Business News

Nigeria First policy: Manufacturers demand yearly local content targets in govt. procurements

Rivers revokes N134 billion secretariat contract, demands refund of N20 Billion

"Japa"

US sets $1,000 parole fee under new immigration rule

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Business News

Business and economic news from Nigeria and around the world.

IGI cuts 60 jobs, as MD seeks turnaround measures

IGI assures stakeholders of brighter future amidst challenges

by Abiola Odutola

October 22, 2019

The board and management of IGI have assured the shareholders and workers of the firm that they would stabilize the...

Budget

Senate rejects Niger Delta ministry’s N23 billion budget

by Abiola Odutola

The Senate has rejected the capital budget of the Ministry of Niger Delta worth N23 billion in the year 2020...

Nigerian Stock Exchange, sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms, Steroids from GTBANK, ZENITH Lift Nigerian bourse, as investors gain N94.2 billion , Steroids from GTBANK, ZENITH Lift Nigerian bourse, as investors gain N94.2 billion

Omoluabi Plc, Fidelity, Transcorp lead most traded stocks on Monday

by Inimfon Asifa

Monday’s trading session ended in negative territory as the All-Share Index closed at 26,390.08 basis points, down by 0.22%.

Raghunath Mandava, Airtel Africa, Airtel to pay shareholders that hold shares on the NSE dividend at N386/$1

Airtel partners with Ecobank to offer loan and other services to Airtel users

by Fakoyejo Olalekan

Airtel Africa, will soon be able to request for loan from Ecobank after the network provider and the lender reached...

Cross River State eyes AFREXIM’s $500 million funds

by Joseph Olaoluwa

Cross River State has sought a partnership with the African Export-Import Bank (AFREXIM) in order to access $500 million Manufacturers...

FG providing platforms where businesses can thrive - Lai Mohammed, COVID-19: FG inducts committee for creative industry palliatives, LICENSE, FG reiterates commitment to implement reform of broadcasting code , Economy: FG restates commitment to border closure, FG releases new broadcast media regulation to affect DStv’s monopoly , Digital Switch Over (DSO) in broadcasting will transit to a private-sector-driven enterprise - Lai Mohammed, FG needs to explore nation’s tourism as a panacea for unemployment

Politics

FG reiterates commitment to implement reform of broadcasting code

by Chidinma Nwagbara

Lai Mohammed has moved for the review and implementation of the recommendations on reforming the Nigerian broadcasting code.

CBN releases new guidelines for OFIs, orders inclusion of NUBAN code or face sanctions

CBN intervenes with $8.28 billion to defend Naira

by Bamidele Samuel Adesoji

The CBN injected a cumulative sum of $8.28 billion to further sustain relative stability in the Foreign Exchange (FX) market.

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

Adesina leads the charge to lend to women-focused businesses

by Joseph Olaoluwa

The President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, has called for the need to lend to women...

Here’s why Glo users will no longer be able to call Airtel lines again

by Fakoyejo Olalekan

Over 29 million Glo users in Nigeria will no longer be able to contact Airtel Nigeria lines following a ban from the Nigerian Communications...

Border Closure: IMF lauds Nigeria's move to curb illegal trade , IMF Links the #EndSARS protests to economic difficulties

Nigeria’s border closure hurting Benin, Niger economies – IMF

by Chidinma Nwagbara