Latest Nigeria Business News
First City Monument Bank (FCMB) in partnership with MOD Education is supporting customers aspiring to study in foreign tertiary institutions. Both institutions also organised a two-day International English Language Testing System (IELTS) training in Lagos to help candidates seeking globally recognised and approved language skills. It is required to pursue and fulfill academic aspirations in […]
Tin Can Island Command of the Nigeria Customs Service has processed a total of 150,930 metric tons of export with free on board (FOB) value of N68.88 billion from the port between January and June. This is compared to 118,452mt of goods exported through the port with FOB of N63.10 billion within corresponding period of […]
Nigerian equities reopened yesterday on the negative side as continuing sell pressure shaved off N110 billion in investors’ worth. Benchmark indices at the Nigerian Stock Exchange (NSE) showed a market-wide sell pressure with average price decline closing the trading session at 0.79 per cent. The continuing depreciation in share prices further worsened the negative average […]
Wema Bank has unveiled Teni Apata, popularly known as Teni the Entertainer as its brand ambassador. Teni will serve as a conduit between Wema Bank and young Nigerians with a view to changing existing brand perception, increasing top-of-mind awareness, acquiring new customers and increasing deposit. An award-winning artist, Teni’s music resonates with all spheres of society. […]
The Investors and Exporters (I&E) Foreign Exchange Window has attracted $18.79 billion from foreign investors in the last seven months, a report from research unit, Coronation Merchant Bank, has shown. The window is also called the Nigerian Autonomous Foreign Exchange (NAFEX). The report said that foreign portfolio investment (FPI) constituted 65.40 per cent of the […]
…seeks review of DisCos privatization The chairman, Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, yesterday warned the Nigerian Electricity Regulatory Commission (NERC) not to in increase the cost of electricity. According to him, even the elites are migrating from the supply of the electricity distribution companies because the tariff is not affordable. Wondering how low […]
Flour Mills of Nigeria Plc, Nigeria’s integrated food business and agro-allied group, on Monday announced that its audited 2018/19 financial results showed a N1.9 billion improvement in Q4, 2018/19. The improvement was in comparison to the same period last year, with full year Profit Before Tax (PBT) of N10.2 billion, compared to N16.5 billion in […]
The Standards Organisation of Nigeria (SON) has issued a red alert on the presence of substandard SUNRISE brand of Electric Cables in the Nigerian markets and warned Consumers to avoid patronage of the product. It also warned dealers in electric cables to avoid sale of the product or risk seizure by SON officials wherever it […]
Upholding its commitment to creating social good for communities across the country, Sterling Bank hosted a financial and retirement planning seminar for serving members of the armed forces and paramilitary at the National Defense College in Abuja on Wednesday, 10th July 2019. The well-attended seminar was powered by One Force; the bank’s value proposition for […]
The Nigeria Employers’ Consultative Association has urged the Federal Government to reassess its strategies and tailor its policies and reforms towards a radical industrialisation of the country. The Director-General, NECA, Mr Timothy Olawale, made this call on Monday in statement released in Lagos, a copy of which was made available to our correspondent. He said […]