businessday

The major hurdle to an upcoming initial public offering (IPO) of MTN Group’s Nigerian unit has been crossed, BusinessDay can disclose. After three different Emergency General Meetings (EGM), the latest of which was held on Thursday, the group got the nod of various categories Read more via...

World football governing body FIFA said on Friday it has ended its involvement in Brazil forward Neymar’s dispute with his former club FC Barcelona. The dispute was over an outstanding bonus payment of 43 million euros (37.88 million pounds). A spokesperson for … read more via BusinessDay ...

Innoson Kiara Academy has commenced training of 200 Niger Delta youths in automobile fitting to meet the needs of the country’s labour market. The exercise was flagged off at the factory auditorium Nnewi, Anambra State on Friday with an induction Read more via BusinessDay –...

Lagos State Governor, Akinwunmi Ambode, has flagged off the electronic tax payment campaign of the state which will allow residents and citizens of Lagos State to pay their taxes directly to the coffers of the State Government. Read more via BusinessDay – http://ift.tt/2okuHCi Get more...

Air Peace has restated the airline’s commitment to link all Nigerian cities by air under its No-city-left-behind programme is irrevocable with the launch of Lagos-Abuja-Yola, Abuja-Yola-Abuja services. Chairman of the airline, Allen Onyema who made the pledge Thursday at Yola Airport said...

The World Bank, on Thursday approved $486 Million international Development Association (IDA) Credit fund for the improvement of the Nigeria Electricity Transmission Network and infrastructure. According to World Bank, the investments under the Nigeria Electricity Transmission Project will...

Dangote Cement Plc, owned by Africa’s richest man, has revived plans for a share sale in London that could raise about $1 billion, according to people familiar with the matter. The Nigerian company, controlled by Aliko Dangote, has approached investment bankers to discuss a Read more via...

Former President of the Nigerian-British Chamber of Commerce (NBCC), Dapo Adelegan, says acceptance of payment in Nigerian currency by the British Government will enhance trade and technology transfer between both countries. Adelegan made the assertion in an interview with the News Agency of...

On the average, Nigerians bought a liter of Premium Motor Spirit (Petrol) for N190.9 in January, indicating that they paid N19 extra for the product as against what it sold the previous month. The National Bureau of Statistics (NBS) said that the average price Read more via BusinessDay ...

Central Bank of Nigeria (CBN) has proposed a two year jail term for any erring authorised foreign exchange dealers/buyers who fail to render returns to the apex bank in line with extant laws regulating foreign exchange market. Read more via BusinessDay – http://ift.tt/2Bxc8TB Get more...

February 10, 2018 11:00 am Motorists may have to brace up for multiple taxes, if President Muhammadu Buhari finally gives assent to the National Roads Fund Bill, which has already been passed by the Senate and House of Representatives. … Read more via BusinessDay : News you can trust –...

Dana Air Wednesday debunked falsehood alleging that the door of one of its aircraft fell off after landing, while taxing in Abuja. Some online publications and twits had posted reports that the door of one of the airline’s aircraft fell off, but the airline Read more via BusinessDay –...

President Muhammadu Buhari Monday in Abuja signed Executive Order 5 to improve local content in public procurement with science, engineering and technology components. Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, made this known in a statement in Abuja on...

Seplat Petroleum Development Company Plc has listed an additional 25,000,000 ordinary shares (approximately 4.4percent of existing shares) on the Nigerian Stock Exchange (NSE). This listing made in accordance with Rule 14 of the Nigerian Stock Exchange Amended Listing Rules and Article 17 – 19...

The inability of the Nigerian National Petroleum Corporation (NNPC) to operate as a fully integrated oil company is taking a toll on its revenue as it recorded mounting losses largely from its downstream operations at a time oil prices have risen to a three-year high. via BusinessDay ...

Cameroonian troops crossed into Nigeria in pursuit of separatist rebels, a Nigerian state defense spokesman and a former community leader said on Wednesday. Cameroon has been fighting Anglophone separatists who have taken up arms over the past year in an attempt to create a nation which they...

by Bill Okonedo | February 1, 2018 9:48 am The Borno State Emergency Management Agency (SEMA) said five people were killed in the suicide bomb attack at Dalori Internally Displaced Persons (IDPs) camp, Maiduguri on Wednesday. SEMA also confirmed that 39 others sustained various degrees of …...

Crude oil price gained more momentum on the news that OPEC and non-OPEC oil producers planned to extend their cooperation indefinitely. In addition, weak dollar and a record streak of declines in American spare supplies of crude are helping to propel the oil prices. J via BusinessDay –...

Deficit in A-grade real estate compared to similar urbanising environments, coupled with a volatile and on-diversified economy that relies much on crude oil have been fingered for the low investment in Real Estate Investment Trusts (REITs) in Nigeria. An additional factor responsible for this...

President Muhammadu Buhari said on Thursday he does not know if he will seek re-election in 2019 and the decision is personal and also for Nigerians. Buhari, 75, was speaking in a radio interview. He was elected in 2015 but spent much of 2017 in Britain being treated for an undisclosed ailment...