Latest Nigeria Business News
Airtel Africa Plc has revealed plans to sell its shares to Nigerian investors between N363 and N454 per ordinary share. In its offer prospectus obtained by our correspondent on Friday, the company said the Nigerian offer consisted of an institutional offer only, and as such, shares would be offered to qualified institutional investors and high […]
The United States-Nigeria Council for Food Security, Trade and Investment has called on the Securities and Exchange Commission to follow due process in the issue involving Oando Plc. In a statement made available to our correspondent on Friday, the USNC said, “Oando Plc, as a founding member of the council and as an active and […]
The slowdown in global manufacturing growth evident since the end of 2017 continued in the first quarter of 2019, a report by the United Nations Industrial Development Organisation (UNIDO), has said. It attributed the slowdown to emerging trade and tariff barriers involving the United States and China, as well as the European Union (EU), which […]
Kwara State will benefit from the N200bn funds the Central Bank of Nigeria has set aside to promote innovative ideas and entrepreneurship, Governor Mallam AbdulRahman AbdulRazaq has said. Talks have reached an advanced stage for the Western state to be considered for the funds that would establish innovation hubs in the area of high-end movie […]
The Convention on Business Integrity(CBI), a United Kingdom Department for International Development (DFID) supported agriculture project, has generated 25 million pounds Sterling (about N11.4 billion). In addition, it has enhanced the productivity of about 500,000 farmers across the country. This was achieved through Business Innovation Facility (BIF), its market systems development project that focuses on […]
The masts row between the Nigerian Civil Aviation Authority (NCAA) and telecoms companies is getting bigger. Telecoms regulator Nigerian Communications Commission (NCC) has reported the threat by NCAA to pull down 8,805 telecoms and financial institutions’ towers to the Office of the National Security Adviser (ONSA). The NCAA served the demolition notice on Tuesday over […]
Chemical and Allied Products (CAP) Plc is optimistic that improved economy will lead to increased returns in the current business year. The board of directors yesterday assured shareholders that the company will take advantage of emerging opportunities to improve performance in 2019. The assurance came as shareholders yesterday at the annual general meeting in Lagos […]
The Group Executive Director of United Bank for Africa (UBA), Liadi Ayoku, has called for the overhaul of the training curriculum in financial institutions across Africa to reflect current technological realities, which according to him will reflect the modern business expectations and ensure the relevance of graduates to the continent’s economic growth and aspiration. Ayoku, […]
Shareholders of Stanbic IBTC Holdings Plc have commended the financial holding group for its financial performance in the 2018 financial year. Key extracts of the audited report and accounts for the year ended December 31, 2018 showed that the group grew its top-line earnings to N222.4 billion in 2018 compared with the N212.4 billion in […]
The National Insurance Commission will soon introduce a revised insurance distribution channel, which will replace the State Insurance Policy that was cancelled. The new policy may involve the issuing of new distribution licences to non-insurance bodies, who would be able to sell insurance to every part of the country, according to information obtained from the […]