Business News

CDCFIB says shortlisting has not started, warns applicants to beware of fraudsters

Lagos State Govt reassures residents over flash floods, says infrastructure in place to manage flooding

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

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Business News

Business and economic news from Nigeria and around the world.

NAFDAC storms Aba market, seizes counterfeit beverages

by Chidinma Nwagbara

@NafdacAgency, Abia State Command recently stormed the popular Eziukwu Market, also known as Cemetery Market in Aba, Abia state to...

CBN, Key lending rate, CBN to boost creative industry with N22 billion , CBN increases LDR to 65%, sets December deadline, External reserves drop by $3.2 billion in Q3’19 , Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion

Emefiele Accuses Nigerian Banks of Spreading Falsehood

by Nairametrics

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has accused the commercial banks operating in the country...

Get Ready: $1= N285 Official Rate Could Be Coming Soon

This is when I will devalue the naira – Emefiele

by Research Team

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has listed the conditions under that could warrant the devaluation...

capital importation, Business, tax incentive, Nigeria

Lagos and Abuja remain top destinations for Foreign Investment in Nigeria

by Bamidele Samuel Adesoji

The latest capital importation data released by the National Bureau Statistics (NBS) revealed that Lagos and Abuja are Nigeria's biggest...

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

The Nigerian Stock Exchange continues the week on a bearish note

by Adaobi Nnadiukwu

The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in negative territory. The All Share Index closed at 29,395.14 basis points, down...

Conoil Plc, NSE, Conoil Plc's shares, NSE suspends shares from trading shares, Conoil Plc declares dividend payment for FY 2019, announces AGM soon

Conoil Plc, 10 other firms suspended from trading shares

by Damilare Famuyiwa

The Nigerian Stock Exchange (NSE), has suspended Conoil Plc alongside 10 other firms from trading their shares on The Exchange.

Xenophobia, MTN Nigeria’s shares drop on NSE following attack on its centres in Nigeria

MTN Nigeria replicates last week’s performance with a fall

by Fakoyejo Olalekan

After closing the stock market on a positive note on Monday, @MTNNG retraces steps back to last week's performance, recording...

Dangote, Jim Ovia drum support as KPMG launches first digital centre

by Chidinma Nwagbara

Multinational professional services firm, KPMG, has unveiled its first and foremost Digital centre in Lagos, Nigeria, in which Aliko Dangote,...

Safaricom replaces Bob Collymore with Michael Joseph, Safaricom appoint

Demise of Safaricom’s CEO ushers in a blast from the past

by Fakoyejo Olalekan

The death of Safaricom's Bob Collymore made the position of Chief Executive Officer vacant on Monday, but the telecommunications company...

Maggi Signature, Nestle Nigeria revenue climb 5% as profit hit N26.2 billion, Nestle Nigeria's Unaudited Financial Statements, Nestlé S. A. acquires additional shares in Nestlé Nigeria worth N2.92 billion, Switzerland based Nestlé S.A splashes N774 million to acquire shares of its Nigerian Subsidiary

Is Nestle Nigeria’s recently-launched seasoning brand even necessary?

by Emmanuel Abara Benson