Business News

Oando Plc sells 49% voting rights of Oando Gas and Power to Helios Investment for $115.8 million.

Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, said it had increased its stake in Union Bank of Nigeria to...

Minister of Budget and National Planning, Senator Udo Udoma, has sent warning signals to Nigerians to brace up for tough times ahead because of the...

Federal Government is set to inject funds to upgrade airports nationwide.

Presco Plc is committed to its investment efforts which are aimed at boosting profitability and ensuring increased returns to their stakeholders. The oil palm production...

Minister of State for Industry, Trade and Investment, Aisha Abubakar this week revealed that 145 textile companies had gone moribund between 1980 and this...

The era of multiple ID registration may be over as the Nigerian Identity Management Commission (NIMC) has been mandated to harmonize all ID databases...

Ethiopian Airlines has announced that it has stopped further negotiations with Nigeria Government  through Asset Management Corporation of Nigeria to manage Arik Air. The Government...

The Nigeria National Petroleum Corporation, NNPC, is optimistic that its local refineries can cover 20 per cent of domestic product needs...

What do foreign investors really think of the Nigerian economy, and the Naira Situation? In a recent interview, this is what the director of capital...

The controversial suspension of two directors of Stanbic IBTC by the Financial Reporting Council (FRCN) took another turn yesterday as the Federal High Court...

Shoreline Group, a Nigerian owned upstream oil producer is reported to be planning to sack about 700 of its employees. The company led by business...

Here is Diamond Bank press release in the Nigerian Stock Exchange. Diamond Bank Plc (“Diamond Bank” or the “Bank”) notified The Exchange that Kunoch Holdings...

Arik Air resumed operations yesterday morning, just hours after it announced suspension of its flights due to delays in finalizing its insurance approval.

Nairametrics| The ban on import of tomato paste and increase in tariff for tomato concentrate has started yielding positive benefit as Erisco foods has...

Here is our weekly roundup of top real estate stories as curated by our research team. This compilation is updated weekly.  ...

Automaker Volkswagen has set a target of 2000 cars a year for its Rwandan factory. The company's head of South African operations Tom Schaefer...

According to Thisday, Ernest Ndukwe has just joined the board od Access Bank Plc as a Non-Executive Director. Ernest Ndukwe if you recall was...

GSK Nigeria Plc released its 2016 result for the nine months ended 30 September 2016 ; See below     GlaxoSmithKline Nigeria Plc2016 Quarter Three Results GSK Nigeria  Plc 2016...

Perhaps in response to the controversy that arose from the nomination of Abdulrahman Dikko as the Director General of the National Pension Commission (PENCOM),...

Crude oil prices have declined, currently trading below $80 per barrel.

Edmark Group has ventured into real estate in an attempt to further diversify its operations and provide business opportunities for Nigerians.

Mohammed Barkindo is likely to be chosen as the next Secretary-General of the Organization of Petroleum Exporting Countries (OPEC). Barkindo was Group Managing Director (GMD)...

Necessity really is the mother of invention

Integrated Oil & Gas Ltd. a privately owned indigenous company, which deals in the provision of refined petroluem products, plans to build a 20,000...

Debtors in the Nigerian financial space may have to tighten their belts soon, as the Central Bank of Nigeria (CBN) has concluded plans to...

Nairametrics| At a press briefing held in Lagos, newly established member of the Stanbic IBTC Group, stated it intentions to become one of the...

Dangote Cement Plc Release 2016 Third Quarter Earnings ; See below   Dangote Cement Plc Q3 Results Dangote Cement Plc 2016 Q3 2015 Q3 %age Change N'm N'm Revenue          442,092          365,450 21% Pre-tax profits 148,716          166,914 -11% Profit...

The business educational development of Northern Nigeria took a new turn at the weekend when the renowned businessman, Aliko DANGOTE donated a N1.2 billion...

A team  of London business delegation is currently visiting Lagos State. A major concern of their visit is the Lagos Rail...