Airtel to acquire additional spectrum for $70 million 

Airtel to acquire additional spectrum for $70 million 

Airtel Africa Plc has disclosed its intentions to acquire an additional 10 MHz spectrum in the 900 MHZ band in Nigeria.
May & Baker's margins improve despite revenue contraction

May & Baker’s margins improve despite revenue contraction

MAY & BAKER reported a decline in its top-line of 9.57% to NGN5.92 billion (vs. NGN6.54 billion in 9M:2018).
babatunde fajemirokun

AIICO 9M 2019: Growth in net profit hits five-year high  

AIICO's gross premium earned advanced by 37.13% YoY to NGN35.56 billion, driven by the extensive distribution network of the firm.
UK financial institution to put $5 billion to work in Nigeria, others 

UK financial institution to put $5 billion to work in Nigeria, others 

CDC Group is set to invest $5 billion in Nigeria and other African countries in a bid to create an impact in line with the UN SDGs.
EIB to use $1.1 billion to finance female entrepreneurs in Nigeria and other African countries   

EIB to finance female entrepreneurs in Nigeria, other African countries with $1.1 billion   

EIB has created a lending initiative called, 'SheInvest', to assist women entrepreneurs in Nigeria and across Africa.
Senate shatters its three-years' record as it set date to pass 2020 Budget 

Senate to pass 2020 budget on November 28, breaks eleven-year jinx

The Nigerian Senate has concluded on the time the 2020 Budget will be passed, as all the committees are through with their defence sessions.
NSE lifts suspension on Conoil's shares, v

CONOIL consolidates success despite industry worries 

CONOIL’s topline expansion surged further in Q3:2019; 9M:2019 revenue printed at NGN112.72 billion.
Seplat commences $700 million gas plant construction, Vitol Energy transfers 4.63 million shares to Seplat , Seplat, Three more companies announce their closed period ahead of Q3 financial result , Seplat’s 9 months revenue dips by 11.5% according to latest earnings report, Earnings quality undermined by missed output, oil shocks

Earnings quality undermined by missed output, oil shocks

For the third time this year, SEPLAT has missed its production and revenue targets. 9M:2019 topline was down by 12.57% Y-o-Y to NGN151.88bn.
NNPC explains why kerosene price is not stable, NNPC, Why NNPC may sack depot managers in downstream sector , NNPC boss blames failure of refineries on negligence, says there are no excuses , No fuel scarcity during festive period - NNPC , NNPC advances commitment to meet domestic gas demands, NNPC to pay BCE $22.6 million over failed contract , Pipeline vandalism: NNPC GMD invited for questioning 

NNPC to pay BCE $22.6 million over failed contract 

NNPC has been ordered by the Supreme Court to pay BCE Consulting the sum of $22.6 million as damages over a failed Consultancy Service Contract. 
Africa Development Bank. AfDB develops Index to aid women empowerment , African Development Bank awards $1.1 million to boost food production in Africa , AFDB increases capital to $208 billion in bid to secure Africa’s future , African Investment Forum: AfDB eye $67 billion deals 

African Investment Forum: AfDB eye $67 billion deals 

Deals worth $67 billion would be sealed at the African Investment Forum, according to Dr Akinwumi Adesina, the President, AfDB. 
Huawei to rival Android with new operating system amidst US ban, Huawei, Huawei staff members to get $286 million cash reward, here’s why 

Huawei staff members to get $286 million cash reward, here’s why 

Huawei Technologies has announced that it will reward its employees with 2 billion yuan ($286 million).
CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  

Implications of the new CBN stance on treasury bill sale to individuals

CBN has directed banks and other financial institutions to stop selling treasury bills to individuals and small firms with effect from November 29th.
Cash and carry: OLX Group becomes largest shareholder in Cars45's parent company, FCG 

OLX Group becomes largest shareholder in Cars45’s parent company, FCG

Berlin-based startup, Frontier Car Group (FCG) has secured $400 million from OLX Group.
JR Kanu, Design Institute, Lagos, REACH Technologies, BHH Podcast, Piggybank, Piggyvest, Business Half hour

BHH Podcast: Keys to running a successful business

On this episode of the BHH Podcast, Bukola and Taiwo had Ayuli Jemide Lead Partner Detail Solicitor discuss Keys to running a successful business
2020 Budget: 3,300 roads may not be completed - Senator 

2020 Budget: 3,300 roads may not be completed – Senator 

The Federal Government may be unable to rehabilitate certain roads across the nation due to paucity of funds. 
FG closes border to protect economic interests – Customs , Nigeria Customs service records N1.002trn revenue in 9 months , Nigeria’s decision to ban petrol delivery to border petrol stations is taking its toll , Border closure retaliation: Nigerian goods get dumped by West African countries 

Nigeria Customs service records N1.002trn revenue in 9 months 

About N1.002 trillion was generated between January and September 2019 by the Nigeria Customs Service (NCS).
female entrepreneurs, Palladium, Here are skills you need to be a successful entrepreneur

Here are skills you need to be a successful entrepreneur

“Skills make you rich, not theories.” It takes more than vision, planning and branding to become a successful entrepreneur.
Dangote Group goes to Togo, sets up fertiliser and cement factories, Dangote cement to leverage on Togolese market to boost revenue

Dangote cement to leverage on Togolese market to boost revenue

Dangote Industries Limited has signed an agreement with the Government of Togo to produce fertilizer and build a cement factory in the country. 
Otedola again explores his philanthropic prowess, Nigerians are freaked out as Femi Otedola donates N5 billion to charity 

Nigerians are freaked out as Femi Otedola donates N5 billion to charity 

Nigerians are freaked out as Femi Otedola donates N5 billion to charity 
Here are the things Nairametrics discovered at the Lagos International Trade Fair

Here are the things Nairametrics discovered at the Lagos International Trade Fair 

The Lagos International Trade Fair is more than just an avenue to exhibit products; it is an awesome experience.
Nestle Quick take: Growth slows in Q3 as profit misses estimates

Nestle : On track for solid 2019 despite emerging concerns

Nestle Nigeria (Nestle) reported Revenue growth of 4.0% y/y to N211.3 billion for 9M 2019 from N203.1 billion.
MTN Nigeria, MTN gives update on USSD charge controversy, MTN’s never-ending $2 billion tax case has a new court date 

Operating performance still strong: Buy rating reiterated   

MTN Nigeria sustained growth in earnings in Q3 as the telco firm reported double-digit growth in Revenue.
TCN ready to waive Discos' N270 billion debt, TCN want Discos to recapitalise, Discos investment in power sector, National Union of Electricity Employees, Gencos want Discos’ job as it seeks to sell electricity directly to customers , Nigeria, Canada to ink new $2.3b power deal 

Nigeria witness power cut as system collapse hit transmission stations

Nigeria’s Power Distribution Companies (DisCos) have announced system collapse across all transmission stations. This was disclosed in a statement issued by both Eko Electricity...
Nigeria Customs Service shuts 272 car marts over smuggled car sales , Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty , January 2020 is no terminal date; Borders will remain shut after then - Customs , FG bans fuel supply to border petrol stations, order threatens businesses, jobs, Ban on fuel distribution to border filling station begins to affect network providers , Nigeria Customs Service wants FG to impose this tax on petrol importers 

Economy: Still on the border closure

Col. Hameed Ali has ordered that petroleum products should no longer be supplied to filling stations within 20 kilometres to all Nigerian borders.
border closure, Border closure might collapse economies of African countries - Trade expert, Bamidele Ayemibo

Border closure might collapse economies of African countries – Trade expert, Bamidele Ayemibo

Bamidele Ayemibo, a trade finance expert, has thrown more light on why Nigerians need to support Buhari’s decision to close Nigeria’s borders.
2019 Nigerian budget, President Buhari proposes sweeping changes to tax laws in 2019 Finance Bill

Buhari proposes sweeping changes to tax laws in 2019 Finance Bill

President Muhammadu Buhari has proposed sweeping changes to Nigeria's tax system.  
World billionaires’ wealth drop by $388 billion in 2018

World billionaires’ wealth drop by $388 billion in 2018

Wealth of world’s billionaires dropped by $388 billion in 2018 when it decreased to $8.5 trillion across industries, except technology.
Dangote expresses confidence of making 30 billion revenue , Dangote condemns low input of manufacturing sector to economy , Dangote Group goes to Togo, sets up fertiliser and cement factories

Dangote Group goes to Togo, sets up fertiliser and cement factories

Nigeria’s Dangote Group is set to explore Togo’s significant phosphate reserves.
Sanwo-Olu presents N1.1 trillion 2020 budget

Sanwo-Olu presents N1.1 trillion 2020 budget

Lagos Governor, Babajide Sanwo-Olu has presented a total budget size of N1.168trillion for 2020 to the House of Assembly. The budget is tagged “awakening...
To protect margins, Nigeria’s top brewers are set to increase prices 

To protect margins, Nigeria’s top brewers are set to increase prices 

Nigeria’s top brewers are considering increasing the prices of their products in a bid to survive.