Business

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

TSTV
TStv Denies Allegations Of Piracy
New satellite TV provider, Telcomsat Television (TStv) has denied the veracity of a letter alleging illegal pirating of some TV content.
Nigeria’s Economy Must Be Diversified – Oby Ezekwesili
A former Minister of Education Oby Ezekwesili has said Nigeria will be forced to 'drink' her fossil fuel if the economy is not diversified.
NLNG Wins Court Case Against NIMASA
A Federal High Court in Lagos on Tuesday held that Nigeria Liquified Natural Gas Ltd (NLNG) was right in refusing to pay levies demanded by the NIMASA.
Works Ministry To Get N100bn Sukuk Bond
The Minister of Finance, Kemi Adeosun, has disclosed that proceeds of the N100 billion Islamic bond, Sukuk, will be released to the Ministry of Works on Thursday.
FG To Release Second Tranche Of Capital Budget
Minister of Finance Kemi Adeosun ​has said FG would soon release the second tranche of the N2.1 trillion capital expenditure.
MTN To Appeal Court Order To Pay Ex-Manager N4.83bn
MTN has insisted that it will approach a higher court to be served in the case between the company and a former manager, Paul Odunewu.
No 10-year Tax Holiday For Dangote
The management of Dangote Group has denied speculations that the company would enjoy a 10-year tax holiday from the Federal Government.
LG Unveils Mosquito Repellent Smartphone
Phone manufacturer, LG, says its latest smartphone could stop you from catching malaria.
Air France A380 Makes Emergency Landing Over Damaged Engine
An Air France A380 superjumbo carrying more than 500 people made an emergency landing in Canada after suffering "serious damage" to one of its engines.
Former MFM Pastors Accuse Olukoya Of Illegal Importation
Former church members of MFM have accused Pastor Daniel Olukoya, of engaging in fraudulent activities in the US by evasion of duties owed to US authorities.
Agriculture Is The ‘Greatest Challenge’ In Cross River – Ayade
Governor Ben Ayade of Cross River state has identified agriculture as the greatest challenge of the state.
power generation
Why There Was Temporary Loss Of Power Nationwide – TCN
TCN says a temporary system collapse of the national electricity grid recorded on Sept. 28 was due to temporary loss of electricity generation.
FG, States, LG Share N638bn In Sept – FAAC
The Accountant General of the Federation, Ahmed Idris, says the Federal Government, state and local governments shared N638 billion in September.
How Nigeria Lost N30tr Export Revenue In Two Years
The DG of the NEPC, Segun Awolowo, says Nigeria lost over N30 trillion ( $100 billion) of national export revenue from 2015 to 2017.
DPR To Start Online Reg Of Petroleum Marketers
The Department for Petroleum Resources (DPR) says it will commence online registration for petroleum marketers from October.
SA Parliament Ends Relationship With KPMG Over Corruption Scandal
South Africa's parliament has cut its ties with KPMG following the company's involvement in a scandal linked to business associates of President Jacob Zuma.
Trump Calls For Major Tax Cut Plans
US President Donald Trump has called for major tax cuts as part of a longstanding Republican effort to overhaul the US tax system.
Naira Exchanges For N364/1$ As MPC Retains Lending Rate
The Naira exchanged at N364 to the dollar at the parallel market as the MPC meeting of the CBN holds benchmark interest rate at 14 per cent.
CAC Reduces Cost Of Business Registration
The cost of registration of businesses with the Corporate Affairs Commission (CAC) has been reduced and the processes simplified. This was disclosed on Tuesday by...
British Airways Fires Hostess Behind Racist Rant Against Nigerians
British Airways has sacked the hostess behind the racist video where the air hostess filmed herself ranting and insulting Nigerian passengers.
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