Latest Nigeria Business News
Airtel Africa Plc lost N148.44 billion in its first week of listing at the Nigerian Stock Exchange (NSE). Airtel Africa’s share price dropped by 10.9 per cent to close weekend at N323.50 per share, N39.50 below its IPO price of N363 per share. With a loss of N39.50 per share, Airtel Africa’s market capitalisation depreciated […]
Total has achieved noroutine-gas-flaring in operations on its Egina Floating Production Storage Offloading (FPSO), following the inuaguration of gas compression system on the Egina Field. Associated gas from the field is now being compressed, transported via the Akpo/Amenam gas export line and monetised through the Nigeria Liquified Natural Gas (NLNG). “Total has again honoured its […]
The National Information Technology Development Agency says it is probing some telecommunications companies, banks, financial technology companies and others for allegedly breaching the data security of their customers. In a statement signed by Director General of NITDA, Dr Isa Ibrahim, and made available to our correspondent in Abuja on Sunday, Ibrahim also disclosed that […]
The newly elected President of the Trade Union Congress, Quadri Olaleye, on Sunday said the union would issue an ultimatum for an industrial action if the Federal Government continued to delay the implementation of new N30, 000 minimum wage. In an exclusive interview with our correspondent, Olaleye said that TUC had begun mobilising workers ahead […]
The Central Bank Governor, Godwin Emefiele, has said that it is relevant for those who head government agencies to disclose their plans on how to move their agencies forward. He spoke during an event which was organised to celebrate his re-appointment as the governor of the CBN organised by the Chairman, Zenith Bank Plc, Jim […]
Equity investors in the Nigerian Stock Exchange lost a total of N366bn in the last three consecutive trading days. Last week, investors and other stakeholders welcomed the listing of Airtel Africa Plc’s shares on the NSE. The listing, which took place on Tuesday, added N1.36tn to the total market capitalisation of the Exchange. Investors had […]
The Securities and Exchange Commission has announced plans to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts to enable them to claim their dividends. The acting Director-General, SEC, Ms Mary Uduk, who spoke during an interview in Abuja, said the commission had taken various steps to ensure that […]
ABUJA – The Central Bank of Nigeria (CBN) says it has made another intervention in the retail Secondary Market Intervention Sales (SMIS) to the tune of $2698.71million in addition to CNY 39.69million in the spot and short tenured forwards segment of the inter-bank foreign market. The Director, Corporate Communications Department at the Bank, Mr. Isaac […]
The German, Swiss and Austrian companies in Nigeria are lamenting the high cost of doing business in Nigeria. The groups said they would not be consolidating their operations if adequate measures were not put in place to enhance ease of doing business in the country. They made this known in Lagos on Thursday at this […]
The Nigerian Institute of Training and Development has called for the integration of technology in the training of professional manpower with a view to enhancing human capital development. The Chairman, 2019 Annual Trainers’ Conference of NITAD, Felix Ajalogun, who made the call at a press briefing in Lagos, said that the corporate world was going […]