Category: Business

The NCC stated that it had been inundated with requests related to trial frequencies for the purpose of verification of certain concepts. The National Communications Commission (NCC) has released application requirements for trial frequencies in certain spectrum brands under the Proof of Concept (POC) Trial license. This was disclosed on Wednesday, April 14, 2021, in a statement […]

UBA has been assisting with essential tips to help businesses ensure that they stay afloat and remain thriving. As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the continent, Pan African financial Institution, United Bank for Africa (UBA) Plc, is set to organise the next […]

The FG has denied revoking 32 refinery licenses that were issued to some private companies across the country. The Federal Government has denied revoking 32 refinery licenses that were issued to some private companies across the country. The reaction follows reports making the rounds in some section of the media that the government has revoked […]

BUA Cement has paid shareholders a dividend of N129 billion in 2 years. BUA Cement Plc, one of Nigeria’s leading cement producers has recommended a total dividend payout of about N70 billion from the profits made in 2020. The company will be paying shareholders a dividend of N2.067 per share for all the outstanding 33,864,354,060 […]

Burger King is expected to employ about 6,000 people (direct and indirect) in Nigeria between 2021 and 2026. Burger King, an American multinational hamburger fast food chain, is expected to start its operations in Nigeria by the fourth quarter (Q4) of 2021. The company is also expected to employ about 6,000 people (direct and indirect) […]

Only successful applicants that are contacted by the Ministry are to report at the training venue. The Federal Government through the Ministry of Youth and Sports disclosed that the selection process for the upcoming Digital Skills Training has been concluded for the #DigitalSkillsTraining from April 11th to 30th, 2021. This was disclosed in a statement by the […]

Agric, health, insurance, and food delivery sectors are taking the center stage in tech innovations. Every year, the innovations unlocked by technology grows at a rapid rate. Major disruptions like a pandemic, always reveal opportunities for technology to advance a society. In Nigeria, the pandemic forced many industries to adopt technology in nearly every facet […]

Access Bank topped its spending on digitalization to enable it compete. Nigeria’s largest bank by assets, Access Bank revealed it spent a whopping N18.7 billion in IT and E-Business related initiatives in 2020. The figure is nearly double (92% higher) the N9.7 billion spent in 2019. The same expense line cost it N11.39 billion in […]

The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap. The Lagos State Government announced it is seeking private sector collaboration for Agriculture sector value chain development in livestock feed mills, fisheries and red meat. This was disclosed by the State Commissioner for Agriculture, Ms Abisola Olusanya, in a statement […]

The Central Bank of Nigeria (CBN) is to freeze the bank account of Belfour Oil and Gas Limited, Kacynaus Reality Nigeria Limited and many others after receiving an exparte order. The apex bank had approached the bank for the exparte last month to freeze the accounts of eleven accounts belong to defendants Albert Austin Ugochukwu, whose […]

Last year turned out to be a disappointing period for many oil companies, and Seplat Petroleum was one of them as it also recorded significant losses. The oil firm recorded a loss of $114.4 million. That’s a significant amount when converted to naira, N41.1 billion. This loss was incurred on a disputed oil block, OML […]

Telecoms company, MTN Nigeria, has agreed to return to the old percentage for commission on Unstructured Supplementary Service Data (USSD) to Nigerian bank, after a meeting between them. The network provider said the USSD commission that will now be paid out to deposit money banks will be 4.5 percent. The decision came after MTN subscribers […]

Dangote Cement has a market capitalization of N3.65 trillion, while BUA posts a N2.49 trillion capitalization, but does size win? I want to review the performance of the largest quoted companies in Nigeria.On the Nigerian Stock Exchange, they don’t come any bigger than Dangote Cement (Dangote) and BUA Cement (BUA). Only MTNN stands with both […]

Arrangements leading to the eventual disposal of Shoprite Nigeria is at the final stage. Africa’s retail giant, Shoprite holdings Limited, has revealed that arrangements on the complete disposal of its Nigerian Subsidiary, retail Supermarkets Nigeria Ltd was being completed. The South African based retail behemoth had first disclosed its intention to leave the country last year, owing […]

The International Monetary Fund (IMF) has raised its economic growth forecast for Nigeria   in 2021 to   2.5 per cent. The IMF had earlier projected that the nation’s economy as measured by the Gross Domestic Product (GDP) will grow by 1.5 per cent in 2021 per cent. The new projection was contained in the […]