nigeria business news

  1. Nigeria Business News

    Business Lagos State to enforce ban on Gokada, MAX.ng, and ORide from February 2020 – Techpoint.Africa

    Following weeks of speculation and months of tussles between ride-hailing platforms and regulatory authorities, the Lagos State Government has officially banned all forms of motorcycles in major parts of Lagos State... Read more via Techpoint.Africa – https://ift.tt/2RMREfW Get more: Nigeria...
  2. Nigeria Business News

    Business Nigeria’s Finance Act and an impending tax turf war between federal and state governments – Techpoint.Africa

    Techpoint Legal and Policy columnist, Enyioma Madubuike sheds light on the impending tax turf war, between federal and state governments, that has been set in motion as a result of Nigeria’s new Finance Act, and how it might affect startups Read more via Techpoint.Africa –...
  3. Nigeria Business News

    Business Five firms abandon Facebook’s ‘Libra’ currency, as Vodafone announces exit – Nairametrics

    Three months after Mastercard and Visa pulled out of Libra, a cryptocurrency owned by Facebook, it seems the exit door is still open as another member of the Libra Association takes a bow. The new member exiting Libra is a telecommunications company, Vodafone.... Read more via Nairametrics...
  4. Nigeria Business News

    Business CBN does heavy lifting for FG with CRR hike – Businessday NG

    Without the land border closure which fanned inflation, the Central Bank of Nigeria (CBN) may not have been inclined to tighten credit. But the apex bank has had to do just that, as curtailing excess liquidity has become necessary in taming inflation which has been on the rise … Read more...
  5. Nigeria Business News

    Business Rensource raises $3m equity investments from Proparco, EU – TechMoran

    Rensource has raised $3 million from Proparco, with the support of the European Union under the Africa Renewable Energy Scale-Up facility (ARE Scale-Up). Rensource, the first beneficiary in the program, will use the funding to contribute to facilitating energy access in the context of a...
  6. Nigeria Business News

    Business Afrinvest MD predicts when the naira will finally be devalued – Nairametrics

    Only one thing can prevent Nigeria’s currency (the naira) from being devalued by the second half of 2020, and that is a radical increase in crude prices. This is according to Ike Chioke, the Managing Director of Afrinvest West Africa Limited. Chioke reportedly made the prediction over the...
  7. Nigeria Business News

    Business How I Work: Mark Essien, tech genius on a mission to ‘fix Africa’ – Techpoint.Africa

    When you think of innovation in Africa’s tech ecosystem, Mark Essien is one of the few names that come to mind. Seven years after founding Hotels.ng, an online hotel booking platform, Mark has continued to impact the ecosystem through his writing, speaking, and internship programs.... Read...
  8. Nigeria Business News

    Business Budget: Nigeria records 600,000bpd oil output deficit – Newtelegraph

    Nigeria, at the weekend, recorded 600,000 barrels daily oil output deficit. The production, a document of the Ministry of Petroleum Resources sighted by this newspaper at the weekend revealed, stood at 1.7 million barrels, 600,000 barrel below the 2.3 million barrels … Read more via...
  9. Nigeria Business News

    Business How employees swindled First Marina Trust Limited of N1bn – Witness – Newtelegraph

    An Ikeja High Court, Lagos at the weekend heard how two staff members of First Marina Trust Limited allegedly conspired to steal N1 billion from the company. The staff members, identified as Adeyemi Oluwaseun and Suleiman Obhakume, had worked for the company, as at the time of … Read more...
  10. Nigeria Business News

    Business Linkage Assurance grows profit by 600% – Newtelegraph

    Underwriting firm, Linkage Assurance Plc, at the end of third quarter ended September 30, 2019, recorded a significant growth in profit after tax by 601.5 per cent, growing from N84.385 million in the same period in 2018 to N591.914 million. The profit before tax also grew … Read more...
  11. Nigeria Business News

    Business Afrinvest sees Nigerian revenue underperform by 44% – Newtelegraph

    The real challenge to achieving FG’s revenue budget comes from non-core revenue sources Afrinvest West Africa Limited has said it expects the country’s revenue to underperform by 44.0 per cent in 2020, which means that debt service to revenue will remain elevated. Ike Chioke, Group Managing...
  12. Nigeria Business News

    Business Guinea-Bissau calls on Nigeria to assist in rice production – Nairametrics

    In a bid to meet its food sufficiency, food security and nutrition targets, Guinea-Bissau has called on Nigeria to assist in the production of rice. The call was made by the Guinean Ambassador to Nigeria, Henrique Adriano Da Silva during his visit to the Federal Ministry of Agriculture and …...
  13. Nigeria Business News

    Business Nigerian workers are biggest losers in FG’s plan to raid pension funds for N2trn – Businessday NG

    Nigerian pensioners will be lending to the government at an interest rate well below inflation rate if the Federal government does dip its hands into pension funds. At the end of the National Economic Council (NEC) meeting last week, the council disclosed that the Federal Government had...
  14. Nigeria Business News

    Business VAT: Ikeja Electric Announces Price Hike In MAP Meters – Nairaland

    One of the leading electricity distribution companies in Nigeria, Ikeja Electric Plc, has announced an upward review in the prices of meters sold to customers under the Meter Asset Provider (MAP) introduced by federal government. In a notice to its customers on Friday, the energy firm …...
  15. Nigeria Business News

    Business Coronavirus: Oil Price Fall Below $60 – Nairaland

    Brent crude futures fell below $60 on Friday, posing a threat to Nigeria’s 2020 budget, which put oil benchmark at $60 per barrel, as the spread of the coronavirus in China continues to affect demand due to restrictions placed on travel. The bearish performance for the … Read more via...
  16. Nigeria Business News

    Business Tinder is Adding a Panic Button Feature for Dates that Go Wrong – BellaNaija

    Just incase you’re new or old to Tinder and scared of going on a date due to safety reasons, not to worry, Tinder has added some new features for you. The dating app announced on Thursday that it is adding “new features using cutting edge technology dedicated to safety”. … Read more via...
  17. Nigeria Business News

    Business Shell declares force majeure, to stop Bonny Light crude oil export – Nairametrics

    Shell Petroleum Development Company will stop Bonny Light crude oil exports after announcing a force majeure on the operation. The subsidiary of Royal Dutch Shell in Nigeria had made the decision due to circumstances beyond its control. According to a spokesman, Shell’s decision to declare a...
  18. Nigeria Business News

    Business MTN Office Invaded By Robbers In Kebbi – Ladun Liadi’s Blog

    The Kebbi Police Command has confirmed the invasion of the MTN office in Tudun Wada area of Birnin Kebbi by three armed robbers on Wednesday. The Command Public Relations Officer, DSP Nafi’u Abubakar, confirmed the incident to newsmen in Birnin Kebbi on Thursday.... Read more via Welcome To...
  19. Nigeria Business News

    Business YouTube appoints Alex Okosi as managing director of Emerging Markets, EMEA – Techpoint.Africa

    Over time, YouTube has played an important role in the discovery and development of African and International music. The video-sharing platform has been useful in sharing African content to listeners all around the worldwide.... Read more via Techpoint.Africa – https://ift.tt/2REWo7B Get...
  20. Nigeria Business News

    Business State governors addressing increment in charges for telecommunications fibre – Minister – Premium Times Nigeria

    State governors under the auspices of the Nigerian Governors’ Forum have resolved to address the lingering issue of Right of Way (RoW) charges, the Minister of Communication and Digital Economy, Isa Pantami, has said. According to a statement signed by his.... Read more via Premium Times...
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