Latest Nigeria Business News
Investors have reduced their patronage of FGN Savings Bond as subscription value has dropped by 13.7% to N10.7 billion in the third quarter 2023, Q3’23, as against N12.4 billion recorded in the corresponding period of 2023, Q3’22. Vanguard’s findings from the data released by the Debt Management Office, DMO, also show that number of allotted […]
The Group Managing Director of RainOil, Gabriel Ogbechie, has advises entrepreneurs on getting funding for their businesses as well as having knowledge of the business that they want to do. Ogbechie shared these insights at the 2023 edition of The Platform Nigeria, which was held at the Covenant Christian Centre, Iganmu, Lagos. In his talk […]
Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, This was an increase from the $13.93bn debt recorded by the Debt Management Office as of December 31, 2022. This means that fresh disbursements on approved loans added $410m to Nigeria’s debt from the World Bank in the first quarter of 2023. […]
Osun State Governor, Ademola Adeleke has stated that the nation owes a debt of gratitude to the men and women of Nigeria’s military for their past and present service to the nation. Governor Adeleke stated this at the grand-finale of the 2023 Armed Forces Remembrance Day and wreath laying ceremony at the military cenotaph in […]
The immediate past Chairman of the Christian Association of Nigeria, CAN, Oron Chapter, Akwa Ibom State, Senior Apostle Tom Etim is dead. The Apostle, who was the founder and General Overseer of Power Tower Mission International, was said to have died after a brief illness. This was contained in a statement signed by the Secretary […]
The All Progressives Congress candidate for the Kano Central Senatorial District, Abdusalam Zaura, also known as AA Zaura, was noticeably absent as his alleged $1.30m fraud case was being heard in court. This came after the court received a statement from the Economic and Financial Crimes Commission that AA Zaura, who had previously been granted […]
The main opposition party, the Peoples Democratic Party recently emerged from its national convention, electing a fresh set of officials to oversee the affairs of the party, Emameh Gabriel looks at what it means for the tussle to replace the All Progressives Congress administration of President Muhammadu Buhari On Sunday, October 31, the much anticipated […]
The six-man independent investigation team set up by Lagos State Governor, Mr. Babajide Sanwo-Olu, to probe the remote and immediate causes of the collapse of a 21-storey building in Ikoyi has 30 days to submit its report. Sanwo-Olu disclosed this yesterday as he named members of the probe panel at the site of the incident. […]
The Asset Management Corporation of Nigeria (AMCON) has refused to pay to the aviation agencies N9.6 billion and $2.3 million (totalling N10.5 billion), being five per cent ticket and cargo sales charge owed by Arik Air, when AMCON took over the airline on February 9, 2017. AMCON described the debts as unsecured and blamed the […]
The Pan Niger Delta Forum has convoked an emergency “general assembly” for Monday over a bill in the House of Representatives seeking to amend the Constitution to remove the 13 per cent oil derivation formula being enjoyed by oil-producing states, especially in the South-South geopolitical zone. The bill has generated protests especially from the Niger […]