Business

This is a general business interest blog that spans across finance, economy, manufacturing, commerce and stocks locally and beyond.

June 14, 2017

VAT revenue declines by N2.58bn to N204.7bn

Value Added Tax (VAT) total revenue generated by the country through the first three months of this year, has dropped from N207.35bn in the fourth quarter […]
June 13, 2017

Lafarge hedges $300m with CBN to guard against Forex losses

In order to guard against further foreign exchange (forex) losses, Lafarge Africa Plc has hedged $300 million with the Central Bank of Nigeria (CBN) in non-deliverable Futures […]
June 13, 2017

NERC threatens to dissolve Discos’ boards over Poor performance

The Nigerian Electricity Regulatory Commission (NERC) on Monday threatened to dissolve the boards of the electricity distribution companies over their continued poor performance since they took […]
June 13, 2017

NNPC records N34bn Q1 loss for third consecutive month

The group financial performance of the Nigerian National Petroleum Corporation (NNPC) recorded its third consecutive monthly loss in March as the oil firm reported a loss […]