Category: Business

Neimeth, Oando, Sterling Bank top Wotzup Nigeria stocks watchlist
Business

Neimeth, Oando, Sterling Bank top Wotzup Nigeria stocks watchlist

Kunle Adeleye- January 11, 2021

Trading on the Nigerian Stock Exchange was bearish last week on account of profit-taking efforts that saw market capitalisation shed N537 billion, with market developments ... Read More

WhatsApp under siege by Facebook as users flee to rival Signal app
Business

WhatsApp under siege by Facebook as users flee to rival Signal app

Mariam Ayodeji- January 10, 2021

After being a bastion of privacy for years, WhatsApp is experiencing a mass exodus after the Facebook-owned company forces new privacy terms on its users ... Read More

TechNigeria: A weekly digest of what went down in Nigeria’s tech space
Business

TechNigeria: A weekly digest of what went down in Nigeria’s tech space

Kunle Adeleye- January 9, 2021

With Elon Musk emerging as the world’s richest man, displacing Amazon founder Jeff Bezos; the week goes down in history as a significant week where ... Read More

Receive your International money transfer funds in Dollars at branches Nationwide – Access Bank
Business

Receive your International money transfer funds in Dollars at branches Nationwide – Access Bank

Kunle Adeleye- December 16, 2020

In response to the recent announcement by the Central Bank Nigeria (CBN) that recipients of international remittances can now receive their funds in Dollars or ... Read More

‘We’re Stamping Out Corruption In Business’
Business

‘We’re Stamping Out Corruption In Business’

Kunle Adeleye- December 9, 2020

Participants of the Africa Business Ethics Conference (ABEC) have said they are working to stamp out  in both the public and private spheres in Africa. The event held ... Read More

Petrol price may hit N180 as oil nears $50
Business

Petrol price may hit N180 as oil nears $50

Kunle Adeleye- December 8, 2020

The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to marketers, as oil prices extended their rally ... Read More

British-born Nigerian boxer, Okolie, plans on fighting Anthony Joshua in Nigeria
Business

British-born Nigerian boxer, Okolie, plans on fighting Anthony Joshua in Nigeria

Paul Fakayejo- December 4, 2020

English-born Nigerian boxer Lawrence Okolie has revealed that he planned to stage a fight in Nigeria with heavyweight champion of the world Anthony Joshua. Okolie, ... Read More

CBN provides fresh guidelines on diaspora remittances
Business

CBN provides fresh guidelines on diaspora remittances

Kunle Adeleye- December 3, 2020

The Central Bank of Nigeria (CBN) has issued fresh guidelines on the management and payment of diaspora remittances to recipients, mandating the international money transfer operator (IMTO) to ensure that ... Read More

Business Owners Groan Over Naira Crash
Business

Business Owners Groan Over Naira Crash

Kunle Adeleye- December 3, 2020

Business owners are facing tougher times with the crash of the naira at the parallel market, as local entrepreneurs find it difficult to raise funds ... Read More

NSE: Sell pressure on consumer goods stocks drives market’s retreat to negative territory
Business

NSE: Sell pressure on consumer goods stocks drives market’s retreat to negative territory

Kunle Adeleye- December 3, 2020

The Nigerian Stock Exchange (NSE) had its latest bull run come to a halt on Wednesday as profit-taking in the shares Nigerian Breweries, CAP, GTB ... Read More

How To Invest In Cryptocurrencies For Beginners: Step By Step Guide
Business

How To Invest In Cryptocurrencies For Beginners: Step By Step Guide

Kunle Adeleye- December 1, 2020

Despite the fact that cryptocurrency has only been around for a short time, it’s already expanded into a wide, convoluted field that can be complicated ... Read More

FCMB’s 9-month profit up by 29%, boosted by higher turnover
Business

FCMB’s 9-month profit up by 29%, boosted by higher turnover

Kunle Adeleye- November 30, 2020

FCMB Group Plc said its after-tax profit for the 9-month period to September grew by 29%, relative to the same period of last year as ... Read More

Group urges FG to approve establishment of Nigeria special economic zones projects
Business

Group urges FG to approve establishment of Nigeria special economic zones projects

Kunle Adeleye- November 29, 2020

The Organised Private Sectors Investors Association of Afri­ca Special Economic Zones Projects (OPSIAASEZ), has called on President Muham­madu Buhari to approve the proposed establishment of the Nigeria ... Read More

Hike in onion prices unexplainable – FCT residents
Business

Hike in onion prices unexplainable – FCT residents

Kunle Adeleye- November 29, 2020

Some residents of the Federal Capital Territory (FCT) have lamented the recent hike in the price of onions in the market, saying that most homes ... Read More

CBN injects N25b to fund cassava value chain in 2020
Business

CBN injects N25b to fund cassava value chain in 2020

Kunle Adeleye- November 29, 2020

Central Bank of Nigeria (CBN), yesterday, said it is injecting N25b into the cassava value chain this year.  The move, according to the Apex bank is to curb $600m ... Read More

Poultry Farmers To CBN: Save our industry from collapse
Business

Poultry Farmers To CBN: Save our industry from collapse

Kunle Adeleye- November 28, 2020

Poultry Association of Nigeria (PAN), Ogun State chapter,  has called on the Central Bank of Nigeria (CBN) to save the poultry industry from imminent collapse due to shortage of soybeans and ... Read More

Stanbic IBTC branches out into insurance business
Business

Stanbic IBTC branches out into insurance business

Kunle Adeleye- November 27, 2020

Stanbic IBTC Holdings Plc Friday said it now had in place the go-ahead of regulatory authorities to complete a diversification process that would birth a ... Read More

NSE: Market records weak gain amid fall in liquidity
Business

NSE: Market records weak gain amid fall in liquidity

Kunle Adeleye- November 27, 2020

The Nigerian Stock Exchange recorded a modest gain on Thursday as trade volume fell significantly compared to Wednesday level. Mobil, Guinness and GTB accounted mostly ... Read More

Oil rebounds ends amid hints of bigger output, Bonny light gains $0.24
Business

Oil rebounds ends amid hints of bigger output, Bonny light gains $0.24

Kunle Adeleye- November 27, 2020

Oil slid from its peak levels in seven months on Thursday, with intimations of larger production contributing to end a rebound fuelled by the hope ... Read More

Nigeria could save $5bn annually from local refining – Waltersmith
Business

Nigeria could save $5bn annually from local refining – Waltersmith

Kunle Adeleye- November 27, 2020

Africa’s biggest oil producer could save about $5 billion in foreign exchange every year via increasing local capacity for refining, energy firm Waltersmith Group has ... Read More