Category: Business

Nigerian Breweries declares N0.25 interim dividend after nine-month profit fell by N5bn
Business

Nigerian Breweries declares N0.25 interim dividend after nine-month profit fell by N5bn

Kunle Adeleye- October 31, 2020

Nigerian Breweries Plc Thursday said it would pay its shareholders an interim dividend of N0.25 on every unit of common stock held by its shareholders. ... Read More

Deficit expected in rice supply, as Millers to shut plants over looting by hoodlums
Business

Deficit expected in rice supply, as Millers to shut plants over looting by hoodlums

Kunle Adeleye- October 30, 2020

Rice millers under the aegis of Rice Millers Association of Nigeria (RIMAN), have cried out over the looting of its plants in parts of the ... Read More

Exxon Mobil to cut 14,000 jobs as  Coronavirus hurts oil demand
Business

Exxon Mobil to cut 14,000 jobs as Coronavirus hurts oil demand

Kunle Adeleye- October 30, 2020

Exxon Mobil has announced it might reduce its workforce by 15% worldwide, including profound white-collar staff cuts in the U.S. as the coronavirus pandemic weakens ... Read More

MTN Nigeria 9-month profit falls by 3.3 percent to N144bn
Business

MTN Nigeria 9-month profit falls by 3.3 percent to N144bn

Kunle Adeleye- October 29, 2020

The profit of MTN Nigeria for the 9 month period to September 2020 declined by 3.3% to N144.239 billion compared to the same period of ... Read More

States to get $2m each from World Bank for property record update
Business

States to get $2m each from World Bank for property record update

Kunle Adeleye- October 29, 2020

Nigerian states will get $2 million each from the World Bank in grant to help them update their property records provided they succeed in capturing ... Read More

U.S. consulate opens application for 2020 Academy for Women Entrepreneurs
Business

U.S. consulate opens application for 2020 Academy for Women Entrepreneurs

Kunle Adeleye- October 29, 2020

The United States consulate general on Tuesday announced a call for applications for the 2020 Academy for Women Entrepreneurs, an initiative of the U.S. government ... Read More

Dangote seeks total ban on tomato importation
Business

Dangote seeks total ban on tomato importation

Kunle Adeleye- October 24, 2020

Dangote Tomato Processing Company has requested the Nigerian government to place a ban on importation of tomato paste into the country. Its managing director, Abdulkarim ... Read More

iPhone 12, iPhone 12 Pro, and iPad Air orders have begun
Business

iPhone 12, iPhone 12 Pro, and iPad Air orders have begun

Mariam Ayodeji- October 16, 2020

Preorders began today for three major new Apple products: the iPhone 12, iPhone 12 Pro, and iPad Air. All these devices are available for order ... Read More

FG, states, LGAs share N639.9bn in September
Business

FG, states, LGAs share N639.9bn in September

Kunle Adeleye- October 16, 2020

The Federal, states and local government councils on Thursday shared a total of N639.9billion as revenue allocation for September. The Federation Accounts Allocation Committee (FAAC) ... Read More

Stripe has acquired Nigeria Paystack
Business

Stripe has acquired Nigeria Paystack

Mariam Ayodeji- October 16, 2020

Stripe has announced that it has agreed to acquire Paystack, a Nigerian technology startup based in Lagos that makes it easy for organizations of all ... Read More

Fiscal commission recovers N474m excise duty from Guinness Nigeria
Business

Fiscal commission recovers N474m excise duty from Guinness Nigeria

Kunle Adeleye- October 14, 2020

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Monday said it had retrieved a previously unremitted  excise duty  worth N474 million from beer maker, ... Read More

Naira falls across forex markets as dollar supply eases
Business

Naira falls across forex markets as dollar supply eases

Kunle Adeleye- October 14, 2020

Naira depreciated against the United States dollar at various segments of the foreign exchange market on Monday. The local currency closed at N460 to a ... Read More

Nigerian govt extends suspension of power tariff hike by one week
Business

Nigerian govt extends suspension of power tariff hike by one week

Kunle Adeleye- October 13, 2020

The Nigerian government has directed electricity distribution companies (Discos) to prolong the suspension of new electricity tariffs by a week. James Momoh, chair of the ... Read More

Oil prices slip as supply fears ease, Bonny Light up by $0.30
Business

Oil prices slip as supply fears ease, Bonny Light up by $0.30

Kunle Adeleye- October 13, 2020

Oil prices weakened on Monday as Libya removed force majeure on its biggest oilfield, a Norwegian industrial action hindering production came to a halt and ... Read More

NSE: Int’l Breweries, Mansard, Flour Mills top losers as market sheds N41bn
Business

NSE: Int’l Breweries, Mansard, Flour Mills top losers as market sheds N41bn

Kunle Adeleye- October 13, 2020

The Nigerian Stock Exchange (NSE) contracted by N40.673 billion on Monday as profit-taking actions deepened. The Insurance Index was the day’s worst performer of the ... Read More

FIRST HALF 2020: Lagos records one-third of N613BN IGR for FCT,  36 States
Business

FIRST HALF 2020: Lagos records one-third of N613BN IGR for FCT, 36 States

Kunle Adeleye- October 7, 2020

The National Bureau of Statistics (NBS) says Lagos State recorded the highest Internally Generated Revenue (IGR) of N204.51billion in the first half of 2020. NBS ... Read More

Discover these simple steps to start fish farming in Nigeria
Business

Discover these simple steps to start fish farming in Nigeria

Kunle Adeleye- October 3, 2020

How to start fish farming can be compare to building process, starting from the foundation to the top. Just relax your mind, the process of ... Read More

#BBNaija2020: Nengi, Vee and Neo emerge as top three housemates in finale
Gist, Business

#BBNaija2020: Nengi, Vee and Neo emerge as top three housemates in finale

Paul Fakayejo- September 14, 2020

Three housemates; Neo, Vee and Nengi have secured a spot in the finale of Big Brother Naija, BBNaija reality show. The housemates got a spot ... Read More

COVID-19: UK goes into recession first time in 11 years
Business

COVID-19: UK goes into recession first time in 11 years

Mariam Ayodeji- August 12, 2020

The United Kingdom, UK, has officially fallen into recession for the first time in 11 years because of the tremendous impact of the coronavirus pandemic. ... Read More

Access Bank Excites Female SMEs across Africa with Womenpreneur Pitch-A-Ton Second Edition (Videos)
Business

Access Bank Excites Female SMEs across Africa with Womenpreneur Pitch-A-Ton Second Edition (Videos)

Super Wotzup- July 28, 2020

As part of its promise to continuously provide financial and business skills to female entrepreneurs, leading retail bank in Nigeria, Access Bank Plc has unveiled ... Read More