Business Inside
For latest stories on businesses, start-ups, business policies and strategies.
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Nigeria deep in debt as amount owed reaches N17.36trillion
The Director-General of the Debt Management Office (DMO), Dr Abraham Nwankwo said Nigeria’s total debt as at December 31, 2016…
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NB, UACN lead losses in Nigerian stock exchange
Blue chips such as Nigerian Breweries(NB) and UACN traded southwards on the Nigerian Stock Exchange (NSE) on Thursday, with the…
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Nigeria: Activity in African capital markets shows significant decline in 2016 amidst economic uncertainty-PwC reports
“Continued lack of clarity around foreign exchange risk in Nigeria further discouraged foreign investment” JOHANNESBURG, South Africa 2016 marked a…
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We plan to produce one million tonnes of rice within 3 years- Dangote
Aliko Dangote, President of Dangote Group of Companies, says his company plans to produce one million tonnes of rice within…
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N3.3 trillion recorded by FIRS in 2016
The Federal Inland Revenue Service (FIRS) made a record N3.303 trillion in 2016, its chairman Babatunde Fowler disclosed in Lagos, shredding…
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Oil prices fall on concerns over Iraq, US
Oil prices dipped on Wednesday over concerns that OPEC producers would not be able to maintain their high compliance so…
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Shell, ENI ask FG to lift forfeiture on OPL 245
A Federal High court in Abuja will hear on 27 February a plea by Shell and ENI to lift a…
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OAS Helicopters acquired by AMCON
The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services, known more as OAS Helicopters in Lagos…
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Us to invest $1b into Nigeria’s power sector
Power Africa, an initiative by the US government to light up Africa, on Tuesday said it was planning to invest…
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Hotel owner seeks bailout FUNDS from FG
The National Hotel Association, on Tuesday appealed to the Federal Government to provide bailout funds to save hotel business in…
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