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Polo lifts economy, luxury goods market

Polo Luxury Group has has reietrated its commitment to growing the economy through innovative products. The company has therefore...

Fed Govt, Sterling Bank, others partner on renewable energy

The Federal Government, Sterling Bank and Virtus Energy Solutions Limited are partnering to enhance power production for small businesses.

ASHON urges investors to seek advice from stockbrokers

The Association of Securities Dealing Houses of Nigeria (ASHON) has renewed calls on equity investors to seek the advice of professional stockbrokers...

NIDF delivers over 55% total returns to investors

The Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) has marked its second anniversary, delivering over 55 per cent of returns to...

ARM Life gets recognition from London, Nigeria stock exchanges

The London Stock Exchange has recognised ARM Life Plc, following its achievement and the unique contribution to the growth of the national...

‘Data recapturing to protect workers’ contributions against fruads’

The ongoing data recapturing of pension contributors and retirees by Pension Fund Administrators (PFAs) nationwide is meant to protect clients against cybercrime...

Investors count losses as stock market wobbles under unending illiquidity, low confidence

Before the inauguration of President Muhammadu Buhari in the first term of his administration on May 29, 2015, the stock market had...

Inflation rate: Economy worse off in Q2

With the benefit of hindsight the current inflation figures at 0.6 per cent released by the National Bureau of Statistics (NBS) which...

‘How Nigeria lost $5b to Olokola, Brass LNG projects’

Nigeria lost more than $5 billion to Olokola Liquefied Natural Gas (OKLNG)and Brass Liquefied Natural Gas (BLNG) because of bureaucratic bottlenecks, it...

Bank’s receiver takes over power firm’s assets over N4.6b debt

The Federal High Court in Lagos has restrained Shoreline Power Company Limited’s management from interfering with a receiver-manager, Taiwo Ogbara, appointed by...

Banks freeze interests on N800b oil marketers’ loans

Commercial banks have frozen interests on the N800 billion loans granted oil marketers, The Nation has learnt. They did so in...

Investors jittery as losses rise to N1.31tr

Many investors are in jitters as sustained losses depressed the share prices of most quoted companies to their lowest values in more...

Nigeria’s insurance capital requirement fair, says Ghana Commissioner

Ghana’s National Insurance Commissioner (NIC) Justice Yaw Ofori has described Nigeria’s insurance capital requirement as fair. According to him,...

We’re taming inflation, says Reserve Bank chief

South African Reserve Bank (SARB) Governor Lesetja Kganyago has said the country’s monthly inflation outcomes have stayed around the mid-point of the...

‘Risk perception trumps orthodoxy in Zimbabwe’

Zimbabwe’s Finance Minister Mthuli Ncube seems to be doing everything by the book as he pursues orthodox economic policy often prescribed by...

Cloud growth fuels IBM profit beat

International Business Machines Corp beat analysts’ estimates for second-quarter profit last week, propped up by recurring growth in its high-margin cloud business.

TUC threatens strike over N30,000 minimum wage

The Trade Union Congress (TUC) has threatened to go on strike over the non-implementation of the N30,000 new minimum wage.

‘How Africa’s fashion value chain can catalyse SDGs’

A group, Global Fashion Value Chain (GFVC) Federation of Africa, at the weekend, said if the continent’s fashion value chain is thoroughly...

‘Shareholders key to our business’

Oil and gas firm Lekoil has said value appreciation for shareholders will be the core of its operational strategy this year.

Firm pledges prompt claims payment

Underwriting firm, Linkage Assurance Plc, has assured its broker partners and potential customers of the company’s commitment to prompt settlement of claims,...

Nigeria, Morocco partnership: Leeway for tech startups

A number of partnership deals in fertiliser production, oil & gas and technology attests to an upswing in economic relations between Nigeria...

WAICA Re grows authorised share capital to $100m

WAICA Reinsurance Plc (WAICA Re) has an authorised share capital of $100 million with paid-up share capital amounting to $50 million under...

Sell over N20b exotic cars in Customs commands, Ali urged

The Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), has been urged to sell all the seized exotic cars...

DPR, Navgas, others push for oil, gas safety

Stakeholders in the oil and gas industry have said there is urgent need to promote safety in the sector. They spoke at...

Philly Fed’s business index hits one-year high

The Philadelphia Federal Reserve said last week its barometer on business activity in the United States (U.S.) Mid-Atlantic region jumped to its...

NADDC, FRSC for auto journalists’ workshop

The National Automotive Design & Development Council (NADDC) Director-General and the Federal Roads Safety Corps (FRSC) Corp Marshal Boboye Oyeyemi will lead...

Dana Motors introduces new brand

Dana Motors Limited in partnership with Dongfeng Motor Corporation (DFM) have introduced adjudged best East Asia brand of vehicles to the local...

LG eyes 50% market share

LG Electronics is eyeing about 50 per cent market share with its latest range of heating, ventilation and air conditioning systems in...

Maritime efforts paying off, says El-Rufai

Kaduna State Governor Mallam Nasir El-Rufai has praised the Nigerian Maritime Administration and Safety Agency (NIMASA) Director-General, Dr. Dakuku Peterside, tfor developing...

Mercedes-Benz dominates premium segment

After the first six months of the year, Mercedes-Benz continues to be the leader among the premium car brands in a highly...

Ford, Volkswagen to build autonomous vehicles

Two of the world’s biggest car manufacturers are forging an alliance towards developing technologies aimed for the electric and autonomous segments.

U.S. labour market strong as Atlantic factory activity rebounds

The number of Americans filing applications for unemployment benefits increased moderately last week, pointing to still strong labour market conditions despite signs...

Group launches tutorial centre to aid manpower growth

To promote manpower development, the Professional Insurance Ladies Association (PILA), Abuja Chapter, has launched a tutorial centre in Abuja.

Goldman Sachs’ equities-backed earnings results may pressure

Booming stock markets around the globe helped Goldman Sachs Group Inc (GS.N) offset declines in other businesses last quarter, but those gains...

‘CCB should go beyond asset declaration forms collection’

Principal Partner, Kola Akomolade & Co, an estate surveying firm, Asiwaju Kola Akomolade  has advised the Code of Conduct Bureau   (CCB) to...

N4.17b rights issue on offer

The Management of Sovereign Trust Insurance Plc is offering Rights Issue of N4.17 billion ordinary shares of 0.50k each at 0.50k per...

Youths urged to move closer to God

A don, Prof. Yemi Akinloye, has advised youths to always allow God to be their foundation, adding that they should make Him...

CBN asks banks to back T-bills bid with demand

The Central Bank of Nigeria (CBN) has asked banks to back all Treasury Bills bids with customer demand, The Nation has learnt.

Five things every entrepreneur need to know

Making it in business as an entrepreneur can be tough at times. There is a learning curve and plenty of challenges that...

Firm moves to resolve housing problem in Nigeria

To reduce housing problem in Nigeria, one of Nigeria’s real estate merchant has flagged housing scheme for low income earners in...

Coca Cola Foundation launches N300m water projects in Enugu

To further boost access to portable water supply in Enugu State, the Coca-Cola Foundation in partnership with Water Aid Nigeria, have launched...

Micro Finance Bank disburse N565.6m loans in H1 2019

Umuchinemere Pro-credit Micro Finance Bank (UPMFB), said it disbursed about N565.6million in loans to 2,503 micro and small business operators in the...

Bears drag stock market index further by 0.6 per cent

Bears retained their hold on the equities sector of the Nigerian Stock Exchange (NSE), as sell pressure extended to the fourth trading...

Ecobank, NIRSAL sign N70b MoU for agribusiness

The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Understanding (MoU) with Ecobank on a N70billion portfolio...

Senate seeks Nigeria’s status on extended continental shelf

The Senate yesterday invited the United Nations Resident Team in Nigeria and the Nigeria Boundary Commission to brief it on the status...

SEC cancels ConRe’s acquisition meeting, orders new meeting

Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has cancelled a court-ordered meeting that approved the acquisition of minority shares...

NNPC to supply 10 per cent of India’s crude oil

Despite competing demands for its crude oil from other countries, the Nigerian National Petroleum Corporation (NNPC) yesterday restated its commitment to sustaining...

Germany acquires 39.25 per cent equity stake in Royal Exchange

An investment fund set up by the German government has acquired 39.25 per cent in Royal Exchange General Insurance Company (REGIC) Limited,...

Corpers investment scheme unveiled

A firm, Norrenberger Financial Group, has unveiled an investment scheme for members of the National Youth Service Corps (NYSC) and graduates to provide...

Sanwo-Olu: effective tax drive key to states’ financial autonomy

Lagos State Governor Babajide Sanwo-Olu has called for an aggressive tax drive through tech a driven process as a means of freeing...