Latest Nigeria Business News
THE Nigerian Communications Commission (NCC) on Tuesday stressed the need to put in place a very robust telecoms infrastructure so that innovation could flourish. Speaking at 2019 Nigeria Innovation Summit in Sheraton Hotels, Ikeja, Lagos, its Executive Vice Chairman/CEO, Prof Garba Danbatta, said innovation will drive economic growth. Represented by Director, Research & Development at […]
Dangote Cement Plc has regained its position as the biggest listed firm on the Nigerian Stock Exchange as sell-offs were witnessed in MTN Nigeria Communication Plc’s shares on Tuesday. On Monday, MTN Nigeria overthrew Dangote Cement, becoming the most capitalised company on the NSE just three months after its listing, as its share price increased […]
The Nigerian stock market reverted to its bearish trend on Tuesday as it lost N27.9bn following sell-offs witnessed in large cap stocks. The market capitalisation of equities declined from N13.214tn on Monday to N13.186tn on Tuesday as the All Share index depreciated by 0.21 per cent to close at 27,058.62 basis points. The year-to-date loss […]
Zenith Bank Plc has reported a N57.11bn drop in the value of its total assets over a six-month period. The financial statement of the bank for the period ended June 30, 2019 was made available to the Nigerian Stock Exchange. The value of the total assets, which stood at N5.95tn as of December 31, 2018, […]
Federal High Court in Abuja has restrained the Independent Corrupt Practices and other related offences Commission (ICPC) and the Attorney General of the Federation (AGF) from seizing or interfering with the assets and properties belonging to former Zamfara State Governor Abdulazeez Yari. Justice Taiwo Taiwo, in a ruling on Monday, in an ex-parte motion for […]
Activist lawyer Femi Falana (SAN) yesterday said President Muhammadu Buhari’s administration knows those causing unrest in the country and should go after them. Falana spoke at the Coalition for Revolution’s (CORE’s) working consultative assembly, with the theme: Democracy, State Repression and The State of Insecurity in Nigeria, at the Lagos Centre, Oregun, Ikeja. The event, […]
The All Progressives Congress (APC) in Adamawa State has filled vacancies created by the suspension of three members. The party had last week suspended Aliyu Bakari (Vice Chairman Adamawa Central), Saidu Naira (State Financial Secretary) and Babangida Talasai (party chairman of Mayo-Belwa) allegedly for trying to withdraw a petition which the APC filed against the […]
Why board is yet to enforce law on fabrication strictly The Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Engr. Simbi Wabote yesterday disclosed that he was to meet with the management of the Bank of Industry (BOI) yesterday (Monday) to have an update on the state of the fund and take its next decision. […]
… Says FIRS exceeded target The Executive Chairman of the Federal Inland Revenue Services (FIRS) has replied to his query and insisted that the Service’s tax collection exercise actually surpassed past efforts. Mr. Tunde Fowler in his reply to the Presidency’s query said the Service exceed its target in non oil tax collection by […]
In a clear demonstration of its resilience and strong market share,Zenith Bank Plc has announced its audited results for the half year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa. As a testament to its commitment to its […]