Busines

Uber reports $1.8bn loss as pandemic stalls revenue

Uber on Thursday reported a $1.8 billion loss in the recently ended quarter as the COVID-19 pandemic caused its shared-ride business revenue to plunge. Overall revenues skidded 29 per cent from a year ago to...

Neimeth,Cutix,others lead stock market N10 billion loss

The Nigerian Stock Exchange (NSE) reopened bearish yesterday, occasioned by losses in most blue-chip stocks, especially Neimeth International, and Cutix as market capitalisation lost N10 billion.   At the close of transactions Monday, the All-Share Index...

Investor’s confidence plunges by 0.08% amid uncertainty

Uncertainties, inconsistent government policies have continued to dampen investors’ confidence in the equity sector of the Nigerian Stock Exchange (NSE), raising questions as to turning around its fortunes.   This is just as economic recovery is...

Consumers lament outrageous electricity billing despite benchmark

To address the issue of outrageous billing that has continued to plague the electricity distribution sub-sector, and the numerous complaints by consumers, Nigerian Electricity Regulatory Commission (NERC), had repealed estimated billing methodology regulation as...

Setting up Plaintain flour plant

This investment plan describes the investment, cost and benefits of setting up a packaged Plantain Flour factory. The factory will produce branded wholesome 1kg plantain flour and sold in the Nigerian market.   The factory can...

How forensic accounting can stem Nigeria’s 2.5 trillion yearly fraud loss

The Society for Forensic Accounting & Fraud Prevention (sfafp) has revealed that Nigeria loses N2.5 trillion yearly to fraud and corruption. For the African continent, the society stated that almost 25 per cent of...

Operators harp on technology to address Nigeria’s skills gap

With the world tilting to a knowledge-based economy driven by Artificial Intelligence (AI), Internet of Things (IoT), and big data, an AI education platform technology firm, Robo Garden, and other stakeholders, have emphasized the...

Arla foods boosts local sector with commercial dairy farm in kaduna

Arla Foods continues to make significant strides in its commitment to develop the local dairy sector through backward integration, with the implementation of its very own commercial 400-cow Arla Dairy Farm, in Damau, Kaduna...

FBN holdings injects N25 billion into first bank

FBN Holdings Plc (FBNH) has announced the injection of N25 billion equity capital into its commercial banking subsidiary, First Bank of Nigeria Limited.   The Capital injected represents part of the net proceeds of the company’s...

IMF lowers 2020 oil demand by 8 percent amid high uncertainties

The coronavirus crisis will see global oil demand dropping by around eight percent this year, compared to last year, the International Monetary Fund (IMF), has said in a new report.   This year, oil prices will...

Total loans to businesses hit N18.9 trillion in one year

Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020.   These credits were largely recorded in manufacturing, consumer credit, general commerce,...

Us slap’s sanction on leading jimbawe business man see the picture below

US slaps sanctions on leading Zimbabwe business man Washington (AFP) - The United States on Wednesday imposed sanctions on one of Zimbabwe's top businessmen and political operators, accusing him of abetting corruption that plagues the...

Coronavirus: CACOVID flags-off #23bn food palliatives distribution for 1.7m household

Nigeria’s Private Sector led Coalition Against COVID-19 (CACOVID) today formally announced the flag-off of a nationwide distribution of N23 billion food palliative and other relief items to mitigate the adverse effects of the novel...

SCREENING COMMENCES ON THE 11TH AUGUST – OYO TESCOM

Oyo State government has announced the readiness of the State’s Teaching Service Commission (Oyo TESCOM) to conduct computer-based test (CBT) for all candidates applying for teaching appointment, starting from Tuesday 11th August 2020.   The Chairman,...

UBA Marketplace: 120 SMEs to display goods, 20,000 visitors expected

The United Bank for Africa (UBA) Plc is set to host over 20,000 visitors, 120 small and medium enterprises and leading private and public sector players from across Africa, at the continent’s biggest entrepreneurial...

Why You Will Need More Than One Streams Of Income

In today’s business world, whenever someone is into more than two business at a time, he or she is termed “Jack of all trade and master of none “. Stay with me, I want...

MTN seeks te sell $243MN stake in Jumia Technologies

There are indications that MTN Group Ltd. is planning to sell part or all of its $243 million interest in Jumia Technologies AG as it looks to pay down debt and enter new markets. Reuters,...

MTN seeks to sell $243 million stake in Jumia

There are indications that MTN Group Ltd. is planning to sell part or all of its $243 million interest in Jumia Technologies AG as it looks to pay down debt and enter new markets. Reuters,...

MTN seeks to sell $243 million stake in Jumia

There are indications that MTN Group Ltd. is planning to sell part or all of its $243 million interest in Jumia Technologies AG as it looks to pay down debt and enter new markets. Reuters,...

Arla Foods boosts local sector with commercial dairy farm in Kaduna

Arla Foods continues to make significant strides in its commitment to develop the local dairy sector through backward integration, with the implementation of its very own commercial 400-cow Arla Dairy Farm, in Damau, Kaduna...

💡 TODAY'S TRENDING NEWS

Naira Marley Arraigned In Abuja Court Following His Arrest (Photos/Video)

Nigerian singer, Azeez Fashola popularly known as Naira Marley has been arraigned before an Abuja mobile court for flouting COVID-19 rules. The FCT Administration filed...

Donald Trump Ban TikTok From U.S

The President of the United State of America Donald Trump has placed a ban on the popular social media application TikTok. Donald Trump made it...

BBNaija: Prince Loses His Official Instagram Account

Big Brother Naija housemate, Prince Nelson Enwerem has lost his official Instagram account as a search for @princenelsonenwerem on IG yields no result. The reason...

Wearing a face shield/mask in church means denying the finished work of the cross – Pastor Chris Okotie

Pastor Chris Okotie of the Household of God Church, Oregun, Lagos, has kicked against the use of face masks in the church by members,...

Gas explodes at Big Brother’s kitchen in Cameroon (Video)

A video making the rounds on social media has shown the moment gas exploded at Big Brother’s house in Cameroon. In the video shared, two...