Business

India-Nigeria trade hits $9bn as firms deepen local production

India-Nigeria trade hits $9bn as firms deepen local production

By Yinka Kolawole India-Nigeria bilateral trade rose by 26 per cent to about $9 billion in 2025–26, from $7.13 billion recorded in 2024–25, as economic ties between both countries deepen beyond oil and commodities into manufacturing, healthcare, energy, technology and job creation. The Indian High Commissioner to Nigeria, Abishek Singh, disclosed that more than 200 Indian […]
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Market Capitalisation drops by N52bn

Market Capitalisation drops by N52bn

Activities on the Nigerian Stock Exchange resumed Monday on a bearish note as the value of listed equities represented by the market capitalisation depreciated by N52.53 billion.

CIS decries NBC delisting, urges SEC to disapprove application

CIS decries NBC delisting, urges SEC to disapprove application

Chartered Institute of Stock Brokers (CIS) has condemned the proposed plan to delist Nigerian Bottling Company (NBC) from the Nigerian Stock Exchange (NSE), saying it is inimical to the growth of the Nigerian capital market and the economy in general.

First Bank rewards customers in Ilorin Golden Promo draw

First Bank rewards customers in Ilorin Golden Promo draw

In continuation of activities marking Nigeria’s 50th anniversary, First Bank Nigeria Plc has rewarded yet another set of customers in the ongoing golden anniversary promotion draw held in Ilorin, Kwara state.
The golden promotion is coming on the heels of the just concluded series of value adding, level changing and consumers oriented promotions the bank has held over the past couple of years.

AMCON earmarks N500bn to soak up bad banks’ loans

AMCON earmarks N500bn to soak up bad banks’ loans

Asset Management Company of Nigeria, AMCON, said yesterday it was set to start the second round of non-performing loan purchases from the banking sector and was on track to soak up all bad credit by the end of next month.

Piracy war: Stakeholders accuse NCC operatives of insincerity

Piracy war: Stakeholders accuse NCC operatives of insincerity

STAKEHOLDERS in Nigerian publishing, music and recording industries have expressed concern over the alleged non-commitment and insincerity by operatives of the Nigerian Copyright Commission, NCC in the fight against piracy in the country.

Egypt Air in dire straights

Egypt Air in dire straights

Egypt Air, a member of the global Star Alliance, is seeking assistance from fellow member airlines having aircraft to lease out, by dry or wet lease.

Airtel kicks off Africa-India job transfer program

Airtel kicks off Africa-India job transfer program

They will spend up to one year working within various units, which include Bharti airtel’s network infrastructure development, solutions for medium sized enterprises, sales & distribution, financial systems, marketing and other functions.

‘We will improve customers service at Nigerian airports’

‘We will improve customers service at Nigerian airports’

Think for a moment about the image of airports for many passengers, excitement, glamour, far away destinations; indeed, holiday passengers often say that the holiday starts at the airport. Is this the reality offered by Nigerian airports? Often the reality is long waits, long walks, nowhere to sit and little to do. Not a perfect recipe for delighted passengers.

NB profit hits N44.9bn

NB profit hits N44.9bn

NIGERIAN Breweries Plc has announced an eight per cent increase in it’s profit for the financial year ended December 31, 2010.