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Lagos Ports Busy As Imports Tumble

Activities at the Lagos ports have gradually come to a grinding halt as the foreign exchange restrictions announced last year by the Federal Government takes ... Full story

Nigeria Will Be Highest Exporter Of Cement By 2018 Says Dangote

The President, Dangote Group, Alhaji Aliko Dangote, has said that Nigeria will be the highest exporter of cement by the year 2018. Dangote stated this while ...

FSDH Merchant Bank Posts N4.7 Billion Profit

The FSDH Merchant Bank has said it posted a profit before tax of N4.72 billion for the financial year ended December 31, 2015. This represents an ... Full story

Naira Weakens Slightly Against Dollar At Parallel Market

The naira weakened slightly against the dollar at the parallel market on Friday as it exchanged at N321 to the dollar. The News Agency of Nigeria ...

Mitsubishi Loses $2.5bn In Stock Over Fuel Cheating Scandal

Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker’s market value in response to its shock admission that ... Full story

Access Bank Launches N1bn Access Nolly Fund To Promote Movie Industry

Access Bank Plc has launched a N1 billion ‘AccessNolly’ fund. The bank explained that the move was part of efforts to improve and provide solutions ... Full story

GTBank Empowers Female Entrepreneurs In Africa

Foremost African financial institution, Guaranty Trust Bank plc, has partnered African-focused entrepreneurship accelerator, She Leads Africa (SLA) and the Work in Progress! Alliance (Oxfam and ... Full story

Samsung Opens New Service Centre In Lagos, Nigeria

Samsung Electronics West Africa has opened a new service centre in Ikeja, Lagos to further bond with its customers. Located in Opebi, the new service centre, ... Full story

Banks Total Deposits And Loans To The Economy Hit N13 Trillion

Banks' loans to the economy appeared to have stunted in 2015 after a two-year recovery and growth. Total loans as at end of 2015 was N13.1 ... Full story

MTN Nigeria Close To Fine Resolution, Acting CEO Prepares For Exit

Phuthuma Nhleko plans to step down from his post next month, according to an unnamed source; telco denies media speculation it has already reached agreement ... Full story

Dangote Invests U.S.$20 Billion In Pipeline Infrastructure, Fertilizer And Petrochemicals

By Roseline Okere and Femi Adekoya Dangote Group is investing about $20 billion into gas pipeline infrastructure, power generation, petrochemical, fertilizer, sugar refinery and petroleum refinery ... Full story

Dana Air Partners Diamond Bank On Lounge Services

Dana Air is partnering with Diamond Bank to provide lounge services for its business class passengers, thereby fast-tracking boarding. The airline said with this innovation, it ... Full story

Nigeria's Telecoms Industry's Investment Profile Hits U.S.$32 Billion Says Danbatta

The Nigerian Communications Commission (NCC) says about 32 billion dollars has been invested in the nation's telecommunications industry from Foreign Direct Investment (FDI) and local ... Full story

Ntel Unveils First Mobile 4G/LTE Service In Nigeria

ntel, Nigeria’s most advanced 4G/LTE network has announced the commencement of its phased and paced commercial operations with bumper offers for Pioneers and data users. The ... Full story

MTN Launches Package Which Allows Users To Stream Electricity From Sun Into Mobile Devices

MTN South Africa  launched its new promotional package featuring World Panel’s SunStream™ which allows users to stream electricity from the sun directly into their mobile ... Full story

Orange To Invest In Nigerian E -Commerce Group Africa Internet

French telecommunications company Orange is to invest 75 million euro ($85 million) in Nigerian e-commerce group Africa Internet Group (AIG) and become a shareholder, the ... Full story

Refineries To Resume Operations This Month Says NNPC

The Nigerian National Petroleum Corporation, NNPC, on Sunday said refineries will resume operation for local consumption this month so as to end the lingering fuel ... Full story

Firstbank Unveils Enhanced Features On Mobile Banking App

First Bank of Nigeria Limited has unveiled a set of enhanced features on its integrated lifestyle mobile banking app, FirstMobile. This, according to the bank, is ... Full story

Oil Marketers Assures Of Fuel Supply Stability In Q2

Mr Akin Akinfemiwa, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), on Friday assured Nigerians that the Federal Government has provided sufficient fuel allocation for ... Full story

Time For Sober Reflection, Says Glo

Telecommunications operator, Globacom, has called on all Nigerians to remain steadfast and hopeful as the Christian faithful celebrate Easter. In a goodwill message released in Lagos ... Full story

N1.4 tr Fine: MTN Proposes N300b Settlement Deal

The Senate Committee on Communications yesterday took exception to the way and manner the out-of-court settlement arrangement between the Federal Government and MTN is being ... Full story

NNPC restructuring: Workers stop fuel supply, shut NNPC headquarters

The nationwide scarcity of petrol worsened on Wednesday as oil workers embarked on a full-scale industrial action, which led to the shutdown of the corporate ... Full story

CBN, banks to step up fraudsters’ prosecution

The Central Bank of Nigeria and Deposit Money Banks have said effective prosecution of fraudsters will be their focus this year. Speaking under the aegis of ... Full story

27 firms raise NSE capitalisation by N45bn

The gains recorded by 27 stocks on the floor of the Nigerian Stock Exchange on Wednesday boosted the NSE market capitalisation by N45bn. The market capitalisation ... Full story

Blackout: Electricity generation sinks to 1,580MW

The highly pronounced power failures across the country in the past few days may worsen following a partial system collapse that occurred on Tuesday, and ... Full story

Boko Haram: MTN’s Slow SIM Registration Costly to Terrorism War

President Muhammadu Buhari yesterday said the slow registration of Nigerians on the MTN line by the service provider was costly to the war against Boko ... Full story

President Of Dangote Industries Plans To Generate 12,000MW of Electricity

The President, Dangote Industries, Aliko Dangote, has said his company should be able to generate about 12,000 megawatts of electricity for the country by 2018. He ... Full story

Experts Proffer Solutions To Economic Crisis

The Federal Government has been advised to plug fiscal leakages, focus on non-oil sector, and create an enabling environment for business to thrive as part ... Full story

Improve business with legislation, UK firm tells Saraki

A United Kingdom-based firm, Adam Smith International, has called on the Senate President, Bukola Saraki, to come up with a legislation that will promote and ... Full story

Arbitrary Charges: Customers Boycott Banks Today

Thousands of bank customers across the country are expected to boycott banking services on Tuesday (today) to express their grievances against alleged “arbitrary, illegal and ... Full story

Scarcity: Petrol Sells For N200 On Black Market

As the scarcity of petrol continued on Monday across the country, illegal hawkers of the commodity on the black markets resurfaced in parts of Lagos, ... Full story

FG Confirms MTN's N50 Billion Payment, Negotiations to Continue

South African telecommunication giants have paid a whooping sum of N50 billion to the Nigerian government as part of the fine for disobeying a national ... Full story

Naira Appreciates To ₦310/$1

The naira rose by 17.3 per cent on Tuesday against the dollar at the parallel market to 310 from 375, which it traded on Monday. The ... Full story

Multichoice Slashes Price of DStv Subscription in Nigeria

Multichoice Nigeria on Tuesday announced a slash in the prices of its DStv bouquets as well as introduction of two new sport channels. The new channels ... Full story

Discos Insist On Electricity Tariff Increase

Power distribution companies met briefly with the Nigerian Electricity Regulatory Commission on Monday and insisted that the increase in electricity tariffs across the country would ... Full story

Naira Rises To 375 As Dollar Demand Drops

The naira rose to 375 against the dollar at the parallel market on Monday as the demand for the greenback began to drop. The demand for ... Full story

Fuel Queues Resurface In Abuja

There was a mild scarcity of petrol in parts of Abuja and Nasarawa State on Sunday as motorists formed long queues in filling stations that ... Full story

We’ll Increase Oil Production For Domestic Use —Kachikwu

Nigeria will keep striving to increase crude oil production to meet local demand and not to essentially sell it in the international market, the Minister ... Full story

Dollar Scarcity: 40,000 Jobs Threatened, Food Prices SSoar

The difficulties in getting foreign exchange and the steep fall in the value of the naira are seriously affecting the manufacturing sector, with prices of ... Full story

Local Manufacturers’ll Soon Take Over Nigeria’s Furniture Business –Tawadrous

Egypt-born Michael Tawadrous, MD of VAVA Furniture, Nigeria, tells ‘Nonye Ben-Nwankwo his challenges establishing a business in Nigeria Some Nigerians feel foreigners have come to take ... Full story

School Fees, Medical Bills Eligible For Forex – CBN

The Central Bank of Nigeria says schools fees and medical bills are still among the items that are valid for foreign exchange allocation at its ... Full story

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