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SIM registration: MTN cuts off 5.1 million subscribers
More than five million MTN subscribers in Nigeria were on Thursday disconnected from the network after the review of their registration documents, thereby cutting the company’s full-year forecast for...
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European stocks rise on ECB stimulus talk
Europe’s main stock markets rose and the euro slumped on Thursday after the European Central Bank said it would review its monetary policy stance in December, raising expectations of more economic...
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Market cap dips by N60bn
The volatility in the stock market continued on Thursday as selling pressure outweighed bargain hunting, leading equities and indices lower. At the close of trading, the market capitalisation of the...
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Is working longer a viable retirement plan?
The turbulence in the stock and real estate markets during the past five years has effectively forced many older workers to rethink their retirement plans. A large percentage of pre-retirees have seen...
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No plans to sell refineries, JV assets – Osinbajo
Vice President Yemi Osinbajo has said the Federal Government is not currently planning to sell the nation’s four refineries or part of its stakes in joint venture assets in the oil and gas sector. The...
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91 companies bid for NNPC bunkering services
A total of 91 companies have submitted bids to the Nigerian National Petroleum Corporation to secure contracts for the provision of coastal and bunkering vessel services to the national oil firm....
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Work begins on 650,000bpd Dangote refinery
Work on the 650,000 barrels per day Dangote refinery being constructed at the Lekki Free Trade Zone in Lagos is currently at the sand-filling and soil piling stage, while some portions of the complex...
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Guinness Nigeria suffers 76% profit decline
Guinness Nigeria Plc has reported a 76 per cent year-on-year drop in the three months ended September 30, 2015. The company’s results for the period, which is the first quarter of its financial year...
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Afrobev partners SA firm to produce beverage locally
Afrobev, a company specialising in the distribution of beverages in Nigeria, has announced its partnership with a South African firm, the South-West Distilleries, with the aim of producing the beverags...
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APBN to honour outstanding professionals
As part of its weeklong event to promote professionalism in the country, the Association of Professional Bodies of Nigeria, Lagos State Chapter, is set to celebrate outstanding professionals in the...
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Unlocking opportunities in the environment
The economy can accommodate more entrepreneurs than we have today if everyday people know how to identify and convert opportunities in their environment into viable businesses and income earners. The...
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NB plans business forum at fashion festival
Nigerian Breweries and the Heineken brand will be hosting a business series tagged ‘the X Retail Exhibition Space’ during this year’s Lagos Fashion and Design Week. According to a statement from the...
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Making your business relevant in a competitive market
IFE ADEDAPO writes on ways businesses can survive competition The entrepreneurial spirit in many Nigerians has propelled them into one business or the other. As a result, it may be difficult for one...
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Spanish firm to ‘democratise’ soft drinks consumption
A Spanish firm that manufactures non-alcoholic beverages, AJE Group, has said its mission is to democratise the consumption of soft drinks in Nigeria by making sure that everyone can afford the...
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SEC, labour unions take investor education to workers
The Securities and Exchange Commission says it has in partnership with labour unions in the country started a financial literacy and investor education drive targeted at Nigeria workers. According to...
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US, Nigeria, retailers discuss food safety
The United States Department of Agriculture has urged stakeholders in the Nigeria’s food retail business to join the global move towards food safety. The USDA Regional Agricultural Counsellor for...
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Nigeria can earn N3.8bn from shea export – Experts
Experts have said that shea export has the capacity to fetch Nigeria N3.8bn in foreign exchange earnings. This was the conclusion at a recently held shea conference in Abuja attended by stakeholders...
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CBN must devalue naira, ease dollar restrictions – Sanusi
The Central Bank of Nigeria will have to devalue the naira and loosen monetary policy to stimulate the economy hit by a plunge in oil prices, former CBN Governor, Mr. Lamido Sanusi, has said. Sanusi...
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Regulator to reduce banks’ indebtedness to foreign lenders
Following the rising indebtedness of Nigerian banks to their correspondent banks abroad as a result of dollar scarcity in the economy, the Central Bank of Nigeria has begun moves to supply foreign...
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