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Business

Illegal charges 2015: banks refund N6.2bn —CBN

The Central Bank of Nigeria (CBN), said it compelled Deposit Money Banks (DMBs), to refund N6.2 billion to customers they…

Computer association wants financial assistance for local manufacturers of accessories

The Computer and Allied Products Dealers Association of Nigeria (CAPDAN), Lagos State Branch, on Saturday called for government’s financial support…
MTN ‘Extremely Sorry’ Over Network Outage

MTN Group reports drop in income, blames it on under-performance in Nigeria

MTN Group has said that its decreased financial results for the year ended Dec. 31, 2015 was as a result…

PENCOM to extend coverage to Informal Sector

The National Pension Commision (PENCOM) on Friday gave the assurance that it was ready to cover the outstanding 60 per…
Mahama

Ghanaian manufacturers vote restrictions on Nigerian export products

Funsho Balogun While Nigeria continues to grapple with the effects of the fast-dwindling value of the Naira, the country’s economic…

Lagos-Kano rail to generate 250,000 jobs – Amaechi

The Minister of Transportation, Rotimi Amaechi, said on Friday that the Lagos-Kano Rail project would be completed in the next…

Astymin Promo winners say their lives have changed

Astymin is not only delivering positively on the health and well-being of Nigerians through its essential amino-acid and multivitamins, it…

Pregnant woman dies aboard an Arik Air flight

A 39-year old pregnant woman was on Friday confirmed dead on board an Arik Air flight from Port Harcourt to…

FG to clear N20bn pension arrears

Mrs Chinelo Anohu-Amazu, the Director-General, National Pension Commission (PenCom), on Friday said the Federal Government would soon clear about N20…

Visa holds Fraud Prevention Workshop in West Africa

Visa Inc., a global payments technology company, has organized its first ever fraud prevention workshop dedicated to its West Africa-based…

MTN shares crash by 13%

Shares in MTN Group have slumped more than 13 per cent, the company said on Friday in Johannesburg. In a…

Job creation: Chinese ‎firm employs 500 in Edo

Jethro Ibileke/Benin In a bid to improve employment generation in Edo state, a ceramics factory operated by a Chinese firm,…

Buhari to participate heads to Egypt for Africa Business Forum

President Muhammadu Buhari will depart Abuja on Friday for Sharm El-Sheikh, Egypt, to participate in the Business for Africa, Egypt…

How Lagos LGs hamper our businesses – OPS

Kazeem Ugbodaga Captains of industry and members of the Organised Private Sector, OPS, have cried out over multiple levies being…

Table water producers clamp down on illegal water producers

Jeff Ezemadu The Association of Table Water Producers of Nigeria (ATWAP) has embarked on the closure of illegal water producing…

Internet transforming business transactions in Nigeria

With sub-US$50 smartphones on the way, rapid improvements to telecom infrastructure, and the availability of affordable cloud applications, the mobile…

NUPENG slams DPR over fuel scarcity in Rivers

Okafor Ofiebor/Port Harcourt The National Union of Petroleum and Natural Gas Workers, NUPENG, Port Harcourt zone, has slammed the Department…

Woman found dead at MMIA toilet

rt An unidentified middle-aged female passenger was on Wednesday morning found dead at one of the toilets of the Murtala…

Helicopter incident: Bristow seeks external audit of its operations

Bristow Helicopters Limited on Wednesday said it would welcome an industry-led external audit of its operations in Nigeria following the…
Market Capitalisation

Nigerian stocks crash amid naira concerns

Nigerian stocks fell almost two per cent on Wednesday, hit by a major decline in cement companies’ shares, including Dangote…

Motorists decry resurgence of fuel scarcity in Port Harcourt

Okafor Ofiebor/Port Harcourt Indications are emerging that residents of Port Harcourt, the Rivers State capital may soon experience another round…

Interswitch applauds First Bank over N100m monthly transactions

Funsho Arogundade Interswitch Transnational, Africa’s leading integrated payment and transaction processing company, has officially recognized First Bank Nigeria plc as…

Ndidi Okereke, others illegally acquire NSE property

Akin Kuponiyi The suit instituted by The Nigeria Stock Exchange (NSE) against its former Director General Nididi Okereke Onyiuke and…

LCC to complete access road to ease traffic at Ikate

Lekki Concession Company Limited (LCC), concessionaire of the Eti-Osa Lekki-Epe Expressway has concluded a stakeholder engagement with the residents of…

N8.8m Scam: EFCC hands over forfeited property to Skye Bank

The Economic and Financial Crimes Commission (EFCC) on Tuesday February 16, 2016 handed over a forfeited asset of an uncompleted…

NAFDAC seals industry over suspected unwholesome fish products

The National Agency for Food and Drug Administration Control (NAFDAC) has sealed Haano Industries Ltd., Lagos, over illegal revalidation of…

Shell investigates oil spill at Forcados terminal

Okafor Ofiebor/Port Harcourt The Shell Petroleum Development Company of Nigeria Ltd (SPDC) is investigating the source of a crude oil…

Nigeria working to improve business environment, Osinabjo tells UK MPs

The Federal Government has directed the Ministry of Trade and Investment to raise the ease of doing business to attract…

Travellers lament high charges for using trolleys at airports

Air travellers in Nigeria are lamenting the high cost of using some facilities at the nation’s airports, describing payment for…

30 ships laden with petroleum products, food items, to arrive Lagos

Thirty ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports…
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