Posted in NAIJA BIZ

Nigerian cinemas earn N3 billion in six months

The Nigerian cinemas are raking in sales as it was reported that Nigerians spent N3,124,026,959 billion in cinemas from January to June 2019. Since movie…

Continue Reading...
Posted in NAIJA BIZ

Home ownership: A dream we all dream

As inhabitants on earth, we all nurture and share an individual yearning to own and carve out a section we call our own (home ownership)….

Continue Reading...
Posted in NAIJA BIZ

Trade union mulls industrial action over delayed implementation of the new minimum wage

According to local reports, the newly elected President of the Trade Union Congress (TUC), Quadri Olaleye, disclosed that the union would issue an ultimatum for an…

Continue Reading...
Posted in NAIJA BIZ

Nigeria’s inflation rate drops to 11.22%, lowest in 11 months

Nigeria’s consumer price index, which measures inflation, drops to 11.22% in June 2019. This is revealed in the latest inflation report released, today, by the National Bureau…

Continue Reading...
Posted in NAIJA BIZ

State Governors parted with N33.9 billion to external debt deductions

While Nigeria’s debt profile hits a new high of N24.9 trillion in March 2019, state governors have parted with the sum of N33.9 billion referred…

Continue Reading...
Posted in NAIJA BIZ

Stanbic IBTC issues sober, yet optimistic message after losing N2.5 billion case

After nearly ten whole years of protracted litigation, the Supreme Court recently upheld a ruling requiring Stanbic IBTC Holdings Plc to pay the sum of N2.5 billion…

Continue Reading...
Posted in NAIJA BIZ

Coupon Payments to Sustain Demand Interests on FGN Bonds

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds….

Continue Reading...
Posted in NAIJA BIZ

2 million jobs available for Nigerians in the textile industry – CBN

Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has revealed that the country’s textile industry can create not less than 2 million…

Continue Reading...
Posted in NAIJA BIZ

Foreign companies are threatening to leave Nigeria

Foreign companies in Nigeria owned by Germans, Swiss and Austrians have bewailed the high cost of doing business in Nigeria. The international consortiums said they would…

Continue Reading...
Posted in NAIJA BIZ

CBN acts tough again, gives banks 72 hours ultimatum to resolve customers’ complaints

A few days after the Central Bank of Nigeria (CBN) directed banks to start lending to the real sector of the economy, the apex bank has hit the hammer…

Continue Reading...
Posted in NAIJA BIZ

NLC enters dialogue with Ecobank over disengaged staff

The Nigeria Labour Congress (NLC) has entered into a strategic dialogue with Ecobank Plc for the lender’s non-renewal of the contract of its third-party recruitment agencies….

Continue Reading...
Posted in NAIJA BIZ

FSDH, CSL Stockbrokers, one other argue new CBN’s SDF policy

The new policy of Central Bank of Nigeria (CBN) on Standing Deposit Facility (SDF), has drawn arguments from stakeholders of the country’s financial and banking sectors….

Continue Reading...
Posted in NAIJA BIZ

Businesses boom as South-West States rank top on SMEs in Nigeria

The latest report released by the National Bureau of Statistics (NBS) has revealed that three South-Western States in Nigeria have the highest number of Small and Medium…

Continue Reading...
Posted in NAIJA BIZ

Access Bank’s Chief supports CBN’s new policy to encourage lending

Access Bank Plc’s Chief Executive Officer (CEO), Herbert Wigwe, has thrown his weight behind the new policy the Central Bank of Nigeria (CBN) put in place…

Continue Reading...
Posted in NAIJA BIZ

The NSE closes the week in negative territory

The Nigerian Stock Exchange ended Friday’s trading session in negative territory. The All Share Index closed at 28,566.79 basis points, down 0.51%. Year to date, the…

Continue Reading...
Posted in NAIJA BIZ

Why telcos should double $70 billion investments – NCC

The Nigerian Communications Commission (NCC) has tasked licenced Mobile Network Operators (MNOs) to double their telecom investments from $70 billion to $140 billion over the next 10 years. According to…

Continue Reading...
Posted in NAIJA BIZ

Ecobank’s head office shut over workers’ sack

Ecobank Nigeria Plc workers under the auspices of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), have shut down the headquarters of the…

Continue Reading...
Posted in NAIJA BIZ

The number of poor Nigerians increased by 13.9% in 10 years – UNDP

The number of ‘Multi dimensionally poor’ Nigerians increased from 86 million to 98 million between 2007 and 2010. This is according to the 2019 global…

Continue Reading...
Posted in NAIJA BIZ

FG spent highest on commercial loans in servicing external debt in Q1 2019

Commercial loans gulped the largest chunk of the $357.26 million the Federal Government spent on external debt servicing in the first three months of the year…

Continue Reading...
Posted in NAIJA BIZ

Nigeria’s power company secures $1.6 billion to boost power sector

The Transmission Company of Nigeria (TCN), has confirmed that it received about $1.661 billion worth of investments from international donors to boost power supply in Nigeria. The company’s Managing…

Continue Reading...