Category Archives: Business & Finance News Updates

Court remands 2 businessmen in Kuje prison: N110m fraud

Court remands 2 businessmen in Kuje prison

FCT High Court in Apo on Wednesday ordered two business men, Moses Esuga, and Nasir Mohammed, to be remanded in Kuje prison over their alleged

MTN Nigeria wants to follow Safaricom’s M-Pesa story in Africa

MTN Nigeria wants to follow Safaricom's M-Pesa story in Africa

MTN Nigeria wants to follow Safaricom’s M-Pesa story in Africa with the launch of mobile money The payment service banks have been successful in Kenya

Sears jumped as much as 28% Wednesday

Sears jumped as much as 28% Wednesday

Sears pops after report says its closing in on a deal that could keep it open through the holidays (SHLD) Sears jumped as much as

NSE : Trading closes on negative note, market capitalisation loses N18bn

NSE : Trading closes on negative note, market capitalisation loses N18bn

Activities on the Nigerian Stock Exchange (NSE) reversed to the negative territory on Wednesday due to profit taking with the market capitalisation shedding N18 billion.

Adamawa Assembly approves N5b loan for payment of LG workers` salary arrears

Adamawa Assembly approves N5b loan for payment of LG workers` salary arrears

Adamawa House of Assembly on Wednesday granted approval to Gov. Muhammadu Bindow’s request to source for N5 billion loan from UBA Plc to pay salary

Delta Govt approves N300m for students’ bursary

Delta Govt approves N300m for students’ bursary

Delta Government has approved N300 million for students of the state origin that applied for the 2017/2018 academic session Students’ Special Assistance Scheme. The State

Fayemi demands refund of N21bn spent on federal roads

Fayemi demands refund of N21bn spent on federal roads

Governor Kayode Fayemi on Wednesday sought the intervention of the Senate for the refund of N21 billion spent on the construction and rehabilitation of federal

Naira gains 50 kobo against dollar at parallel market

Naira gains 50 kobo against dollar at parallel market

The naira on Wednesday gained 50 kobo to exchange at N361 to the dollar at the parallel market in Lagos. The News Agency of Nigeria(NAN)

Knowledge sharing to drive Industry 4.0 in developing economies

Knowledge sharing to drive Industry 4.0 in developing economies

The potential of Industry 4.0 may not be realised without knowledge-sharing to raise awareness about the challenges and opportunities in it. This was the view

Investigations uncover serial alleged frauds by Skye Bank Plc’s managers

Investigations uncover serial alleged frauds by Skye Bank Plc’s managers

•Polaris Bank enables access to N950b depositors’ fund The preliminary reports of the ongoing investigations of the management of the defunct Skye Bank Plc, have

SON releases new standards for beans planting

SON releases new standards for beans planting

The Standards Organisation of Nigeria (SON), has unveiled new Nigerian Industrial Standards (NIS), and Codes of Practice for planting beans seed across the country. In

Planned electronic IPO tickles stakeholders

Capital market stakeholders have described the planned introduction of electronic initial public offers (e-IPOs), by capital market regulators as a step in the right direction,

Financial stocks contribute 84 per cent of NSE’s equity turnover

Financial stocks contribute 84 per cent of NSE’s equity turnover

The financial services industry (measured by volume) led the activity chart at the end of last week’s transactions on the floor of the Nigerian Stock

How to maximise your ATM card

There are many benefits of using the bank’s Automated Teller Machine. One of them is the quick cash withdrawal. As the name suggests and is