Business

The telecoms sector boosted the nation’s Gross Domestic Product (GDP) in the first quarter (Q1) of this year with N2trillion, Communications Minister Adebayo Shittu said yesterday. Shittu, who spoke…

The first quarter (Q1) Gross Domestic Product (GDP) for 2019 has been released by the National Bureau of Statistics. The Q1’2019 GDP grew by 2.01%, which signifies an improvement from the 1.89% growth…

More facts have emerged on the reasons why the defunct Diamond Bank surrendered itself for a business combination deal with Access Bank Plc. The deal was consummated on April 1. According to a…

The Nigerian National Petroleum Corporation (NNPC) has said it will unveil  the largest Liquefied Petroleum Gas (LPG) also known as cooking gas and propane storage and dispensing facility in Oredo,…

Ahead of the 2019 World Environment Day  (WED) celebration, which amplifies the clamour for players in the petroleum industry to curb the rising level of global air pollution, Nigeria Liquefied Natural Gas…

After about two years of bickering, the Nigerian Ports Authority (NPA) has terminated its boats pilotage monitoring and supervision agreement with Intels Nigeria Limited. Intels is a leading integrated…

Some 700 Shareholders profiting from massive demand and piecemeal supply intended to jack up value Share price jumps 21% in 2 days of trading Investors on the Nigerian Stock Exchange (NSE)…

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says his next tenure would be used to pursue policies that will further diversify the economy and make it difficult for people to circumvent…

Anxiety continues to mount in government circles in Nigeria as a London court sits next next Tuesday in a case that may see Nigeria forfeiting up to $9billion in foreign assets.The expected loss is in respect of an…

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image below. List of shareholders in MTN as at May 2019. Shareholders in…

The Federal Inland Revenue Service (FIRS) says it will soon begin collection of Value Added Tax (VAT) on online transactions. The Chairman of the agency, Mr Babatunde Fowler, made the disclosure in an…

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Thursday commended the federal government for the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG). The group…

The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler disclosed this in New York at the…

On Thursday, MTN made history as the first telecommunication major in Nigeria to be listed on the country’s stock exchange. Pascal Dozie, MTN Nigeria chairman, who spoke at the historic event, said:…

MTN Nigeria Communications Plc has rose by the maximum daily allowable price gain of 10 per cent by yesterday trading at the Nigerian Stock Exchange ( NSE ), chalking up a whooping N201. 47 billion capital…

The market capitalisation of equities listed on the Nigerian Stock Exchange rose by N1.90tn on Thursday after MTN Nigeria Communications Plc listed 20.35 billion shares on the Exchange.The stock market rose by 0.54 per cent at…

As part of efforts in finding lasting solution to the Apapa gridlock, Nigerian Ports Authority (NPA) has signed a Memorandum of Understanding (MoU) with APM Capital to extend the use of barges to evacuate…

Ecobank Nigeria has announced that residents in Lagos should take used plastic materials, especially soft drink and water bottles among others to its head office on Victoria Island and exchange them for cash…

MTN Nigeria Communications Plc said it has secured the requisite regulatory approval to list its shares on the Nigerian Stock Exchange (NSE) today. In a statement, the telco said it is “pleased to…

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has urged that the federal government to pay more attention to palm oil saying it is more expensive than crude oil. The 57-year-old banker…

President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban…

The so-called last mile of delivery—getting an order to the customer’s door—has long been an obsession for ecommerce companies. To make the journey as efficient as they can, some have engaged in extreme experiments.…

The Nigerian Stock Exchange has approved the listing of 20.3 billion shares belonging to MTN Nigeria. NAN reports that the shares would trade at N90 per unit from Thursday, May 16. This would make MTN Nigeria, the…

As part of its readiness to kick start Meter Asset Providers (MAP) scheme approved by the Nigerian Electricity Regulatory Commission (NERC) within the coverage area of its partner Distribution Company, Abuja Electricity Distribution…