Business News

Lagos orders hotels, night clubs, event centres to get approval from LASTMA, LASPA

FG endorses Arewa International Film Festival, pledges support to build production infrastructure

"Japa"

US immigration warns migrants in America to update new home addresses within 10 days of moving

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Business News

Business and economic news from Nigeria and around the world.

Market Views

Inflation: Headline Inflation sustains uptrend

by CSL Stockbrokers

Based on the data released by the National Bureau of Statistics, Headline inflation in Nigeria rose by 15bps to 12.13%...

Ikeja Electric customers to pay more as IE increases tariff by 50% , Ikeja Electric tops with 10.7% approved meter allocation - NERC

What you need to know about proposed tariff review by DisCos

by Fakoyejo Olalekan

The eleven Distribution Companies in Nigeria have requested to increase their tariff to reflect the operating costs, as NERC stated...

US gives Buhari condition for Nigeria’s travel ban review

by Chidinma Nwagbara

The United States Government has given the Nigerian government conditions that could likely necessitate the review of its travel ban.

United Capital, a Treasure in the Mire, United Capital Plc announces close period ahead of Q3 2019 results, United Capital Plc announces dividend payment for the financial year ended December 2019 , United Capital: The good and the bad

United Capital Plc announces dividend payment for the financial year ended December 2019

by Emmanuel Abara Benson

United Capital Plc has joined the list of companies which recently announced dividends for the 2019 financial year.

Appointments

DMO appoints new Government Stockbroker

by Chike Olisah

The DMO has announced the appointment of City Stockbrokers Limited (CSL), a member of the FCMB Group Plc, as the...

Nigerian Stock Exchange, Nigerian Stocks, Daily market summary, NSE, Bourse bows to bears as ASI dip 0.55% on Friday, NSE: Bears dominant reign continues as ASI shed 4.91% on Tuesday, Bearish trend persists at Nigerian Stock Exchange, as investors lose N456 billion, Bears return, Nigeria’s local bourse drops 0.12%, Bears return Nigeria's ASI index down 3.12% Investors lose N370 billion, Bulls lift Nigerian bourse up 0.10%, as trading volume picks up, BUACEMENT, CADBURY, WAPCO Bring the Bears to Party, Investors Lose N198.05 Billion

Bears sustain reign in stock market, as investors lose N12.2 billion on Tuesday

by Samuel Oyekanmi

The Nigerian Stock Market continued its bearish trend with a 0.08% decline in the market performance.

HSBC to sack 35,000 workers in restructuring exercise

HSBC to reduce staff strength by 35,000, restructures operations

by Chidinma Nwagbara

Hongkong and Shanghai Banking Corporation (HSBC) has decided to cut 35,000 jobs worldwide over the next three years.

Carbon supports Techpreneurs in Africa with $100,000 fund initiative

by Abiola Odutola

Carbon has introduced a $100,000 Pan-African fund, to reduce the lack of funding holding back budding tech entrepreneurs on the...

Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry

by Emmanuel Abara Benson

February 18, 2020

Many Nigerians have taken to Twitter to express their displeasure over news that members of the House of Rep have chosen foreign cars over local carmakers like Innoson.