Friday, November 24, 2017
Business

Business

Read the latest news about business in Nigeria

Business Review for the Week

As the economy of Nigeria is currently in the doldrums, investigations have continually revealed funds that have not been accounted for. Nigerians are hopeful that the commonwealth will recover. NNPC did not remit N1.1tn in...

Nigerian Business Guide in Perspective

The last week has brought about unprecedented change in the Nigerian business community as the price of Premium Motor Spirit (PMS) was increased by N58.50 per liter. This has resulted in inflation in the price...

The Nigerian Business Climate is Still Foggy – Week in Review

The business climate in Nigeria for 2016 is still hazy despite the ratification of the 2016 budget by President Muhammadu Buhari. Here is an ex-ray on the economy, and some deductive forecasts. FOREX UTILIZATION The Central Bank of...

Chevron Facility Production Shut Down Due to Militant Attack

Production at a Chevron platform in Nigeria has been shut in after militants launched an attack. Chevron told Reuters that its Okan offshore facility in the Western Niger Delta region was “breached by unknown persons”...

Africa Faces Challenges as Businesses Continue to Leave

The fast-growing economies of Africa face headwinds from the pull-back of international banks from the continent, Barclays' erstwhile-chief executive told CNBC, as the bank moves to sell down its business in Africa. Countries like Nigeria,...

Shocking: The Amount Received By Each State as FAAC Allocation in March 2016

Despite reports that Nigeria is cash-strapped to maintain daily business activities, the published report by the National Bureau of Statistics lists how much each state government received from the Federation Accounts Allocation Committee for the month...
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Boko Haram Retreats in Maiduguri; Investors Resale Property to Returnees at Greater Profit Margin

Property investors in the Nigerian city of Maiduguri are benefiting from a rise in property prices following the retreat of Boko Haram fighters. Maiduguri is the largest city in Borno state, once a stronghold of...

Nigerian Business Outlook – Week in Review

The Nigerian business outlook for the week is an analysis of the performances of the various sectors of the economy. Herein are the gains and the pains: Budget Delay Hurting the Economy The delay in signing...

Here’s What You Should Read Before Doing Business in Nigeria: A Guide

Nigerian businesses are in a conundrum at this point in time. Many businesses are at both extremes of the divide; some are making profit while some companies are losing heavily. Some of these profits...

MTN Fine Saga: Not A Deterrent to Nigerian-South African Relationship

So much may have been said concerning the relationship between Nigeria and South Africa, that makes it look as if both countries are in divine cohesion. Regardless of the diplomatic relationship which binds both countries...

Latest Nigerian News

Nigeria @ 56: Economic Recession Won’t Last For Long, Buhari Appeals...

President Muhammadu Buhari has assured Nigerians that his administration would find a lasting solution to the economic recession. Buhari made this known during his Independence...