Business

Dangote, BUA in war of words over mining site

Akinpelu Dada The war of words between the Dangote Group and BUA Group continued on Sunday with the former accusing the latter of illegally mining limestone deposited in its M...

Punch Business

Multiplicity of taxes discourages investments, says Adeosun

The Minister of Finance, Kemi Adeosun has stressed the need for salary earners operating other businesses to also pay tax from their profits in order to help grow the economy...

Guardian Nigeria Business

Fidelity ’s solution drives tax compliance in Lagos

Fidelity Bank has deployed innovative solution for the collection of internally generated revenue (IGR) in Lagos State, as part of moves to change the face of service, and cre...

Guardian Nigeria Business

No intentions to undermine SEC’s authority, Oando insists

In response to the decision by the Securities and Exchange Commission (SEC) to commence a forensic audit into the affairs of the company, Oando Plc has reiterated that its man...

Guardian Nigeria Business

FMDQ market report

During the week-ended December 15,2017, the Central Bank of Nigeria (CBN) continued its supply of US Dollars in the FX market, offering $100.00mm at a marginal rate of $/₦33...

Guardian Nigeria Business

CIIN charges new members, others, on integrity

In line with plans to register fresh 3,000 members that would spread the gospel of insurance benefits to the doorsteps of Nigerian before the end of the year 2018, the Charter...

Guardian Nigeria Business

Roles of bureau de change in foreign exchange stability

A Bureau De Change (BDC) is defined by the Central Bank of Nigeria (CBN) manual as a retail foreign exchange dealer carrying on the business of Personal Travel Allowance (PTA)...

Guardian Nigeria Business

Sterling unveils ‘One Woman’ scheme for development

The One-Woman proposition by Sterling Bank Plc, designed to cater to the unique needs of women, has sponsored a seminar on Women Empowerment and National Development for the W...

Guardian Nigeria Business

Access Bank fit for digital disruption, says Zinox boss

Chairman, Zinox Group, Leo Stan Ekeh, has said that Access Bank Plc is equipped to take advantage of the impending disruption aided by the rise of financial technology (FinTec...

Guardian Nigeria Business

FG to build world class ecology of mineral sector, says Fayemi

The Minister of Mines and Steel Development, Dr Kayode Fayemi has reiterated the government’s determination to turn around the mining sector by building a world class ecolog...

Guardian Nigeria Business

Nigeria to build world class ecology of mineral sector, says Fayemi

The Minister of Mines and Steel Development, Dr Kayode Fayemi has reiterated the government’s determination to turn around the mining sector by building a world class ecolog...

Guardian Nigeria Business

‘LSETF N25 billion fund as catalyst for entrepreneurship’

The N25 billion fund scheme of the Lagos State Employment Trust Fund (LSETF) established by the state government was scripted to empower Small and Medium Enterprises (SMEs) an...

Guardian Nigeria Business

Nigeria and the search for prosperous future

Since the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to explain: we’ve historically depended on...

Guardian Nigeria Business

Premium Pension begins monthly payment to retirees

Following the directive by the National Pension Commission (PenCom), for Pension Fund Administrators (PFAs) in Nigeria to commence the payment of enhanced monthly pension to r...

Guardian Nigeria Business

Underwriting company’s profit appreciates by 194.64% in 2016

Guinea Insurance Plc has said its Profit Before Tax grew by 194.64 per cent from N46.9million at the close of financial year ended 31 December, 2015 to N138million in 2016. Ac...

Guardian Nigeria Business

NCRIB promises unified business operations for firms

The Nigerian Council of Registered Insurance Brokers (NCRIB) has assured brokerage firms of value creation that would guarantee seamless business operations in the country. NC...

Guardian Nigeria Business

Keystone, Fidelity empowers entrepreneurs, customers

Keystone Bank Limited through its Pink Network initiative, organised a capacity building workshop tagged: “The Accelerate Business Seminar”, in furtherance of its commitme...

Guardian Nigeria Business

‘Why banks cannot lend below 20% on average’

Despite acclaimed improvements across the economy through the year, the sad reality is that the nation’s Deposit Money Banks cannot still lend money for productive activitie...

Guardian Nigeria Business

African fund managers capture opportunities despite currency, geopolitical risk, others

Despite the hurdles faced by fund managers as a result of challenging macroeconomic conditions, private equity firms continue to identify ways to transform their portfolio com...

Guardian Nigeria Business

Banking sector needs to be attractive for foreign investors to grow economic liquidity, says Adeola

In this interview, the Managing Director/ CEO, Sterling Bank Plc, Yemi Adeola, tells The Guardian’s Business Editor, Clara Nwachukwu, about the bank’s foray into agricultu...

Guardian Nigeria Business

How Nigeria can achieve stability in forex management, by ACTN

Experts in the financial services sector have condemned the Central Bank of Nigeria (CBN) interference in the Foreign Exchange (forex) market, stressing the need for the apex...

Guardian Nigeria Business

Julius Berger named Nigeria’s 'Corporate PR Ambassador of the Year'

Julius Berger Nigeria Plc rounded off the 2017 work year, winning the prestigious presidential award of the Nigerian Institute of Public Relations (NIPR). It was named as the...

Guardian Nigeria Business

Dealing member-client spot FX market turnover report

For the week-ended December8,2017,trading activity in the Spot FX market between the banks and their clients stood at $ 1,352.45mm (average daily turnover of $270.49mm), repre...

Guardian Nigeria Business

Inlaks gets super agent licence to deepen financial inclusion

To enhance the financial inclusion in Nigeria, the Central Bank of Nigeria (CBN) has granted an approval-in-principle (AIP) to Inlaks to operate as a super-agent in the Nation...

Guardian Nigeria Business

For manufacturing sector, recession continues

The manufacturing sector, which fell from a positive outlook to negative during the 2016 recession, rose briefly in the first quarter of 2017, aided by some policy initiatives...

Punch Business

Naira depreciates to 365/dollar despite CBN interventions

Oyetunji Abioye The naira depreciated marginally by 0.55 per cent at the parallel market week-on-week to close at N365 on Friday. The local currency had closed at 363/dollar l...

Punch Business

Zenith Bank, FBN Holdings, others lift NSE’s turnover by N51.5b

Heavy transactions in the shares of some banks especially Zenith International Bank and FBN Holdings, last week, lifted the volume of shares traded, as a turnover of 1.852 bil...

Guardian Nigeria Business

Ecobank renovates Ikorodu medical centre

The Lagos State Government has commended Ecobank Nigeria for renovating and furnishing the main building at the Agbala Pediatric Centre in Ikorodu, as part of the lender’s c...

Punch Business

FAAN launches investigation into alleged theft on taxing aircraft

The Federal Airports Authority of Nigeria (FAAN) has begun investigations into the case of a burgled taxing aircraft in Lagos. A gang of thieves allegedly burgled an aircraft...

Guardian Nigeria Business

Heritage Bank gets CBN Sustainable Banking Award

Heritage Bank has won in the inaugural Nigeria Sustainable Banking Award convened by the Central Bank of Nigeria. The lender said in a statement on Sunday that it won the awar...

Punch Business

FSS 2020: The journey so far

A realisation that the world was rapidly changing and that Nigerian must claim the 21st century was the strong motivator for the adoption of Financial System Strategy 2020 bac...

Nigerian Tribune Business

Govt. to reduce domestic borrowing for more corporates to raise funds

The problem associated with government crowding out funds from the local market may soon become a thing of the past, as the Director -General, Debt Management Office, Patience...

Guardian Nigeria Business

Banks borrow N671bn from CBN in five days

Oyetunji Abioye Fhe Deposit Money Banks in the country borrowed the sum of N671.47bn from the Central Bank of Nigeria in the past five working days, data from the CBN have rev...

Punch Business

Providus Bank, MasterCard provide World Elite card to customers

Providus Bank says it has launched the World Elite MasterCard offering in Nigeria, providing affluent consumers and frequent travellers with a range of priceless travel benefi...

Punch Business

Nigeria, others need commodity-price surge to avert debt crunch–IMF

The sub-Saharan Africa faces a potential debt crunch unless commodity prices improve and boost the pace of economic growth, the International Monetary Fund has said. The Washi...

Punch Business

Bitcoin ETF providers see new hope for approval

Fund managers seek U-turn by regulators after start of cryptocurrency futures trading. Bitcoin mania has reignited a race to launch an exchange-traded fund in the US that woul...

Punch Business

Our aim is to make Glanvill Ethoven industry leader —Banjo

Ogbeni Lanre Banjo is a certified public (chartered) accountant with wealth of experience in both government and the private sector. He was the Director of Policy and Procedur...

Nigerian Tribune Business

Fuel queues return to Lagos, persist in Abuja, others …as oil workers begin strike today

Kamarudeen Ogundele, Adelani Adepegba, Okechukwu Nnodim and ’Femi Asu The lingering petrol scarcity in many parts of the country grew worse on Sunday in Lagos, Abuja, Nasara...

Punch Business

Teaching children about banking

Elementary students can learn how banks operate and the types of services they provide. Academic lessons enable you to introduce concepts such as saving, budgeting and investi...

Punch Business

NSE weekly equities’ turnover hits N51.5bn

Stanley Opara A total turnover of 1.852 billion shares worth N51.523bn in 23,863 deals, were traded last week by investors on the floor of the Nigerian Stock Exchange.  Howev...

Punch Business

$2.8bn pipeline contract’ll change Nigeria’s energy landscape – Presidency

Olalekan Adetayo, Abuja The Presidency on Sunday said the nation’s energy landscape was set for a major change with the award of a $2,809,522,548.36 gas pipeline contract ap...

Punch Business

SON’s technical panel to review cement standard

The Technical Committee of the Standards Organisation of Nigeria has begun a review the NlS 444-1 Standard. The committee came up with a review of the standard and classified...

Punch Business

Town planning framework still unstructured, says NITP

The President, Nigerian Institute of Town Planning, Luka Achi, has said the institutional framework for physical planning at all levels of governance is inadequate and unstruc...

Punch Business

No basis for SEC’s forensic audit, says Oando

’Femi Asu Oando Plc has said there is no basis for the institution of a forensic audit of the company by the Securities and Exchange Commission. The company said in a statem...

Punch Business

No basis for SEC’s forensic audit, says OandoNo basis for SEC’s forensic audit, says Oando

’Femi Asu Oando Plc has said there is no basis for the institution of a forensic audit of the company by the Securities and Exchange Commission. The company said in a statem...

Punch Business

CIIN reviews professional exam syllabus

Nike Popoola The Chartered Insurance Institute of Nigeria is set to commence the implementation of its upgraded professional examination syllabus. The President, CIIN, Mrs. Fu...

Punch Business

Firm begins estate for Osun indigenes abroad

Femi Makinde, Osogbo A property development company, Thirty Three Nigeria Limited, has commenced the construction of 46 detached and semi-detached duplexes at the Government R...

Punch Business

‘Investors should pay attention to property maintenance’

Maureen  Ihua-Maduenyi The Business Development Manager, Provast Limited, Mr. Segun Olabode, says investors in real estate should place emphasis on efficient management and m...

Punch Business

NCRIB to set 10-year development plan

The President, Nigerian Council of Registered Insurance Brokers, Mr. Shola Tinubu, has said the council plans to have a 10-year development plan. He said this during the membe...

Punch Business

PPL to commence enhanced pension payment

One of the Pension Fund Administrators in the country, Premium Pension Limited, has said it is set to commence the payment of enhanced monthly pension to its retirees &amp...

Punch Business

Developer unveils Yuletide promo for Empire Residences II

Luxury real estate developer, Deluxe Residences, has unveiled a promotional package for its newest development, the Empire Residences II in Victoria Island, Lagos. The company...

Punch Business

AHCN plans data collection on mortgage, real estate off-takers

Maureen Ihua-Maduenyi The Association of Housing Corporations of Nigeria has said that in the first quarter of 2018, it will begin a pilot scheme of the Home Ownership Off-tak...

Punch Business

AMG gets quality management certification

Maureen  Ihua-Maduenyi The Alpha Mead Group says two of its business units, Alpha Mead Development Company and Alpha Mead Facilities and Management Services Limited have been...

Punch Business

Ogun arrests 12 residents for improper waste disposal

The Ogun State Ministry of the Environment says following several warnings against indiscriminate dumping of refuse on roadsides, medians and flower beds, its officials have a...

Punch Business

Green Bond: FG assures investors of proceeds management

Stanley Opara The Federal Government says it will encourage a high level of transparency in the management of proceeds of the N10.69bn Green Bond. It said it was recommended t...

Punch Business

LASBCA urges engineers to report safety violations

Maureen  Ihua-Maduenyi The Lagos State Building Control Agency has urged engineers to help solve the problem of building collapse in the state by reporting safety standard vi...

Punch Business

Nigerians explore business opportunities in Vietnam

Anna Okon Nigerian businessmen have visited Vietnam to seek opportunities to import waste treatment equipment and environmentally friendly waste disposal machineries from the...

Punch Business

Insurer, others attribute health care challenges to poor accountability

Experts in the health care sector, risks management, insurance and regulatory authorities have said lack of transparency, accountability and poor corporate governance remain t...

Punch Business

Linkage assures shareholders of better returns

Linkage Assurance Plc says it is embarking on a new phase of growth that will guarantee better returns on investment for its shareholders. While speaking at the 24th annual ge...

Punch Business

IoD seeks improved corporate governance to attract investments

Ifeanyi Onuba, Abuja The Institute of Directors, Nigeria, has called on the Federal Government to improve the level of corporate governance in public and private sector instit...

Punch Business

NCF calls for more efforts on nature conservation

Maureen Ihua-Maduenyi The President, Board of Trustees, Nigerian Conservation Foundation, Chief Philip Asiodu, has called for more commitment to nature conservation in the cou...

Punch Business

Insurance agents urged to be enterprising

Insurance agents have been urged to be enterprising to boost their productivity and succeed in the challenging economy. The underwriting companies have also been urged to ensu...

Punch Business

First Bank expresses support for SMEs to boost employment

The First Bank of Nigeria on Sunday expressed its commitment to the development of Small and Medium Enterprises (SMEs) in line with the Federal Government’s economic diversi...

Guardian Nigeria Business

How $2.8bn pipeline contract will change Nigeria’s energy landscape -Presidency

contract involves construction of 614km Ajaokuta-Abuja-Kaduna-Kano pipeline FG adopts contractor financing option contractors to be repaid over 15 years Olalekan Adetayo, Abuj...

Punch Business

Fayose greets Buhari at 75

Ekiti State Governor, Mr. Ayodele Fayose, has congratulated President Muhammadu Buhari on the occasion of his 75th birthday, urging the President to quit the stage when the ov...

Guardian Nigeria Business

Nigeria needs $6bn to fix gas supply gap — Operators

A total of $6bn is said to be needed to fix gas supply challenges in the country, provided consumers are willing to pay adequately for the commodity, OKECHUKWU NNODIM reports...

Punch Business

Vehicle maintenance tips for Christmas travellers

Kunle Shonaike Be you the most diligent driver in the world, you’d still be risking your life if the vehicle you’re driving is poorly maintained. And in view of the multit...

Punch Business

AMCON’S takeover of Aero was a blessing – Sanusi

Capt. Ado Sanusi is the Chief Executive Officer of Aero Contractors Limited. In this interview with MAUREEN IHUA-MADUENYI, he says aviation industry should be a key focus of t...

Punch Business

Fixed Income Market remains toast of investors as yields fall

What shaped the past week? Global Markets:  Global markets traded mixed this past week, with investors focused on announcements from various central banks as well as economic...

Punch Business

Gwarzo: Probe panel report ready month end

Ifeanyi Onuba The administrative panel of inquiry set up by the Minister of Finance, Mrs. Kemi Adeosun, to investigate corruption allegations against the suspended Director-Ge...

Punch Business

Adopting technology to make your music go viral

Chukwuemeka Fred Agbata Jnr. The Nigerian music industry keeps gathering the type of momentum that cannot be compared to that of any other African country, in all ramification...

Punch Business

CIA warns members against tax evasion, confrontation

Ozioma Ubabukoh The Chartered Institute of Administration has warned its members against evading tax payment, saying that such practice may bring to ridicule, the values of th...

Punch Business

FG seeks support of financial institutions for miners

’Femi Asu The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said financial institutions in the country need to support the government in bringing the natio...

Punch Business

Pensioners angry, threaten to pull out of NUP

Nike Popoola  The lingering hardship faced by federal retirees under the old pension scheme is making some groups to threaten to pull out of the Nigeria Union of Pensioners d...

Punch Business

Treasury bills extend rally as sell-off weigh

Stanley Opara with agency report Yields on Nigeria’s mid-dated Treasury bills have risen nearly by one percentage point to 12 per cent, extending a three-day rally as a sel...

Punch Business

SON moves to raise patronage of Nigerian products

The Standards Organisation of Nigeria has introduced a programme tagged Product Authentication Mark, which is expected to encourage the patronage of made-in-Nigeria products...

Punch Business

Casers Group organises talent hunt for youths

Anna Okon Complete Advertising Services says it is creating a talent hunt for youths to be mentored in creative thinking. According to Casers Group, the initiative is part of...

Punch Business

My confidence intimidates a lot of men –Patrick-Ogbogu, Executive Director, Disability Rights Advocacy Centre

Eric Dumo Not many women in Nigeria today can boast of the confidence and strength Irene Patrick-Ogbogu exudes. Struck by polio at three and confined to a wheelchair at 36, af...

Punch Business

NCC set to harmonise short codes, USSD in telecoms industry

The Nigeria Communications Commission (NCC) is set to harmonise all short codes and USSD in use in Nigerian telecommunication industry. The plan for the harmonisation was rece...

Guardian Nigeria Business

External reserves rise to $36.8bn

’Femi Asu Nigeria’s external reserves rose by $1.91bn in the first two weeks of this month, a Central Bank of Nigeria’s report indicated on Friday. The foreign exchange...

Punch Business

NEPC plans to develop C’River cocoa for export

Anna Okon The Executive Director/Chief Executive Officer, Nigerian Export Promotion Council, Mr. Olusegun Awolowo, has said that developing the Cross River State cocoa value c...

Punch Business

Oando says audit appeal not meant to undermine SEC

Stanley Opara Oando Plc says it has taken no action that is capable of undermining the authority of the apex regulator of Nigeria’s capital market, Securities and Exchange C...

Punch Business

Govt to purchase patrol vessels to protect waterways

Okechukwu Nnodim, Abuja The Federal Government has approved the purchase of patrol vessels to enhance security on Nigerian waterways. It said the vessels, which were specifica...

Punch Business

Import duties frustrate car imports, fuels smuggling – NPA

Stanley Opara with agency report Duties on car imports aimed at boosting local production have reduced the number of vehicles brought into the country this year by a quarter,...

Punch Business

Emirates returns to Abuja route after one year

Emirates Airlines, on Friday returned to Abuja route with 95 passengers and 17 crew members on board its Boeing 777-300 from Dubai after it has closed the route for over a yea...

Punch Business

DPR proposes N415m for local, foreign trips, Senate kicks

Leke Baiyewu, Abuja Members of the Senate Committee on Petroleum Resources (Upstream) have expressed shock over the proposal by the Department of Petroleum Resources to spend...

Punch Business