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Friday, April 23, 2021
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CATEGORY

Business

Again, Nigeria’s Economy Slips Into Recession

Nigeria’s economy has slipped into another recession. The same happened in 2016, making it the second recession in a space of four years. This is according...

Rising Food Prices Raise Nigeria’s Inflation to 14.23% in October

Nigeria’s inflation rate increased by 14.23% (year-on-year) in October 2020, this is 0.06% higher than the rate recorded in September 2020 (13.71%). Rising food prices...

Tax Now Accounts for 70% of Nigeria’s Revenue, Federal Revenue Service Says

Nigeria’s Federal Inland Revenue Service (FIRS) has disclosed that receipts from tax, which were previously supplementary, now account for about 70% of Nigeria’s total...

Buhari reopens border for Dangote, keeps it shut for other businesses: Report

President Muhammadu Buhari has granted Dangote Group a special waiver that would allow the conglomerate transport its products across the Nigerian borders into other...

Amazon Drops French Black Friday Ad Campaign as Lockdown Starts

Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when...

Nigerian Stock Exchange: Top Five List Of Gainers, Losers

The Nigerian Stock Exchange (NSE) market closed with 5,947 deals on Wednesday, October 28, 2020, higher than the 5,283 deals it closed with on Tuesday,...

Lafarge Africa Releases Q3 2020 Financials

Lafarge Africa recorded an impressive return during the third quarter of 2020, as the company's financial statement for this year's Q3 reported Lafarge Africa...

Airtel Africa Surviving On Nigerian Subscribers As Revenue Grows By 10.7%

Nigerian subscribers gave Airtel Africa its highest revenue growth, as the telecommunications company generated $1.815 billion during the period ended September 31, 2020. According...

CBN Deducts N917.5bn From Customers’ Accounts Across Nigerian Banks

Central Bank of Nigeria (CBN) debited customers' accounts in Nigerian banks. The affected banks are Zenith Bank, United Bank for Africa (UBA), Guaranty Trust...

Guinea Insurance Releases Earnings For Q3 2020

Guinea Insurance company recorded a decline in its gross premium written for the year ended September 30, 2020, when compared to the corresponding period...

Latest news

Court temporarily halts re-trial of Orji Uzor Kalu over alleged N17.1bn fraud

A Federal High Court in Abuja has ordered the re-arraignment of former Abia State Governor, Orji Uzor Kalu in an alleged N7.1bn money-laundering charges...

Ayade swears in Justice Akon Ikpeme as Cross River Chief Judge

Twice rejected by the State House of Assembly for being a security threat Justice Akon Bassey Ikpeme was on Monday sworn-in by Cross River...

Court orders forfeiture of Yari’s N284m to FG

A Federal High Court in Abuja on Tuesday ordered a final forfeiture of about N284, 306, 294.04 linked to a former governor of Zamfara,...

Court reverses dismissal of 3 police officers, orders recall

Justice Elizabeth Oji of the Lagos Judicial division of the National Industrial Court has nullified the purported dismissal of Mufutau Olaosun, Temitope Adebayo, and...

Court acquits lawyer of stealing N50.2m from Domino Stores

An Ikeja High Court on Wednesday acquitted a lawyer, Yetunde Sousa, accused of stealing N50.2Million from Dominos Stores and Ozone Cinemas. Delivering judgment, Justice Raliat...
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