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Business & Economy

Nestlé S.A ups its stake in Nestlé Nigeria, shells out N287 million for 229,697 units of shares

Following in the footsteps of Heineken Brouwerijen B.V which purchased about 3.3 million additional shares of Nigerian Breweries, Nestlé S.A, Switzerland, the parent...

Heineken shells out N138 million for additional 3.3million units of Nigerian Breweries shares

Heineken Brouwerijen B.V, the majority shareholder of the largest brewer in Nigeria, Nigerian Breweries Plc, has further tightened its hold on the company by purchasing...

Non-Performing Loans in Nigerian banks rise to N1.21 trillion in H1 2020

The banking sector report released by the National Bureau of Statistics (NBS) revealed that the Nigerian banking industry witnessed a 14 per cent increase...

Why we resigned from NESG – Bank CEOs

The public row between the Nigerian Economic Summit Group (NESG) and the Central Bank of Nigeria (CBN) has continued to generate reactions within the...

Agenda 2050: Buhari inaugurates committee to drive Nigeria’s new development plan.

...Atedo Peterside and Zainab Ahmed to co-chair the committee President Muhammadu Buhari has inaugurated the National Steering Committee under the co-chairmanship of astute businessman and...

BREAKING: Nigeria’s debt tops N31trn – DMO

...Rises by N2.3trn ($6.593bn) Nigeria’s total public debt stock increased by N2.38trn within a period of three months from N28.628 trillion ($79.303 billion as at...

CBN replies NESG: We averted a major food crisis

...claims no immunity for Emefiele Contrary to the claims by the Nigeria Economic Summit Group (NESG), the Central Bank of Nigeria (CBN) says its...

Comparing Nig with poor African countries, FG says N162 per litre of petrol cheapest in Africa

The Minister of Information and Culture, Lai Mohammed on Monday claimed that the hike in the price of petrol to N162 per litre notwithstanding,...

Covid-19 shrinks Nigeria’s revenue by 60% – FG

President Muhammadu Buhari on Monday declared that the novel coronavirus pandemic which precipitated the lockdown of the economy has shrunk Nigeria's revenue generation by...

Shoprite/A.I.C saga: Shoprite loses bid to lift restriction order on assets

An attempt by the legal team of South African retail giant, Shoprite Checkers (PTY) Limited to convince the court to lift the Mareva injunction...

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