Business
FG releases N1.05 billion to settle entitlements of defunct PHCN staff
The beneficiaries emerged after BPE conducted a verification in the six geo-political zones in 2016.
NIPC reports 42 investments worth $45 billion from January to June
The report says Rivers is the biggest beneficiary of the investment with 35 per cent in favour of the state.
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Market indicators appreciate by 0.33% on NSE
The market capitalisation inched N39 billion to close at N11.858 trillion against N11.819 trillion recorded on Wednesday.
Nestle to examine “strategic options” for skin health unit
Earlier this year, the company increased its focus on food, drinks and nutritional health products.
Why preferred bidder is yet to takeover 9mobile — NCC
Teleology Technology emerged the preferred bidder in February.
Group asks govt to intervene in fraudulent liquidation of Nigerian company by expatriates
The group says two Nigerian courts have ruled for the cessation of the liquidation.
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Coca-Cola considers buying off Nigerian firm
An official says the company is working with the Lagos government to remove waste from its waterways.
MTN: CBN promises ‘equitable resolution’ over sanctions imposed on telecom firm, banks
The central bank had on August 29 ordered MTN and the four banks to bring $8.1 billion back into Nigeria.
Why new national carrier, Nigeria Air, was suspended indefinitely
The airline was planned to commence operation at the end of the year.
Keystone Bank sued for alleged non-remittance of $17 million to TSA
The hearing of the case has been fixed for November 6.
Nigerian govt sells stake in security printing firm to CBN for N17 billion
The government will retain only 10.1 per cent equity, after divesting 21 per cent.
AKK Gas Pipeline Project: Consortium battles NNPC over attempt to hijack contract
NNPC wants the Federal Executive Council to approve termination of the Lot 2 contract.
Malabu Scandal: Shell, Eni await fate as Italian court rules on $1.1 billion ‘bribe’
Shell and Eni paid the money through the Nigerian government to controversial businessmen.
‘How global turmoil can help businesses flourish’
The managing director of the Lagos Deep Offshore Logistics Base, LADOL, says the world has dramatically improved, while many think that it’s getting worse.
CBN injects $210 million into foreign exchange market
The naira exchanged for N361 to a dollar in the BDC segment of the market on Tuesday.
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Time Magazine sold for $190m
A husband and wife are taking over Time amid a turbulent time for print publications.
NLC urges MTN to pay $10bn fine
Ayuba Wabba, NLC president, made the call in a statement on Sunday in Abuja.
After 18-month decline, Nigeria inflation rate rises
Since it exited recession in 2017, the nation has recorded consecutive decline in inflation.
Trading on NSE closes on positive note, market indices up 0.95%
The All-Share Index rose by 306.36 points to close at 32,327.59 compared to the 32,022.23 posted on Thursday.
IMF pledges support to Kenya as $990mn standby deal expires
Kenya had secured a six-month extension in March on the $989.8 million.
How low income economies can achieve debt sustainability — IMF Chief
She said the IMF was ready to work closely with all its member countries to bolster their debt recording and management capacities.
NSE: Investors trade 173.55 million shares worth N3.71 billion
The All-Share Index, which opened at 32,292.79, lost 270.56 basis points to close at 32,022.23.
Dangote Cement, Nestle lead losers’ chart on NSE
Seplat led the gainers’ table during the day, gaining N3.70 to close at N606.70 per share.