Business News

UK commits £19 million to climate-resilient health and education facilities in Nigeria

September 9, 2025

Livespot360 CEO Deola Art Alade joins Grammy Recording Academy’s 2025 member class

September 9, 2025

Nigeria, other African countries lose $12.7 billion annually to disaster-related infrastructure damage

September 8, 2025

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Business News

Business and economic news from Nigeria and around the world.

Treasury Market T-bills, African Finance Corp. issues $750 million 7-year Eurobond at lowest yield to date

T-bill Yields Trend Higher as Offshore Selloff Persists

by Zedcrest Capital

This is the summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics...

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

Over 600 masts at the risk of being demolished by NCC.

by Joseph Olaoluwa

Telecom masts numbering 693 have been marked for demolition by the Nigerian Communications Commission (@NgComCommission). Over 400 of the masts...

Ecobank, Ayo Adepoju's appointment, Ecobank Transnational Inc. records 24% increase in Profit After Tax for Q4 2020.

Ecobank drags client to court over N25 billion unpaid ‘debt’

by Joseph Olaoluwa

@ecobank_nigeria has filed legal action against its client, Rahamaniyya Oil and Gas over a N25.9 billion debt allegation. The bank...

Akotex Nigeria’s Henrich Akomolafe’s Journey to Forbes Africa

by Damilare Famuyiwa

Akotex Nigeria's co-founder, Henrich Akomolafe is among the business leaders Forbes Africa listed on its #30Under30 business category 2019.

PenCom, unremitted pensions, Lagos State Pension Commission, LASPEC, Pension Fund Assets, PFAs make N1.69 trillion ROI

Pension Fund Assets hits N9.3 trillion as investment in FGN securities drops

by Bamidele Samuel Adesoji

The latest report released by the National Pension Commission (PenCom) shows that Nigeria's Pension Fund assets in June 2019 hit...

Coca Cola HBC, Coca Cola HBC financial result, Coca Cola HBC first half result, Coca Cola franchiseNigerian Bottling Company Coca Cola NBC, Nairametrics, Eco-friendly bottles, climate change

Nigerian consumers dispel Coca Cola’s fears as growth hits $3.76 billion

by Fakoyejo Olalekan

Coca Cola HBC has released its earnings for the first half of 2019, reporting a growth of 3.8%. The growth...

new, NAICOM, National Insurance Commission, Insurance

Appointments

FG appoints new NAICOM acting commissioner

by Joseph Olaoluwa

A new acting insurance commissioner of the @NaicomNG, has been appointed by the Federal Government. His name is Sunday Thomas....

First Bank Adesola Adeduntan, Global transactions get easier with Firstbank’s Card Offerings, FBNQuest Trustees Marks 40th Anniversary of preserving legacies in Nigeria, Ellah Lakes Plc announces close period for H1 2019 results The Board of Directors of Ellah Lakes Plc has announced that the company would be meeting on the 22nd October 2019 to consider, among other matters, the audited financial statements of the Company for the financial year ended 31 July, 2019. The Company also announced the commencement of a closed period with effect from 7 October 2019, until 24 hours after the Company’s Audited Financial Statements is filed with The Exchange. Top executives, directors, advisers, and many others at Ellah Lakes Plc have been barred from trading in the company’s shares ahead of the meeting of board of directors of Ellah Lakes. This was disclosed in a notification which was sent to the Nigerian Stock Exchange (NSE). https://www.nse.com.ng/Financial_NewsDocs/27720_ELLAH_LAKES_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf The announcement is in line with rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015) which states that, “The period of closure shall be effective from fifteen (15) days prior to the date of any meeting of the Board of Directors proposed to be held to consider any of the matters referred to above or the date of circulation of agenda papers pertaining to any of the matters referred to above, whichever is earlier, up to twenty-four hours after the price-sensitive information is submitted to the Exchange. The trading window shall thereafter be opened. Every issuer shall notify the Exchange in advance of the commencement of each closed period.” Why this matters: The close period will allow the board to consider the company’s unaudited financial statements for the third quarter. Other company issues will also be discussed during the meeting of the Board of Directors. What is a close period? A close period is a period before the release of a company’s result or financial statement when of course, those with sensitive information are not allowed to trade on the stock. These individuals may include company directors, audit committee members, persons discharging managerial responsibility, employees and consultants with sensitive information. About the company: Ellah Lakes Plc is a fish farming company., FBN processed 237 million transactions in two weeks, amid COVID-19 lockdown, First Bank Holdings declares a Profit after Tax of N26 billion in Q1 2020

Reinventing First Bank through creativity and innovation

by NM Partners

For a financial institution of @FirstBankngr’s pedigree, it is not uncommon for its top managers to be creative and constantly...

Apple, Apple seeks to obtain about $22.7 million USD from GEEP. The firm claimed some of its employees were responsible for the theft in its third-party suit

$1 million up for grabs for anyone who can hack an iPhone

by Chidinma Nwagbara

Apple has a reward of $1 million for anyone who can successfully hack an iPhone or a Mac device.

Oando appoints Dr. Ainojie Alex Irune as new Executive Director

Oando Plc gets a new Executive Director

by Damilare Famuyiwa