Business News

Nigerian man extradited to U.S. over multimillion-dollar hacking and fraud scheme

Company News

Disney’s ESPN to acquire NFL Network, RedZone

"Japa"

Germany expands Schengen visa access with new centres in Nigeria, Cameroon, and Cyprus

Home Category Business News

Business News

Business and economic news from Nigeria and around the world.

Africa’s energy transition will cost an estimated $100 billion annually between 2020 and 2040 – AfDB

AfDB debars two Nigerian firms from foreign bank-financed projects

Two Nigerian companies have been debarred, following accusation of fraudulent practices arising from a joint bid for an AfDB-financed project.

Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Top 10 states in Nigeria with the highest Internet subscribers , Telecommunications: The bright spot in a fragile economy, Telcos add 5.64 million voice and data subscribers in Q3 2019 - NBS , Alleged N200bn Debt: EFCC, DSS to probe telcos, Network glitch, as poor internet speed continues to impede banking services, Telecoms record 725% increase in foreign capital investment, as GDP contribution hits N6 trillion, Coronavirus: Instant messaging platforms, Telcos raking in funds from the work-from-home policy, Telecoms: Bright spot amidst the gloom, Nigerians lambast MTN, Airtel for offering free SMS, ignoring request for free data, airtime

Telecoms record 725% increase in foreign capital investment in 2019

The National Bureau of Statistics (NBS) has disclosed that foreign capital investment in the telecommunications industry rose by 725% in 2019.

FG approves reopening of NYSC camps, extends tenure of PTF on COVID-19, FG commences process of resumption of international flight operations in weeks, COVID-19: Reactions trail FG travel ban on 13 countries, FG inaugurates 16 members to PENCOM board

COVID-19: Reactions trail FG’s travel ban on 13 countries

by Chike Olisah

Nigerians have reacted to FG's travel ban on 13 countries which have been tagged, ‘high-risk countries’ from entry into the...

Coronavirus: Ogun State bans cinemas, night clubs, restaurants, other businesses from operating, COVID 19: Ogun State launches digital classes for students

Coronavirus: Ogun State bans cinemas, night clubs, restaurants, others for 30 days

Ogun State Government has banned cinemas, and other businesses that involve large gathering in the state, after the new confirmed...

Nigerian Stock Exchange, NSE: Return of the Bulls, Bulls reign at the bourse as stocks gain N460.69 billion on Wednesday, Okomu, UACN, Ekocorp top gainers list on Friday, Stock Market closed the week bullish as ASI grew 0.94% , Investors gain N41.94 billion on Tuesday as Bulls make rebound, NSE: Bearish trade costa investors N12.2 billion on Tuesday, NEM, Mansard, First Bank lead gaining stocks as ASI grew 0.61%, Nigerian bourse breathes a sigh of relief, index up 0.17%, Bulls charged Nigerian bourse, ASI Index up 1.09% investors gain N128.49 billion, Bulls stage comeback has ASI up 0.19%, investors gain N21.86 billion, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls dominate Nigerian bourse investors gain N162 billion

Bulls charge Nigerian bourse, investors gain N128.49 billion

by Olumide Adesina

The Nigerian bourse reversed previous day loss as the All Share Index rose by 1.09% on Wednesday to settle at 29,352.13.

Bourse, NSE in 2019, events & outlook, Foreign portfolio transactions drop by N280 billion as foreign investors remain net sellers of Nigerian equities , 2020 Nigerian Equities Outlook: Breaking the Jinx?, Equities: Foreign investors remain net sellers for second consecutive year , Investors part with N152.1 billion as bearish trade extends, Stocks close February in deep red as investment options dry up for Nigerians, Economy: Domestic investors hold sway in January

Market Views

Economy: Domestic investors hold sway in January

by CSL Stockbrokers

The NSE data on domestic and foreign investor participation for January revealed that activity level in the stock market was...

ARM Holding transfers subsidiary to Tangerine Life

by Abiola Odutola

ARM Holding Company limited has transfered its stake in ARM Life to Tangerine Life Limited.

External reserves, CBN to hold MPC meeting next week, Demand for credit by household increases in Q2 2020 - CBN, CBN grants licenses to 3 Payment Service Banks, Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations, Milk Import: Experts advise CBN on FX restriction , CBN automates trading system, introduces electronic form to facilitate exports , CBN campaigns for Made-in-Nigeria products , CBN recent macroeconomic policies, others lead to a higher Fitch rating; from negative IDR to a stable ‘B’ rating, AGSMEIS: CBN expand beneficiaries to 14,638.

Politics

CBN offers N1.1 trillion intervention fund to support real, health sectors

by Abiola Odutola

March 18, 2020

Central Bank of Nigeria has disclosed that the apex bank would support critical sectors of the economy with N1.1 trillion...

Plentywaka records 100,000 rides as it compete with Danfo, OBus, Plentywaka raises $300,000, seeks partners as it launches operations in Abuja

Plentywaka records milestone, hits 100,000 rides in 6 months

March 18, 2020

Co-Founder of Plentywaka, Johnny Enagwolor, has revealed that the startup has hit a milestone after completing 100,000 journeys.

Amid Coronavirus spread, Facebook to offer SMEs $100 million funding