Business

Barely three months after local oil firm, Prudent Energy Services Limited bought Forte Oil from the Nigerian billionaire, Femi Otedola, the company is planning to make another round of…

In order to show support for government’s decision to close the country’s border at Seme to rice smuggling, rice processors in Nigeria have pegged the retail price of rice at not more…

At least 22 major infrastructural projects worth over $47bn have been linked to Chinese firms as China continues to support its companies to win prime contracts in Nigeria to maintain a foothold on the nation’s…

Hundreds of existing and start-up entrepreneurs based in Oyo State have benefitted from the seventh edition of the First City Monument Bank (FCMB)-organised free comprehensive capacity building…

A refinery belonging to Aliko Dangote, Africa’s richest man, has taken delivery of a heat recovery steam generator. A heat recovery steam generator (HRSG) is a heat exchanger, used in…

Tougher days await habitual defaulters of bank loans as stakeholders in the banking industry have backed the moves by the Central Bank of Nigeria (CBN) and the Bankers’ Committee…

An Italian oil major, Eni, has said that it has made a huge gas and condensate discovery onshore Niger Delta.Eni said on Tuesday that through its affiliate, Nigerian Agip Oil Company, it made a significant gas and…

HUNDREDS of existing and start-up entrepreneurs based in Oyo State have benefitted from the seventh edition of the First City Monument Bank (FCMB) organised free comprehensive…

On August 26th, the Nigerian Stock Exchange ended trading on a bearish note, a situation that inevitably resulted in many investors losing billions of naira. Some of those who lost the…

The latest report released by the National Bureau of Statistics (NBS) shows that Nigeria generated N311.94 billion revenue from Value-Added Tax (VAT) in the second quarter (Q2) of 2019.  …

…stops credit payments for imports......Banks notify customersThe Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) in the country to stop the processing of milk and its related products on “Bills…

NIGERIA and other African countries are targeting Value Added Tax (VAT) revenue from the over $1trillion infrastructure investment coming into the continent Executive Secretary of the…

Apple has had its market value reduced by $44 billion following the continued trade war between the United States of America and China. The President of the United States of America, Donald…

The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks. Addressing journalists after…

Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve…

The Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both domestic and international, from January 2020.The chairman of FIRS, Tunde Fowler, disclosed…

Kenya has joined the league of crude oil exporters in Africa. President Uhuru Kenyatta flagged off the maiden oil shipment today at a ceremony in the port of Mombasa, with a warning…

Efforts by the new Board and Management of Emerging Markets Telecommunication Services Limited (EMTS), trading as 9mobile, to reposition the company have started yielding positive…

One of the many problems bedeviling Nigeria is that of the housing shortage. In 2017, the Bureau of Public Service Reform (BPSR) warned that Nigeria was facing a housing deficit crisis…

The Central Bank of Nigeria (CBN) has disclosed that the policy to stop Foreign Exchange (Forex) for the importation of food into the country has since commenced. This is contrary to widespread speculation in the…

Although Femi Otedola’s decision to divest his shares in Forte Oil came as a surprise to many Nigerians, it was more surprising that it was acquired by Nigerian company, Prudent Energy…

Nigerian business magnate, Aliko Dangote, makes about N2.47 billion from cement sales every day. This is according to the Group Managing Director of Dangote Cement Plc, Joseph…

.......Opposes FG’s plan to sell 40% stake in Discos Onyebuchi Ezigbo in Abuja  Nigeria Labour Congress (NLC) has rejected the upward review of electricity tariffs being charged by distribution companies (Discos)…

As the federal government tries to wriggle its way out of the failed gas project proposed to be executed by an Irish-owned firm, Process and Industrial Developments (P&ID) Limited, that has plunged the country into…