Category: Business
Neimeth, Oando, Sterling Bank top Wotzup Nigeria stocks watchlist
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
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
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
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’
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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