Latest Nigeria Business News
The Nigerian Ports Authority has set up a committee to look at the contending issues surrounding the Apapa gridlock, its effect on stakeholders and mitigating steps. The General Manager, Corporate and Strategic Communications, NPA, Jatto Adams, disclosed this to our correspondent over the weekend. Also during the weekend, reports had surfaced that the agency might […]
The nation’s stock market slumped by 3.55 per cent in June as investors recorded losses totalling N479bn. The market, which opened the month of June with a market capitalisation of N13.685tn, a value recorded on May 31, 2019, closed 1102.5 basis points lower at a market capitalisation of N13.206tn on Friday, June 28, which was […]
The Lagos State Government has barred trucks carrying export containers and empty ones from accessing the Tin Can Island Port between June 28 and July 1. The directive was contained in a traffic advisory, which was released for Apapa by the Permanent Secretary, Ministry of Transportation, Lagos State, Dr Salami Olufemi. The government noted that […]
The Chartered Institute of Bankers of Nigeria, Lagos State branch, has reiterated its willingness to make the education and examination of its current and prospective members more convenient and cost effective. The Chairman of the state branch, Peter Ashade stated this at the unveiling of the institute e-learning platform in Lagos. Ashade noted that the […]
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 […]