Business

Winners have emerged at the Digital Heroes Generation Nigeria competition in Lagos. The competition facilitated by German television station, Deutsche Welle (DW) attracted hundreds of entries from Nigerian journalists, content providers and bloggers who competed in three categories including text, video and picture categories which all focused on environmental preservation. Speaking at the ceremony, Head, DW’s Africa Program, Claus Stacker congratulated …

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Libya and Nigeria, which have both boosted oil production since they were exempt from global cuts this year, may be asked to cap their crude output soon in an effort to help re-balance the market, Kuwait Oil Minister Issam Almarzooq said. OPEC and non-OPEC producers have invited the two African nations to their committee meeting in St. Petersburg, Russia, on …

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Activities on the floor of Nigerian Stock Exchange on Tuesday witnessed an improvement from what was recorded on yesterday, as theAll Share Index (NSE ASI) and Market Capitalization increased by 0.65 percent, while the Year-to-Date return stood at 22.15 percent. Analysis of transactions shows that the All Share Index closed at 32,827.98 against the previous close of 32,614.60 while Market …

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Heritage Bank Plc has described a report making the round that three of its staff were involved in a fraud to the tune of N150 million as reckless and imagination of the writer. A news blog, Per Second News, had on Monday reported that three members of staff of Heritage Bank in connivance with two MTN staff were involved in …

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The Minister of Finance, Mrs Kemi Adeosun, on Monday said that only three million out of 180 million Nigerians possessed insurance policies to protect themselves from uncertainties. Adeosun, who made the disclosure at the ongoing 2017 National Insurance Conference (NIC) in Abuja, noted that insurance was playing critical roles in the economy. The theme of the three-day conference is: “Nigeria …

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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the issue about the review of 41 items not eligible for foreign exchange is still on his table but he can find no justification for importing rice, toothpick, palm oil. Speaking on Arise TV, Emefiele said scarce foreign exchange should set aside for items that cannot be produced in …

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Telecoms group Etisalat has terminated a management agreement with its Nigerian arm and given the business time to phase out the Etisalat brand in Nigeria, Reuters is reporting. Hatem Dowidar, the chief executive of Etisalat International, said the company , with a 45 percent stake in the Nigerian business, is transfering its shares to a loan trustee after the talks …

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As wealth continue to exchange hands among investors on the floor of Nigerian Stock Exchange (NSE), business transaction on Friday ended with 0.32 percent increase, making its two days gains and three days loses for the first week in the new month of July 2017.  The analysis shows that All Share Index (NSE ASI) and the Market Capitalization increased by …

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Foremost African financial institution; Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as ‘Nigeria’s Best Bank & Africa’s Best Bank for SMEs’ during the 2017 Euromoney Awards which held in London on Thursday, July 06, 2017 at the prestigious Tower of London. Now in its 26th year, the Euromoney Awards for Excellence covers more than …

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Manchester City and Super Eagles striker Kelechi Iheanacho is close to making move worth £25 million (about N1.25 billion) to former English Premier League champions Leicester City. According to media reports on Thursday, the 20-year-old is in advanced talks with the Foxes and is thought to be well interested in making the switch. Iheanacho, who has been very impressive for …

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