Latest Nigeria Business News
The Executive Vice Chairman (EVC), Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta yesterday warned that the digital transformation of Nigeria into a network society is under threat due to the activities of cybercriminals. He warned that unless something is urgently done to checkmate the activities of cybercriminals, the country risked going back to Stone […]
The volume of trade by Nigerian women increased by $4m through Shetrades, an initiative of the International Trade Center in partnership with the Nigerian Export Promotion Council. Shetrades was unveiled in Nigeria in 2016 with the objective of connecting 200,000 Nigerian women to the global market. This is part of the worldwide initiative of the […]
Barring any unforeseen contingencies, shareholders of Jaiz Bank Plc will receive their first-ever dividend from the bank by next year. The dividend, when eventually paid, would be coming eight years after the commencement of operations of the first full-fledged non-interest bank in Nigeria. Speaking during the seventh Annual General Meeting of the bank on Wednesday […]
The Nigerian Bottling Company Limited, the bottlers of Coca-Cola brands in Nigeria, has renewed its commitment to contributing its quota towards a more sustainable society through its social, economic and environmental initiatives. Speaking at the unveiling of the NBC’s maiden Sustainability Report recently, the Public Affairs and Communications Director, Mr Ekuma Eze, described the Sustainability […]
Nigeria is losing about $9bn annually to foreign shipowners because the country has no single vessel that is involved in international freight services, the Nigerian Shippers’ Council stated on Thursday. According to the council, Nigeria makes nothing from the billions of dollars spent by importers and exporters as freight fees to owners of vessels, as […]
Between January and May this year, the three tiers of government got the sum of N3.14tn as allocation from the federation account. The amount was allocated by the Federation Account Allocation Committee to the federal, states and local governments. The committee, which is headed by the Minister of Finance, is made up of commissioners of […]
The Chairman, NEM Insurance Plc, Dr Fidelis Ayebae, has revealed plans of the company to increase its issued share capital. Ayebae, while speaking at the company’s Annual General Meeting in Lagos on Wednesday, said the company would proactively begin to prepare to raise fund for the share capital increase, in addition to its plan for […]
The Nigerian insurance sector’s premium rose by 10 per cent to N400bn in the 2018 financial period, according to the Nigerian Insurers Association. The Chairman, NIA, Mr Tope Smart, disclosed this while presenting the 2018 annual report of the Nigerian insurance sector during the association’s 48th annual general meeting in Lagos on Thursday, which was […]
Investors are optimistic of a fair price for Airtel Nigeria shares as the telecom company prepares to announce its share price and size today (Friday) ahead of its listing on the Nigerian Stock Exchange. Capital market analysts also noted that investors were expectant that they would have an opportunity to invest in the telecom company. […]
Stakeholders, including communities of Oil Mining Licence 25 in Akuku-Toru Local Government Area of Rivers State, and Shell Petroleum Development Company have agreed on the procedures for the re-opening of the oil field. The Memorandum of Understanding, which will be facilitated by the Rivers State Government, will be signed on July 1, 2019, and signify […]