Thursday, October 22, 2020
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NSE Market cap declines as hoodlums attack Lagos

The Nigerian Stock Exchange (NSE) market indices on Wednesday recorded a marginal decline following wanton attacks by hoodlums in Lagos. Specifically, the market capitalisation which...

Closing our border impacted Nigeria’s economy positively – FG

The Federal Government has stated that the closure of the nation’s borders have had positive impacts on its economy. BusinessLive recalls that the Federal Government...

Nigeria signs air service agreement with India

Nigeria has signed a bilateral aviation agreement with India strengthening aviation ties between the two countries. The agreement comes weeks after Nigeria was added...

Customs generates N367.6bn in 9 months at Apapa Port

The Nigeria Customs Service (NCS), Apapa Command, says it generated a total of N367.6 billion between January and September 2020. The Customs Area Controller, Mohammed...

Stripe acquires Paystack, expands operations into Africa

Stripe, a United States fintech company, has completed the acquisition of Paystack, Nigerian online payment startup. Reports indicate that the deal reportedly worth over $200...

September FAAC: FG, States, LGs share N639.9bn

The Federal Government, states and local government councils have shared N639.901 billion for the month of September 2020. This was revealed by Aliyu Ahmed, Permanent...

Nigeria’s inflation rate now 13.71%

The Nigerian inflation rate rose to 13.71% (year-on-year) in September 2020. This indicates a 0.49% point increase from the 13.22% recorded in August 2020 as...
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News /


Nigeria signs air service agreement with India

Nigeria has signed a bilateral aviation agreement with India strengthening aviation ties between the two countries. The agreement comes weeks after Nigeria was added...

Customs generates N367.6bn in 9 months at Apapa Port

The Nigeria Customs Service (NCS), Apapa Command, says it generated a total of N367.6 billion between January and September 2020. The Customs Area Controller, Mohammed...

September FAAC: FG, States, LGs share N639.9bn

The Federal Government, states and local government councils have shared N639.901 billion for the month of September 2020. This was revealed by Aliyu Ahmed, Permanent...

Companies /


How lower tax provision lifts Zenith Bank performance in H1 2020

Zenith Bank was able to weather the storm brought about by the coronavirus pandemic to emerge one of the lenders that made highest profit...

Friesland WAMCO acquires Nutricima Diary

FrieslandCampina WAMCO Nigeria PLC as acquired Nutricima’s dairy business and has taken possession of the company’s production facility in Ikorodu, Lagos State. With the acquisition,...

Access Bank receives CBN’s nod for conversion to HoldCo

Access Bank Plc has secured the approval from the Central Bank of Nigeria (CBN) to restructure its operating structure from a commercial banking group...

Markets & Economy  /


Closing our border impacted Nigeria’s economy positively – FG

The Federal Government has stated that the closure of the nation’s borders have had positive impacts on its economy. BusinessLive recalls that the Federal Government...

Nigeria’s inflation rate now 13.71%

The Nigerian inflation rate rose to 13.71% (year-on-year) in September 2020. This indicates a 0.49% point increase from the 13.22% recorded in August 2020 as...

NNPC releases 2019 audited financial statement, announces 99.7% loss reduction

The Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement announcing a 99.7% reduction in its loss profile from ₦803bn in...

Investing  /


Why CBD Farming is Booming in 2020

Cannabidiol or CBD production will remain dominant in the 2020 growing season; however, newer cannabinoids, along with those that are used for the crop,...

Akinwunmi Advocates Commercialisation Of Intellectual Property

Mr. Lekan Akinwunmi, Secretary, Business Assets and Intellectual Property Valuation Division of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), has called for...

Ogun NYSC SAED Farm Ready For Harvest

LAGOS  – The National Youth Service Corps (NYSC), Ogun Skills Acquisition and Entrepreneurship Development (SAED) farm is ready to churn out and sell its...

Business Education /


3 ways to manage an unstable income

An unstable income might be hard to live with as this means that one cannot tell how much will be coming in every month....

Business graduates can do with less capital – Ecobank Nigeria MD

The Managing Director of Ecobank Nigeria, Mr. Patrick Akinwuntan has advised young Nigerian graduates to be digitally savvy, imbibe uncommon integrity, deep insights, accountability,...

MTN Foundation donates e-library named after chairman to OAU

To further encourage youth development, education and empowerment in the digital space, MTN Foundation has handed over an e-library to the Obafemi Awolowo University,...

Opinion /


The raging debate over Chinese loan and Nigeria’s sovereignty By Moses AMADI

Borrowing has always been a window of financial opportunity and a veritable platform for critical infrastructure development for both developing and developed nations. A...

Ogun’s strategic efforts on road rehabilitation

One of the cardinal objectives of the present Ogun State government is the provision of infrastructure, under which the rehabilitation and construction of roads...

COVID-19 and 2020 WASSCE

At the last count, over 183 countries, according to John Hopkins University, have been affected in one way or the other by the coronavirus...

Technology /


NITDA to strengthen data protection through new bill

The National Info Technology Development Agency (NITDA), is to send a new Bill on Data Protection to the National Assembly to ensure stringent protection...

NCC issues 13 new landing permits to space stations

The Nigerian Communications Commission (NCC) has issued 13 new landing permits additional space stations to provide satellite services within the country’s territory. The license authorizes...

NCC lifts suspension on spectrum trading pending guidelines

The Nigerian Communications Commission (NCC) has lifted the suspension on spectrum trading, pending the conclusion of an ongoing review of its guidelines. The decision to...

Jobs & Appointments /


Berger Paints appoints Pheobe Obias as CFO

Berger Paints Nigeria has appointed former KPMG Professional Services' big gun, Pheobe Onyinye Obias, as the company's new Chief Financial Officer (CFO). Obias' appointment was...

Platinum bank appoints Abubakar Dikko as board chairman

Platinum Mortgage Bank has appointed Mohammed Dikko Abubakar, a former inspector-general of police (IGP), as its new board chairman. In a statement by Festus Adebayo,...

Stanbic IBTC appoints Oyedeji as Non-Executive Director

The Board of Directors of Stanbic IBTC Bank PLC has appointed Wale Oyedeji as an Independent Non-Executive Director. The appointment takes effect from September 8...

Lifestyle /


Burna Boy is first Nigerian singer with UK silver album

Popular Nigerian musician, Damini Ogulu, aka, Burna Boy, has become the first Nigerian musician with a certified silver album, “African Giant” in the UK. Burna...

‘Keeping Up With The Kardashians’ ending after 14 years on air

The popular reality TV show 'Keeping Up With The Kardashians' will be going off-air in 2021. In a statement released by Kim Kardashian's Instagram page...

Seyi Shay narrates how she escaped auto crash

Nigerian singer Deborah Oluwaseyi Joshua, also known as Seyi Shay, has narrated how she escaped an auto crash in Lagos. The music star in an...

Sports /


Atletico Madrid confirm signing Luis Suarez from Barcelona

Atletico Madrid have confirmed the signing of Barcelona forward Luis Suarez late on Wednesday. The announcement confirms that the Uruguayan striker will to continue playing...

Messi scores twice as Barcelona defeat Girona

Lionel Messi scored twice on Wednesday as Barcelona beat second-division Girona 3-1 in a preseason friendly. Messi also helped set up Philippe Coutinho, back from...

TYLgames collaborates with 9mobile, MTN to offer unique lottery experience

A new gaming platform named TYLgames has partnered with two telecommunication giants, MTN and 9mobile to offer a unique gaming proposition in Nigeria’s lottery...