Business
Nigeria in talks with financiers to raise $3.15bn to increase oil output
Nigeria’s state run oil corporation, the Nigerian National Petroleum Corporation (NNPC) says it’s in talks with third party financiers to raise as much...
Dangote refinery begins equipment installation ahead of 2020 deadline
The Dangote Oil Refining Company (DORC) Limited has begun installing equipment having received the regenerator for the Residual Fluid Catalytic (FCC) cracker, the...
Keystone Bank partners Orange Island to promote healthy living
As a way of demonstrating its commitment to promoting fitness and healthy living amongst Nigerians, Keystone Bank Limited, has announced its partner,ship with...
There is Significant Opportunity for Consolidation in Banking Sector – Adeduntan
The Managing Director/CEO of First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan, in this interview reveals that with about 12,000 agents...
Nigeria plans to raise N1.809trn in Treasury-bills in Q1 2019
The Nigerian government says it has concluded arrangements to raise a total of N1.809 trillion from the debt market, specifically through the Treasury-bill...
CBN continues intervention in Forex market
The Central Bank of Nigeria (CBN) has continued its intervention in the inter-bank sector of the Foreign Exchange market by injecting another sum...
Nigeria made N273.5bn from VAT in 6 months
Nigeria recorded a total sum of N273.50 billion in value added tax (VAT) in six months in 2018, the National Bureau of Statistics...
Technology will Aid Transaction Cost Reduction in the Capital Market – Uduk
What are some the initiatives the SEC is implementing to boost investors’ confidence? We are doing a lot to boost investors’ confidence in...
$100m Tony Elumelu Entrepreneurship Programme Open For Entries.
The $100 Million Tony Elumelu Foundation Entrepreneurship Programme – an annual programme of training, funding and mentoring, designed to empower the next generation...
We won’t Prosecute Multiple Accounts Holders – SEC
Nigerians have once again been enjoined not to entertain any fears of prosecution but take steps to regularise their multiple subscription accounts in...
Nigeria settles 4-month dispute with MTN for $52.6m
Africa’s largest telephony carrier, MTN Nigeria, has settled its four-month long dispute with the Nigerian authority at a cost of $52.6 million, the...
After denial, Diamond, Access bank announce merger
Diamond Bank has confirmed that is its being acquired by Access Bank, following weeks of speculations and denials. The bank, in a written...
Nigeria capital importation shrinks 31% in 2018
Nigeria’s capital importation declined by as much as 31.1% year-on-year and 48.2 percent quarter-on-quarter (QoQ) in Q3’18 to $2.9 billion, the lowest since...
Dozie’s Diamond Bank now acquired by Access Bank
Access Bank is said to have officially acquired Diamond Bank, although no official statement has been released confirming this development at the time...
FG sues Shell and Eni for £868m over corrupt 2011 oil deal
The Federal Government has filed a billion-dollar claim in a British court against oil giants Royal Dutch Shell and Eni over alleged fraud...
NASCON launches New Dangote Classic Seasoning Cubes
…Says its’ meets complete nutrition need of the people Management of the NASCON Allied Industries Plc, a subsidiary of the Dangote Industries Limited...
