Business

eTranzact deepens financial inclusion through CBN-funded initiative

eTranzact, e-payments solution provider, is set to deepen financial inclusion by expanding its PocketMoni service with 10,000 active mobile money agents, through the Central B...

Guardian Nigeria Business

Conoil offers N1.4 billion dividend, pledges good returns

Conoil Plc will raise its competitiveness strategy in 2018 across different segments of the business and explore more opportunities in the emerging markets, as it offered N1.4...

Guardian Nigeria Business

C&I Leasing completes 28% buyout of Petrotech JV

C&I Leasing Plc has concluded the buyout of 27.5% minority stake in C&I Petrotech Marine Ltd- a Joint Venture company with six vessels presen...

Guardian Nigeria Business

DMO restores debts’ report timeline, affirms management strategy, others

The Debt Management Office (DMO) has re-established a predictable timeline in the release of its report on the nation’s debt profile, a routine that has now become consiste...

Guardian Nigeria Business

‘Collaborations key to overcoming international trade challenges’

The Managing Director of First City Monument Bank (FCMB), Adam Nauru, has urged banks and other financial institutions in Nigeria to brace up to the challenges of internationa...

Guardian Nigeria Business

We are licensed to reduce poverty —Akinnusi, MD, Fullrange Microfinance Bank

Oluwole Akinnusi, an alumnus of Lagos Business School, with fifteen years of banking experience is the Managing Director, Fullrange Microfinance Bank, Ibadan. In this intervie...

Nigerian Tribune Business

Collaborative efforts’ll make capital market vibrant – SEC

’Femi Asu The Securities and Exchange Commission has said it is open to suggestions and actions that will make the capital market vibrant, stressing the need for more stakeh...

Punch Business

Reclaiming misdirected payments

Sending a payment to the wrong bank account by accident can be devastating, especially if it is a large one, according to www.moneyexpert.com. Thankfully, banks are becoming m...

Punch Business

Estimated billing: Consumers vow to resist disconnection by Discos

Electricity consumers in the country may be heading for a showdown with the power distribution companies following plans to massively disconnect customers on estimated billing...

Punch Business

Save Lagos from beach erosion, environmentalists beg FG

Maureen Ihua-Maduenyi Environmentalists have asked the Federal Government, to as a matter of urgency, help the Lagos State Government in protecting the shorelines of the state...

Punch Business

Body to train estate surveyors in solid minerals valuation

Maureen Ihua-Maduenyi The Nigerian Institution of Estate Surveyors and Valuers, under the auspices of its Plant and Equipment Valuation Faculty, has revealed plans to build th...

Punch Business

Chinese oil firm to invest $3bn in Nigeria

Okechukwu Nnodim, Abuja The management of China National Offshore Oil Corporation has expressed its readiness to invest additional $3bn in its existing stakes in offshore oil...

Punch Business

London arbitration court awards $680m against Wale Tinubu’s firms

Oladimeji Ramon The London Court of International Arbitration has awarded a total of $680m (about N216bn) against two firms – Ocean and Oil Development Partners Limited, whi...

Punch Business

Currency in circulation falls to N1.93tn

•It’s good for economy, say experts Feyisayo Popoola The currency in circulation fell for the third consecutive month in June, with economic experts describing it as a pos...

Punch Business

Lafarge Africa rewards loyal customers with Dubai trip

Maureen Ihua-Maduenyi Building solutions provider, Lafarge Africa Plc, has rewarded its customers and key distributors for their performances so far in the year. According to...

Punch Business

UBA named best in digital banking

Feyisayo Popoola United Bank for Africa Plc says it has been named Africa’s best bank in the digital category of the Euromoney Awards in London. The bank said in a statement...

Punch Business

Quantity surveyors to examine construction industry performance

Maureen Ihua-Maduenyi The Nigerian Institute of Quantity Surveyors, Lagos State Branch, has revealed plans to examine the construction industry as well as other industries in...

Punch Business

Cryogeny partners Inventor on new cooling systems

Maureen Ihua-Maduenyi Cryogeny Global Resources Limited, a subsidiary of Pera-Beam Limited, has entered into a partnership with Inventor, a firm based in Greece to make its pr...

Punch Business

Transcorp Hotel MD advises govt on tourism, hospitality

The government has been called upon to create the enabling environment for hospitality and tourism businesses in Nigeria to thrive as well as encourage the growth of marketing...

Punch Business

Cost engineers host forum on rural development

OkechukwuNnodim, Abuja The Institute of Appraisers and Cost Engineers, a division of the Nigerian Society of Engineers, has called for sustainable engineering infrastructure t...

Punch Business

Heritage Bank, CIBN seek to promote robust engagement

Feyisayo Popoola Heritage Bank Plc has said its partnership with the Lagos branch of the Chartered Institute of Bankers of Nigeria is aimed at promoting robust engagement for...

Punch Business

Stocks fall further, market capitalisation hits N13.5tn

’Femi Asu The All-Share Index of the Nigerian Stock Exchange and the market capitalisation of listed equities depreciated by 0.62 per cent to close at 37,392.77 and N13.546t...

Punch Business

Conoil promises shareholders higher returns on investment

’Femi Asu Conoil Plc, a petroleum marketing company, has said it will build a stronger financial position and create higher value for its shareholders to maintain its leader...

Punch Business

Contributory pension’ll solve many economic problems — IEI-Anchor boss

Nike Popoola The Managing Director, IEI-Anchor Pension Managers Limited, Mr Glory Etaduovie, has said that the Contributory Pension Scheme can help to solve a lot of funding p...

Punch Business

Ecobank, Total Nigeria collaborate on agency banking

Feyisayo Popoola Ecobank Nigeria Plc has announced its partnership with Total Nigeria Limited to offer agency banking services at Total filling stations across the country. Th...

Punch Business

Govt alone cannot solve Nigeria’s housing problem – Homeplan

Maureen Ihua-Maduenyi Real estate development firm, Homeplan Holdings, has said the problem of housing in the country cannot be solved by the government alone. The firm stated...

Punch Business

Home and You unveils new factory, plans export

Maureen Ihua-Maduenyi Furnishing solutions and interior design firm, Home and You, has unveiled a new factory in Ikorodu area of Lagos. The Chief Executive Officer, Home and Y...

Punch Business

Eight Mexican firms join LSEG’s ELITE

ELITE, London Stock Exchange Group’s international business support and capital-raising programme, has welcomed eight new Mexican companies. ELITE has partnered with legal a...

Punch Business

Saham Unitrust records 28% growth in gross premium

Saham Unitrust Insurance Nigeria Limited recorded an increase in gross written premium by 28 per cent from N1.92bn in 2016 to N2.486bn in the 2017 financial period. This was d...

Punch Business

Mutual Benefits pays N160m dividend

Nike Popoola Mutual Benefits Assurance Plc has said it will reward its shareholders with N160m dividend for the 2017 financial period. This was disclosed at its 22nd annual ge...

Punch Business

AXA gets insurance award

AXA Mansard Insurance Plc, a member of the AXA Group and global leader in insurance and asset management, has emerged as the Insurance Company of the Year at the Marketing Edg...

Punch Business

Britain’s FTSE off highs as sterling boost softens

Britain’s top share index ended off earlier highs on Friday, as the pound recovered after Donald Trump said he looked forward to finalising a post-Brexit trade deal with Bri...

Punch Business

Maximise multi-fund structure, Trustfund tells pension contributors

Nike Popoola Trustfund Pensions Limited has advised stakeholders under the Contributory Pension Scheme on the need to maximise the potential in the new multi-fund structure, w...

Punch Business

New corporate governance code’ll attract fresh investments – FRC

Ifeanyi Onuba, Abuja The Executive Secretary, Financial Reporting Council of Nigeria, Mr Daniel Asapokhai, has said that the Nigeria Code of Corporate Governance currently bei...

Punch Business

Coronation Merchant Bank gets new executive director

Feyisayo Popoola Coronation Merchant Bank Limited has announced the appointment of Banjo Adegbohungbe as an executive director and chief operating officer of the group. The ba...

Punch Business

FAAC to probe N90bn revenue underpayment by FIRS

…wants oil revenue collection system overhauled Ifeanyi Onuba, Abuja The Federation Account Allocation Committee has expressed its readiness to probe the N90...

Punch Business

Plans to impose duty on soaps, others worry LCCI

Anna Okon The Lagos Chamber of Commerce and Industry has expressed worries over plans to impose excise duty on basic consumer goods. The Federal Government recently commenced...

Punch Business

Nigeria, Netherlands N1.2trn volume of trade excites Envoy

Nigeria Ambassador to the Netherlands, Oji Ngofa has expressed satisfaction with the current volume of trade between the two countries, which stood at three billion Euro (N1.2...

Punch Business

How tax revenue improved by 42% in 2018 — FIRS

The 2018 half-year revenue performance report of the Federal Inland Revenue Service has shown that tax revenue improved by 42 per cent when compared to the same period in 2017...

Punch Business

Adesina Simon Temidayo, 14 year-old Leonardo Da Vinci inspired artist

Can you tell us who you are? My name is Adesina Simon Temidayo. I am 14 years old. How did you start this line of business? I started drawing since my early childhood days. I...

Guardian Nigeria Business

Group urges young entrepreneurs to build quality network

Former Cross River State Governor, Senator Liyel Imoke, yesterday told young entrepreneurs that he did not obtain first class or second class upper to get to his political car...

Guardian Nigeria Business

IPMAN: Umana heads a 12-man caretaker committee

A newcaretaker executive of the Independent Marketers Association of Nigeria (IPMAN) has emerged in Cross River State with an assurance of an uninterrupted supply of petroleum...

Guardian Nigeria Business

UBA emerges best Institution in digital banking across Africa

Pan-African financial services group, United Bank for Africa Plc, was named Africa’s best bank in the Digital category at the prestigious Euromoney awards in London. The Eur...

Guardian Nigeria Business

ECOWAS: Enelama commends EU, UNIDO for €12m training support

Industry, Trade and Investment Minister, Dr. Okechukwu Enelama, has commended the efforts of the European Union (EU) and the United Nations Industrial Organisation (UNIDO) in...

Guardian Nigeria Business

Mistakes will make you wiser – Duro-Emanuel

Joy Marcus 07010892422 (SMS only) marcusjoy54@gmail.com swag@punchng.com Bolaji Duro-Emanuel, 31, is the Head of Finance at Cloud Cover Distribution Limited. She speaks about...

Punch Business

Hard work will always separate you from the crowd — James

Nseobong James, 28, is the Chief Executive Officer of Eddy James Clothing. He speaks to FAVOUR MIKE-EWEWIE on his experience as a business owner Tell us about Eddy James Cloth...

Punch Business

Managing family business

Tofarati Ige Even though family and business are generally believed not to mix well, it is possible to run a successful family business Have business plan Develop a solid fami...

Punch Business

We’ll reduce lending rate for SME funding – Okpanachi

In this interview with IFEANYI ONUBA, the Managing Director,  Development Bank of Nigeria, Mr Tony  Okpanachi, speaks on issues affecting the financing of Micro, Small and M...

Punch Business

Refineries: NNPC’s profit drops by N5bn in one month

Okechukwu Nnodim The decline in the cumulative performance of Nigeria’s refineries reduced the group profit of the Nigerian National Petroleum Corporation by N5bn, latest fi...

Punch Business

QIPPL, Akwa Ibom sign agreement on 567MW power plant

‘Femi Asu Qua Iboe Power Plant Limited, the promoter of the Qua Iboe Power Plant, has announced the signing of a community partnership agreement with impacted communities in...

Punch Business

Refineries lose N33.5bn in three months — NNPC

‘Femi Asu The nation’s refineries lost the sum of N33.53bn in the first three months of this year, the latest financial and operations report of the Nigerian National Petr...

Punch Business

‘Building enduring institutions requires commitment’

Ozioma Ubabukoh The President and Chairman, Nigerian Institute of Management (Chartered), Prof. Olukunle Iyanda, has said that strong and enduring institutions take time, comm...

Punch Business

Foreign airlines generate 70% of Nigeria’s aviation revenue – Operators

A very large percentage of the total revenue from Nigeria’s aviation sector comes from the remittances of international carriers, OKECHUKWU NNODIM reports on why this is so...

Punch Business

Telecom, media subscriptions in Nigeria reach 171 million

Ife Ogunfuwa The number of subscriptions from mobile, fixed broadband, fixed voice, and pay-TV had reached 171 million as of the end of 2017, a recent research by Ovum reveale...

Punch Business

Osinbajo, NCDMB lure US investors to oil industry

‘Femi Asu Vice President Yemi Osinbajo, and the Executive Secretary of the Nigerian Content Development and Monitoring Board, Mr Simbi Wabote, have extended efforts to woo i...

Punch Business

Using technology to improve healthcare services

Chukwuemeka Fred Agbata Jnr. (CFA) I love the fact that young people are working hard to add tremendous value in various ways. I meet them every other day. Penultimate week, I...

Punch Business

​Stakeholders decry failure of single window system

Anna Okon Stakeholders in the maritime sector have  decried the failure of the single window system introduced by the Federal Government to ease cargo clearing process at the...

Punch Business

We’ll be guided by national interests in signing Free Trade Agreement, Buhari insists

President Muhammadu Buhari says Nigeria will only be a signatory to the Continental Free Trade Agreement if the nation ’s interests, as well as regional and international ob...

Punch Business

Nigeria’s inflation’ll rise in second half – IMF

’Femi Asu The International Monetary Fund on Friday said Nigeria’s inflation, which has been declining for more than a year, would increase in the second half of the year...

Punch Business

Corporate Governance Code’ll enhance Nigeria’s ease of doing business –PHCCIMA

Chukwudi Akasike, Port Harcourt The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture has said that the Nigerian Code of Corporate Governance will enhance the...

Punch Business

AIB, UNILAG seal deal on metallurgical research

Maureen Ihua-Maduenyi The Accident Investigation Bureau and the University of Lagos have signed a Memorandum of Understanding for the latter to use AIB’s metallurgical labor...

Punch Business

N1bn debt: AMCON takes over ex-minister’s Abuja property

Akinpelu Dada The Asset Management Corporation of Nigeria says it has taken over Sigma Apartments owned by Sigma Engineering & Construction Limited being promo...

Punch Business

BoI secures $750m facility for MSMEs financing

Ifeanyi Onuba, Abuja The Bank of Industry has secured a $750m facility from 17 financial institutions to fund the Micro, Small and Medium Enterprises sector of the economy. Th...

Punch Business

FIRS generates N2.53tn from taxes in six months

Akinpelu Dada The Federal Inland Revenue Service has announced that it realised a total of N2,529,615,174,601.25 from various taxes between January and June this year. The amo...

Punch Business

NPA suspends Maerskline, three others over truck drivers’ strike

Akinpelu Dada and Anna Okon As part of efforts to resolve the protest by truck drivers at the Lagos Port Complex and the Tin Can Island Port in Lagos, the Nigerian Ports Autho...

Punch Business

Nigeria’s inflation’ll rise in second half – IMF

’Femi Asu The International Monetary Fund on Friday said Nigeria’s inflation, which has been declining for more than a year, would increase in the second half of the year...

Punch Business

BoI secures $750m facility for MSMEs financing

Ifeanyi Onuba, Abuja The Bank of Industry has secured a $750m facility from 17 financial institutions to fund the Micro, Small and Medium Enterprises sector of the economy. Th...

Punch Business

The challenges of remittances providers

Remittances and payment providers can make a change throughout Africa. Companies like Paga, M-Pesa, Payoneer, and Remitly, among dozen others companies, are trying to make tra...

Guardian Nigeria Business

Telecoms industry pays N450b taxes annually – ATCON chairman

The telecom industry annually contributes N450 billion in form of taxes to Nigeria’s economy, Mr Olusola Teniola, President, Association of Telecommunications Companies of N...

Guardian Nigeria Business

Telecoms industry pays N450b taxes annually — ATCON chairman

The telecom industry annually contributes N450 billion in form of taxes to Nigeria’s economy, Mr Olusola Teniola, President, Association of Telecommunications Companies of N...

Punch Business