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The total value of capital imported in the first three months of 2018 (Q1) stood at $6,303.63 million, which represents a 594 percent increase (year- on–year) from $908.3 million in Q1 2017, according to National Bureau of Statistics (NBS). Read more via BusinessDay : News you can trust –...

Japaul Oil and Maritime Services (JOM) Plc released its results yesterday showing total liabilities of N56.17 billion as at December 2017, exceeded total assets of N28.18 billion. This resulted in a negative shareholders fund of N28.17 billion in the period under review. Negative shareholder...

Lagos and its environs was at the weekend once again put in state of distress as queues returned to filling stations after two weeks of temporary relief from fuel scarcity. This signals another excruciating weeks for motorists. A check at various filling stations around Lagos metropolis...

At the end of week’s trading today, 40 companies appreciated in price compared to 32 companies that recorded price depreciation, while the price of 100 companies remained unchanged. Banking hall Banking stocks recorded the highest price increase as a total of seven banks emerged in the top 10...

The Federal Government has approved N497 million for the construction of the Ijegu Yala Dam in Yala Local Government Area of Cross River State. The construction of the dam, which is expected to begin this year, is primarily for water supply, erosion and flood control, as … via BusinessDay...

Technically Incorrect offers a slightly twisted take on the tech that’s taken over our lives. Michael Moritz admires the Chinese work ethic. Should he? The India Today Group No one, but no one works harder than the obsessives in Silicon Valley, right? They work on their buses. They work over...

Photo: AP Thermo Fisher Scientific is an $86 billion biotech company whose CEO is attempting to pull off his greatest feat yet: convincing his employees that their $500 bonuses are a result of the brilliant economic policies of Donald Trump. Ever since the Republicans passed their tax cut bill—a...

Nigeria, Angola and Russia are today earning more local currency from oil sale per barrel than at any point in history, even though even though crude prices are still languishing at less than half their peak level in dollar terms, set in 2008. Countries such … via BusinessDay : News you can...

Abdul Zubair , Acting Director- General, SEC The closing date for the free e-dividend registration sponsored by the Securities and Exchange Commission has again been extended to February 28. SEC in a statement said the extension became necessary to allow more shareholders participate in the...

The fast food value chain recorded an impressive performance despite the economic recession of 2016 and early 2017. The growth recorded is not unconnected with the birth of food delivery startups in major cities across the country. These startups dominate the fast food chain as more people now...

IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund focused to largest venture-capital fund focused on digital-technology start-ups in sub-Saharan Africa. IFC’s €15 million equity investment makes it an anchor investor in the Partech Africa fund which...

Vitafoam Nigeria Plc has said the four-year N2billion soft loan secured from the Bank of Industry (BOI), would reduce the burden associated with short-term borrowing and ensure appropriate business planning. The BOI’s 12 per cent annual interest capital support facility, compared with the 25 per...

On Thursday, 11th of January 2018, the National Cashew Association of Nigeria (NCAN) revealed that Nigeria has become the fourth largest producer of cashew in the world. This was made known when NCAN President, Tola Fasheru visited the Minister of State for Industry, Trade and Investment, Aisha...

via Ventures Africa – With its own set of unique circumstances, how can investors make the most of the continent’s investment lifecycle? By almost every metric, Sub-Saharan Africa has an infrastructure investment deficit. The World Bank estimates that the region has an annual shortfall of around...

Media playback is unsupported on your device Media captionSocks ‘let me be me’, says John Cronin "Pull up your socks" isn’t just a phrase to John Cronin. It’s been the key to his entrepreneurial success. Back in 2016, the 21-year-old told his dad, Mark, that he wanted them to start … via...

By Udeme Akpan THE price of crude oil has risen from $68 to $70 per barrel in the international market as a result of rising demand, thus raising hope for the implementation of the nation’s N8.6 trillion 2018 budget. Oil money A survey of the market by Vanguard showed that … via Vanguard News...

The naira Wednesday depreciated to N360.73 per dollar for the first time this week in the Investor and Exporter window, prompted by a 16 percent decrease in dollar supply. Data from the Financial Market Dealers Quote (FMDQ) showed that indicative exchange rate for the window, known as Nigerian...

CEO Patrick Doyle will leave behind quite the legacy when he departs in June. When Patrick Doyle took over as CEO of Domino’s Pizza in 2010, the massive pizza chain was basically in shambles. Eight years later, Doyle is stepping down after presiding over one of the most … via Recode – All...

Virgin Atlantic Airways has expressed optimism about continuing its business with Nigeria and also has plans for the country in the future. The Airline which has conveyed Nigerians to London in the past sixteen years said it is grateful to Nigeria for its support and as … via BusinessDay ...

The Nigerian Stock Exchange (NSE) on Friday ended bullish as all-share index (ASI) moved up by 0.01% to close at 27,577.52 points, while market capitalisation increased by N9,473,035,112,281.45. Highlight of today's trading: ASI: 27,577.52 DEALS: 2,843.00 VOLUME: 272,847,130.00 VALUE...