Business News

With 2019 drawing to a close, we decided to review the Federal Government’s revenue performance in 2019.

NUPENG threatens to embark on strike, Chevron Nigeria Limited, Nigeria Union of Petroleum and Natural Gas Workers, Nigerian National Petroleum Corporation, Petroleum and Natural Gas Senior Staff Association of Nigeria, NUPENG and PENGASSAN, Chevron concludes gas sale deal with GenCo, one other , Chevron considers divesting from Nigeria, to focus on U.S Shale Oil, Chevron crisis continues as NUPENG issues new threat, Chevron bows to pressure, set to recall workers

PENGASSAN shuts Chevron’s premises over failure to pay workers entitlements

by Chidinma Nwagbara

PENGASSAN has shut down the headquarters of Chevron Nigeria Limited (CNL) following its failure to pay its workers' entitlements.

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

Telcos add 5.64 million voice and data subscribers in Q3 2019 – NBS

by Titobioluwa Okunade

The number of active voice subscribers increased by 5.15 million to 179.17 million in the third quarter of 2019 from...

Appointments

Boeing appoints Calhoun, Kellner as new President, Chairman

by Chidinma Nwagbara

The Board of Directors of Boeing has made major leadership changes in the company.

e-Learning Platform, Africa Development Bank. AfDB develops Index to aid women empowerment , African Development Bank awards $1.1 million to boost food production in Africa , AFDB increases capital to $208 billion in bid to secure Africa’s future , African Investment Forum: AfDB eye $67 billion deals , ECOWAS backs Adewunmi Adesina’s re-election as AfDB election nears , AfDB bows to pressure from U.S., orders an independent probe of Akinwumi Adesina, Fitch rating agency affirms AfDB's AAA rating with stable outlook, Digital Nigeria e-Learning Platform registers 16,000 users in 24 hours - African Development Bank

ECOWAS backs Adewunmi Adesina’s re-election as AfDB’s President

AfDB President, Akinwumi Adesina, has received a boost to his candidacy after ECOWAS pulled its weight behind his desire to...

Nigeria’s IHS Towers acquires Brazil’s Cell Site Solutions from Goldman Sachs

by Emmanuel Abara Benson

IHS Holdings Limited announced yesterday that it had signed an agreement to acquire Cell Site Solutions, otherwise known as CSS. The...

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

CBN issues banks new guidelines, fines over customers’ complaint

The Central Bank of Nigeria (CBN) has issued a warning to banks regarding customer complaints. The CBN, in a recent guideline,...

11 Plc formerly Mobil, Meristem, 11 Plc to boost revenue with acquisition of Lagos Continental Hotel

11 Plc to boost revenue with Lagos Continental Hotel’s acquisition

Oil firm, 11 Plc, formerly known as Mobil Oil Nigeria Plc, has increased its real estate portfolio as it finalised talks...

FBN Holdings Plc, First Bank, FirstBank ‘VYBES’ Nigerians all through December, First Bank donates additional N1 billion to facilitate fight against COVID-19, FBNH: Growth in Non-Interest Income, reduced Impairment Charge support profit growth

Win a trip to Dubai, get cash back for transaction with your FirstBank Cards

by Abiola Odutola

December 23, 2019

It is raining promos with your FirstBank Cards this season. The Bank recently announced its Verve Card Reactivation Promo to...

DBillions, UAE firm seal luxury property deal amidst Lagos’ affordable housing problem

UAE firm partners DBillions to address housing shortages in Lagos