Latest Nigeria Business News
A factional Shi’ites organization, Al-Thaqalayn Cultural Foundation has described the Sheikh Ibraheem El-Zakzaky led Islamic Movement in Nigeria, (IMN) as a fake movement. It said, the Zakzaky movement is a curious hybrid and a concoction, a dangerously unstable cocktail of incoherent and disorganised hallucinations and fantasies that only exist in their wildest dreams. This was as […]
There is serious panic and anxiety among doctors on the employs of Borno State Government following the late night visit of Gov. Babagana Zulum on Monday to hospitals within Maiduguri metropolis. Many of them, especially those on duty call who couldn’t respond to the governor’s anonymous distress calls, are particularly bothered over the fate that […]
The Supreme Court on Tuesday affirmed Imo State governor, Emeka Ihedioha, as the authentic governorship candidate of the People’s Democratic Party (PDP) in the 2019 general election. Tye apex Court dismissed a suit filed by Senator Sam Anyanwu, challenging the emergence of the Imo Governor as the PDP candidate. The appeal, heard by a panel […]
Shareholders of Cement Company of Northern Nigeria Plc have approved the payment of N5.25bn as dividend for the 2018 financial period. The amount, which was approved at the company’s annual general meeting in Abuja, translated into a dividend payout of 40 kobo per share. The approved dividend of N5.25bn represents an increase of N3.68bn or […]
Nigerians continue to experience declined transactions on Point of Sales terminals all over the country as failed PoS transactions hit 256,228 on Monday evening. Live transaction updates obtained from the Nigeria Inter-Bank Settlement System showed that payment on the PoS terminals had a high failure rate of 18.9 per cent out of a total of […]
It was a healthy academic excercise over the pros and cons of the multiple exchange rate regime yesterday. Sparring were the International Monetary Fund (IMF) and the Central Bank of Nigeria (CBN). The altercation between IMF’s Senior Resident Representative and Mission Chief for Nigeria Amine Mati and CBN’s Director, Monetary Policy Department Moses Tule, was […]
Heritage Bank Plc, African Export Import Bank and Zamfara State government have signed $1billion Memorandum of Understanding (MoU) in the areas of mining, agriculture, water resources and others. Heritage Bank is the banker to the project. Another financial handler involved in the the MoU is PAC Capital Limited, which is the investment banking arm of […]
MTN Nigeria yesterday said its subsidiary, Yello Digital Financial Services Limited (YDFS) has been granted a full Super Agent Licence by the Central Bank of Nigeria (CBN). The licence will enable the telco to convert its existing airtime agents and recruit other small businesses to distribute financial services and scale the launch of its fintech […]
Oil futures edged higher yesterday as traders weighed the health of the global economy and its impact on energy uptake. Brent crude was up eight cents, or 0.1 per cent, to $63.45 a barrel on the ICE Europe exchange while WTI crude for September delivery on the New York Mercantile Exchange added 25 cents, or […]
National telecoms giant, Globacom, said its subscribers are in for surprises during the forthcoming annual Ojude Oba festival of the Ijebu nation slated for August 13 in Ogun State. The telco said 10 lucky subscribers get one tricycle(Keke) each, adding that beneficiaries will be picked through raffle draws on the festival day. It also promised to dole […]