Business
Manufacturing leads $8.41bn investment announcements in Q1’21
By Yinka Kolawole The Nigerian Investment Promotion Commission (NIPC) has reported $8.41 billion new investment announcements in Nigeria in the first quarter of 2021 (Q1 2021), with the manufacturing sector
Nigeria’s Senate Approves Another $1.5bn In Loans. What About Debt?
Ayodeji Ebo, Head of Retail Investment at Chapel Hill Denham, spoke to the Global Business Report about the latest loan approval from Nigeria’s Senate for an additional $1.5bn for Nigeria’s
US Senators Question Apple and Google on App Store Dominance
A panel of US senators questioned officials from Apple Inc and Alphabet Inc’s Google on Wednesday about the dominance of their mobile app stores and whether the companies abuse their
Nigeria’s Senate Grants President Buhari’s Request, Approves Fresh $1.5bn, €995m Loans
Nigeria’s Senate has approved President Muhammadu Buhari’s request of 1.5 billion US Dollars and 995 million Euros (about 1 trillion Nigerian Naira) in external loans. President Buhari got the approval
Prices of rice, others rise in March — NBS
By Elizabeth Adegbesan ECONOMY The National Bureau of statistics , NBS, said the prices paid by consumers for rice, eggs, tomato and yam rose in March. This corresponds
Stock market extends gains as capitalisation rises by N59b
The stock market extended positive sentiments to four consecutive trading sessions to close at an upbeat, yesterday, as market capitalisation increased further by N59 billion. The post Stock market extends
MTN to invest $10b on Nigeria, other Africa’s telecoms infrastructure
Telecommunications firm, MTN is committing about $10 billion in the next five years to improving infrastructure, especially telecoms on the continent. The firm, which operates in about 17 African countries,
‘Nigerian ports undermining trade, industrialisation’
Stakeholders have decried the state of Nigerian seaports, saying they are largely underdeveloped, poorly ranked among their peers in the West Africa sub-region, and undermining the ease of doing business.
Allianz begins eight-year worldwide Olympic partnership
By Rosemary Iwunze INSURANCE Allianz said it has officially began its eight-year worldwide partnership with the Olympic & Paralympic Movements on January 1, making it the insurer of the movements.
Nigeria’s trade deficit rises 49% to $2.5bn
A map of Nigeria *Capital importation drops 31% By Elizabeth Adegbesan The nation’s trade deficit rose month-on-month by 49 percent to $2.5 billion in January from $1.69 billion in
