Latest Nigeria Business News
The Ghanaian government has denied signing a contract with the China Railway Construction Company (International) Nigeria Limited to develop and modernise the country’s railway network. The Minister of Railway Development, Joe Ghartey (MP), disclosed this in a letter while reacting to an online report (not Saturday PUNCH) which alleged that the country had reached an […]
The National Agency for Food and Drug Administration and Control has suspended the implementation of the new tariffs on pharmaceutical, food and allied products. NAFDAC disclosed this on Friday in a statement signed by its Director of Public Affairs, Dr Abubakar Jimoh. It said the decision became necessary following the agitations against the new tariffs. […]
MTN Nigeria Communications Plc has launched 4G+ in Lagos, Abuja and Port Harcourt. A statement issued by the country’s largest telecommunication company on Tuesday described the MTN 4G+ technology as a 4G LTE advanced technology using a combination of the recently acquired 800 MHz spectrum and 2600 MHz. The telco explained that the added spectrum […]
Airtel Africa has announced the successful pricing of its Initial Public Offering at N363 per share on the Nigerian Stock Exchange and 80 pence per share on the London Stock Exchange. The telecom company, while announcing the offer price for the shares on Friday, estimated its market capitalisation at N1.4tn or $3.9bn or £3.1bn on […]
The federal, states and local government areas yesterday N679.699 billion from the federation account for the month of May 2019. It was at the end of the Federal Account Allocation Committee (FAAC) meeting in Kano. The distribution to the three tiers of government was inclusive of cost of collection to Nigeria Customs Service (NCS), Department […]
Total Nigeria Plc will optimise the vast potential of its solar business in Nigeria to drive its growth and sustain improved returns to shareholders. At the annual general meeting yesterday in Lagos, Chairman, Total Nigeria Plc, Stanislas Mittelman, said the company will use solar power to power its 60 stations in order to ensure stability […]
Sterling Bank Plc said it is lending support to a programme organised by The Teaching Network Foundation (TTNF) in a bid to improve the quality of teachers in Nigeria’s education sector. The programme with the theme: Introducing and Developing a Sustainable Assessment Strategy to Improve Teaching and Learning, was held at the Scholars Crest International […]
The Nigerian Civil Aviation Authority (NCAA) yesterday warned pilots and airline operators to exercise caution during flight operations as the rainy season sets in because of thunderstorms. Spokesman of NCAA, Sam Adurogboye, in a statement, warned that the rainy season, prevalent in the Southern and Northern parts of the country was usually accompanied by thunderstorms […]
The Nigerian National Petroleum Corporation (NNPC) has warned stakeholders in the downstream oil sector not to do anything that could undermine the seamless supply and distribution of petroleum products that currently prevails across the country. The Group Managing Director, NNPC, Dr. Maikanti Baru, who made this plea at the launching of Petroleum Products Pipeline Marketing […]
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 […]