Business

Nigeria’s foremost automobile assembly, PAN Nigeria Limited, has launched one of the country’s first virtual auto showroom for the Yuletide season. In a statement signed by Head of Corporate Communications, Oladeji Bamidele, on Tuesday, PAN said the virtual showroom was introduced to help customers gain insight on the company’s newest …

NSE ranked world’s best-performing stock market in 2020 The Nigerian Stock Exchange (NSE) has been named the best-performing stock market among the 93 equity indexes being tracked by Bloomberg across the world. The all-share index which opened at 38,800.01 inched higher by 310.16 points or 0.80 percent to cross the …

In a bid to prepare young Africans for the real world, Sanofi, a global biopharmaceutical healthcare company committed to empowering lives, is calling on youths in Nigeria and Ghana to participate in its internship program tagged, JOY (Journey, Opportunities and You). The JOY program is scheduled to commence in February …

Telecoms operators are lamenting the recent hike in telecoms charges by federal and state government agencies, a situation that has dampened the zeal of telecoms operators to roll out additional networks and services. Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Mr. Gbenga Adebayo, who expressed the …

Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also …

China will overtake the US as the world’s biggest economy before the end of the decade after outperforming its rival during the global Covid-19 pandemic, according to a report. The Centre for Economics and Business Research said that it nowexpected the value of China’s economy when measured in dollars to …

Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration. Specifically, the market capitalization which opened at N20.281 trillion lost two billion naira to close at N20.279 trillion. Similarly, the All-Share Index shed 3.73 points or 0.01 percent to close at 38,800.01 …

MBAFOREX is finding it difficult to pay there investors this December, they promised to resume operation next year January, 2021. Will this go same way of MMM. Why is December the termination period for some of the Ponzi scheme? Find attached pictures of some Investors at their Port-Harcout Office Yesterday. …

ExxonMobil has issued a force majeure on Qua Iboe Terminal (QIT) after one of its supervisor allegedly died in a gas flaring accident at the facility on December 13, 2020. Force majeure is a clause that is included in contracts to remove liability for natural and unavoidable catastrophes that interrupt …

Africa’s leading cement giant, BUA Cement has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3million tonnes each per annum in Edo, Sokoto and Adamawa states of Nigeria to be completed by the end of 2022. Upon completion, this will bring …