28 C
Lagos
Sunday, March 29, 2020
Home Business

Business

Dangote loses N240 billion in five hours due to coronavirus

Africa’s richest man Aliko Dangote suffered a huge loss due to coronavirus on Wednesday March 11, as he lost N240 billion in five...

Mobile money transfer rises by 396%

The value of fund transfer over mobile devices rose by 396.5 per cent in January this year. Statistics released by the Nigeria...

Analysts Predict Naira Devaluation To N400/$

According to analysts, the Nigerian currency is expected to depreciate between 10 and 20 per cent next year as the impact of...

Dangote buys 3,500 trucks worth N63Billion from Enugu-based automaker

Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services Limited, for the supply of Shacman trucks...

Nigeria liquidates 425 banks in 32 years

Since incorporation in 1988, the Nigeria Deposit Insurance Corporation has carried out liquidation activities on 425 financial institutions in the country.

CBN plans single-digit loans for rice farmers

The Central Bank of Nigeria (CBN) said it would offer single-digit loan to rice farmers in the Niger Delta area and provide...

GTBank adopts aggressive cost-cutting to cover revenue weakness

Guaranty Trust Bank is in the forefront of aggressive cost cutting drive of banks unable to grow revenue. Cost cutting has been...

DPR hands over OML 98 to NPDC

The Department of Petroleum Resources (DPR), yesterday officially handed over the Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company,...

Lagos closes 16 companies over N126.19 million tax evasion

The Lagos State Internal Revenue Service (LIRS) on Friday announced that it had closed 16 companies in the state over alleged failure...

Gokada Reportedly Sacks Employees In Lagos over Okada ban

Lagos-based motorcycle-hailing startup, Gokada has laid off most of its workforce. The move is as a result of Lagos...

Africa’s Wealthiest Man, Aliko Dangote, Ends the Year $4.3 Billion Richer

The 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade with a net worth of almost $15 billion

Dangote loses N25b to Apapa gridlock

Africa’s richest man Aliko Dangote said he lost N25 billion($68.6million) to the Apapa ports-Oshodi gridlock from 2017 to the 2019 financial year.
- Advertisment -

Most Read

Italy’s coronavirus death toll shoots past 10,000

Italy has now lost over 10,000 people to the coronavirus pandemic, three times more than the deaths recorded by China, where the...

Nigeria’s Coronavirus cases hit 97 with 16 new confirmations

The Federal Government has confirmed that the total cases of COVID-19 (coronavirus) in the country as at 10:51pm, on Saturday, March...

GTB delivers 110-bed isolation centre to Lagos State

The Lagos State Government has taken delivery of a 110-bed isolation facility on Lagos Island, where confirmed cases of the novel Coronavirus...

kaduna Governor, El-Rufai tests positive for coronavirus [VIDEO]

Governor Nasir El-Rufai of Kaduna State has tested positive for coronavirus. He is in self-isolation as required by the...