Latest Nigeria Business News
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 […]
An audit conducted by Nigerian and Ukrainian experts showed that a total of $652m is required to reactivate and complete the Ajaokuta steel plant, The PUNCH has learnt. According to the information sourced from the company’s website in Abuja on Monday, the audit was conducted in April 2018 by Nigerian engineers, technicians, and other professionals […]
The Nigerian Communications Commission says it remitted N51.3bn to the Consolidated Revenue Fund of the Federal Government in the first quarter of 2019. The remittance, according to the Executive Vice-Chairman, NCC, Prof. Umar Danbatta, is in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007). The Act requires listed Ministries, Departments and Agencies to […]
The Securities and Exchange Commission has started verifying claims of 4,160 unpaid investors of the illegal investment scheme organised by Dantata Success and Profitable Company. SEC had in February sealed off the premises of Dantata Success and Profitable Company in Kano for engaging in illegal capital market activities, saying its investment operations fell within fund […]