Business

Feb 24, 2020
Dr Zainab Ahmed, Nigerian Minister of Finance, Budget and National Planning, says the Federal Government will further introduce incentives to boost investments in the nation’s capital market. Ahmed gave the…
Feb 24, 2020
Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production…
Feb 24, 2020
Coronavirus outbreak is causing havoc in the crude oil market. Prices tumbled more than 2% on Monday, with investors worried about a hit to demand as the virus spreads rapidly…
Feb 24, 2020
Economic growth is driven by a number of factors. These include foreign direct investment, national savings, household spending, fiscal and monetary policies. Since the late 1980s African governments have fully…
Feb 20, 2020
The Kano State Fire Service says 11 temporary shops and two permanent ones in a one-storey building have been destroyed by an early morning fire at Singer Market on Ado…
Feb 20, 2020
The future does not belong to oil despite the fact that 90 per cent of Nigeria’s foreign exchange and 86 per cent of its total export earnings derive from oil.…
Feb 19, 2020
Profit-taking in heavyweight bank stocks sustained the current downturn in the stock market today, causing as much as N13 billion depreciation in the total value of stocks on the exchange.…
Feb 19, 2020
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Melee Kyari, said on Tuesday Nigeria lost about $750 million to oil theft in 2019.   Kyari, who disclosed…
Feb 18, 2020
In a move to conserve Nigeria’s ample natural gas resources, the Federal Government on Monday announced it had pruned the number of 800 investors, interested in commercialising flared gas in…
Feb 18, 2020
SportPesa has terminated its sponsorship with Formula One team Racing Point. In a statement released in Nairobi on Monday, the betting firm indicated the decision was made ''in line with…
Feb 17, 2020
Farming and Agribusiness are back in vogue! Something is definitely up there when of all the choices available to him, famous actor and political aspirant John Dumelo opts to be…
Feb 15, 2020
A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal.…
Feb 15, 2020
The Lagos State Internal Revenue Service (LIRS) on Friday announced that it had shut 16 companies in the state over alleged failure to remit about N126.19m consumption tax. The organization’s…
Feb 12, 2020
In a new twist to its imposition of Forex restriction on milk importation into the country, the Central Bank of Nigeria (CBN) Tuesday gave six companies the nod to import…
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