Business News

Lagos Govt seals Lekki residential property for discharging untreated wastewater, septic tank spills

"Japa"

Nigeria records over 22,000 asylum applications to the UK in 15 years

EFCC targets cross-border money laundering, warns BDC operators against illegal cash movements

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Business News

Business and economic news from Nigeria and around the world.

Appointments

Hyundai appoints new Vice President of Africa, Middle East

by Chidinma Nwagbara

Hyundai Motor Company has announced the appointment of Bang Sun Jeong as the new Vice President of the Middle East and Africa region.

Appointments

Ecobank appoints new directors

by Chidinma Nwagbara

Ecobank Transnational Incorporated (ETI) has announced the appointment of Dr Georges Agyekum Nana Donkor and Mrs Zanele Monnakgotla as its...

Recession, 2020 revised budget, spending inefficiencies, and a looming debt hole , President Muhammadu Buhari, loans, Oil price, FG, Solar vehicles, P&ID firm, Nigeria's GDP, Debt Servicing: Nigeria pays $1.12 billion to World Bank, others in 10-month , How the latest Fitch report affects you in 2020 , Nigeria’s credit rating faces downgrade by Fitch, Nigeria’s fiscal crisis looms, oil hits $32, S&P downgrades Nigeria to junk rating, as India cuts interest rates

Nigeria’s fiscal crisis looms, oil hits $32

by Olumide Adesina

With oil prices falling amid concerns over a price war between Russia and Saudi Arabia, and the coronavirus outbreak obliterating...

Gov. Sanwo-Olu offers N2 billion relief fund for victims of explosion

by Abiola Odutola

Governor Babajide Sanwo-Olu of Lagos has disclosed that the state has set up a N2 billion relief fund for victims...

Covid-19: Ghana restricts flights into country but Nigeria ignores measure

by Fakoyejo Olalekan

A few days after Ghana recorded its first coronavirus case, the Ghanaian government has restricted flights from countries with high...

These Nigerian businesses are being affected by COVID-19

by Segun Olarinmoye

The outbreak of coronavirus, which has now spread to more than 100 locations worldwide, has continued to cause fear and...

COVID-19, PwC admits 8 Nigerians, 16 others as partners across Africa

GTBank, Access, 2 others pay PWC, KPMG N3.17 billion as audit fees in 2019

by Abiola Odutola

Data from four of the Tier 1 banks in Nigeria revealed that PwC and KPMG earned N3.17 billion as audit...

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

CBN considers interest rate cut as trade, economy decline over Coronavirus

by Fakoyejo Olalekan

With coronavirus affecting prices of goods, the governor of the CBN, Godwin Emefiele says the CBN is contemplating reducing interest rate.

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

NNPC explains cause of Sunday’s deadly explosion in FESTAC area of Lagos

by Emmanuel Abara Benson

The Nigerian National Petroleum Corporation said Sunday's deadly explosion in FESTAC, Lagos, was caused by gas leakage.

FG directs the suspension of NIMC staff involved in extortion of NIN applicants, SIM. Social media accounts monitoring, FG completes 11 projects to drive Digital Economy, FG orders NIPOST to stop cash transactions , Pantami moves to ban automatic voicemail service by telcos , Why Nigeria’s Data woes may not end soon , Pantami reacts to CBN’s ATM fee cut, keeps mute on directive to cut data cost , Pantami condemns FIRS move to collect stamp duty, MTN, Airtel, others disregarding Pantami’s voicemail, data directives on all front , FG warns State governments against RoW charge increase, FG reiterates commitment towards implementing broadband strategy ,FG reiterates commitment to 75% broadband penetration in 5 years , Pantami tasks Youth on developing creative and entrepreneurial digital skills