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BUSINESS ROUNDUP: Lafarge opens bag manufacturing plant; MTN Nigeria faces N1.48bn lawsuits; other stories

Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital...
Business

Emirates says 50% of its revenue trapped in Nigeria

Emirates, the Dubai-based airline, has announced that around 50% of its revenue is trapped in the country due to foreign exchange restrictions and a...
Business

Nigeria stock investors make N1.4trn in February

Nigeria’s stock investors in February saw the value of their investment increase by N1.403 trillion despite the concerns around the elections.Data obtained from the...
Business

Nigerian govt records 40.6% rise in fiscal deficit to N746.30bn

The Central Bank of Nigeria (CBN) has reported that the federal government’s fiscal deficit has increased to N746.30 billion in November 2022.This is 40.6...
Business

UAC records N4.7bn loss amid high operating cost

UAC of Nigeria PLC (UAC) has recorded N4.7 billion loss in the full year of 2022, no thanks to high operating costs.Checks on the...
Business

Ibeju-Lekki: The sought-after newest oil money

On the 24th of January, 2023, it was an honor for the Lagos State Government to receive the President of the Federal Republic of...
Business

BUSINESS ROUNDUP: Nigeria’s debt profile to hit N72trn; Train revenue drops to N734.47m amid terror attack; other stories

Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital...
Business

Airfares up by 97% in one year

Data from the National Bureau of Statistics (NBS) has shown that in the last year (2021 to 2022), the cost of air tickets rose...
Business

Certificates of Occupancy: What you should know

There’s so much wrong information out there. Beware! Don’t just believe everything. Not everything you see out there is correct. The fact is this,...
Business

Sterling Bank launches made-by-Nigerians, to hold maiden fair

Sterling Bank Plc has created a Made-By-Nigerians platform, a community designed to showcase the best products and services made by Nigerians, at home and...
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