More Losses Projected as Nine Firms Lose N960bn in H1 - Report
Following foreign exchange reforms, Nigerian businesses have envisaged increased losses in the second quarter of the year.
Already, nine firms had lost N960.18bn to the new forex policy in the second quarter.
According to the...
The Exit of Multinationals from Nigeria over Business Climate
By Zekeri Idakwo,
Let us just admit it. The business environment in Nigeria is gradually becoming a threat not only to the smooth operations of small-scale businesses, but also multi-national companies in the country.
Some few weeks ago,...
Investors Witness N851bn Gain in One Day
Nigeria’s equities market witnessed one of the highest one-day gains in 2023 as investors consolidated on the recent market rally to gain N851bn.
The market went up on Monday by 2.48 per cent as the All-Share Index and equities...
MTN to Invest $3.5bn, Mobilise $1.5trn Other Investments into Nigeria's Economy
The MTN Group has said it has a plan to invest $3.5 billion in the Nigerian economy over the next five years.
This is part of a broader vision of becoming a pan-African company by...
We'll Remove Bottlenecks to Investments, Reposition Economy - Tinubu
President Bola Ahmed Tinubu has assured the manufacturing and service sectors that more reforms will be unfolded to enable efficiency and attract investments, saying the ongoing economic ‘‘revolution’’ will be deliberately steered to capture and favour...
Telcos Issue Banks Disconnection Notice over N120bn USSD Debt
Telecommunication firms have issued Deposit Money Banks disconnection notice amid a disagreement over Unstructured Supplementary Service Data service debt running to over N120bn.
According to telcos, banks owe them N120bn for using their USSD infrastructure for financial...
