Friday, November 24, 2017
Business

Business

Read the latest news about business in Nigeria

Nigerian Business Outlook for the Week

#Brexit is also having its toll on the Nigerian market because it has triggered negative sentiments among investors. The stock market is still volatile and people do not know where the pendulum will swing before...

NNPC Quickly Regrouping; Director Announces New Appointments

By Olutayo Irantiola The Minister of State for Petroleum Resources and Group Managing Director for the Nigerian National Petroleum Corporation, NNPC; Emmanuel Ibe Kachikwu has approved new appointments and redeployments. A statement by NNPC, on Thursday, showed...

Germany Demands LNG Supply from Nigeria

Nigeria is arguably one of the most fortunate nations among the black race, particularly on the African continent. The land and environments are blessed with natural resources which are highly important in terms of...

Lekki $450 Million International Airport Plans Snubbed by Investors

After a promising good start to the construction of an international airport in Lekki, thick grass and trees have overwhelmed the three thousand hectares of land stipulated for the project. The project has been abandoned for...

Local Firms Shrink Due to Shortage of Electric Power Supply and Harsh Fund Policy...

The general closure of private firms has become common as a result of the epileptic consistency of two basic components: knowledge of the official foreign exchange rates from banks and electricity supply. The President of the Kaduna Chamber...

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...

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...

NNPC Set to Separate into 30 Companies; Growing Worries Over Fuel Crisis

By Olutayo Irantiola The Group Managing Director of the Nigerian National Petroleum Corporation; Emmanuel Ibe Kachikwu has announced that within the next seven days the corporation will be unbundled into about 30 different companies. Unfortunately, the country has...

Security Challenges Changed Uganda’s Plan of Passing an Oil Pipeline Through Kenya

Kenya and Tanzania are very close countries in the eastern part of Africa. These two countries are interlocked by Uganda, thereby making the three countries form a bow-like piece of land with Burundi and Rwanda...

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...