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

NCC Gives List Of Porting Activities Within Networks In February

The Nigerian Communications Commission (NCC) says porting activities within telecommunications service providers increased by 2,321 in February.

Oil Marketer Denies Stealing NNPC Products

Oil firm, MRS Limited, has denied allegations that it expropriated petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC).

Customs Boss Advocates Synergy With Clearing Agents

The Nigeria Customs Service (NCS) has called on clearing agents to work with the service to fight abnormalities and minimise delay in cargo clearance at the ports.

AMCON Declares N681bn Recoveries From Debtors In 6 Years

AMCON has recovered over N681.5bn from chronic debtors in the last six years of its operation, its Managing Director, Alhaji Ahmed Kuru, said in Abuja on Monday.

Stop Bribing Our Personnel, Eko Disco Warns Customers

Eko Electricity Distribution Company has warned its customers to desist from offering bribe or any form of gratification to its workers.

CBN Instructs Banks To Sell Forex At 360/$1

The Central Bank of Nigeria (CBN) has disclosed that it will sell foreign exchange to banks at N357/$1, beginning from Monday.

Internet Providers Lose Over One Million Subscribers In Feb. – NCC

Nigeria’s telecommunications networks lost 1,275,573 internet subscribers in February, with MTN being the highest losers as it lost 714,700.

CBN Lifts Naira To 12.36% Gains In One Week

CBN interventions in the interbank market has resulted in Naira's appreciation of 12.36 percent at the parallel market in the last one week.

FG Targets N14.67tn Investments Before 2017

The Federal Government is targeting an investment inflow of N14.67tn into the economy before the end of the 2017 fiscal period, figures obtained from the Ministry of Budget and National Planning have revealed.

Arik Airline Resumes Flight Operations

Arik airline has resumed services after flight operations were disrupted on Thursday following the protests by aviation unions in Lagos.

Naira Appreciates, Sells At N385 Per Dollar

The Naira has continued to appreciate further against the dollar, has it now sells at N385 to a dollar on the black market on Thursday.

China Lobbies Nigeria On ‘One China’ Policy, Promises $5 Billion Aid

The Chinese government has assured Nigeria of its readiness to invest $5 billion in infrastructure projects‎.

250,000 Kebbi Farmers To Become Millionaires – CBN

Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), has assured farmers in Kebbi that 250,000 of them would be millionaires in the state by the end of 2017.

South Africa Committed To Working With Nigeria – Envoy

South Africa’s High Commissioner to Nigeria Lulu Mnguni says his country is willing to work with Nigeria for Africa's development and creation of export market for both countries.

Ogun Govt. Prepares Farmland For Rice, Cassava Production

The Ogun state government says it has prepared over 16,000 hectares of farmland for the cultivation of rice and cassava in the 2017 planting season.

Nigeria Announces Visa On Arrival’ For Investors, To Be Issued Within 48 Hours

Nigeria Immigrations has announced the introduction of a liberalized online Visa on Arrival (VOA) facility to the public, especially foreign investors willing to invest in Nigeria.

Mile 2/Seme Border Expressway To Be Ready By 2019 – Ambode

Governor Akinwunmi Ambode of Lagos state says the Mile 2/Badagry/Seme Expressway will be completed in 2019. This is expected to facilitate trade and boost tourism in and around the ancient city.

Nigeria’s Economy Begins Climb Out Of Recession

Indications have showed that Nigerian is gradually coming out of recession with March Sales Managers’ Index (SMI) data suggesting that the Nigerian economy is starting to grow.

Naira Recovers, Exchanges At 405 Per Dollar

The naira exchanged at N405 per dollar, less than 24 hours after the Central Bank of Nigeria (CBN) monetary policy committee meeting.

Senate Approves $500m Eurobond Request

The Nigeria Senate has approved President Muhammadu Buhari's request for $500 million eurobond meant to finance the 2016 budget deficit.
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