Posted in NAIJA BIZ

Dangote Group flags off multibillion global headquarter in Lagos

Dangote Industries Limited has begun rudimentary work on its 18-floor Global Headquarters in Ikoyi, Lagos. The development will relocate the group’s corporate head office situated at…

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If your bank is on this CBN list, your money is safe

The Central Bank of Nigeria (CBN) has released the list of banks operating in Nigeria, as at the 30th of September, 2018. The report which was…

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Polaris Bank set to compete with leading Nigerian banks

The Group Managing Director (GMD) of Polaris Bank Limited, Tokunbo Abiru has assured customers and shareholders that within the next five years, the newly-announced bank has the…

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Cashew export may suffer setback without N13 billion intervention

The Spokesman for National Cashew Association of Nigeria (NCAN), Kehinde Ibikunle has disclosed the group’s need of N13 billion credit facility from commercial banks in Nigeria. Exporters of…

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Ecobank vows to recover debt from Honeywell

Ecobank Nigeria has insisted that it will resist any attempt by one of its debtors, Honeywell Group to employ a “frivolous N72 billion” lawsuit to…

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Godwin Emefiele’s forecast on oil price could be wrong

Governor of the Central Bank of Nigeria, Dr Godwin Emefiele, over the weekend stated that he does not see crude oil trading below $80 per…

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Nigerian firms to refine 20% of crude oil locally

In a statement by the Nigerian Content Development and Monitoring Board, the Federal Government has disclosed plans to soon announce a policy that will require operating…

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CBN waves white flag at MTN once more

Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed today that the $8.1billion which MTN Group Limited is expected to repatriate to Nigeria may…

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World Bank cut down Nigeria’s growth for 2018

The 2018 economic growth forecast for Nigeria and other sub-Saharan countries has been cut down to 2.7% by the World Bank, from the 3.1% it earlier…

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FIRS recovers N3.63bn from Illicit Financial Flows in one year

The Federal Inland Revenue Services (FIRS) said it recovered about N3.63 billion by curbing Illicit Financial Flows between January 2017 and August 2018 in the…

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Jaiz Bank bullish on non-interest banking

Managing Director, Jaiz Bank, Alhaji Hassan Usman has expressed satisfaction with the level of acceptance of non-interest banking in the country. Usman noted that the…

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Adeosun defends Nigeria’s growing debt profile using the metric economists hate to love

Minister of Finance, Kemi Adeosun has assured that Nigeria’s debt level was still sustainable and under control. Reacting to comments credited to IMF Managing Director…

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These are some of the best “Lazy Nigerian Youth” response to Buhari

Nigerians have reacted to the comments made by President Muhammadu Buhari at Commonwealth Business Forum in London accusing much Nigerian youth of laziness. Speaking at the Commonwealth…

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Jumia posts record sales of N225.2 billion in 2017, up 41.8%

Jumia, one of Africa’s leading e-commerce platform has released its full-year 2017 financial statements results. The result shows a Gross Merchandise Volume GMV  growth from…

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mSurvey secures $3.5 million Series A funding

The mobile-first consumer feedback platform for businesses and consumers in Africa mSurvey has announced a Series A funding round of $3.5 million, the new funding led…

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Buhari explains what he wants from Commonwealth States

President Muhammadu  Buhari has used the opportunity of the ongoing Commonwealth Business Forum to call on member states to come up with more beneficial trade…

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BoI offers $1.5 billion to manufacturers, other economic players

The Bank of Industry (BoI) has offered $750 million from international banks and N800 million from the Nigerian Content Board to manufacturers that operate within the…

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Dangote Refinery’s major competition has been identified

Long before the 2020 date that has been set for Dangote Refinery’s commencement of operation, its major competitors have been identified. Interestingly, the competitors are…

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FG announces increment on gas flare penalty

In a gazetted Gas Flare (Prevention of Waste and Pollution) Regulations 2018, released by Nigeria’s Federal Ministry of Petroleum Resources, the Federal Government has announced…

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Hilton launches second Nigerian hotel as Radisson and others scramble for Africa

Hilton Worldwide Holdings Inc., operators of the popular and luxury global hospitality group Hilton Hotels, has opened a new hotel at the Murtala Muhammed International…

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