Business

Nigeria’s external reserves rise by 3.8%

The Central Bank of Nigeria (CBN) on Tuesday released data which showed that the nation’s foreign exchange reserves climbed to $38.49bn, a 3.8 per cent ...

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Subsidy debt: MOMAN threatens to stop fuel importation

Fuel scarcity may resurface in the country following disagreement between the Federal Government and Major Marketers Association of Nigeria (MOMAN) over the outstanding subsidy payment ...

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NSE: Bearish trading persists as index declines by 0.28%

Equities trading at the Nigerian Stock Exchange (NSE) on Tuesday closed on a bearish margin with the major market indicators declining for the fourth straight ...

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Skye Bank former MD hands over to successor

The former Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has formally handed over to his successor, Mr. Timothy Oguntayo, at ...

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New automotive policy: CFAO Motors, Mitsubishi Fuso mull assembly plant in Nigeria

CFAO Motors said the firm is currently conducting a feasibility study on a proposal to set up a Mitsubishi Fuso assembly plant in Nigeria. This, ...

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Yahoo buys app analytics firm Flurry

Yahoo has acquired an app analytics firm, Flurry, to help boost its advertising revenue from smartphones. Flurry helps app developers analyse data about their users ...

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Transcorp to invest $90m in Ughelli power plant

Transnational Corporation Plc, a Nigerian conglomerate with interests in hospitality, agriculture, oil and gas, and power, says it plans to spend $90m to upgrade the ...

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Zenith Bank staff delighted as Jim Ovia returns as Chairman

Since the news broke that the founding Managing Director of Zenith Bank Plc, Mr Jim Ovia, has returned to the board of the bank as ...

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E-Fraud: Enterprise Bank cautions MasterCard holders on code

As a way of guarding against the growing number of cyber crimes, especially when people use their cards to shop online, Enterprise Bank Limited has ...

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Unilever records 48% drop in profit

Unilever Nigeria Plc recorded a 48 per cent drop in profit for the second quarter of the year, the company’s results for the period showed. ...

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