Customs to begin electronic clearance of imported, exported goods

16 November 2019
Customs to begin electronic clearance of imported, exported goods

Nigeria Customs Service (NCS) said it had obtained approval from President Muhammadu Buhari to begin electronic process for clearing imported and exported goods. Comptroller General of Customs, Mr Hameed Ali...

Petrol, diesel imports drop after border closure - NBS

15 November 2019
Petrol, diesel imports drop after border closure - NBS

The nation’s imports of petrol and diesel fell by about 11 per cent and 15 per cent, respectively in September, latest data released by National Bureau of Statistics on Thursday...

Top global designers storm Lagos for ‘Style By Zenith 2.0’ lifestyle fair

14 November 2019
Top global designers storm Lagos for ‘Style By Zenith 2.0’ lifestyle fair

Top global designers and brands will storm Lagos for the “Style by Zenith 2.0” Fair, second edition of Zenith Bank’s anticipated Lifestyle Fair, which holds from Friday, November 29 to...

Cooking gas to sell for N6,000 from N3,500 current price - Marketers

12 November 2019
Cooking gas to sell for N6,000 from N3,500 current price - Marketers

Marketers of Liquefied Natural Gas, LPG, otherwise known as cooking gas, have challenged the current imposition of 75 per cent price hike on the product by federal government. This development...

Border closure boosts Naira at parallel market - Report

11 November 2019
Border closure boosts Naira at parallel market - Report

Closure of the Nigeria’s land borders to its neighbours has kept the value of the naira strong at the parallel market, a new report has shown. Managing Director and Chief...

Alleged N67bn fraud: Contractor threatens court action against Makinde

07 November 2019
Alleged N67bn fraud: Contractor threatens court action against Makinde

An indigenous firm, ENL Consortium Limited, on Wednesday in Abuja, threatened to institute legal action against Governor of Oyo State, Mr Seyi Makinde, over an allegation that the firm jerked...

CBN stops treasury bills’ sale to individuals

07 November 2019
CBN stops treasury bills’ sale to individuals

Central Bank of Nigeria has given a directive to banks and other financial institutions to stop sales of treasury bills to individuals and small firms with effect from November 29....

US’ oil output will surpass combined outputs of OPEC members in just 5 years

06 November 2019
US’ oil output will surpass combined outputs of OPEC members in just 5 years

OPEC's World Oil Outlook for 2019 found that output will fall over the next five years, while America's shale oil production will overtake that of the group. The Organization of...

This is the No. 1 habit self-made millionaires share - and it’s also the most overlooked, says money expert

06 November 2019
This is the No. 1 habit self-made millionaires share - and it’s also the most overlooked, says money expert

Tom Corley There are a handful of things that separate the ultra rich from everyone else: research has shown they tend to exercise regularly, maintain a healthy diet, save 10%...

NNPC to build two new refineries

05 November 2019
NNPC to build two new refineries

Nigerian National Petroleum Corporation has said it is in the process of establishing two new 200,000 barrels-per-day condensate refineries to boost in-country refining capacity. Unlike the conventional refineries, condensate refineries...

1. 4m Nigerians jostle for 5,000 vacancies in Civil Defence

04 November 2019
1. 4m Nigerians jostle for 5,000 vacancies in Civil Defence

Over 1.4 million Nigerians have applied for vacancies in Nigeria Security and Civil Defence Corps (NSCDC). But authorities of NSCDC confirmed that there were vacancies for only 5,000 personnel whose...

McDonald's CEO pushed out after relationship with employee

04 November 2019
McDonald's CEO pushed out after relationship with employee

McDonald’s chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast...

Zenith Bank ignites Lagos with ‘Style by Zenith 2.0’

04 November 2019
Zenith Bank ignites Lagos with ‘Style by Zenith 2.0’

Following the success of the maiden edition, Nigeria’s leading financial institution, Zenith Bank Plc is set to ignite Lagos with the second edition of its highly anticipated Lifestyle Fair, “Style...

You may have a well-paying job, but if you don't do this one thing, you'll never be rich

04 November 2019
You may have a well-paying job, but if you don't do this one thing, you'll never be rich

Jack Kelly One of the best career advice tips I have to offer you has nothing to do with your job. You can have the best job in the world...

ENL Consortium responds to Makinde’s stoppage of N67bn Ibadan project

02 November 2019
ENL Consortium responds to Makinde’s stoppage of N67bn Ibadan project

PRESS RELEASE The attention of ENL Consortium Ltd has been drawn to various reports in the news media suggesting that ENL Consortium Limited was paid N67 billion by Oyo State...

Google buys Fitbit for $2.1 billion

02 November 2019
Google buys Fitbit for $2.1 billion

Google, the company that helped make it fun to just sit around surfing the web, is jumping into the fitness-tracker business with both feet, buying Fitbit for about $2.1 billion....

While crude oil is produced in other countries for less than $10 per barrel, it is more than $35 in Nigeria - Minister

30 October 2019
While crude oil is produced in other countries for less than $10 per barrel, it is more than $35 in Nigeria - Minister

Nigeria must do all within its powers to reduce the cost of crude oil production to help boost revenue generation for economic growth and national development, Minister of State for...

Nigerians are shunning payment via POS in supermarkets, fuel stations, others. This is why

30 October 2019
Nigerians are shunning payment via POS in supermarkets, fuel stations, others. This is why

More Nigerians are now shunning transactions via Point of Sales (PoS) terminals; owing to the implementation of a ₦50 additional charge by merchants, as imposed by Central Bank of Nigeria...

Dangote says fuel from refinery will be transported by road, sea

30 October 2019
Dangote says fuel from refinery will be transported by road, sea

The oil refinery being built by Dangote Group will deliver its fuel to Nigerian consumers by road and seaports, and will effectively replace all of the country’s fuel imports once...

24-year old becomes billionaire overnight

28 October 2019
24-year old becomes billionaire overnight

He's 24 years old. He parties with Rihanna and Bella Hadid. He watches basketball games with Yao Ming. And on Tuesday, he became a billionaire. Eric Tse, who recently graduated...

Zenith Bank reaffirms market dominance, leadership with Q3 2019 results

26 October 2019
Zenith Bank reaffirms market dominance, leadership with Q3 2019 results   

PRESS RELEASE Zenith Bank Plc has announced its unaudited results for the period ended 30 September, 2019, with numbers that clearly demonstrates its market dominance and leadership. From the unaudited...

Bank MDs disclaim MTN on proposed USSD charges

23 October 2019
Bank MDs disclaim MTN on proposed USSD charges

PRESS RELEASE Our attention has been drawn to SMS sent on Saturday 19th October by MTN Nigeria Communications PLC(“MTN”) to customers of banks in Nigeria in respect of the above....

Leaked memo reveals bank MDs lied in claims that they didn’t ask MTN, others to charge for USSD

23 October 2019
Leaked memo reveals bank MDs lied in claims that they didn’t ask MTN, others to charge for USSD

Nigerian banks proposed to telecom companies to charge customers directly for USSD services, a memo seen by TheCable has revealed. This seems to contradict the public denial by bank CEOs...

MTN won’t be allowed to charge subscribers for money transfer - CBN

21 October 2019
MTN won’t be allowed to charge subscribers for money transfer - CBN

Central Bank of Nigeria has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data access to banking services from October 21. Governor of CBN, Mr Godwin...

CBN vows to impose stiffer sanctions on banks that fail to meet Loan-to-Deposit Ratio

19 October 2019
CBN vows to impose stiffer sanctions on banks that fail to meet Loan-to-Deposit Ratio

Central Bank of Nigeria (CBN) has vowed to impose stiffer sanctions on any commercial bank and blacklist customers that flout its minimum loan-to-deposit ratio (LDR) policy focused on increasing lending...

Nigerians to pay taxes on coke, pepsi, malt drinks, others

18 October 2019
Nigerians to pay taxes on coke, pepsi, malt drinks, others

Nigerians should brace for new taxes on soft drinks, Minister of Finance, Budget and Planning, Mrs Zainab Ahmed, said on Thursday. Responding to reporters’ inquisitions on the sidelines of the...

James Hope College acquires American International School Lagos property, offers full scholarship to 40% of students

18 October 2019
James Hope College acquires American International School Lagos property, offers full scholarship to 40% of students

James Hope College (JHC) has announced acquisition of American International School Lagos (AISL) Lekki Campus facility to establish James Hope College in Lagos. This was disclosed at the signing ceremony...

Allow our goods to enter Nigeria, Ghana begs FG

17 October 2019
Allow our goods to enter Nigeria, Ghana begs FG

Ghanaian Foreign and Regional Integration Minister, Mrs Shirley Ayorkor Botchwey, has appealed to the federal government to allow goods from her country into Nigeria. Federal government had closed its borders...

Oil prices extend losses as weak China data compounds U.S.-China trade deal doubts

15 October 2019
Oil prices extend losses as weak China data compounds U.S.-China trade deal doubts

Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China...

6 ways to gracefully handle the most difficult people in your life

14 October 2019
6 ways to gracefully handle the most difficult people in your life

Co-workers or any difficult people in your life don't have to cause you so much angst. The only certainties in life may be death, taxes, and the presence of difficult...

Nigeria set to recover $62bn from oil majors – FG

12 October 2019
Nigeria set to recover $62bn from oil majors – FG

Federal government says it is determined to recover over $62 billion from multi-national oil companies for ‘under-payment’ to the country since 1998. Under the country’s joint operating agreement, Nigeria is...

After decades of search, oil found in northern Nigeria

12 October 2019
After decades of search, oil found in northern Nigeria

Nigerian National Petroleum Corporation (NNPC) says it has discovered hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North Eastern part of...

Uber launches boat service in Lagos

12 October 2019
Uber launches boat service in Lagos

Global ride-hailing firm Uber Technologies Inc on Friday launched a pilot test of a boat service in Nigeria’s commercial capital Lagos to attract commuters seeking to avoid the megacity’s notoriously...

Here's when you should (and shouldn't) apologise at the office

11 October 2019
Here's when you should (and shouldn't) apologise at the office

Express your remorse because you've genuinely grown, not to manipulate and pacify. Done properly, saying "I'm sorry" is a beautiful thing. It does, after all, take courage to admit that...

Four banks make N281bn in 6 months from lending to FG via T-Bills, Bonds

10 October 2019
Four banks make N281bn in 6 months from lending to FG via T-Bills, Bonds

Despite low-yield environment, four leading banks generated N281bn from investing in Treasury Bills and Federal Government bonds in a half year ended June 30, 2019 audited result and accounts. This...

Foreign investment: FG plans visa on arrival policy

10 October 2019
Foreign investment: FG plans visa on arrival policy

Federal Government has disclosed its planned visa on arrival policy to encourage foreign investment in the country. Minister of Foreign Affairs, Mr Geoffrey Onyeama made the disclosure in Namibia after...

Beggars device new means of making money with their wheel-chairs

09 October 2019
Beggars device new means of making money with their wheel-chairs

Some physically-challenged persons in Bauchi have resorted to using their wheelchairs to hawk petty items as against begging for alms as part of efforts to become self-reliant. Our correspondent in...

Nigeria missed the mobile money revolution - Bloomberg

04 October 2019
Nigeria missed the mobile money revolution - Bloomberg

When it comes to banking by phone, Nigeria is way behind its neighbors. Photographer: Bernard Kalu for Bloomberg Markets Every month, Ifeyinwa Abel, the secretary of a Pentecostal church in...

Why grit is more important than IQ when you're trying to become successful

04 October 2019
Why grit is more important than IQ when you're trying to become successful

Lisa Quast You attended the party of a long-time friend and ran into a lot of people from high school that you hadn’t seen in years. During chit-chat over appetizers...

We’ve been collecting unprecedented revenues since border closure - Customs chief

03 October 2019
We’ve been collecting unprecedented revenues since border closure - Customs chief

Comptroller General of Nigeria Customs Service, Mr Hameed Ali, has declared the agency collected N9.2 billion in one day as a result of the ongoing partial border closure exercise by...