Category: NAIJA BIZ
Flourmills to pay N2.032 billion total dividend to shareholders
Shareholders of Flourmills of Nigeria Plc, have approved the firm’s N2.032 billion total dividend for the 2017 financial year. The firm is to pay the total dividend which…
Oil workers spoil for showdown, give military ultimatum
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has given the military 24 hours ultimatum to vacate the premises of an oil and…
Here is Nigeria’s ambitious plan to reduce wheat importation soon
As part of efforts to drastically reduce wheat importation into Africa’s largest market (Nigeria), wheat farmers in the country have begun to plant new and…
NAICOM introduces new policy limited to tier-1 firms
In line with its Tier Based Minimum Solvency Capital (TBMSC) policy, the National Insurance Commission (NAICOM) has opened the floor of new licenses to insurance firms under tier-1…
MTN shares take severe pounding as Nigerian woes worsen
MTN South Africa’s share price took a severe pounding yesterday as news broke over a $2 billion back taxes slammed on the company by authorities in…
Internet users in Nigeria hit 103.6 million in July
Internet users in Nigeria increased marginally to 103.6 million in July, the Nigerian Communications Commission (NCC) has said. The NCC disclosed this on Wednesday in its…
Group inducts NSE into its hall of shame
The Nigerian Stock Exchange (NSE) has been inducted into the ‘FOI hall of shame’ of Media Rights Agenda, following accusations that the Exchange is frustrating…
200 Nigerians to benefit from Dangote, VDMA Initiative
No fewer than 200 Nigerians will be beneficiaries of train-the-trainer (didactic & rhetoric) course under Dangote VDMA Initiative on Technical Education and Vocational Training (TEVT). The programme is…
See how MTN Nigeria is refocusing its business model
MTN Nigeria said it has made a slight readjustment to its business model by focusing less on investment in voice facilities and more on data facilities. The…
Food, Agro & Allied Industries set to export agri-products to New Zealand
Federal Government’s commitment to diversify Nigeria’s revenue stream and boosting of economic growth might be paying off as the largest and most modern Sorghum malting…
Firstmonie Agent, now in every neighbourhood
In a bid to drive financial inclusion and deepen financial services across the nooks and crannies of Nigeria through cost-effective channels, First Bank of Nigeria…
Standard Alliance Insurance releases FY 2017 results
Standard Alliance Insurance Plc has released its results for the financial year ended December 2017. Here are highlights of the result. Gross Premium Written Gross…
Nigeria’s crude oil earnings hit $26 billion in 7 months
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria earned about $26 billion in the first seven months of 2018 through the exportation of crude oil. This…
MAN, SON lament over failure of Nigerian products in international markets
The President of the Manufacturers Association of Nigeria (MAN), Dr. Frank Jacobs, over the weekend spoke about the persistent inability of made-in-Nigeria products to do…
Mixed reactions as court stops DSTV from price hike
Justice Nnamdi Dimgba of a Federal High Court sitting in Abuja,yesterday granted an interim injunction halting the hike in DSTV subscription by MultiChoice Nigeria Limited….
Why AG Dangote is pushing for more ‘cement’ roads
AG Dangote Construction, a member of the Dangote Group has advocated for the increased adoption of cement in road construction with cement in the country….
Osun 2018: INEC bars 23 political parties from taking part in governorship election
The Independent National Electoral Commission, INEC, has barred the 23 newly registered political parties from taking part in the September 22, 2018 governorship election in…
CBN releases 2017 report on foreign exchange
The Central Bank of Nigeria (CBN), has said that the aggregate foreign exchange inflow into the country stood at $91 billion in 2017. The bank disclosed…
States owing FIRS N41bn VAT – NEC
The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in value-added tax (VAT). Badaru Abubakar, Governor of Jigawa…
Lagos seals partnership with foreign firm on Light Rail project
The Police Command in Kaduna State said four of its operatives had died during a gun battle with bandits in the state. The Public Relations…
