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Business and economic news from Nigeria and around the world.

NNPC records 46% surge in trading surplus

NNPC has consolidated on its operational performance with a trading surplus of ₦17.16bn.

EFG Hermes eyeing further expansion In Nigeria

EFG Hermes was founded in 1984, and currently operates in the United Arab Emirates, Saudi Arabia, Jordan, Kuwait, Omar, and Pakistan.

Italian Court jails Nigerian, one other over Malabu oil deal

An Italian Judge has sentenced two middlemen found guilty of corruption offences relating to Shell and Eni.

Honeywell to pay shareholders N475.8 million as dividend

Honeywell Flour Mills Plc to pay dividend for 2018 financial year.

Lagos remains the state with the highest debt profile

Nigerian total debt stock stood at $73.21 billion in Q2 2018.

NEXIM Bank to raise N37 billion to boost agriculture

NEXIM Bank to advance agric export.

Resort Saving blames suspension in trading for delay in Milost deal

Resort Savings and Loans Plc has attributed the delay in Milost Global injecting funds to a technical suspension on its stock.

Mobile data in Nigeria among Africa’s cheapest

The high fee charged by MNOs on the continent makes the cost of data very expensive for most Africans.

Armed robbery attack at a Union Bank branch leaves two dead

There was an incident of armed robbery attack yesterday at a Union Bank Plc branch in Ekiti State.

Supposed reasons Nigeria Air became still born

Investor apathy may have been the reason for the suspension of the take off in Nigeria Airr. Minister of State for Transport Hadi Sirika...

Nestoil’s CEO demands FG to increase gas pipeline in Nigeria

The businessman made this demand at the 2018 International  Pipeline Technology and Security Conference.

Ekocorp Plc announces new appointment to its Board

The EKO represents the first letter of the surname of each of the 3 founders.
MTN stand at TechFest 2018

Stakeholders are displeased with MTN over constant infractions

Some stakeholders in the Nigerian Stock Exchange have expressed displeasure over MTN's constant infractions and troubles with the Nigerian authorities.

NLC again threatens government with strike

In a stakeholders meeting yesterday in Abuja, members of the Nigerian Labour Congress  (NLC) gathered at the union's National Executive Council (NEC) to address...

NCC clears the air on Teolology’s final takeover of 9mobile

$100 million debt of Teleology Holdings Limited untrue, NCC says.

A new investor may have taken up a stake in Redstar Express Plc

Redstar Express Plc may have a new investor taking up a stake in the firm.

Coca Cola set for complete acquisition of Chi, eyes Horlicks drink

Coca Cola says it is moving ahead with plans to take over Chi Ltd.

Keystone Bank has been sued over non-compliance with TSA rules

Keystone Bank has been sued for alleged violation of the TSA policy.

Nigerians react to the suspension of Nigerian Air take-off

The recent suspension of Nigerian Air t by Hadi Sirika has continued to generate various reactions from Nigerians.

Humble Pie: What Nigerian Government said about Nigeria Air Months ago

Hadi Sirika has announced that FG has suspended the launch of the proposed National carrier, Nigeria Air.

CBN responds to panic by investors over allegations levelled against MTN

The Central Bank of Nigeria (CBN) in response to foreign investors exiting the country, following allegations leveled against MTN, has denied rumors it would...

FG suspends Nigeria Air from takeoff

Nigeria Air suspended.

NNPC is under fire for attempting to sideline AKK project consortium

NNPC risk being dragged to court for meddling in the contract for the multi-billion dollar TNGP project.

Teleology may still have to wait as 9Mobile final takeover is delayed

Umar Dambatta explains why Teleology takeover of 9mobile is delayed.

40% of world’s poorest people will be Nigerians and Congolese by 2050

By 2050, about 152 million Nigerians will be extremely poor.

Wapic Insurance Plc has paid N10.6 billion claims in five years

Wapic Insurance Plc is one of the leading West African full line insurance company.

Dangote launches ‘BlocMaster’ for cement moulders

Multitude of block makers in attendance lauded the company’s innovative efforts.

Oyo State seals Obasanjo Farms over tax evasion

Oyo State has shutdown the business premises of Obasanjo Farms.

Donald Duke’s wife, Owanari, gets new board appointment

Dizengoff Nigeria has announced the appointment of Owanari Duke as the company's new Chaiarma.
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