Business News
Business and economic news from Nigeria and around the world.
Dangote Refinery begins installation of a major refinery equipment
The Fluid Catalytic Cracking equipment for Dangote Oil Refinery Company Limited has arrived Lagos and ready for installation.
Read moreDetails
NCC steps into 9mobile’s ongoing tussle
NCC has intervened in the current crisis at 9mobile.
Read moreDetails
Shutdown threat as Deli Foods allegedly plan to sack 300 workers
Negotiations between the labour unions and the management of Deli Foods have come to an end.
Read moreDetailsBuhari slashes ministers’ overseas trips, approves business class flight
The federal government has slashed the number and duration of trips made abroad by ministers and other categories...
Read moreDetails
FG to increase VAT rate to 7.2%
FEC has approved an increase in VAT rate from 5% to 7.2%. The Minister of Finance, Zainab Ahmed made this...
Read moreDetails
First Bank MD’s thoughts on the Access/Diamond Merger
Managing Director/CEO of First Bank of Nigeria Adesola Adeduntan sees the merger plans between Access Bank and Diamond Bank Plc...
Read moreDetails
VFD Group’s capital raise oversubscribed
VFD Group has raised the sum of N2.78 billion has from a rights issue and private placement exercise. The company disclosed...
Read moreDetails
Seplat tops losers chart as bulls maintain hold
The Nigerian Stock Exchange ended today’s trading session in the green, as the All Share Index closed at 29,830.70 basis points, up...
Read moreDetails
Foreign Airlines’ ticket sales rise by 21% in 2018
2018 was a swell year for foreign airline operators in Nigeria. as ticket sales rose by 21% to $1.7 billion...
Read moreDetails
NEXIM, SMEDAN sign pact to boost exports
The Nigerian Export-Import Bank (NEXIM) has concluded a pact with Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). NEXIM disclosed...
Read moreDetails
