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