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Vice President Yemi Osinbajo

VP Osinbajo tells French investors Nigeria open for business

Vice-President Yemi Osinbajo has told French investors that Nigeria is open for business and is inviting them to take advantage of the enabling environment in the country to do business.
Nigerian Stock Exchange NSE

NSE gains N1.9 trillion as MTN lists 20.35 billion shares

The market capitalisation of equities listed on the Nigerian Stock Exchange rose by N1.90tn on Thursday after MTN Nigeria Communications Plc listed 20.35 billion shares on the Exchange.

Governor Akeredolu: How Nigeria can earn $145 billion through legal marijuana

Ondo State Governor Oluwarotimi Akeredolu has warned that Nigeria could lose $145 billion by 2025 over its failure to key into the global legal marijuana market.
Ferdi Moolman

MTN Nigeria registers 20.35 billion shares

MTN Nigeria Communications Plc on Tuesday announced that it had successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission.

Nollywood producers, distributors advised to shun films that debase societal values

Industry stakeholders have called on producers and distributors in the Nigerian movie industry to eschew films and video works that erode values that define the African people.

Squeezed by US shale, Nigerian oil propped up by Asian demand

The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressure in Europe.

Aliko Dangote restates commitment to Nigeria’s economy

Alhaji Aliko Dangote, President, Dangote Industries, says his continuous efforts to innovate, create value and invest in Nigeria’s economy is borne out of his firm belief in its vast economic potential.
Dangote Cement

Dangote Cement posts N390.3 billion profit in 2018

Dangote Cement has posted a Profit After Tax (PAT) of N390.32 billion in its 2018 operations, against N204.25 billion achieved in the corresponding period in 2017.
Alomo Bitters

Ghana’s Alomo Bitters herbal drink sells 13.9 million bottles in Nigeria

Alomo Bitters, a herbal alcoholic drink produced by Kasapreko Ltd., a Ghanaian-owned company based in Ghana, sold 13.9 million bottles in the Nigerian market in 2018.
Beer Bottles

‘Beer wars’: Big brewers target Nigerian drinkers

Gigantic billboards advertising beer now dominate the skyline of Nigeria's megacity, Lagos, signalling the escalating battle between multinational brewers for drinkers in Africa's most populous country.

Heineken Lokpobiri: Smugglers taking advantage of ECOWAS protocol to bring rice into Nigeria

Heineken Lokpobiri, minister of state for agriculture, says because of the Economic Community of West African States (ECOWAS) protocol, neighbouring countries are being used to smuggle rice into Nigeria.

Stuart Symington: Nigerians represent real, sustainable wealth of nation

US Ambassador to Nigeria, Stuart Symington, says Nigerians represent real and sustainable wealth of the country, saying true leadership must showcase the people

NAFDAC: Six billion tablets of Tramadol worth N193 billion intercepted in 1 year

Prof. Mojisola Adeyeye, Director-General, National Agency for Food and Drug Administration and Control (NAFDAC), says the agency has intercepted more than six billion tablets of Tramadol worth about N193 billion in the last one year.

Ogbonnaya Onu: Newly-released cotton not harmful to Nigerians

In a bid to boost cotton production and rejuvenate ailing textile industries, Minister of Science and Technology, Ogbonnaya Onu, has said the newly-released transgenic cotton seeds into the country, is not harmful to human beings.
Blac Chyna

Nigerians ‘drag’ Blac Chyna over planned sales of bleaching cream

Nigerians on social media have expressed their displeasure over Blac Chyna’s upcoming bleaching cream sales in Lagos.

Unity Bank de-risks balance sheet

Unity Bank of Nigeria Plc has announced a total derisking of its balance sheet, ridding the bank of toxic legacy assets and paving the way for significantly improved return on shareholder value in the coming years.
Atiku Abubakar

PDP: Atiku Abubakar will reduce fuel price

Nigerians are enjoyed reduced cost of petrol if Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) is elected president.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN affair casts shadow over Nigeria economy

Nigeria's decision to order South African telecoms giant MTN to repay billions of dollars that it had allegedly illegally repatriated over a period of eight years could sour investor sentiment towards the country as it still struggles to recover from a deep recession two years ago, analysts say.

Recent Stories

A notorious kidnapper and cattle-rustler, Abdulrahman Muhammad, said they (bandits and kidnappers) usually hide their guns and other deadly weapons under the seat of motorcycles when they want to go and carry out their illicit operations.

Suspect: How we procure, hide weapons used for kidnapping

A notorious kidnapper and cattle-rustler, Abdulrahman Muhammad, said they (bandits and kidnappers) usually hide their guns and other deadly weapons under the seat of motorcycles when they want to go and carry out their illicit operations.

Lagos sacks 34 LASTMA officers, as deputy governor issues warning

The Lagos State Government on Friday said it has sacked 34 officers of the Lagos State Traffic Management Authority, LASTMA, over cases of extortion and others.

MOSOP raises alarm over sale of fake employment forms in Ogoniland

The Movement for the Survival of the Ogoni People (MOSOP) has raised the alarm over sale of fake employment forms of the Hydrocarbon Pollution Remediation Programme (HYPREP) in Ogoniland.
Nigeria skipper John Obi Mikel says that his return to international football was in accord with the discussion he had with coach Gernot Rohr, in which they agreed that he would only come back when he feels he is ready to give his very best again.

Mikel Obi: I want to win Nigeria’s fourth AFCON title with Super Eagles

Super Eagles captain John Mikel Obi hopes he can help the team claim a fourth Africa Cup of Nations title in Egypt after finishing in third position with the side the last time the North Africans hosted the tournament in 2006.

Anambra: Why NYSC is yet to move to permanent site at Umuawulu – coordinator

The Anambra State coordinator of the National Youth Service Corps (NYSC) Mr. Kehinde Aremu has given reasons why they have not moved to permanent site in Umuawulu/Mbaukwu in Awka South.