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US wins backing for global minimum corporate tax rate

US wins backing for global minimum corporate tax rate

Officials from 130 countries and jurisdictions have thrown their support behind the United States’ proposal to require a minimum global tax for corporations starting at 15 percent, a key step in curbing corporate tax avoidance and a major victory for [...]

July 2, 2021 Business, Economy
Nigeria’s national air carrier to begin operation in 2022

Nigeria’s national air carrier to begin operation in 2022

Nigeria will begin the operation of a new national air carrier in the first quarter of 2022, the Minister of Aviation, Hadi Sirika, announced Wednesday. Mr Sirika said this while speaking to journalists after the Federal Executive Council presided by Vice President [...]

May 20, 2021 Business
More International Firms Prefer Ghana To Nigeria

More International Firms Prefer Ghana To Nigeria

The recent decision of social media giant, Twitter, to set up its Africa office in Accra, Ghana, has reopened talks on how Nigeria increasingly lose similar opportunity even as more companies relocate to the Ghanian capital. Daily Trust on Sunday [...]

April 20, 2021 Business
LG Electronics To Shut Down Its Mobile Phone Business

LG Electronics To Shut Down Its Mobile Phone Business

The South Korean electronics manufacturer, LG, is closing its loss-making mobile phone business. The board of directors approved the move on Monday, LG Electronics said in a statement released in Seoul. The shutdown of LG’s mobile phone sector is expected [...]

April 6, 2021 Business
Tips To Get Jobs Faster In UAE (Dubai) As A Nigerian

Tips To Get Jobs Faster In UAE As A Nigerian

Hello guys, it’s Dubai boy again. Based on several requests and popular demand, I decided to make a video about tips to get jobs faster as a Nigerian in any foreign country.. particularly UAE (Dubai). Firstly let me debunk the [...]

March 24, 2021 Business
47 IMTOs get approval to operate in Nigeria

47 IMTOs get approval to operate in Nigeria

The Central Bank of Nigeria (CBN) has approved 47 companies to operate as international money transfer operators (IMTOs), an effort interpreted as a move towards breaking the historical dominance of the industry cartel and liberalising the market. A document released [...]

March 23, 2021 Business
Global middle class shrinks

Global middle class shrinks for first time since 1990s

The global middle class shrank for the first time in decades last year because of the Covid-19 pandemic, with almost two-thirds of households in developing economies reporting they suffered a loss in income, according to two new estimates based on [...]

March 19, 2021 Business
Market capitalisation

Market capitalisation plunges by N8 billion

Transactions on the Nigeria Stock Exchange (NSE) reversed the previous session’s gains to close on a downturn yesterday, with market capitalisation depreciating by N8 billion. The All-Share Index (ASI) fell by 14.68 absolute points, representing a decline of 0.04 per [...]

March 19, 2021 Business
Dependent On Expensive Borrowing

Nigeria Depends On Expensive Borrowing

The International Monetary Fund has said that Nigeria’s “over-Optimistic” revenue assumptions has made the government dependent on expensive borrowing from the Central Bank of Nigeria. The IMF stated that plans to increase Value Added Tax and minimum wage would also [...]

March 16, 2021 Business, Economy
Nigerian Traders In Ghana Raise Alarm Over Fresh Closure Of Shops

Nigerian Traders In Ghana Raise Alarm Over Fresh Closure Of Shops

Nigerian traders residing in Ghana under the auspices of National Association of Nigerian Traders have called on the Nigerian government to take urgent action, following reports that Ghanaian authorities were embarking on a fresh round of closure of shops belonging [...]

December 1, 2020 Business
Nigeria Spends $500m Annually Importing Palm Oil

Nigeria Spends $500m Annually Importing Palm Oil, Agric Ministry Says

Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was spending about $500m annually on oil palm imports. At the national workshop on oil palm organised in Abuja by Solidaridad, [...]

November 20, 2020 Business
Was Nigeria Created For Dangote Or Was Dangote Created For Nigeria?

FFK: ‘Was Nigeria Created For Dangote Or Was Dangote Created For Nigeria?’

The Nigerian government has allowed Dangote Cement to resume exports across its land borders which have been closed for over a year; and this has raised brows, IgbereTV reports BUA Group and a gas company have also received presidential approval [...]

November 11, 2020 Business
Lift Ban On Betting Shops

Betting Companies In Kaduna Urge State Government To Lift Ban On Betting Shops

The Association of Nigerian Bookmakers is the national trade association of sports betting operators and our attention has been drawn to the recent forceful closure of several sports betting shops across Kaduna State by officials of Kaduna State Internal Revenue [...]

September 21, 2020 Business

GBFoods Completes ₦20billion Tomato Processing Factory In Kebbi State

Multinational culinary product manufacturer GBfoods has commissioned the recently completed tomato processing factory in northwestern Nigeria, the company said Monday. The ₦20 billion plant, located in Kebbi State, was built in partnership with the Central Bank of Nigeria, Kebbi State [...]

June 20, 2020 Business
Novare lekki

Novare Tenants Get 4-Month Free Rent In Abuja And Lagos

A South African real estate investment firm, Novare, said on Wednesday that tenants at its three shopping malls in the Federal Capital Territory (FCT), Abuja and one in Lagos would not pay rent for four months. The firm also donated [...]

June 4, 2020 Business

FG Appeals To Traders, Transporters Not To Hike Prices during Pandemic

The Federal Government has appealed to traders not to hike prices of food items and transportation as the country battles to contain the Coronavirus (COVID-19) global pandemic. Alhaji Lai Mohammed, the Minister of Information, Culture, and Tourism, made the appeal [...]

May 22, 2020 Business
coronavirus pandemic

Billionaires Supporting Fight Against COVID-19

There is no doubt that the coronavirus pandemic has exposed the frailties of the human race. It has also wrecked the world economy. However, it has also brought out the best in some people as many Nigerians have come to [...]

May 10, 2020 Business
Nigerian Entrepreneurs

Adegoke Olubusi, Bolatito Ovia, Dimeji Sofowora Who Launched Helium Health

Meet Nigerian Entrepreneurs Who Raised $10M To Transform Africa’s Healthcare – Forbes For decades African hospitals had been operating entirely manually, from taking notes on paper on how many patients entered the hospital on any given day, to what type [...]

May 9, 2020 Business

Lagos Orders Markets To Open On Selective Dates Over COVID-19

The Lagos State Government has issued new guidelines for the reopening of markets and shopping malls in the state as part of efforts to curb the spread of the Coronavirus pandemic following Governor Babajide Sanwo-Olu’s announcement of the gradual easing [...]

May 4, 2020 Business
Five Containers Laden With Rotten Fish, Other Edibles, Found In Apapa

Five Containers Laden With Rotten Fish, Other Edibles, Found In Apapa

Two safety agencies of Lagos State Government on Monday discovered five containers laden with rotten fish and other edibles in Apapa area of the state. The Hope For Nigeria Online learnt that the shocking discovery was made during a site [...]

October 29, 2019 Business
Coscharis and Stallion Group Industries Limited

Dangote, Coscharis, Stallion Group To Partner With Ekiti To Set Up Rice Mill

Hope For Nigeria Online reports that the governor of Ekiti State, Dr. Kayode Fayemi, said that his administration was in partnership talk with Dangote, Coscharis and Stallion Group Industries Limited to set up a rice mill in the state. The [...]

October 20, 2019 Business
Ajaokuta Steel Company

FG Says It Is Partnering The Russian Government To Revive Ajaokuta Steel Company

The Federal Government says it is partnering the Russian government to revive Ajaokuta Steel Company. Minister of Mines and Solid Minerals Development, Mr Olamilekan Adegbite, disclosed this at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development [...]

October 19, 2019 Business
Dangote's Multi-billion Naira Greenhouse Farm

Dangote’s Multi-billion Naira Greenhouse Farm Commences Operations

Dangote’s Multi-billion Naira Greenhouse Farm The multi-billion High–Tech Greenhouse Farm established by Dangote Farms Limited, geared at boosting the cultivation of high-quality tomatoes in the country, has commenced full production in the commercial city of Kano. The farm which is [...]

October 6, 2019 Business
Selling Akube/okirika Clothes

Islamic Rulings On Buying And Selling Akube/okirika Clothes

Selling Akube/okirika Clothes: Ruling on buying and selling used clothing from the west Question What is the Islamic ruling on buying and selling used clothing that comes from Western countries, which includes all types of clothing and shoes that come [...]

October 4, 2019 Business

Xenophobia: Why we closed our embassy in Nigeria – South Africa

Xenophobia: The South African Acting High Commissioner to Nigeria, Bobby Moroe, on Thursday confirmed the closure of the country’s missions in Nigeria. Ms Moroe on Thursday that the closure was sequel to the directive from his country’s government. The envoy [...]

September 6, 2019 Business
Nigerian Breweries

INVESTIGATION: How Nigerian Breweries protected its Dutch CEO suspected of corruption

Heineken suddenly transferred the Managing Director of Nigerian Breweries, Nico Vervelde, to Singapore shortly after Nigerian police interrogated him for alleged corruption. This case would have been buried if journalists Olivier van Beemen and Femke van Zeijl had not picked it [...]

September 3, 2019 Business

Confusion over Buhari’s stance on food imports, CBN’s autonomy

• Nation short on rice, sugar, maize, wheat, others, say experts• Policy anti-people, ill-timed, PDP declares• Manufacturers, OPS urge caution, want codes for items• ‘Why the presidency might be compromising apex bank’ There is confusion over the state of food [...]

August 16, 2019 Business
Labourer Won A Saloon Car From Dangote

Labourer Won A Saloon Car From Dangote (Photo)

Labourer Won A Saloon Car From Dangote A labourer at a block moulding industry in Lagos, Mujahid Shiabu, was recently announced as the winner of a Dangote Cement consumer promotion tagged, Dangote Bag of Goodies promo. The management of Dangote [...]

August 9, 2019 Business
World's Largest Atmospheric Tower For Dangote Refinery

World’s Largest Atmospheric Tower For Dangote Refinery Sets Sail From China

World’s Largest Atmospheric Tower For Dangote Refinery A piece of equipment that will process crude oil for Nigeria’s Dangote refinery set sail on Monday from China, oil company Sinopec said in a tweet. The 650,000 barrel per day (bpd) refinery [...]

July 30, 2019 Business, General
Maritime Workers Begin Strike

Maritime Workers Begin Strike: Apapa Port, Others Shut

Maritime Workers Begin Strike: Maritime workers under the aegis of the Maritine Workers Union of Nigeria (MWUN) on Wednesday made good their threat of protesting over their unpaid entitlements by the International Oil Companies (IOC) by grounding port operations. As [...]

July 3, 2019 Business