IMF replaces Lagarde, gets new Managing Director

stock, market, stock market, Nigerian Stock Exchange

Custodian and Allied Insurance Plc, International Breweries (IB), Access Bank, Dangote Sugar and Nigerian Breweries (NB) led the gainers' chart...

Business News

Nigerian banks top list of NSE companies with highest employees

by Emmanuel Abara Benson

September 25, 2019

Out of all the companies listed on the Nigerian Stock Exchange (NSE), banks make up a significant percentage of the...

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Here’s how Nigerian businesses can reduce petrol and diesel consumption by 50%

by Fakoyejo Olalekan

September 25, 2019

Nairametrics has learnt of a new method that can help cut the cost of powering generators by 50%.

Business News

Recapitalisation: 26 firms get NAICOM’s approval

by Joseph Olaoluwa

September 25, 2019

26 insurance firms have gotten approval from the National Insurance Commission (NAICOM) to go ahead with their recapitalisation plan.

BREAKING: FG's VAT charges on online transactions to commence, firs, Illegal Tax Deduction: FIRS to refund General Electric, Arco $2 million

Business News

Illegal Tax Deduction: General Electric to refund Arco $2 million

by Joseph Olaoluwa

September 25, 2019

FIRS will refund Arco Petrochemicals Engineering Company Limited an excess of $2 million withholding tax illegally deducted from the firm.

Business News

30,000 job loss recorded in steel sector

by Chidinma Nwagbara

September 25, 2019

Reports have it that Nigeria has lost one million tons of steel manufacturing products and about 30,000 jobs between 2017...

$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$