The Innoson Vehicle Manufacturing Company (IVM) has cried out saying that its efforts to upgrade from 10,000 cars production capacity annually to…
Business News Report
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A high-end seaside development in Nigeria’s megacity of Lagos could be fully operational in the next five years as the West African…
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Oil prices steadied on Wednesday after slipping prices on concerns that Saudi Arabia and Russia will pump more crude in response to…
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Workers in the Public sector are in pensive mood in reaction to the Minister of Labour and Employment Senator Chris Ngige declaration…
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Stock MarketFinanceNews
Share sell off banking stock depressed stock market as investors lost N106.9bn
Trading at the floor of the Nigerian Stock Exchange extended losses from last week into Monday as the All Share Index (ASI)…
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AgricultureBusinessNews
North East security challenges denying Nigeria volume export of sorghum to China
Chinese importers seeking alternative sources of sorghum as risks of a trade dispute with the U.S. linger are finding Nigeria, the world’s…
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Ladol, a logistics hub for the offshore oil industry in Lagos, Nigeria, is mulling a stock-market listing and corporate bonds to expand…
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Ibeto Cement Co. Ltd., a privately owned Nigerian producer of the building material, signed a deal to get $850 million in financing…
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Ecobank shines in South Korea as it recognised and appreciated with two major awards, Africa’s best retail bank and Innovation in Banking…
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Exxon Mobil Corp evacuated non-essential workers from the Lena production platform in the Gulf of Mexico ahead of Subtropical Storm Alberto, the…
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BusinessEconomyNews
Sustainable Devt: World Bank lauds Obaseki’s PPP model, devt solutions, transparency
The World Bank has lauded the Governor Godwin Obaseki’s blueprint for the development of the state, which leverages on the synthesis of…
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MTN Group on Monday said it was perfecting the details of its proposed Nigeria Initial Public Offering (IPO), the News Agency of…
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FinanceBusinessEconomy
Nigeria, China currency swap deal will increase size of Nigeria’s trade deficit with China—Augusto
Indications are that the recent currency swap deal between Nigeria and China will increase the size of Nigeria’s trade deficit with China…
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FinanceBusinessNews
CBN to banks: sell Forex to customers/non customers, BDCs to get dollars days in a week
The Central Bank of Nigeria, CBN, has directed all banks to sell foreign exchange to anyone that is willing to purchase over…
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FinanceEconomyInterview
We will close 2017 Budget in excess of N1.5trn for capital expenditure—Adeosun
Excerpts of media interaction with Minister of Finance Five months into the year, the implementation of 2018 Budget is yet to take…