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

CBN
Central Bank Of Nigeria Cuts MPR; Lending Rate
The Central Bank of Nigeria (CBN) has slashed the Monetary Policy Rate (MPR), otherwise known as lending rate, by 50 basis points to 13.5 per cent from 14 per cent.
African Continental Free Trade Area: Kagame Speaks On Buhari, 'Nigeria problem'. (Image Credit: Twitter)
African Continental Free Trade Area: Kagame Speaks On Buhari, ‘Nigeria problem’
The President of Rwanda, Paul Kagame says Nigeria is sorting things out to get on the continental free trade area agreement, already signed by a majority of African countries.
FBN Holdings Records 178% Increase In Profits For 2017
President Buhari Celebrates First Bank On 125th Anniversary
President Muhammadu Buhari has lauded First Bank for its prudence and the hallmark of banking in the country as it marks its 125th birthday. 
Nigeria investment inflow
External Reserves Reach Five-month High At $43.507bn
Nigeria's external reserves has risen to a five-month high of $43.507 billion following increased foreign portfolio investments (FPIs) and stability in crude oil price. Concise...
nigeria stock market news
Nigeria Stock Market: Foreign Investors Withdraw N55bn
The Nigerian Stock Exchange (NSE) has said foreign outflows from the stock market rose by 97.8 per cent from N27.81bn in January 2019 to N55.01bn in February.
President Buhari Speaks After Signing Minimum Wage Bill
Chamber Of Commerce Calls On FG To Sign African Free Trade
Emeka Okereke, Director General, ECCIMA, has called on the Federal Government to reconsider the signing of the African Continental Free Trade Area (AfCFTA).
Aisha Buhari Commends Elumelu Foundation For Transforming Lives
Tony Elumelu Foundation (TEF) 2019 Winners Shortlist (PDF)
The Tony Elumelu Foundation (TEF) has released the shortlist of winners for its 2019 TEF Entreprenuer on Friday. 
Aisha Buhari Commends Elumelu Foundation For Transforming Lives
Aisha Buhari Commends Elumelu Foundation For Transforming Lives
The President's wife, Aisha Buhari, has lauded the Chairman of Tony Elumelu Foundation (TEF), Tony Elumelu, for transforming the lives of young entrepreneurs.
Presidency Reveals When N30,000 Minimum Wage Will Take Effect
Manufacturers Caution Nigerian Govt Against VAT Increment
The Manufacturers Association of Nigeria (MAN) has advised the federal government against increasing Value Added Tax (VAT) rate.
NNPC Says Nigeria’s Refineries Not Too Old
Nigeria Refineries Lose N132bn
The Nigerian National Petroleum Corporation (NNPC) has said the country's refineries' operating deficit jumped by 39 per cent to N132.5bn in 2018, compared to the previous year.
Presidency Reacts To TraderMoni Suspension
TraderMoni Scheme: VP Osinbajo Puts Market Tour On Hold
Vice-President Yemi Osinbajo has stopped his visits to markets across the country for the Tradermoni scheme of the Federal Government. 
Diamond Bank
NSE Suspends Trading In Diamond Bank Shares
The Nigeria Stock Exchange (NSE) has suspended trading in the shares of Diamond Bank Plc following the court sanction of the Scheme of Merger with Access Bank Plc.
President Buhari Reacts To Taraba, Adamawa Killings
FG Speaks On Selling Lagos Trade Fair Complex
The Federal Government has said it does not plan to sell the Lagos Trade Fair Complex as speculated, Concise News understands.
FIRS Boss Urges Nigerians To Prepare For VAT Increase
FIRS Boss Urges Nigerians To Prepare For VAT Increase
Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, on Tuesday called on Nigerians to be ready for an increase in Value Added Tax (VAT) by between 35 and 50 per cent in 2019.
Ikeja Electricity recruitment
NERC Rues Power Distributors’ Estimated Billing
Nigerian Electricity Regulatory Commission (NERC) has said that electricity distribution companies have not effectively implemented the methodology for estimated billing issued by the regulator. 
Checkout World’s Most Expensive Perfume Worth ₦471m Launched In Dubai (Photos)
World’s Most Expensive Perfume Worth ₦471m Launched In Dubai (Photos)
The Spirit of Dubai Parfums has unveiled the world’s most expensive and luxury unisex perfume, Shumukh, valued at Dh4.752 million (₦471m).
EZ-Farming US
Nigerian Startup EZ-Farming Rev Up Agritech Space With Highest ROI For Investors
Fast-rising Agritech startup, EZ-Farming has assured that its strategic agribusiness model of rapidly scaling small farms into commercial sizes and equipping the next generation of farmers.
Naira Gains Against Dollar
The Naira on Friday has gained against the dollar at the investor's window, exchanging at N360.18 to the dollar.
N33bn Pension Fund: Reps Panel Summons CBN, AGF
What Will Happen If Emefiele Is Retained As CBN Governor – Research Expert
Retaining Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) will impact Foreign Direct Investment (FDI), according to a Research Analyst Lukman Otunuga. 
afdb, AfDB president, Adesina
World Bank, AfDB Doles Out $47.5bn To Nigeria, Others
The World Bank and the African Development Bank has pledged to commit $47.5bn by 2025 to help African nations tackle climate change. 
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