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N1.04 trillion Fine: Why we disagree with MTN — FIRS

MTN Nigeria has said it took the Federal Inland Revenue Service, FIRS, before the tax tribunal to seek clarification over its right to deduct...

3,000 SMEs to benefit from Fidelity Bank’s Funding Connect initiative

Fidelity Bank Plc on Tuesday said over 3,000 Small and Medium Enterprises (SMEs) would be participating in its SME Funding Connect initiative aimed at...

NSE: MTN Nigeria records 10% growth in 2nd trading day

MTN Nigeria Communications Plc for the second trading day appreciated by 10 per cent due to high demand for the equity on the Nigerian...

Zimbabwe inflation hits 59.39%

Zimbabwe inflation hits 59.39% Zimbabwe’s inflation rose to a new 10-year high of 59.39 per cent year-on-year in February from 56.9 per cent in January,...

Diamond Bank splashes N5.4bn on customers in 10 years

Determined to promote the savings culture in Nigeria, Diamond Bank Plc said it rewarded 15,000 customers with over N5.4 billion in the past 10...

Airbus to scrap production of A380 superjumbo

Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for...

NSE records first loss in February

Trading on the nation’s bourse swayed southward on Wednesday to record its first depreciation in February, shedding 0.15 per cent. The News Agency of Nigeria...

Naira loses marginally against dollar at parallel market

The naira on Thursday lost marginally against the dollar at the parallel market in Lagos, exchanging at N361 to the dollar. The News Agency of...

CBN injects $210m into foreign exchange market

The Central Bank of Nigeria, CBN, says it has injected 210 million dollars into the various segments of the market to sustain its intervention...

Nissan to recall 150,000 more vehicles 

Nissan Motor Company says 150,000 more vehicles in Japan, will be recalled due to improper final inspections before they were shipped from two Japanese...

Buhari committed to deepening Nigerian content in oil and gas industry — Kachikwu

Ibe Kachikwu, Minister of State for Petroleum Resources on Tuesday said that the Federal Government was committed to deepen Nigerian content in oil and...

IMF puts global debt at $180trn

The International Monetary Fund, IMF, has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries against what it termed...

Union Bank records half year N11.7 bn profit before tax

Union Bank of Nigeria Plc on Wednesday reported N11.7 billion profit before tax for the half year ended June 30. The bank stated this in...

Nigeria’s inflation rate falls to 11.23% in June – NBS

Nigeria’s inflation figure fell to 11.23 per cent (year-on-year) in June 2018, according to National Bureau of Statistics, NBS.

Ecobank gets new managing director

The Board of Directors of Ecobank Transnational Incorporated, ETI, has announced the appointment of Patrick Akinwuntan as the Managing Director & Regional Executive-designate of Ecobank Nigeria, subject to applicable regulatory approvals. Prior to this appointment,...

Chinese firm to invest $300m in Nigeria’s housing scheme

Steven Kim, Director, One Belt and One Road, Financial Operation Office, China, says Chinese government through his organisation will invest 300 million dollars in...

CBN injects $210m into foreign exchange market

The Central Bank of Nigeria, CBN, has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests...

Oil prices getting higher, hit $80

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and...

Nigerian gov’t, states, LGs share N462bn

A total of N462.359 billion has been distributed as Federal Allocation for the month of May, 2017 to the federal government, state governments and...

Air Peace boosts operation with 13th aircraft

A Nigerian carrier, Air Peace, has given its expansion project a push with the arrival in Lagos of one of its newly acquired aircraft. The...

Nigerian foreign reserves fall to $30.49 billion

By Ibrahim Sulaiman Nigeria’s foreign exchange reserves have fallen to $30.49 billion as of May 25. Data released by the Central Bank of Nigeria, CBN, showed...

CBN injects $482.6m to straighten naira

The Central Bank of Nigeria, CBN, on Tuesday intervened in the inter-bank market to the tune of 482.6 million dollars in the first trading...

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