nigeria business news

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    Business 9 Nigerian banks spend N23 billion on travel expenses in 2021 - Nairametrics
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    Business Shareholders express concern over TTB’s majority stake acquisition in Union Bank - Nairametrics
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    Metro WAEC Withholds SSCE Results Of 215,149 Candidates – The Nation News
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    Business Coronavirus: Nigerian Traders In China Town Lament Decline In Sales – Sahara Reporters Read more via Sahara Reporters – Get more: Nigeria Business News
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    Business Coronavirus: Nigerian Stock Exchange loses N308bn – Newtelegraph Read more via Newtelegraph – Get more: Nigeria Business News
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    Business Nigeria increases Sovereign Wealth Fund capital by $250m – Newtelegraph Read more via Newtelegraph – Get more: Nigeria Business News
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    Business What Air Peace is doing for Nigeria — Obiano – Vanguard News Read more via Vanguard News – Get more: Nigeria Business News
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    Business Ibadan electricity consumers reject tariff increase – Vanguard News Read more via Vanguard News – Get more: Nigeria Business News
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    Business Nigerian stocks down by 2.21% as fear of coronavirus in Lagos grips investors – Pulse Nigeria News Read more via Pulse Nigeria News – Get more: Nigeria Business News
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    Business Nigeria sliding into bankruptcy – PDP – Newtelegraph

    The Peoples Democratic Party (PDP) said Nigeria is sliding into bankruptcy, blaming it on multiple taxation imposed on the people by the All Progressives Congress (APC)-led Federal Government. PDP National Chairman, Prince Uche Secondus, who addressed the..... Read more via Newtelegraph –...
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    Business Insecurity: Telco loses 282 base stations to bombings – Newtelegraph

    One of the leading telecommunications services providers in the country, Airtel Nigeria, has recounted its losses to the insurgency in the North-East region. According to the telco, 282 of its base stations in the region have been bombed, resulting in huge revenue loss and poor quality of...
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    Business Subscribers spent N2.9trn on airtime in 2019 – Newtelegraph

    Telecommunications subscribers across the four mobile networks in Nigeria spent an estimated N2.9 trillion on airtime throughout last year, New Telegraph has learnt. This amount covered what was spent on voice, text message and data services from the mobile network operators (MNOs).... Read...
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    Business Senate considers stiffer penalties as Nigeria loses N271 billion to gas flaring – The Guardian Nigeria News

    The Senate is considering stiffer penalties for individuals and corporate entities engaged gas flaring in with effect from January 1, 2021.The Gas Flaring (Prohibition and Punishment) Bill, 2020, which was sponsored by Senator Albert Bassey Akpan (Akwa-Ibom North East), scaled second reading...
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    Business Everything To Know About Trading Stocks In Nigeria – Nigerian Entertainment Today

    Organized financial markets have existed for over a century. To date, the market for financial instruments with varying maturities is represented by trading stocks, debt instruments, commodity contracts and currency. The process of reforming capital markets, including money markets, continues...
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    Business Border closure hits Dangote, export moved to Congo – P.M. News

    Dangote Cement exports from Nigeria to neighbouring countries fell 41% in 2019 when Nigeria’s government closed the land borders. The development has made the dominant cement company in Africa move its exports to Congo Republic, producing from plants … Read more via P.M. News –...
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    Business Nigeria’s communications regulator sued over warrantless access to ‘call data’ – CPJ

    Laws and Rights Awareness Initiative, a Nigerian nongovernmental organization, filed a lawsuit on February 25 against the Nigerian Communications Commission (NCC) over regulations granting warrantless access to telecom subscribers’ information, including “call data.” The suit claims that...
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    Business Nigeria’s economy can’t survive without diaspora inputs, says PwC Chief Economist – Nairametrics

    Nigerians in Diaspora have been described as the chief enablers financing the Nigerian economy. The remittance inflows into the country showed that the nation depends largely on them to survive. This disclosure was made by the Leader and Chief Economist of PwC, Dr Andrew Nevin. … Read more...
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    Business Coronavirus delaying reconstruction of Ibom Science Park — Akwa Ibom govt – Vanguard News

    Akwa Ibom State Government has said that the actual commencement of reconstruction work on Ibom Blue Sea Science and Technology Park project had been delayed following the outbreak of the Coronavirus disease. The state Commissioner for Science and Technology, in charge of supervising the...
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    Business Nigeria’s recession buffer weak as Coronavirus drives oil near $47/bbl – The Guardian Nigeria News

    With the impact of the coronavirus taking a toll on oil demand and the economy in general, the fear of another recession appears to be imminent as oil price dropped to $53.71 per barrel, amidst falling external reserves and excess crude account (ECA)... Read more via The Guardian Nigeria News...
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    Business Indian, others accused of forging SON receipts – Vanguard News

    A Federal High Court in Lagos, on Wednesday, ordered the remand of an Indian and two others for allegedly forging Standards Organisation of Nigeria, SON, receipts. Chucks Okeke, Omkar Shinde, Shittu Adedeji and a company, Everchem Paints Nigeria Limited, were arraigned before Justice Saliu...