Latest Nigeria Business News
The Police Command in Enugu State has arrested a notorious gun manufacturer, Cyprian Eze, 69, who allegedly specialises in fabricating firearms and supplying to criminals in the state. The Command’s Public Relations Officer (CPRO), SP Ebere Amaraizu, said in a statement on Tuesday in Enugu that the suspect was tracked down and arrested on Monday. […]
Following the inauguration of the Panel to probe the crisis which erupted over land dispute between the people of Araromi Obu and Ikale(Ago Alaye), the Ondo State Governor Oluwarotimi Akeredolu, has directed government officials to stop making forthwith, public comments or statements on the matter. This action became imperative in order to allow the Panel […]
Digital transformation leader, Globacom, has topped gainers’ chart in the latest statistics of Internet subscribers released by the Nigerian Communications Commission (NCC) for the month of June. Indeed, June was a difficult month for the industry generally, as the total number of internet subscribers dropped by a whopping 332,338 from 122,624,417 in May to 122,292,079 […]
WITH the signing of the African Continental Free Trade Agreement (AfCFTA) by Nigeria, the Nigerian Export-Import Bank (NEXIM) has come up with five initiatives to create more opportunities for Micro Small and Medium Enterprises (MSMEs) According to NEXIM’s statement yesterday, these initiatives will double the bank’s steps towards deepening regional trade, through which it seeks […]
AIRTEL Nigeria has taken a definitive step to deepen broadband connectivity in homes and offices across the country with the roll out of its Home Broadband value offering across the country. The telco said the launch of the offerings rides on its expansive and modernised 4G network, which has been deployed in over 130 cities […]
FMDQ Securities Exchange Plc on Monday formally launched its new status and corporate identity as a full fledge securities exchange with registration to trade in all securities including fixed income, equities, derivatives, commodities and foreign exchange. Formerly known as FMDQ OTC Securities Exchange, the transition of FMDQ from an over-the-counter (OTC) platform to a full-blown […]
The transmission of electricity across the country is still weak despite the interventions and claim by the Transmission Company of Nigeria that it currently has capacity to wheel over 8,000 megawatts of power, the Association of Power Generation Companies, has said. The transmission company had reportedly invested about $1.63bn recently to improve the nation’s electricity […]
The Central Bank of Nigeria has ordered the lending institutions under its regulation to obtain the credit history of customers before giving out loans to them. The apex bank disclosed this order in its consumer protection guidelines on ‘Responsible business conduct.’ The guidelines apply to all transactions by financial institutions licensed and regulated by the […]
First City Monument Bank says another set of 644 customers have emerged as winners in its ongoing promo tagged, ‘FCMB Millionaire Promo Season six’ after another successful draw. The bank said the exercise, which was the second since the Season six of the promo began in March was held at the regional and zonal levels […]
Indications emerged on Monday that Chevron Nigeria Limited had recalled sacked members of the Nigeria Union of Petroleum and Natural Gas Workers. The National Secretary of the union, Afolabi Olawale, disclosed this in a telephone interview with our correspondent. He explained that the union’s meeting with the management of the CVL was the outcome of […]