Business

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

NSE: Investors Lose N265bn
Stock Market: NSE Postpones Listing Of Airtel Africa
The Nigerian Stock Exchange (NSE) has postponed the planned cross border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa.
FBN Holdings Records 178% Increase In Profits For 2017
First Bank Announces Plan For Widows
First Bank of Nigeria Limited says it will scale up its empowerment of widows to 500 before the end of the year.
NNPC fuel importation
CBN Doles Out $3.6bn To Oil Marketers For Fuel Importation
The Nigerian National Petroleum Corporation (NNPC) has said $3.6bn was handed to oil marketers for the importation of petroleum products into the country. 
President Buhari Agrees To Sign African Free Trade Agreement
President Muhammadu Buhari will finally sign the African Continental Free Trade Area (AfCFTA) agreement and treaty this weekend.
Maritime Workers Start Nationwide Industrial Action
Maritime Workers Start Nationwide Industrial Action
The Maritime Workers Union of Nigeria (MWUN) has embarked on a nationwide strike on Wednesday over unpaid wages, and other issues. 
Aiteo To FG: Curtail Crude Oil Theft
Aiteo To FG: Curtail Crude Oil Theft
Chief Executive Officer of the Aiteo Eastern Exploration and Production Company, Victor Okoronkwo charged the Federal Government to help curtail the menace of crude oil theft in the country.
FG To Increase Representation In DisCos’ Boards
FG To Increase Representation In DisCos’ Boards
Bureau of Public Enterprises (BPE) on Monday revealed that the Federal Government said it will increase its representation on the boards of electricity distribution companies (DisCos) by two given its 40 per cent shareholding. 
OPEC
Nigeria’s Barkindo Re-elected OPEC Secretary General
The Organisation of Petroleum Exporting Countries (OPEC) has re-elected Mohammed Barkindo as Secretary-General for a second three-year tenure.
States Refuse To Remit N3.4bn Pension Fund – PenCom
The acting Director-General, National Pension Commission, Aisha Dahir-Umar has disclosed that some States have refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators.
FAAC Disburses N679.69bn To FG, States, LGs For May
The Federation Account Allocation Committee (FAAC) has disbursed N679.69 billion to the Federal Government, States and Local Government Councils as revenue for the month of May.
Central Bank Deputy Governor To Step Down By June Ending
Central Bank Deputy Governor To Step Down By June Ending
South Africa's Central Bank Deputy Governor, Daniel Mminele, will retire by the end this Month (June) after 10 years on the job, Concise News reports.
FG Woos Foreign Investor For Mining Sector, Heads To London Exchange
We Are Committed To Gold Mining, Prevention Of Smuggling – FG
The Federal Government has expressed its commitment to the mining of gold and the prevention of smuggling of the commodity. 
FG Rakes Up Over N10tr From TSA
NDIC: 60 Percent Of Nigerians Have No Access To Finance
The Nigeria Deposit Insurance Corporation (NDIC) has said that about 60 per cent of Nigerians lacked access to finance. 
NNPC Set To Begin Oil Exploration In Benue
NNPC Set To Begin Oil Exploration In Benue
Governor Samuel Ortom has assured the Nigeria National Petroleum Corporation (NNPC) of the security and safety of workers as it begins the exploration for hydrocarbon.
FG Pays N610.2bn Interest On Domestic Debts In Q1 2019
Nigeria’s Terms Of Trade Rise By 2.3% In Q1 2019
The National Bureau of Statistics (NBS) on Tuesday disclosed that the nations' Terms of Trade (ToT) rose by 2.3 per cent in the first quarter of 2019.
FG Set To Pay N649bn Final Tranche Of Paris Club Refund To States
FG To Raise VAT To 7.5% By 2020, Reveals Ex-Finance Minister
The immediate past Minister of Finance, Zainab Ahmed, has disclosed that the government has plans to raise value-added tax to 7.5% by 2020 from the present 5%.
Smuggling: CBN Blocks Accounts Of Perpetrators |Nigeria News
CBN Governor Emefiele Unveils Economic Agenda For Nigeria
The Central Bank of Nigeria (CBN) Governor Godwin Emefiele has unveiled his economic plan for the country. 
Otedola To Invest $1bn In Power Generation After Selling Forte-Oil
Otedola To Invest $1bn In Power Generation After Selling Forte-Oil
Nigerian Billionaire, Femi Otedola shifts his focus to power generation after selling Forte-oil as he is set to invest an estimated $1 billion in the power plant.
Apapa: What We Are Doing To Resolve Perennial Traffic Gridlock – FG
Vice President Yemi Osinbajo has noted that clearing of the trailers along routes close to the Apapa port is one of the ways of tackling the perennial gridlock. 
MultiChoice-CEO-Calvo-Mawela-Firm-set-to-cut-2200-jobs-in-customer-service-
MultiChoice Reveals Plans To Lay Off 2200 Workers
The Chief Executive Officer of MultiChoice Group, Owners of DSTV and GOTV, Calvo Mawela has revealed plan of the organization to lay off close to 2,200 workers in South Africa in a shake-up of its customer service.
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