Latest Nigeria Business News
Operators in the financial sector have said that there is a need to have a vibrant money market that will boost economic development. The Financial Markets Dealers Association was quoted in a statement as saying that this would be a major focus during its upcoming seminar in Lagos with the theme, “Developing a vibrant and […]
The Nigerian Aviation Handling Company Plc says it has appointed a new chief operating officer. According to the firm, the new COO, Mr Herbert Odika, is a first class aviation professional with excellent knowledge of the industry. “Odika, a former member of staff of NAHCO Aviance, is a graduate of Business Studies from the University […]
Shareholders of Total Nigeria Plc have approved the payment of N4.75bn as total dividend for the 2018 financial year. The shareholders approved the payment at the company’s 41st Annual General Meeting in Lagos. The Chairman, Total Nigeria, Mr Stanislas Mittelman, said the company had paid an interim dividend of N3, which translated to N1.02bn, during […]
The Central Bank of Nigeria plans to introduce a framework to boost mortgage lending in the country. According to the apex bank, a lot of equities are currently tied down in mortgage assets, which are entirely cash backed. The bank said in its effort to support the growth of Nigeria’s real estate industry, it would […]
The National Oil Spill Detection and Response Agency on Tuesday declared that crude oil theft in Nigeria could only be stopped through the application of stringent measures such as the marking of crude oil produced in Nigeria. NOSDRA charged the Federal Government to consider the option of marking Nigerian oil using the molecular fuel marker […]
Power distribution companies owe service providers, including the Transmission Company of Nigeria, a total of N263bn, our correspondent has learnt. The service providers in the power sector are the Nigerian Electricity Regulatory Commission, the Nigerian Bulk Electricity Trading Plc, the Transmission Service Provider, the System Operator and the Market Operator. The TSP, SO and MO […]
MyBroadband Insights has released its 2019 Mobile Network Quality Report for the second quarter of the year. The data shows that MTN has been crowned as the best mobile network in South Africa once again. With the help of 11 004 unique Speed Test users, MyBroadband conducted more than 330 000 speed tests through their Android […]
Airtel Africa Plc has listed 3,758,151,504 ordinary shares on the main board of the Nigerian Stock Exchange. The NSE said the shares were listed at an offer price of N363 per ordinary share. It added that the listing of the company’s shares added N1.36tn to the total market capitalisation of the Exchange, further deepening the […]
The Apapa Area Command of the Nigeria Customs Service has said it generated total revenue of N203.3bn in the first half of the year. The Customs Area Controller, Apapa Area Command, Mohammed Abba-Kura, disclosed this during a media briefing in Lagos on Tuesday. According to him, the amount represents 54.5 per cent of the annual […]
NOVA Merchant Bank has announced the launch of its newly redesigned website. The website is in fulfillment of its desire to continuously find ways to serve its customers better. This new version has features and functionalities to enhance the accessibility of the website. The navigation of the website has been simplified so clients can easily […]