Category: Business

BUA Cement, Nigeria’s second-largest cement maker, has debunked claims that it plans to increase the price of cement. BUA Cement, Nigeria’s second-largest cement maker, has debunked claims that it plans to increase the price of cement. The company disclosed this in a statement on Sunday. This comes after reports that costs of building material have risen by […]

Nairametrics gathered information on banks that incurred the highest personnel expenses in 2020. One of the crucial roles of an organisation’s leadership is the management of its human capital. This is because the people who work for an organisation are responsible for producing economic value and ultimately building the wealth of shareholders. In 2020, the […]

BUA Cement Plc, has refuted claims about any purported increase in the ex-factory price of its cement by N300 per bag. The second-largest cement producing company in Nigeria, BUA Cement Plc, has refuted claims about any purported increase in the ex-factory price of its cement by N300 per bag. This is as BUA blames the […]

Nigerians are reportedly shunning the country’s currency, naira, for foreign notes. This move is to escape the weak local currency which has a high volatility amid rising inflation rate. In the past four years, the naira has weakened to dollar demand, depreciating from N305/$1 value as at the end of December 31, 2016, to N410 […]

The Federal Government has granted the Nigeria Liquefied Natural Gas (NLNG) company a N20 billion tax waiver for constructing the Bodo Bonny Bridge in Rivers State. This was disclosed by the Federal Inland Revenue Service (FIRS) when it presented the road infrastructure credit certificate to NLNG in Abuja on Thursday. President Muhammadu Buhari signed the […]

The automobile giants will join Toyota-Suzuki, Nissan, Kantanka, Volkswagen, and Sinotruck who already have plants in Ghana. Few weeks after Twitter announced its plans to open its first African office in Ghana, Hyundai and Kia have also concluded plans to set up an assembly plants in Ghana by 2022. The automobile giants will join Toyota-Suzuki, […]

According to Garba Shehu, the FG stands behind Minister Pantami and all Nigerian citizens to ensure they receive fair treatment, fair prices, and fair protection in ICT services. The Presidency has dismissed the ongoing smear campaign against the Minister of Communication and Digital Economy, Dr Isa Pantami, instigated by those who want him to be […]

The FG disclosed that technology can be used as a catalyst to solve the youth unemployment crisis in Nigeria. The FG disclosed that Technology can be used as a catalyst to solve the youth unemployment crisis in Nigeria, citing that embracing tech and infusing it into business processes will make organisations and the country more […]

Nigeria’s Minister of Defence has stated that there’s a lot of ongoing military cooperation, through the MNJTF, which is expected to continue. Nigeria’s Minister of Defence has stated that there’s a lot of ongoing military cooperation, through the MNJTF, which is expected to continue. “If there’s no security in Chad there will be a lot […]

To join in the contest, entrepreneurs are to post a 1-minute video of themselves explaining how N1 million will boost their businesses. Interswitch has announced a virtual pitch tagged ‘Boost your business with Quickteller’ where one business owner has the opportunity to win N1 million cash. The promo is believed will help businesses signed onto […]

A few days after Dangote Cement was accused of selling the commodity at higher price, the Senate on Tuesday called for the liberalization of cement policy to boost production and reduce its price in the country. Six lawmakers led by Senator Lola Ashiru pushed for reduction in the price of cement and by extension other building materials […]

The Chairman of the Nigerian Economic Summit Group (NESG), Asue Ighodalo, said on Tuesday the Nigerian business environment is over-regulated by the Federal Government. Ighodalo, who disclosed this at a forum in Abuja, said the tight regulation is affecting the Nigerian market and preventing foreign investors from coming to the country. He was reacting to […]

The Senate on Wednesday approved the sum of N257.18 billion as the Nigerian Customs Service budget for 2021. The upper legislative chamber also approved the N1.678 trillion revenue target for the service this year. The approval followed the consideration and adoption of the report of the Senate Committee on Customs Excise and Tariffs after the […]

Investors’ activities on the floor of the Nigerian Stock Exchange lifted the equity capitalisation to N20.46 trillion at the close of trading on Wednesday. This was higher than the N20.41 trillion recorded on Tuesday. The All Share Index also increased by 0.29 percent to move from 39,015.58 to 39,112.98 on Wednesday. Investors traded in 234.68 million shares […]

Airtel Africa has raised $500 million loan from JP Morgan, Bank of America, Citibank, HSBC and four others others to finance another debt which the telecommunications company owes. The network provider used the capital raised to partially finance the €750 million Euro-denominated bond which is due on May 20, 2021, a statement from Airtel Group […]