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Business

Jan 05, 2020
Up to N2.2 trillion was spent by Nigeria on imports from China between April and September 2019, the National Bureau of Statistics (NBS) has confirmed. According to the data gleaned from the…
Jan 04, 2020
A U.S. air strike Friday which killed key Iranian and Iraqi military personnel has raised concerns that escalating Middle East tensions may disrupt oil supplies. The immediate effect saw Brent…
Asian shares slipped on Friday, erasing early gains, while gold shone and oil prices spiked after U.S. airstrikes in Iraq killed a top Iranian commander, heightening geopolitical tensions. Iranian Maj.-Gen.…
Jan 04, 2020
Isabel dos Santos, Africa's richest woman and the daughter of former Angolan President Jose Eduardo dos Santos, said her businesses in Angola are set to fail after a court froze…
Jan 04, 2020
Nigerian industrialist, Aliko Dangote, became $4.3 billion richer in 2019. Bloomberg reports that Mr Dangote's fortune continued to grow following investments in cement, flour and sugar. Mr Dangote, widely reputed as…
Jan 03, 2020
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per cent compared to ₦8.59 billion surplus posted in…
Dec 31, 2019
Chinese telecommunications giant Huawei Technologies flagged record profits for 2019 on Tuesday, despite a tumultuous year that has seen the U.S. and its allies blacklist the firm. “Despite concerted efforts…
Dec 30, 2019
Global music superstar Akon, has urged Africans in the Diaspora to invest their talent and resources in Africa to help rebuild the continent. The “Year of Return’’ has witness many Africans living in…
Dec 29, 2019
The cost of doing business in the country has been projected to rise significantly in 2020. The Lagos Chamber of Commerce and Industry (LCCI) gave the forecast in the LCCI 2019 Economic…
Dec 29, 2019
Africa’s richest man Aliko Dangote said he lost N25 billion($68.6million) to the Apapa ports-Oshodi gridlock from 2017 to the 2019 financial year. He spoke on Saturday evening as he and…
Dec 28, 2019
Nigeria’s largest company by market capitalisation, Dangote Cement PLC, has announced its plan to repurchase up to 10% of its issued share capital. The decision is subject to shareholders approval…
Dec 28, 2019
Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world’s no. 1 economy even before the hoped-for end…
Dec 26, 2019
The Nigerian Content Development and Monitoring Board (NCDMB), says it will partner Waltersmith Petroleum Ltd. to construct a modular refinery in Brass Island in Bayelsa. The Executive Secretary of the…
Dec 23, 2019
Nine people died and more than 100 were hospitalised after drinking local liquor made from coconut sap in two separate incidents in the Philippines, police said Monday. Eight people died…
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