Category: Business

Four Key Questions On Rising Global Inflation
Business

Four Key Questions On Rising Global Inflation

Kunle Adeleye- June 18, 2021

Inflation is surging worldwide, making markets nervous that it could derail a post-pandemic economic recovery by putting pressure on central banks to consider pulling stimulus ... Read More

IMF urges Nigeria to increase company tax
Business

IMF urges Nigeria to increase company tax

Kunle Adeleye- June 15, 2021

The International Monetary Fund (IMF) on Monday urged Nigeria and other African countries to tax the private sector more in order to grow the economy. ... Read More

Governors face tough decisions, as only 3 Nigerian states can generate up to 50% of their running costs
Business

Governors face tough decisions, as only 3 Nigerian states can generate up to 50% of their running costs

Kunle Adeleye- June 7, 2021

Nigerian state governors are in a difficult position and far from fiscal sustainability as a result of decreasing revenue from the federal account. As a ... Read More

Nigeria’s foreign trade rises to N9.75tn in Q1 2021
Business

Nigeria’s foreign trade rises to N9.75tn in Q1 2021

Kunle Adeleye- June 6, 2021

Nigeria’s total foreign trade for the first quarter (Q1) of 2021 rose to N9.75 trillion, representing a 6.99 per cent increase over the value recorded ... Read More

5 Great Restaurants in Lagos Mainland
Business

5 Great Restaurants in Lagos Mainland

Kunle Adeleye- May 23, 2021

As the most populous city in Nigeria, Lagos is one of Africa’s most eclectic mega-cities and the country’s definitive city of culture, thanks to its ... Read More

Bitcoin Stabilises At $41,600, As European Stocks Show Improvement
Business

Bitcoin Stabilises At $41,600, As European Stocks Show Improvement

Kunle Adeleye- May 20, 2021

European stock markets recovered a bit Thursday from slumps the previous day, with investors comforted by brighter economic outlooks and easing coronavirus concerns, analysts said. ... Read More

Nigerian stocks add N34 billion as bull run continues
Business

Nigerian stocks add N34 billion as bull run continues

Kunle Adeleye- May 12, 2021

Nigerian rose lifted by 0.18 per cent on Tuesday, further stretching a gaining streak that began on Friday. Investors’ interest in the shares of Presco, ... Read More

Dangote Cement to pay N40.39bn tax to nation’s treasury
Business

Dangote Cement to pay N40.39bn tax to nation’s treasury

Kunle Adeleye- May 4, 2021

Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first ... Read More

Wema Bank records N13.51ben revenue shortfall as loan restructure, moratorium bites
Business

Wema Bank records N13.51ben revenue shortfall as loan restructure, moratorium bites

Kunle Adeleye- April 27, 2021

Wema Bank was unable to escape the impact of COVID-19 on its earnings as the bank suffered revenue loss last year, a financial statements released ... Read More

FG, States, LGAs share N681.3bn for March
Business

FG, States, LGAs share N681.3bn for March

Kunle Adeleye- April 24, 2021

Federal, states and local government councils on Friday shared N681.33billion as revenue allocation for March. The Federation Accounts Allocation Committee (FAAC) disclosed this in a ... Read More

Explainer: From China to Brazil, all you need to know about Nigeria’s debts to countries
Business

Explainer: From China to Brazil, all you need to know about Nigeria’s debts to countries

Kunle Adeleye- April 24, 2021

On Wednesday, the senate gave a go-ahead to the Federal government to borrow another $1.5 billion and 995 million euros from World Bank, the Export-Import ... Read More

Nigeria’s stock market Investors gain N90bn. Sovereign Insurance, Stanbic among top gainers
Business

Nigeria’s stock market Investors gain N90bn. Sovereign Insurance, Stanbic among top gainers

Kunle Adeleye- April 24, 2021

Investors in Nigeria’s stock market gained over N90 billion as the bourse maintained its bullish run on Friday. The equity capitalisation also increased from N20.47 ... Read More

Nigeria business environment over-regulated – NESG
Business

Nigeria business environment over-regulated – NESG

Kunle Adeleye- April 21, 2021

The Chairman of the Nigerian Economic Summit Group (NESG), Asue Ighodalo, said on Tuesday the Nigerian business environment is over-regulated by the Federal Government. READ ... Read More

Access Bank to acquire majority stake in Botswana’s fifth-largest bank
Business

Access Bank to acquire majority stake in Botswana’s fifth-largest bank

Kunle Adeleye- April 20, 2021

One of Nigeria’s biggest banks, Access Bank has concluded plans to acquire a majority stake in Botswana’s African Banking Corporation as it seeks to entrench ... Read More

Investors increase investment in capital market as MTN, Fidelity Bank lead trading
Business

Investors increase investment in capital market as MTN, Fidelity Bank lead trading

Kunle Adeleye- April 20, 2021

On Monday, trading closed high as share value appreciated by 0.10 percent to end with 38,848.02 All Share Index, higher than last week’s 38,808.01 ASI. ... Read More

“I love you now and forever” – Toyin Abraham gushes over her husband and marriage
Business

“I love you now and forever” – Toyin Abraham gushes over her husband and marriage

Mariam Ayodeji- April 19, 2021

Nollywood shinning star, Toyin Abraham gushes over her husband, Kolawole Ajeyemi, and how beautiful her marriage has been so far. The mother of one can not help but ... Read More

Lagos, Rivers Top List As States’ IGR Drop By N20bn In 2020
Business

Lagos, Rivers Top List As States’ IGR Drop By N20bn In 2020

Kunle Adeleye- April 17, 2021

The trio of Lagos, Rivers, and the Federal Capital Territory (FCT) have topped the list of states with the highest amount of Internally Generated Revenue ... Read More

Dangote blames retailers for high cost of cement
Business

Dangote blames retailers for high cost of cement

Kunle Adeleye- April 15, 2021

Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin, has expressed surprise that its cement products are sold at an higher price ... Read More

BUA receives active refinery license to compete with Dangote
Business

BUA receives active refinery license to compete with Dangote

Kunle Adeleye- April 15, 2021

The Department of Petroleum Resources has revealed that BUA group received a license renewal with 27 other investors. The agency had posted the names of ... Read More

NSE ROUNDUP: Easter holiday affect stock market activities, drag capital investment down
Business

NSE ROUNDUP: Easter holiday affect stock market activities, drag capital investment down

Kunle Adeleye- April 4, 2021

The stock market closed for the week on Thursday due to the Easter break announced for Friday, April 2, 2021 and Monday, April 5, 2021. ... Read More