recently reported that Amazon had entered discussions to launch an answer to Spotify’s free music streaming tier, and apparently, those talks were productive. The Seattle company today announced an…

The  Federal Government yesterday said it will divest 60 per cent of its stakes in the Bank of Agriculture (BoA) as part of plans to restructure the lender. The Director-General, Bureau of Public…

The nation’s foreign reserves rose by $1.85bn to $44.728bn as of April 12 from $42.87bn in March 12, according to latest statistics from the Central Bank of Nigeria.The value, rose from a value of $43.041bn in December 17,…

Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019, to the Nigerian and London Stock Exchanges. The Bank recorded positive performance across all financial metrics with…

The United Global Resolve for Peace on the Treasury Single Account has called on the Federal Government to disclose the total amount that had accrued to the Treasury Single Account since its implementation.…

Nigeria’s inflation measured by the Consumer Price Index (CPI) in March dropped by 0.06 per cent points, lower than the rate recorded in the previous month.In its monthly report posted on its website, the National Bureau of…

Diaspora remittances to Nigeria stood at $24.3 billion last year. It was the highest remittance to any country in sub-Saharan Africa and an increase of more than $2 billion compared to the previous year’s…

A Nigerian billionaire business man, Igho Sanumi has forfeited three of his popping London mansions as well as his expensive jet to Swiss bank over a debt www.e-nigeriang.com gathered is valued at about $3…

For the very first time in Nigeria’s 59-year history, the signature of a woman, Priscilla Ekwere Eleje, goes on the naira.  Eleje, who has been acting director of currency and operations at the Central…

As the Nigerian economy continues to gather momentum, after recording its fastest growth since 2015 in the fourth quarter of 2018, analysts have highlighted the role the direct financial intervention the…

The Nigerian National Petroleum Corporation, NNPC, yesterday said that it has reduced joint venture cash call indebtedness to international oil companies to $3.5 billion.Group Managing Director of the NNPC, Dr. Maikanti Baru…

IN the last three weeks, the oppressive impact of the myriad charges on the transactions of every owner of a bank account in Nigeria was the subject of discussion.Several media reports, lately also suggest that these charges,…