FG plans to involve youths in export business - NEPC

22 May 2019
FG plans to involve youths in export business - NEPC

A major corporate focus of Nigerian Export Promotion Council, NEPC, in the coming months, will be systematic involvement of many Nigerian youths in exporting Nigerian products to African countries and...

Soon, you won’t need to own gas cylinders to buy cooking gas. Here’s how

22 May 2019
Soon, you won’t need to own gas cylinders to buy cooking gas. Here’s how

Federal Government is coming up with a policy that will remove ownership of Liquefied Petroleum Gas (cooking gas) cylinders from consumers. It stated that the move would help deepen the...

Niger state gov’s dad, 10 others revealed as owners of MTN Nigeria

20 May 2019
Niger state gov’s dad, 10 others revealed as owners of MTN Nigeria

Last Saturday’s listing of MTN Nigeria shares on Premium Board of Nigerian Stock Exchange (NSE) has made it possible to identify shareholders of the telecoms firm. Many Nigerians believed the...

Shake-up in NNPC, subsidiaries, as 50 top managers lose positions

20 May 2019
Shake-up in NNPC, subsidiaries, as 50 top managers lose positions

There has been a massive reorganisation of top management staff of Nigerian National Petroleum Corporation, as about 50 senior personnel of the oil firm and its subsidiaries have either been...

Oil surges after OPEC indicates it will maintain output cuts

20 May 2019
Oil surges after OPEC indicates it will maintain output cuts

Oil rose to multi-week highs on Monday after OPEC indicated it will likely maintain production cuts that have helped support prices this year, while tensions continued to escalate in the...

FG to collect VAT on online transactions - FIRS

19 May 2019
FG to collect VAT on online transactions - FIRS

Federal Inland Revenue Service ((FIRS) plans to extend Value Added Tax (VAT) to online transactions soon, according to chairman of the agency, Mr. Babatunde Fowler. He said in New York...

MTN listing on NSE increases market value by N1.8trn

17 May 2019
MTN listing on NSE increases market value by N1.8trn

Listing MTN Nigeria Communications Plc on Nigerian Stock Exchange, NSE, yesterday, boosted market capitalisation by N1.8trillion, even as the limited supply of the shares constrained deals. Consequently, NSE market capitalisation...

I interviewed 100 of the world’s wealthiest people and learned 4 tricks that explain how the super-rich get to the top - and stay there

17 May 2019
I interviewed 100 of the world’s wealthiest people and learned 4 tricks that explain how the super-rich get to the top - and stay there

Greg Reid • Greg Reid interviewed 100 of the world's richest people — from entertainment pioneers to real estate tycoons — to find out how they built their wealth and...

NSE approves price for MTN share

15 May 2019
NSE approves price for MTN share

Nigerian Stock Exchange on Tuesday approved the listing of MTN Nigeria shares on the nation’s bourse. A senior management at NSE, who pleaded anonymity, said MTN Nigeria’s application for listing...

No money to start? No problem. Try these 5 options to fund your business

15 May 2019
No money to start? No problem. Try these 5 options to fund your business

Sujan Patel Follow these simple guidelines to fund the business of your choosing for little to no capital. As mentioned previously, you can use sites such as Fiverr or Elance...

Buhari reappoints Emefiele CBN gov for second term

10 May 2019
Buhari reappoints Emefiele CBN gov for second term

Central Bank of Nigeria (CBN) Governor Godwin Emefiele has been reappointed for a five-year tenure by President Muhammadu Buhari. The news of his reappointment was broken when Senate President Bukola...

Emir of Kano, others appointed into MTN Board

04 May 2019
Emir of Kano, others appointed into MTN Board

MTN Group has announced significant changes to its Board of Directors with the Emir of Kano, Mr Sanusi Lamido Sanusi, getting on the board by July 1, 2019. Another Nigerian,...

O'dua group appoints new MD/CEO for Western Hotels

03 May 2019
O'dua group appoints new MD/CEO for Western Hotels

Odua Investment Company Ltd, holding company for the joint investments owned by the 6 States of southwest has announced the appointment of Mr Abimbola Alagbe as new Managing Director/CEO of...

Nigeria finding it difficult to sell crude oil in international markets - Report

02 May 2019
Nigeria finding it difficult to sell crude oil in international markets - Report

About 15 to 20 cargoes of Nigerian crude oil from the April loading programme remain unsold despite the cut in selling prices. Some of those cargoes are expected to be...

Here's how to know workers who’ll quit 9 months in advance

02 May 2019
Here's how to know workers who’ll quit 9 months in advance

Jessica Stillman • A new survey of 34 million employees in 125 countries carried out by employee engagement platform Peakon insists it's possible to know who in your office will...

Economy bleeds, households in darkness, as power generation drops by half

30 April 2019
Economy bleeds, households in darkness, as power generation drops by half

Nigeria’s economy over the weekend witnessed a major setback as consumers – individuals, households, companies and others experienced prolonged power outages, following a huge drop of power supply from 4,000...

Nigeria’s oil exports plunge as oil companies declare force majeure

30 April 2019
Nigeria’s oil exports plunge as oil companies declare force majeure

Exports of Nigerian crude oil have suffered a significant disruption as two international oil companies operating in the country declared force majeure on two crude grades. Force majeure is a...

CBN to withdraw dirty, mutilated notes from circulation

29 April 2019
CBN to withdraw dirty, mutilated notes from circulation

A large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, Central Bank of Nigeria (CBN)...

Oil falls after Trump urges greater OPEC output to replace Iranian oil

29 April 2019
Oil falls after Trump urges greater OPEC output to replace Iranian oil

Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact...

Having this ‘red-flag’ personality trait could make you lose employment opportunities

29 April 2019
Having this ‘red-flag’ personality trait could make you lose employment opportunities

Nancy Wang has been a hiring manager at both Google and Amazon, two companies that get their pick of the best and brightest candidates in tech. She says the most...

MTN Nigeria Limited changes to Plc

25 April 2019
MTN Nigeria Limited changes to Plc

MTN Nigeria says it has completed its conversion from a private company to a public company. The telecom company, in a statement on Wednesday, said the conversion to a Plc...

Bitumen, in abundance locally, leads Nigeria’s import chart

24 April 2019
Bitumen, in abundance locally, leads Nigeria’s import chart

The shipping position emanating from Nigerian Ports Authority, NPA, showed that a total of 5.491million metric tonnes of bitumen, a petroleum bye-product, was brought into the country in April, 2019....

Oil prices jump as U.S. set to end Iran import sanction waivers

22 April 2019
Oil prices jump as U.S. set to end Iran import sanction waivers

Oil prices rallied by more than 2 percent on Monday to levels not seen since November 2018 as a Reuters source familiar with the matter confirmed a report that Washington...

Electricity consumers, workers back move to break Discos’ monopoly

22 April 2019
Electricity consumers, workers back move to break Discos’ monopoly

Electricity consumers and workers have expressed support for the move by Nigerian Electricity Regulatory Commission to break the natural monopoly being enjoyed by distribution companies. NERC released last week a...

Nigerians abroad send home $24.3bn

17 April 2019
Nigerians abroad send home $24.3bn

Diaspora remittances to Nigeria stood at $24.3 billion last year. It was the highest remittance to any country in sub-Saharan Africa and an increase of more than $2 billion compared...

3 signs your business will collapse, taken from startups that failed

16 April 2019
3 signs your business will collapse, taken from startups that failed

Lucas Miller • Your startup has a statistically unfavorable road ahead, as history shows 75 percent of venture-backed startups fail. • How your particular startup performs over the long run...

Nigeria’s daily petrol consumption increased by 10m litres in 2 years - PPPRA

15 April 2019
Nigeria’s daily petrol consumption increased by 10m litres in 2 years - PPPRA

Petroleum Product Pricing Regulatory Agency has put the country’s daily supply of Premium Motor Spirit, otherwise known as petrol, at 56 million litres. In a statement signed and made available...

Here’s why Jeff Bezos is so comfortable with failure

15 April 2019
Here’s why Jeff Bezos is so comfortable with failure

Allana Akhtar Despite achieving significant success for Amazon this year, Jeff Bezos told his shareholdersto embrace failure in the coming months. While the tactic may seem counterproductive, experts and CEOs...

Fuel queues return in Lagos

13 April 2019
Fuel queues return in Lagos

Filling stations in some parts of Lagos experienced queues on Friday amid a supply hitch that slowed down the distribution of Premium Motor Spirit (petrol). Our correspondent learnt on Friday...

Why sleeping at work could actually make you better at your job

13 April 2019
Why sleeping at work could actually make you better at your job

Jamie Gruman In days gone by, when our economy was dominated by agriculture and manufacturing, an employee’s value was gauged by their inputs. If they slacked off by not placing...

FG, states spent N428bn to service external debt in 2018

11 April 2019
FG, states spent N428bn to service external debt in 2018

Federal government and the 36 states spent N428.4 billion to service external debt amounting to N7.76 trillion ($25.3 billion) in 2018. The amount spent on external debt services represents 4.7...

Oil edges higher amid tightening global supply, gains capped by economic slowdown

10 April 2019
Oil edges higher amid tightening global supply, gains capped by economic slowdown

Oil prices crept higher on Wednesday, supported by supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela, but restricted by expectations that an economic...

Zenith Bank appoints new head

09 April 2019
Zenith Bank appoints new head

Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as Group Managing Director/CEO of the bank effective June 1, 2019, subject to Central Bank of Nigeria (CBN) approval....

Lagos, 3 other states owe over half of states’ foreign debt - DMO

08 April 2019
Lagos, 3 other states owe over half of states’ foreign debt - DMO

Four states of the federation - Lagos, Edo, Kaduna and Cross River - dominate the list of sub-national governments indebted to foreign bodies, statistics obtained from Debt Management Office, has...

Energy poverty and the rise of off-grid energy in Africa

05 April 2019
Energy poverty and the rise of off-grid energy in Africa

On any given day, lobbyists, lawyers, and business people in marble offices on Washington’s historic K street utilize the same amount of energy as the entire nation of Liberia. And...

Oil prices mixed, Brent edges up toward $70 level

04 April 2019
Oil prices mixed, Brent edges up toward $70 level

Oil prices were mixed on Thursday, with Brent edging higher toward the psychologically important $70 level after easing in the previous session on data showing a surprise build in U.S....

N10 trillion wasted on fuel subsidy in 4 years - BudgIT

02 April 2019
N10 trillion wasted on fuel subsidy in 4 years - BudgIT

BudgIT, a leading civic organization that applies technology to intersect citizen engagement with institutional improvement, to facilitate societal change, has asked President Muhammadu Buhari to remove fuel subsidy. The group...

Nigerians spend N8.34bn daily on GSM airtime

28 March 2019
Nigerians spend N8.34bn daily on GSM airtime

Subscribers to mobile telecommunications services in Nigeria spent about N767.23bn on airtime purchase from November 2018 to January 2019, representing N8.34 billion daily, investigations have revealed. This figure is based...

CBN slashes interest rate

27 March 2019
CBN slashes interest rate

Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) from 14.0 per cent to 13.5 per cent. Governor of the bank, Mr. Godwin Emefiele, disclosed this, in...

I lived in Japan for 20 years and saw business there change in 7 big ways

25 March 2019
I lived in Japan for 20 years and saw business there change in 7 big ways

Adrian Shepherd I first stepped off the plane into Japan back in 1994 into Osaka airport, back when Kansai International Airport was still being built. I had no idea what...