Latest Nigeria Business News
Nigerian stocks have rallied for 16 successive days, a feat last accomplished in 2001. That’s taken the benchmark index, the world’s worst performer of 2016 in dollars, to an almost 50 percent gain since early March, the best globally. Traders are betting the economy will soon emerge from a recession and a foreign-exchange shortage […]
There was tension in the Ibafo area of Ogun State on Wednesday after a porter, identified as Musa Hussein, was stabbed to death by three youths in the area. PUNCH Metro learnt that the 27-year-old and his friend had gone to dispose rubbish around 11pm on Tuesday. The two friends were returning when Hussein reportedly stepped […]
A 36-year old grandmother, Mrs. Bosede Oyetunde, has been sentenced to one month’s imprisonment by a family court sitting in Oke Eda, Akure, Ondo State, for dumping a day-old baby boy, her grandson, in the bush. The incident happened in Omotoso town in the Okitipupa Local Government Area of the state. It was gathered that […]
wasn’t funny at all for a bride and groom and their guests after the couple fell off a car driving them to their happily ever after just after their wedding reception. But in hind sight, it makes for a good laugh. At the close of their wedding, bride Hana Haka Noland and her new husband […]
The Nigeria Customs Service (NCS) has recorded a revenue figure of N486 billion from January to June, as against the N385 billion realised in the same period in 2016. Mr Joseph Attah, the Public Relations Officer, NCS, gave the figure in an interview with the newsmen on Wednesday in Abuja. Attah said that the service […]
After hitting the 12 trillion Naira mark on Tuesday, the market capitalisation which opened at 12,246 trillion Naira, further increased by 417 billion Naira or 3.41% to close today at 12,6623 trillion Naira. The All Share Index on the other hand opened at 35,533.00 basis points to close at 36,740.77basis points, gaining 1207.77 basis […]
Nigeria’s Acting President, Yemi Osinbajo, is set to commission a new world-class fertiliser plant. The fertiliser plant was built by Indorama Eleme Fertiliser and Chemicals Limited, in Port Harcourt, Rivers State. A statement from the office of the Ag.President said on Wednesday that the plant with production capacity for 1.5 million Metric Tons of Urea […]
Nigeria’s Waterways is set to strengthen the desired machinery towards deriving the benefits of investment in coastal and Inland Shipping operations, to attract investors. This comes on the heels of the deliberations of the government agencies and stakeholders at the second International conference and Exhibition tagged “NIWA ICE 2017” held in Lagos. The Minister of […]
The Nigeria Extractive Industries Transparency Initiative has advised the Federal Government to transfer all the country’s oil revenue savings of about $3.95bn to the Sovereign Wealth Fund. It said the country’s SWF, whose balance currently stands at $1.5bn, was being managed properly by the Nigeria Sovereign Investment Authority, adding that it was important for the […]
The internet users and data subscribers in Nigeria’s telecommunications networks marginally increased to 91.6 million in June. According to data published by the Nigerian Communications Commission, Airtel and MTN gained more internet subscribers during the month, while Glo and Etisalat were the big losers. Overall, internet users increased by 33,747 to 91, 598,757 from […]