CATEGORY: BUSINESS NEWS

Nigeria remains in recession as nation records 5th consecutive negative quarterly GDP

The National Bureau of Statistics has revealed that Nigeria recorded a 2017 first quarter GDP growth rate of -0.52%....


Average lending rate in Nigeria hit 30%pa, first time in 16 years

Data from the Central Bank of Nigeria reveal average lending rate from commercial banks in the country has now...


National Assembly investigates abuse of pioneer status

Deloitte: The House of Representatives, in exercise of its powers under the Nigerian Constitution, has set up an ad-hoc...



Full Excerpt of the Executive Order on Ease of Doing Business

The Acting President of Nigeria, Professor Yemi Osinbajo on Thursday signed three executive orders which is expected to significantly change...



In secret, corporates come clean about their outlook for the economy

The recently concluded Renaissance Capital Annual Pan-African Conference aptly titled Stability is Returning, provided us with a unique insight...


Here is a bucket list of why local rice is now more expensive than foreign rice

One of the biggest policy thrust of the Buhari Administration is its push for the development of the agricultural...


Breakdown of N41 billion spent on “Social Investment Programmes”

The Buhari administration has so are spent about N41 billion on its various aspects of its four Social Investment Programmes...


Billions made as Nigerian stock market post best week since Buhari won election

The Nigerian All Share Index capped the week ended May 12 with one of the best runs we have...


Why Sigma-Riverbank Is Upgrading Keystone’s Branches

Nairametrics|Sigma-Riverbank consortium which recently acquired Keystone Bank has embarked on an upgrade of the bank’s branches. Here’s the banks...


Why AG Leventis had a difficult 2016

Nairametrics|One of the oldest conglomerates in the country, AG Leventis recently released its results for the financial year ended...


What payment sytems Nigerians used the most in 2016

Nairametrics| Mobile, Internet and POS transactions in Nigeria remained on a growth path in 2016 despite the recession and...


Google explains why it has no plans to lay Fibre cables in Nigeria

Nairametrics| The country manager for Google, Juliet Ehimuan-Chiazor has waded into the challenges with the ease of doing business in...


FX Window for Investors: Traders confirm it’s working but share two main concerns

Nairametrics| In a bid to placate and lure foreign investors, the CBN introduced a window for investors and exporters...


Analysis: Lafarge Africa’s proposed N140 billion in rights issue

Nairametrics| Cement producer Lafarge Africa plans to raise equity through a rights issue later this year. The company says it...


Chinese firm wins $949m gas pipeline project from the NNPC

Nairametrics| The China National Petroleum Corporation Engineering Co., Ltd reports that it has won a Natural Gas pipeline project in...


Update on 82 Chibok girls released May 6 2017

The Nigerian Government announced late Saturday that it had secured the release of 82 captured Chibok girls after lengthy...


Nigeria Customs misses revenue target for the third straight year. 

Nairametrics| The Nigerian Customs reported a total collection of N720.7 billion for the fiscal year ended December 2016. This...


NNPC wants to raise $16.5b for these projects. 

The Group Managing Director of NNPC, Dr Maikanti Baru has disclosed that it will be shopping for about $16.5...


A few reasons why the latest PMI numbers should excite you

Nairametrics| The Central Bank of Nigeria has released its Purchasers Managers Index (PMI) for April 2017. According to data from...