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Business

Feb 11, 2020
The Adamawa/Taraba Command of the Nigerian Customs Services (NCS) has impounded a trailer load of 256 50kg bags of contraband rice, each bag hidden in bigger bags packed with beans.…
Feb 10, 2020
The Nigerian National Petroleum Corporation (NNPC) has said it experienced a 94% increase in pipeline vandalism cases in November 2019, compared to the figure posted the month before.   The…
Feb 09, 2020
The total assets under the Contributory Pension Scheme rose to N10.22tn as of the end of December 2019, the National Pension Commission, has stated. According to the commission, a total…
Feb 09, 2020
Most of the petroleum stations in Badagry communities have closed as the National Union of Petroleum and Natural Gas Workers of Nigeria (NUPENG) suspended distribution of fuel to the city.…
Feb 08, 2020
Money lender Carbon, formerly operating as Paylater, has built its service App in a bid to extend its offering to waiting iOS users. This development is coming on the heels of…
Feb 07, 2020
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that defused a bruising trade war…
Feb 03, 2020
British independent oil and gas firm, Savannah Petroleum PLC, has announced that Accugas, its recently acquired asset, has entered into a new Interruptible Gas Sales Agreement (IGSA) with First Independent…
Feb 02, 2020
The Nigerian bourse recorded its worst trading week so far in 2020 this week as profit-taking cost the market a staggering N405 billion in five days.   There bear maintained…
Feb 02, 2020
Hyundai Motor, South Korea’s largest automaker, suspended the domestic production of its flagship sport utility vehicle, Palisade SUV this weekend as a result of a supply disruption caused by the…
Feb 02, 2020
A legal battle between Old Mutual, the South African-based pan-African investment, savings and insurance group, and its chief executive officer Peter Moyo has dominated news headlines in the country for…
Jan 31, 2020
The Senate on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on Turn-Around Maintenance of refineries in the country between 2013…
Jan 30, 2020
Nigeria lost $408.28 million (about N148.002 billion) in capital flight arising from plunge in Foreign Direct Investment (FDI) between June and September 2019 owing to insecurity in the land. This translates…
Jan 30, 2020
Boeing reported on Wednesday its first annual loss since 1997 , as the company continues to grapple with the fallout of the 737 Max crisis. Boeing also lost $1.01 billion…
Jan 29, 2020
The Abuja Chamber of Commerce and Industry (ACCI) has called for urgent attitudinal change within the country’s regulatory bodies to enhance Ease of Doing Business (EoDB) framework. Prince Adetokunbo Kayode,…
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