Business News
Business and economic news from Nigeria and around the world.
President Buhari nominates Mustapha, six others for NDIC positions
President Buhari has, on Wednesday, forwarded the names of Chief Olabode Mustapha as chairman of NDIC.
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AFC grants Waltersmith Refinery $35 million debt facility
AFC has signed a $35 million debt facility agreement with Waltersmith Refining and Petrochemical Company Limited.
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Senate approves N348 billion to clear oil subsidy claims
The Nigerian Senate has approved over N348bn outstanding petroleum subsidy claims.
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FRAUD: FG uncovers N62.555 billion unaccounted for in NSITF
An investigation into the financial state of NSITF has uncovered about N62.555 billion fraud in the agency.
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ABC survey shows US companies contributed over N111 billion to Nigeria in 2017
A survey conducted by the ABC in collaboration with Accenture, KPMG, and PwC show the overall economic impact of US...
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ETI appoints Patrick Akinwuntan MD-Designate Ecobank Nigeria
Ecobank Transnational Incorporated (ETI) has announced the appointment of Patrick Akinwuntan as Managing Director (MD) Designate Ecobank Nigeria, subject to...
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DEAL: EFG Hermes acquires Primera Africa
EFG Hermes has entered into a definitive SPA to acquire 100% of Primera Africa.
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Universal Music Group to launch “strategic division” in Nigeria, signs Tekno, Mr Eazi
Universal Music Group has announced that it will be launching a Nigerian division as part of its expansion efforts.
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Godsmart Nigeria Limited takes up 16.7% stake in NAHCO Plc
Nigerian Aviation Handling Company (NAHCO) Aviance sent a notice to the Nigerian Stock Exchange (NSE) today, informing it and the investing...
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Buhari seeks Senate approval for N228 billion supplementary budget
President Buhari has sent a 2018 supplementary budget proposal to the Senate.
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