Category: Business
Four Key Questions On Rising Global Inflation
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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