Latest Nigeria Business News
The Lagos Chamber of Commerce and Industry has commenced online registration and booking for the 2019 Lagos International Trade Fair. The Director General, LCCI, Muda Yusuf, who disclosed this, was quoted in a statement as saying that the United Bank for Africa Plc had been officially signed as the headline partner of the fair. Yusuf […]
The Managing Director, Nigerian Breweries Plc, Mr. Jordi Borrut Bel, has said the company would be deploying some innovations nationwide to drive market demand. He said this during its Distributors’ award to celebrate its esteemed business partners nationwide for their excellent performance in 2018. The event which was held in Abuja provided a platform for […]
Experts in the agricultural sector have listed the numerous hindrances facing operators who attempt to access loans to expand their agricultural business. The experts spoke in Lagos recently during the United Kingdom-West Africa Agritech summit. They pointed out that over $50bn investment was needed to maximise opportunities in the African food industry in the next […]
The National Industrial Court in Abuja on Thursday nullified the suspension of Mounir Gwarzo as the Director-General of the Securities and Exchange Commission. In his judgment, Justice Sanusi Kado, described Gwarzo’s suspension by the then Minister of Finance, Mrs Kemi Adeosun, on November 29, 2017, as illegal, null, void and of no effect. He said […]
The Federal Airports Authority of Nigeria on Thursday met with the Airline Operators of Nigeria and the Airline Operating Committee to find solutions to service gaps at airports across the country. The new Managing Director of FAAN, Capt Rabiu Yadudu, said the meeting became necessary to re-affirm the agency’s commitment to the improvement of services […]
The nation’s foreign reserves rose by $295.12m to $45.087bn as of May 27 from $44.792bn on April 26, the latest statistics from the Central Bank of Nigeria revealed. The reserves, which rose from $43.041bn on December 17, 2018, to $43.047bn as of January 9, 2019, also maintained a steady rise from $42.87bn on March 12 […]
Heritage Bank Plc has given out $40,000 grants to winners of the maiden edition of HB Innovative Lab. During the maiden edition of Heritage Bank Innovation Lab Accelerator programme tagged, ‘Demo Day,’ which was a 12-week programme in Lagos, the bank said this was part of its efforts to support Nigeria’s aspiration to become a […]
Leadway Assurance Company Limited has said the total claims it paid to its customers rose from N27.4bn in 2017 to N33.8bn in 2018 financial period. During its 47th Annual General Meeting in Lagos, the company said its assets base rose by 15 per cent to N312.7bn in 2018 from N271.9bn in 2017. In a statement, […]
In line with the financial literacy initiatives of the Central Bank of Nigeria, Unity Bank said it organised a spelling competition in schools. In a statement on Thursday, the bank organised a programme tagged, ‘Spelling BEE Competition’, to mark Children’s Day celebration for secondary school students. The competition was held simultaneously in Lagos, Abuja and […]
.The Senate on Thursday flayed the payment of N11tn to oil marketers as subsidy in the last six years, stressing that the development, if not halted, could kill the nation’s economy. The upper chamber took the decision while considering the report of its Committee on the Downstream Petroleum Sector. The Chairman of the committee, Kabir […]