Business

The TraderMoni scheme of the Federal Government has generated a significant amount of buzz and national conversation: from those who laud its impact, and those who view it as politically motivated. TraderMoni is one…

Nigeria’s total debt now stands at N22.43tn, data obtained from the Debt Management Office have shown. According to the DMO, the nation’s total debt as of September 30, 2018, stood at N22.43tn.As of June 30, 2015, the country’s…

The never-ending twists and turns involving beleaguered GSM operator 9Mobile have taken another turn as Teleology Holdings Limited (run by Adrian Wood) has pulled out from Teleology Nigeria (the consortium of…

Aliko Dangote is Africa’s richest man for the eighth consecutive time although his wealth dropped by $2 billion from $12.2 billion in January 2018 to $10 billion in 2019. This is according to Forbes’ Africa …

Jim Yong Kim, outgoing president of the World Bank, will join Global Infrastructure Partners (GIP), a New York-based private investment fund, as a partner and vice chairman, Reuters reports. GIP, which is led by…

No fewer than 120, 000 rice farmers in Kano State would benefit from the Federal Government’s Anchor Borrower programme for this year’s dry season farming. The state Chairman of the Rice Farmers Association of…

Amazon has eclipsed Microsoft as the world’s most valuable listed company as volatile markets reshuffle Wall Street’s pecking order. The change happened on Monday as shares in the online retail giant rose 3%,…

Alhaji Abdulsamad Rabiu is in many ways a special man. Unlike too many of his peers in the billionaires’ circle, the BUA chairman contradicts the principles and norms of ego-tripping. He parades himself as a mushroom…

The Petroleum Products Pricing Regulatory Agency (PPPRA) says the import price of petrol is now lesser than N145. In a statement released on Monday, the agency attributed the reduced prices to a drop in crude…

Federal Inland Revenue Service (FIRS) has broken Nigeria’s all-time revenue generation record, after generating N5.3 trillion in 2018. In Nigeria, FIRS highest revenue generation was previously recorded in 2012,…

In a notice sent to the London Stock Exchange (LSE), Atlas Mara, the Pan African banking vehicle set up by Bob Diamond, announced it had acquired an additional 1% stake in tier two lender, Union bank. This amounts to…

The Niger State Police Command has arrested two suspected hackers of bank accounts who specialize in using software to steal customers’ money. The suspects, whose names were given as Abdulmalik Usman and Najeeb Saidu, both…

Electricity distribution companies (DisCos) are seeking Federal Government’s interventions to make their operations and service delivery efficient, safe and profitable. Eko Electricity Distribution Company (EKEDC)…

Use your credit card to buy a taco, a beer or a taxi ride, and it’s very likely the receipt screen will solicit a tip. A few years ago, that same option arrived on airlines, to the chagrin of passengers who remember when most food…

Automated teller machines (ATM) are the most preferred form of electronic banking in Nigeria. This is according to data provided by the Nigerian Interbank Settlement System (NIBSS). Between January and…

The results are out and this year NIGERIA led the way with the maximum number of deals. As per WeeTracker’s 2018 Annual Report on Venture Investments in Africa, this West African country stood first with 136 deals…

The New Year opened on a pleasant note for the Central Bank of Nigeria (CBN) as the nation’s foreign reserves stood at $43,075,740,908 on Friday, making it the highest opening balance in the last six years.…

It was Saturday night on the 15th of December, 2018, and the hall was filled with fans of all ages. The crowd was in a state of frenzy, having been wowed by some of Nigeria’s biggest artistes of 2018. Among those who…

The Central Bank of Nigeria on Friday made its first intervention in the inter-bank sector of the Foreign Exchange market for 2019 with a sum of $210m. The CBN Director, Corporate Communications, Isaac Okorafor,…

The management of MRS Oil Nigeria Limited on Friday announced that it has changed the location of its corporate headquarters in Lagos. The new development was communicated to the Nigerian Stock Exchange (NSE) in a…

Chinese telecom giant Huawei has demoted two employees for posting a New Year greeting on the company’s official Twitter account using an iPhone made by arch-rival Apple, an internal memo showed. Huawei dislodged…

The Corporate Affairs Commission (CAC) has extended the 50% discount on business name registration till March 31. In a statement released on its Twitter page, the commission said it took the decision to deepen…

The National Bureau of Statistics (NBS) says the revenue generated from Value Added Tax (VAT) from sectoral distribution from first to third quarters of 2018 was N808 billion.VAT is a consumption tax placed on a product whenever…

The plunge in Apple Inc’s share price will cause new pain for Warren Buffett’s Berkshire Hathaway Inc, after the conglomerate suffered a big quarterly decline in its net worth that will hit its bottom line.…