Business

Banks grab states' NLNG dividends

Nigeria's commercial banks heavily exposed to some of Nigeria's near bankrupt states impounded the dividends…

Mobil Nigeria's profit downhill

Mobil Nigeria, a local unit of ExxonMobil, reported a 33 percent drop in first-half profit…

N23.6b duties for rice imports: Stallion, OLAM shut down

The Nigeria Customs Service (NCS), on Tuesday, sealed warehouses of defaulting rice importers over non-payment…

Nigeria: GlaxoSmithkline, Honeywell H1 profits tumble

GSK's Nigerian unit said on Tuesday its first-half pretax profit fell to 424.

Rice importers dodging duties will be penalised, vows Emefiele

Mr Godwin Emefiele, governor of Nigeria's Central Bank said that those that defaulted in the…

Rice import gulps $2.1billion in 3 years, says CBN governor

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Tuesday said the…

MTN shares hit by Nigeria's woes, earnings tumble

Shares in South Africa's MTN fell 5 percent as the company said it expects a…

Elumelu Foundation identifies Africa's business impediments

The Tony Elumelu Foundation says finance, infrastructure and inadequate resource centres are the major impediments…