The latest business news in Nigeria, Africa and the world.

Recession: You Need Foreign Direct Investment, US Tells Nigeria
The United States Consul-General in Nigeria John Bray says Nigeria, as Africa's most populated country, would overcome its economic recession by attracting more Foreign Direct Investment.
NSE: Market Capitalisation Up By N23bn
The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday closed on a positive trend, appreciating by N23 billion due to gains recorded by some blue chips.
Ban On Vehicle Importation: Car Dealers Plead For Review
Car dealers in Kano have appealed to the Federal Government to review the law banning the importation of used cars into the country through land borders.
Baru Okays Unbundling Of NNPC Into Three Entities
NNPC GMD, Dr Maikanti Baru, has given his consent to the unbundling of NNPC into three entities as enshrined in the Petroleum Industry Bill (PIB).
Video: MMM Is Demonic, Participants Are Possessed – Apostle Johnson Suleman
General Overseer of Omega Fire Ministries International, Apostle Johnson Suleman, has said that MMM investment scheme is demonic, urging participants to go for deliverance.
Experts Flay Govt Plan To Scrap Bank Of Industry (BOI)
A financial expert, Dr. Samuel Nzekwe, on Wednesday described the proposed plan by the Federal Government to scrap the BOI as 'inconsistent'.
Nigeria Needs Agricultural Extension To Defeat Recession – ABU VC
A Nigerian university vice-chancellor has advised the Federal Government to take agricultural extension services more seriously if it wants Nigeria to swim out of economic recession.
Govt Ban On Vehicle Importation Through Borders Lauded
The Operations Manager, Ports and Terminal Multiservices Ltd., Jack Angrish, on Wednesday, lauded the ban on vehicle importation through the land borders.
CBN Bars Interest Payment On Bank Deposits
Intervention Funds: CBN Cautions Banks Against Double-Digit Interest
The apex bank governor Godwin Emefiele has warned Participating Financial Institutions against charging double-digit rate on intervention funds guaranteed by the CBN.
Nigeria Stock Market Indices Down By 0.28%
Transactions on the Nigerian Stock Exchange (NSE) on Tuesday returned to the negative with indices shedding 0.28 per cent amid loses by major equities.
Oil Price Climbs $55.33 High After OPEC Agreement
Crude oil is now above 55 dollars a barrel as rising prospects of a tightening market following last week’s OPEC deal to cut production, which has given speculators impetus to increase bets on higher prices.
Customs Intercepts Container Of Jollof, Egusi Imported From India
The Tin-Can Island Command of the Nigeria Customs Service (NCS) has intercepted a 20ft container of 'ready to eat' foods like Egusi, Jollof Rice, Ogbono.
audu-ogbeh, Benue news
FG Considering Public Debate To Set Up Commodity Pricing Board By 2017
The Federal Government says it is considering holding a public debate in order to establish commodity pricing board by 2017.
Rice Hike, Act Of Sabotage By Unscrupulous Elements – RIFAN President
Rice farmers have assured Nigerians of their readiness to make the price of staple commodity affordable and accessible by 2017.
FG To Give Microloans To 1.2m Nigerians At 2-3 Percent Interest Rates
The Federal Government on Sunday said that 1.2 million Nigerians would be given microloans at two or three per cent interest rate as part of efforts to create jobs under its social investment programme.
N800 Billion Spent On Infrastructure In 2016 Highest In Recent Times – Presidency
The Presidency on Sunday in Abuja said that the Federal Government’s Economic team is strong and competent to discharge its duties.
Fertilizer: Nigeria-Morocco To Produce 1m Tonnes
Presidential spokesman Garba Shehu, who stated this in a statement, noted that the Fertilizer Producers and Suppliers of Nigeria and a Moroccan company, OCP, would work towards realising the goal.
BOA Begins Verification Of Anchor Borrower Beneficiaries In Cross River
The Bank of Agriculture (BOA) has commenced the verification of rice farms of the beneficiaries of the CBN’s Anchor Borrowers Programme in Cross River.
Nigerians In U.S. Celebrate Trump’s Appointment Of Bayo Ogunlesi
The Nigerian community in U.S. has lauded the appointment of Bayo Ogunlesi by U.S. President-elect Donald Trump into his Economic Advisory Team, saying it could signal a positive trend for Africa.
Over 21 Million Workers Still Trapped In Slavery — ILO
The International Labour Organisation (ILO) on Friday said that more than 21 million workers are still trapped in slavery and forced labour around the world.
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