Nigerian automaker raises $9 million despite protest against electric car in Nigeria

Kwik Delivery,Kwik secures €2 million to scale up, as Gokada, Max enter delivery market

African retail is very fragmented by nature and that is because margins are often slim, traders keep inventory levels at...

Mark Zuckerberg loses $88 billion in less than a year as Meta misses again

Business News

Facebook to award $3 million in Community Accelerator program

by Ruth Okwumbu-Imafidon

March 12, 2020

Facebook has launched its Community Accelerator Programme, with a promise to award $3 million to 80 participants in the programme.

Appointments

PZ Cussons announces CEO’s retirement, appoints new one

by Chike Olisah

March 12, 2020

The board of directors of PZ Cussons Nigeria Plc has announced the retirement of the CEO of the conglomerate and...

Business News

Field Intelligence raises $3.6 million to take advantage of pharmacy cravings in Nigeria

by Fakoyejo Olalekan

March 12, 2020

Nigerian tech-driven start-up, Field Intelligence has secured $3.6 million in a Series A funding round.

Devakumar Edwin, Executive Director Dangote Group

Business News

Dangote to commence 100,000 barrels of oil production

by Chidinma Nwagbara

March 12, 2020

Africa’s richest man, Alhaji Aliko Dangote is set to diversify his business empire by venturing into the oil sector.

FG suspends airline operations from Turkey into Nigeria, Here is reason Turkish Airlines was allowed to land in Abuja, Coronavirus: Travellers stranded as Turkish Airlines cancels all scheduled flights to Nigeria, Turkish Airlines offers to refund paid tickets of cancelled flights

Business News

Turkish Airlines reacts to Nairametrics report on cancelled flights

by Chidinma Nwagbara

March 12, 2020

Turkish Airlines has made known that affected passengers of the several cancelled flights would be refunded.

Business News

Sovereign Trust Insurance blames IT failure for delaying its 2019 financial statement

by Emmanuel Abara Benson

March 11, 2020

Sovereign Trust Insurance Plc has blamed a supposed breakdown of its IT system for delaying the publication and release of its...

$NCC, MDA, SEEPCO, local content laws, CBN Cashless Policy: Reps eye policy reversal, court Emiefele approval , Lawmakers tackle Finance Minister over failed CCTV project worth $460 million , Former Ghanaian President, Mahama begs Buhari to open border Former President of Ghana, John Mahama has appealed to President Muhammadu Buhari to open up its borders saying that Ghana has been heavily affected by Nigeria’s decision to close its borders. Mahama said that for economic activities to resume in West Africa, Nigeria needs to reconsider its decision on the total border closure. He made this plea while delivering the seventh anniversary lecture of investiture into The Realnews Hall of Fame and the unveiling of a book, titled: Pathways to Political and Economic Development of Africa. According to the former president as reported in The Nation, the closure of especially the Benin border, was taking a significant toll on many small and medium businesses, especially in Togo, Ghana and Cote D’Ivoire, which relied on inter-country trade. “I am sure that businesses in Nigeria that rely on supplies from these countries are also suffering. With the signing of the joint border task force agreement between Nigeria and her neighbours, I will like to take this opportunity to appeal to Nigeria to open up her border so that economic activities can resume,” Mahama said. While reacting to the shut down of shops owned by Nigerians by the Ghana Union of Traders’ Association (GUTA) as retaliation to the border closure, Mahama said; “Back home in Ghana, I also look forward to our government’s intervention that brings an immediate cessation to the forceful and illegal closure of shops of foreigners, especially Nigerians, by members of the local trade associations”. Mahama who is a former Chairman of the Economic Community of West Africa States (ECOWAS) spoke on how he still has an abiding interest in the progress of ECOWAS and its people. In this light, he said that Nigeria being the home of ECOWAS and the largest economy in West Africa should not allow the objective principles for establishment of ECOWAS to be lost. Meanwhile, the Vice Chancellor of Niger Delta University, Bayelsa State, Prof. Samuel Edoumiekumo, advised President Muhammadu Buhari not to yield to pressure to reopen the borders. Edoumiekumo who was also present at the lecture said President Buhari should remain firm in his resolve to ensure economic growth and the country’s development as the border closure will generate more revenue for the nation and tackle smuggling., Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry , FMBN ex-MD ordered to refund his salary, submit FMBN accounts over infractions$

Business News

FMBN’s former boss ordered to submit 5-year financial statements in 48 hours

by Fakoyejo Olalekan

March 11, 2020

The immediate past MD of FMBN, Richard Esin, has been given a 48-hour ultimatum to present the bank's five-year financial statements,...

GTBank Sponsors 2020 Lagos International Polo Tournament, Buying opportunity as GTB share price falls to 2 year low, GTBank releases 2019 full year audited results, Guaranty Trust Bank Plc to consider a holding company structure, GTBank launches Beta Health, expands access to health insurance for low-income Nigerians

Business News

GTBank Plc to consider a holding company structure

by Emmanuel Abara Benson

March 11, 2020

The CEO of Guaranty Trust Bank Plc (GTB), Segun Agbaje, has disclosed that the tier-1 bank is currently considering a...

Nigeria's tier-1 banks grow their interest earnings by 36% to N740.9 billion in Q3 2022

Business News

GTBank, Zenith, Access, FBN, UBA spend N4.7 billion on CSR in 2019

by Abiola Odutola

March 11, 2020

GTBank Plc, Zenith Bank, Access Bank, First Bank of Nigeria (FBN), and United Bank of Africa (UBA) Plc spent over...

FMDQ grants CEO Bola Onadele 1.3 billion shares worth N9.9 billion, extends awards to executives

MasteryHive to host Exclusive AI Leadership Workshop for Banking and Insurance Executives – September 24

Droomwork launches to empower African Freelance Talents to connect with local and global work opportunities With talent matching innovation

NGX Group, HEI partner with Lagos State Government to combat child malnutrition through Project BLOOM

Company News

All the latest Nigerian company news, market intelligence and analysis

Kwik Delivery is an all-season enabler of growth for Nigerian commerce

Facebook to award $3 million in Community Accelerator program

PZ Cussons announces CEO’s retirement, appoints new one

Field Intelligence raises $3.6 million to take advantage of pharmacy cravings in Nigeria

Dangote to commence 100,000 barrels of oil production

Turkish Airlines reacts to Nairametrics report on cancelled flights

Sovereign Trust Insurance blames IT failure for delaying its 2019 financial statement

FMBN’s former boss ordered to submit 5-year financial statements in 48 hours

GTBank Plc to consider a holding company structure

GTBank, Zenith, Access, FBN, UBA spend N4.7 billion on CSR in 2019

Recent News

Recent News

FCTA clears illegal occupants, traders around UTC Area in Abuja

NIMC upgrades diaspora NIN enrolment platform, directs partners to activate licences within 48 hours

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