Wednesday, September 20, 2017
Business

Business

Read the latest news about business in Nigeria

The Nigerian Business Atmosphere for the Week

The economy of Nigeria leaves much to be desired one year after President Muhammadu Buhari took over the helm of affairs.  Stock Market lost N1.732tn in one year under Buhari The Nigerian Stock Exchange crashed by N1.73tn within...

The Trials of a Nigerian Entrepreneur Trying to Make it Abroad

According to Nwagwu the demise of his livelihood was orchestrated a by high wired conspiracy to kill his thriving business and, perhaps, send him back to Nigeria.

Chinese Investors Build Pharmaceutical Park in Ogun State; 4,5000 Nigerians Employed

The Ogun State government and investors from China have signed a Memorandum of Understanding for the establishment of $1 billion hi-tech pharmaceutical park, hospital and a drug manufacturing industry for in the Free Trade...

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,...

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...

This Week’s Focus on the Financial Sector

The report from the Nigerian Stock Exchange for last week implies that the country's financial sector performed woefully because of the long bank holiday from Tuesday to Thursday in commemoration of Eid al-Fitr for 2016....

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...

Nigerian Finance Minister May Apply for World Bank Loan

Nigeria is holding talks with the World Bank to help it fund a forecast $11bn (£7.7bn) budget deficit. However, Finance Minister Kemi Adeosun said in a statement that it was not applying for an "emergency...

Nigerian Business and Economy – Week in Review

The Nigerian economy is being tested on many sides, at the moment, everyone is equally looking forward to how things will turn in the second quarter of the year. Our reporter, Olutayo Irantiola, examined...

Turkish Airlines Moves Forward to Offer More Flights to Nigeria

Turkish Airlines, named Europe's best airline for five years, has announced its decision to increase the number of routes and flights it offers in Nigeria, as well as its new status as Number One...

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...