Latest Nigeria Business News
Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), has said the validation of Adegboyega Oyetola as the winner of the July 2022 Osun governorship election by the tribunal is a victory of light over darkness. On Friday that the Osun State Governorship Election Petition Tribunal sitting in Osogbo overturned the victory of […]
A Federal High Court sitting in Abuja has sacked Senator Bassey Akpan as the Senator representing Uyo Senatorial district in the Senate for defecting to the Young Progressives Party, YPP. The presiding Judge, Justice Fadima Murtala Aminu, in his ruling on Friday, declared Senator Akpan’s seat vacant and ordered INEC to conduct a bye election […]
A week after an Itakpe-Warri train derailed in Kogi, another train on Friday derailed in the Federal Capital Territory, leaving many passengers stranded. Abuja-Kaduna Train Service derailed at Kubwa on Friday afternoon. The Nigerian Railway Corporation, NRC, is yet to speak on the cause of the incident, but many passengers were seen wandering around the […]
Rivers State High Court has convicted a man identified as Bestman Lekia to death by hanging for killing four people and using one of his victims’ intestines to prepare porridge in Okwalie community, Khana Local Government Area of Rivers State. The court also found Lekia guilty of armed robbery, kidnapping, cultism and burglary. The convict […]
Kano State Governor, Abdullahi Umar Ganduje has revealed that the State wrote to the Presidency that the visit of President Muhammadu Buhari to commission some projects be postponed. He made this known during his interactive session with scholars, legislators, political leaders and business community in the State at the Government House, Kano, on Friday. He […]
The Independent National Electoral Commission says it doesn’t have the power to compel universities to declare holidays in order to enable students to vote during the forthcoming general elections. The media aide to the chairman of the commission, Rotimi Oyekanmi, stated this in an interview with Saturday PUNCH on Friday. This is against the backdrop […]
A pan-African asset management company, AfricInvest, has taken a minority stake in a Nigerian retail store, Justrite. This was contained in a statement dated January 25, 2022, and made available to our correspondent. Through its partnership with Justrite, AfricInvest will contribute to building affordable grocery outlets that source local products, support domestic agriculture value chains, […]
The European Union says Nigeria and other countries in the Lake Chad region will benefit from its €102.5m humanitarian aid. Niger, Chad and Cameroun are other countries named in the humanitarian lifeline by Europe’s top bloc. The European Union made the pledge during the third high-level conference on the Lake Chad Region in Niamey on […]
The Nigerian Exchange Ltd closed negative due to buy-interests and sell-offs in large and small capitalised stocks. Also, the market capitalisation dropped by N52 billion to close at N28.681 trillion as against N28.733 trillion posted at the previous trading. The downturn performance was mainly due to sell-offs in the MTNN stocks. The All-share Index depreciated […]
The 2022 floods in various parts of Nigeria led to an estimated economic loss of $9.12bn (N4.2tn as at Friday’s official exchange rate of N460.78/$), the Federal Government announced on Friday. It said this was revealed after a post-disaster assessment on the 2022 flooding, as the report on this was released in Abuja by the […]