Business
Charles and Alex also known as TwoSG on their business of producing health drinks

We should all eat fruits and vegetables because they provide health benefits, they can reduce the risk of getting diseases like cancer and heart diseases, and they also provid...

Guardian Nigeria Business
Kaduna refinery dormant, PH, Warri producing below 30% — NNPC

Okechukwu Nnodim There seems to be no end in sight to the downward operational performance of Nigeria’s refineries since the beginning of 2017 despite several interventions...

Punch Business
Strategic steps to grow local capacity

Chukwuemeka Fred Agbata Jnr. One country that I have often referred to here is Taiwan because of how it has evolved over the years to become a technology powerhouse now. I bel...

Punch Business
There’ll be no rest until we can feed Africa – Adesina

The President of the African Development Bank and a former Minister of Agriculture, Dr. Akinwumi Adesina, who received the 2017 Norman E. Borlaug World Food Prize last week, s...

Punch Business
Jos Disco sacks 500 workers, 15 electricity thieves jailed

Friday Olokor No fewer than 15 persons have been prosecuted by the Jos Electricity Distribution Company for bypassing meters and vandalising electricity transformers in Benue,...

Punch Business
Banking sector remains positive

…as NSEASI Sheds 0.65% Bearish sentiments dominated the Nigerian equities market this week as the market closed the week down. The NSEASI shed 0.65% in the week, settling th...

Punch Business
10 power plants lose 1,693MW to line problems

’Femi Asu While gas shortage was largely responsible for the poor electricity experienced in the country last year, power generation is now being hampered by frequency manag...

Punch Business
Institute advocates quick payment policy for MSMEs

Ozioma Ubabukoh and Ife Ogunfuwa The Institute of Credit Administration Nigeria has called on government and organisations doing business with Micro, Small and Medium Enterpri...

Punch Business
Federal Government lowers 2017 economic growth projection

What shaped the past week? Global Markets:   Global markets were mixed this past week amidst continued geopolitical tensions, macro-economic events and earnings releases. As...

Punch Business
Stakeholders plan talk on doing business in Nigeria

Professional business advisors have concluded plans to hold talks designed to empower stakeholders with the requisite knowledge on how to optimally do business in various sect...

Punch Business
Bitcoin nears record $100bn value

The world’s most prominent digital currency was on track to mark a fresh milestone on Friday, with bitcoin rallying and putting the cyber currency in position to hit a total...

Punch Business
Customer satisfaction and the future of banking

As the Customer Service Week comes and goes every year, most organisations roll out the decorations and treat their customers to a week-long show of celebrating them and maybe...

Guardian Nigeria Business
We contributed $29bn to Nigeria in four years – Shell

Simon Utebor, Yenagoa Shell Petroleum Development Company has said that its economic contribution to the Nigerian government in four years is $29bn. The company’s General Ma...

Punch Business
FG to spend N15bn on solid mineral exploration

Stanley Opara with agency report Nigeria plans to spend N15bn ($42m) next year to explore for solid minerals and attract investors into mining and reduce its dependence on oil...

Punch Business
Nigeria on track for global aviation growth – Demuren

Maureen Ihua-Maduenyi A former Director-General of the Nigerian Civil Aviation Authority, Dr. Harold Demuren, has said that despite the challenges facing the nation’s aviati...

Punch Business
Skye Bank, First Bank to take over Evans Medical

Stanley Opara Evans Medical Plc, on Friday, informed its shareholders and other stakeholders as well as the Nigerian Stock Exchange of the move by Skye Bank Plc and First Bank...

Punch Business
Federal Government targets N3.6 trillion investments in oil, gas infrastructure

Federal Government has renewed its commitment to attract over $10 billion (N3.6 trillion) to the Niger Delta between 2017 and 2019 through investments in infrastructure...

Guardian Nigeria Business
FG gets $29 billion from SPDC as NDDC gulps $1.8b in four years

Oil giant- Shell Petroleum Development Company (SPDC) and its Joint Venture (JV) partners contributed $29 billion to the Nigerian government between 2012 and 2016...

Guardian Nigeria Business
Operators kick over exclusion from national broadband council

Key stakeholders in the country’s information and communications technology have been left out in the newly reconstituted Nigeria National Broadband Council...

Guardian Nigeria Business
Med-view set for Dubai operations, decorates pilots

Med-view airlines Plc is set to commence flight operations between Lagos and Dubai by the end of the year following a recent approval by the United Arab Emirates’ (UAE) auth...

Guardian Nigeria Business
Experts hinge aviation growth on zero per cent interest loans

Stakeholders in the aviation sector have called for special interventions, especially a zero per cent interest loan facility, to drive Nigerian aviation industry in the next 3...

Guardian Nigeria Business
SON flays importation of ‘made in Nigeria’ goods

The Standard Organisation of Nigeria (SON) has expressed dismay that some importers could be bold enough to import goods already branded made in Nigeria from foreign countries...

Guardian Nigeria Business
Kenyan election official flees country ahead of presidential poll

A top Kenyan election commissioner has quit and fled the country a week before a re-run of the presidential vote, citing political intimidation and saying the election would b...

Guardian Nigeria Business
Focus on Gabon as an investment destination

I believe that it is a very important achievement for the Gabonese economy and the presidential vision. As you know Gabon is a country that has been historically known to expo...

Guardian Nigeria Business
Global accelerex revolutionizes digital payment with NEXGO G2

Global Accelerex, a Central Bank of Nigeria licensed and fully certified Payment Terminal Service Provider (PTSP) has launched Nexgo G2, an innovative point of sale (PoS) term...

Guardian Nigeria Business
Emirates opens China routes for business travellers, tourists

Emirates airline has open flight operations to China, with multiple destinations beyond Beijing and Guangzhou...

Guardian Nigeria Business
Stock market index rises marginally by 0.1%

Despite price losses that outweighed gains, equity transactions on the Nigerian Stock Exchange closed on a positive note yesterday, as most highly capitalised stocks recorded...

Guardian Nigeria Business
MRA inducts NIMC into FOI hall of shame

Media Rights Agenda (MRA) has inducted the National Identity Management Commission (NIMC) into its Freedom of Information (FOI) Hall of Shame, saying it was recognizing the ag...

Guardian Nigeria Business
Why high interest rate regime may continue, by Ecobank

The high interest rate regime in Nigeria may still linger except certain fundamentals in the country are fixed adequately, the Group Chief Executive Officer of Ecobank Transna...

Guardian Nigeria Business
Enugu kicks off N358million development project

Governor Ifeanyi Ugwuanyi of Enugu State, on Wednesday, flagged off a N358 million development project at Mgbowo junction (Aki na Ukwa), recently approved by the state Executi...

Guardian Nigeria Business
Sidmach backs SCCI computer ‘Hands-On’ experience for pupils

Schools Computer Club Initiative’s (SCCI) bid to build up student/pupil experts as the workforce of future advancement for tomorrow’s information and computer technology,...

Guardian Nigeria Business
Getting to grips with the skills shortage challenge

“South Africa’s unemployment rate of 27.7% in the second quarter of 2017 is the highest since 2003. This translates into 6.18 million unemployed, a figure that can only b...

Guardian Nigeria Business
APWB forum to address Nigeria’s economic woes

Association of Professional Women Bankers (APWB) has concluded plans to host its 2017 corporate forum and annual dinner aimed at identifying measures to solve economic challen...

Guardian Nigeria Business
Expo to explore bilateral solutions to infrastructural deficits

Organizers of an international construction and building exhibition, Elan Expo, have expressed readiness to use its forthcoming exhibition to explore bilateral relationships t...

Guardian Nigeria Business
NCC to dump paper numbering for automated numbering system

Nigerian Communications Commission (NCC) at a consultative forum with a broad spectrum of stakeholders as part of the processes planned towards the introduction of an automate...

Guardian Nigeria Business
Ericsson group reaffirms interest in Nigeria’s telecom market

Mr. Shitlesi Makkhofane, head, Government and Industry Relations of Ericsson Group has expressed interest in the deployment of broadband to un-served and underserved areas in...

Guardian Nigeria Business
Coronation Merchant Bank wins award

Coronation Merchant Bank has emerged the ‘Merchant Bank of the Year’ at the 2017 edition of the BusinessDay yearly Banking Awards held in Lagos over the weekend...

Guardian Nigeria Business
Heineken boosts 2017 Lagos Fashion Design Week

Heineken has said that it is supporting the 2017 edition of the Lagos Fashion and Design Week. The event showcases Africa’s rich fashion and designs by bringing together the...

Punch Business
Barclays to find new investors for 9mobile

Ife Ogunfuwa with agency report There are indications that Barclays Bank has been saddled with the responsibility of finding investors for 9mobile based on the decision of Nig...

Punch Business
Shell Nigeria lifts force majeure on Bonny Light crude

’Femi Asu with agency report Shell Petroleum Development Company of Nigeria Limited, a subsidiary of Royal Dutch Shell, has lifted force majeure on the exports of Bonny Ligh...

Punch Business
Nigeria lowers 2017 economic growth forecast — Report

Nigeria has revised down its forecast for 2017 economic growth to 1.5 per cent from 2.19 per cent, according to a document reportedly seen by Reuters on Thursday. The report s...

Punch Business
Solar power: FG attracts investors with pioneer status

’Femi Asu The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said investors can now manufacture solar systems in the country following the recent review of...

Punch Business
Nigerians may repay $5.5bn loan for 30 years, says FG

•Nigeria needs $36bn for rail projects – Amaechi Leke Baiyewu, Abuja The Federal Government has said its external borrowing plan, for which it is seeking the approval of t...

Punch Business
How the ease of doing business affects customer experience

Oluwafemi Oyefeso oluwafemi.oyefeso@yahoo.com The Ease of doing business index is a ranking created by the World Bank. It is used to measure (as the name implies) how easy it...

Punch Business
Budget: FG to spend N1.16tn more in 2018

John Ameh, Abuja The country’s national budget will rise by N1.16tn in 2018, according to projections contained in the 2018-2020 Medium Term Expenditure Framework and Fiscal...

Punch Business
Four realistic ways to fund your small business

When two business partners started their first business, they initially used friends and family debt capital until they were large enough to attract more substantial funding f...

Punch Business
What you need to know about international banking

Femi Asu Personalbanking@punchng.com You have probably heard of offshore bank accounts and Swiss bank accounts. You may have¬ heard there is great wealth to be found in these...

Punch Business
Mambilla: Govt receives 26 insurance proposals

Ife Ogunfuwa The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said that the Federal Government has received about 26 proposals for insurance services in re...

Punch Business
NEMA workers begin nationwide strike over welfare package

Okechukwu Nnodim, Abuja Employees of the National Emergency Management Agency on Thursday embarked on a nationwide indefinite strike. It was gathered that the directive to pro...

Punch Business
Johannesburg Stock Exchange suspends trading on Oando shares

Stanley Opara Following an exchange of correspondence between the Nigerian Stock Exchange (the primary Exchange on which Oando is listed) and the Johannesburg Stock Exchange,...

Punch Business
CBN warns financial institutions against exploiting customers

Sodiq Oyeleke  The Central Bank of Nigeria has asked operators of microfinance banks and other financial institutions in the country not to engage in exploitative activities...

Punch Business
LCCI commends female entrepreneurs for tax compliance

Anna Okon The President, Lagos Chamber of Commerce and Industry, Dr. Nike Akande, has commended women entrepreneurs for their resilience and doggedness. Akande, who was repres...

Punch Business
Manufacturers on edge as counterfeiting of brands increases

Anna Okon These are not the best of times for manufacturers of popular products with large consumer base as it appears counterfeiters are determined to chase them out of busin...

Punch Business
Dangote Cement CEO to leave by December

Stanley Opara Dangote Cement Plc has said its Chief Executive Officer, Onne Van der Weijde, will step down at the end of 2017. This was communicated to the Nigerian Stock Exch...

Punch Business
FG sells treasuries to keep naira liquidity tight

The Central Bank of Nigeria sold N98bn of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned N133.25bn of T-bills, trade...

Punch Business
Signal Alliance gets Cisco’s certification

Signal Alliance, a systems integrator in cloud advisory, enterprise infrastructure, Information Technology security, managed services and business applications, on Thursday, s...

Punch Business
Ecobank CEO seeks credit guarantee schemes for MSMEs

’Femi Asu  The Chief Executive Officer of Ecobank Transnational Incorporated Plc, Mr. Ade Ayeyemi, has called on the Federal Government to introduce credit guarantee scheme...

Punch Business
World Food Day: Knorr shares meals on social media

Anna Okon Unilever’s largest food brand, Knorr,  in partnership with the United Nations World Food Programme is celebrating the 2017 World Food Day by giving food lovers th...

Punch Business
OK Foods introduces Pure Bliss premium cookie

Bukola Adebayo Nigeria-based manufacturing company, OK Foods, has introduced a new product into the Nigerian market. Called the Pure Bliss premium milk cookies, the manufactur...

Punch Business
CHI’s N500m rights issue, opportunity for rational investors – CEO

Stanley Opara The N500m rights issue of Consolidated Hallmark Insurance Plc has been described as a huge opportunity for Nigerian investors seeking good yields on their invest...

Punch Business
Kerosene scarcity persists in Rivers

Chukwudi Akasike, Port Harcourt RESIDENTS of Port Harcourt, the Rivers State capital, and its environs are currently facing tough times as a result of scarcity of kerosene. Fi...

Punch Business
SOS centre benefits from Dulux ‘Let’s Colour’ campaign

Chemical and Allied Products Plc, a subsidiary of UAC of Nigeria Plc. has supported the SOS Children’s Villages Nigeria as part of the global initiative tagged ‘Let’s Co...

Punch Business
‘Anemic’ iPhone 8 demand drags Apple shares lower

Apple Inc’s shares fell nearly three percent on Thursday on signs of weak demand for the iPhone 8 that caused analysts and investors to question the company’s staggered re...

Punch Business
Dangote seeks increased bilateral trade among Africans

Anna Okon The President and Chief Executive Officer, Dangote Group, Aliko Dangote, has collaborated with former South African President, Thabo Mbeki, as well as leading Africa...

Punch Business
SON warns importers against false declaration

Anna Okon The Standards Organisation of Nigeria has warned importers against making false declaration. The Director-General, SON, Osita Aboloma, gave this warning on Thursday...

Punch Business
BUA boss among top African business leaders under 40

Anna Okon The Group Executive Director, BUA Group, Kabiru Rabiu, has been named among top African business leaders under 40. A statement from BUA on Wednesday indicated that R...

Punch Business
Fidelity Bank recognised for mobile money services

Fidelity Bank Plc has announced its emergence as the ‘Most Improved in Corporate/Investment Banking’ and ‘Best Bank in Mobile Money Services’. The lender said in a sta...

Punch Business
Scale up crop yield, Ogbeh tells farmers, SMEs

Samuel Awoyinfa, Abeokuta The Minister of Agriculture, Audu Ogbeh, has asked smallholder farmers in cassava and rice cultivation to scale up their crop yield in order to meet...

Punch Business
Hazards of international banking

There are some hazards in international banking: Is the bank in a country on the verge of civil war or economic collapse? Is the bank in a country notorious for its corruption...

Punch Business
Multinationals fail anti-bribery, corruption checks – Report

’Femi Asu A global law firm providing business-oriented legal advice and service, Hogan Lovells, has said more than half (54 per cent) of multinationals say their pre- and p...

Punch Business
Company seeks to build island for Arctic drilling

America within a few years could be extracting oil from federal waters in the Arctic Ocean, but it won’t be from a remote drilling platform. The Associated Press reported th...

Punch Business
Firm unveils financial empowerment bet

A betting firm has unveiled Paddypaddybet.com to provide financial and economic empowerment for all Nigerians. The General Manager of the company, Mr. Alexander Ezekiel, durin...

Punch Business
Meristem drives stock market participation with MeriGame

Meristem Securities Limited says it has launched a new platform to build an identified gap between practice and actual trading in the Nigerian equities market. “Stock tradin...

Punch Business
Missouri proposes innovation corridor for Amazon’s home

Missouri officials were submitting a bid Thursday for Amazon’s second headquarters that would involve an innovation corridor between Kansas City and St. Louis rather than a...

Punch Business
OPEC chief welcomes rebalancing of oil market

OPEC secretary general Mohammed Barkindo welcomed Thursday the rebalancing of the world oil market, hinting the cartel would likely renew its output-cutting deal next month. B...

Punch Business
Avoid external loans, BudgIT warns states

A budget-based organisation, BudgIT, has cautioned state governments to desist from accumulating debts, especially from external loaners. BudgIT’s Lead Presenter, Mr Oluseun...

Punch Business