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EFCC operatives raid Majesty Estate, Port Harcourt, arrest 37 suspected fraudsters

NAFDAC seizes over N1.5 billion worth of fake and expired products in Lagos crackdown

"Japa"

Uzbekistan’s hike of minimum salary for foreign workers takes effect

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Business News

Business and economic news from Nigeria and around the world.

Currency outside banks drop to N788.9billion in January 2023

CBN discloses ongoing plans to create housing funds for developers

by Emmanuel Abara Benson

April 15, 2020

The modalities of the funding option are still being figured out, as the CBN work with deposit money banks to...

Diaspora

Global fight against COVID-19 suffers setback, as Trump suspends WHO funding

by Chike Olisah

April 15, 2020

The United States (US) President, Donald Trump, has announced the temporary suspension of funding for the World Health Organization (WHO)

Ecobank, Nigerian Stock Exchange, Beta Glass, Forte Oil, Transcorp lead gainers chart on Wednesday, Law Union, AIICO, Honeywell top gainers’ chart on Wednesday, Investors lose N9.14 billion to bearish trades on Wednesday , Dangote, Cadbury, Flourmills regains bullish momentum run at Nigeria’s Stock Market, AIRTEL, NESTLE, NB lead the Bulls a home win, Investors party with N106.3 Billion

GTBank, STANBIC, NB push up Nigerian bourse, Investors gain N258.80 billion

by Olumide Adesina

The Nigerian bourse resumed the first trading session of the week in the green, as the All Share Index improved...

Logistics in Nigeria: Keeping the soul of e-Commerce operational during COVID-19 pandemic

Logistics in Nigeria: Keeping soul of e-Commerce operational during COVID-19 pandemic

by NM Partners

Shifting consumer behavior to online trade channels and digital platforms can promote the growth of Nigeria’s e-commerce industry.

Renault to commence only electric cars production for China as petrol car sales drop

Renault eyes electric cars for China, as demand for petrol cars drops

by Chidinma Nwagbara

French automaker, Groupe Renault has decided to produce only electric vehicles for its Chinese consumers. This

NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

Conditional cash transfer: FG gives reason for disengagement of 2 service providers

by Chike Olisah

FG has directed the termination of contracts with 2 PSP over delays in the implementation of the conditional cash transfer...

Slack founder takes a swipe at Microsoft, says Teams is not a threat

Microsoft is not a competitive threat to us – Slack CEO

by Fakoyejo Olalekan

The founder of Slack, Stewart Butterfield, has taken a swipe at Microsoft after Slack gained 2 million users in about two...

Tech Weekly RoundUp, coronavirus, Week 8, wole

TechRoundUp Season 2 Episode 13

by Op-Ed Contributor

This week, we hosted a Virtual Fintech Roundtable and part of our discussion on the impact of COVID-19 on business...

IMF, fuel prices, IMF, GDP, electricity tariffs

Recession: Nigerian economy to slide by 3.4% in 2020 – IMF

by Chike Olisah

The International Monetary Fund (IMF) has projected that Nigeria is heading to a recession, its worst recession in three decades,...

Seplat, stakeholders call for collaboration on Customer Protection Act, Court sanctions Seplat’s acquisition of Eland Oil and Gas , Seplat Petroleum Plc profits up $270 million, cost of production stands at $6 per barrel, Seplat Petroleum announces board meeting and closed period for Q1, 2020 unaudited financial result

Seplat Petroleum announces closed period for Q1 unaudited financial result

by Olumide Adesina