BUSINESS NEWS

With effect from April 1st, MultiChoice Nigeria has released new adjusted prices for both Dstv and Gotv packages, with concessions to cushion the price adjustments. The new DStv Package prices Premium, N21,000, Compact + N14,250, Compact, N9,000, Confam, N5,300, Yanga N2,950 Padi N2,150 Business N2,669, Xtraview + PVR access fee N2,900 While GOtv subscribers will have this New […]

Self-styled ‘wahala’ singer, Habeeb Okikiola aka Portable has bagged multimillion naira endorsement with billionaire businessman, Obi Cubana. Portable was made brand ambassador to newly launched herbal drink by nightlife boss, Obi Cubana. The ‘zazu’ crooner made the announcement on his Instagram page where he shared several videos spotting the brand’s shirt in the company of […]

Oil prices jumped by more than $6 yesterday, with Brent crude climbing above $114 a barrel, as European Union (EU) nations considered joining the United States in a Russian oil embargo  after a weekend attack on Saudi oil facilities. Brent crude futures were up $6.52, or six per cent, at $114.45 a barrel by, adding […]

  Access Bank Plc, has announced that its profit after tax (PAT) rose to N160.22 billion from N106.01 billion in 2020, representing a 51.13 per cent increase year-on-year (y/y). According to the group’s 2021 full-year financial result, its gross earnings stood at N971.88 billion as against N764.71 billion recorded in the corresponding year of 2020 while […]

The Maize Association of Nigeria (MAAN) has said the country will witness a crash in maize price  following increase in the production of the commodity. MAAN said President Muhammadu Buhari would unveil a maize pyramid in Kaduna next week to showcase increased production of the commodity. This, it said, would stop maize merchants from hoarding […]

Nigerian exporters in the non-oil sector have been urged to look into the niche markets to benefit from abundant opportunities in the United States, United Kingdom and the entire European Union niche markets. The Executive Director of the Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, made this call at Ibadan during a workshop for […]

The National Bureau of Statistics, NBS, says the Consumer Price Index, CPI increased by 15.70% year on Year in the month of February. This is 1.63% lower than 17.33%  recorded in the previous month. The Statistician General of the Federation, Dr. Simon Harry disclosed this on Tuesday during the monthly press briefing at the bureau’s […]

The stock market is considering a major amendment to its rules to checkmate boardroom intrigues and block information arbitrage that tend to confer advantages on companies’ directors. The new rules also expand the scope and authority of corporate financial reporting while eliminating gaps that allow companies to sidetrack relevant rules in stage-managing corporate compliance. The […]

The Federal Government at the weekend unveiled new security arrangement for the nation’s free trade zones in line with international best practice to guard investors and guarantee investors’ confidence in the special economic zone. The government has also extended the validity period of the licences of operators in free trade zones from one to five […]

Banks based in Nigeria have suspended the use of their Automated Teller Machine (ATM) cards (debit and credit) outside the country. Automated Teller Machines-Xinhua Bank customers, as of Friday, are also no longer able to conduct online transactions priced in foreign currencies, including U.S. dollars, euros, and the British pound. Customers of Nigerian banks, including […]