Latest Nigeria Business News
The national leadership of Nigeria Union of Petroleum and Natural Gas Workers says it has suspended its planned strike earlier billed to begin on Tuesday, August 6. This was contained in a statement signed by its President and the Secretary, Williams Akporeha and Afolabi Olawale, respectively, issued on Friday in Lagos. The union said it […]
The Federal Airports Authority of Nigeria has suspended one of its staff at Yola International Airports for allegedly stealing from a pilgrim. A staff of the agency identified as Jennifer Luka was on Thursday arrested for allegedly stealing $600 belonging to a pilgrim at the airport. The General Manager, Corporate Affairs, FAAN, Mrs Henrietta Yakubu, […]
MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a N330bn ($1.1bn) fine, a spokesman for the telecoms company has said. The company, in a statement issued on Friday, explained that it had a technical disagreement with Federal Internal Revenue Service regarding tax deductions from […]
The Federal Ministry of Health has disbursed N12.7 billion of the budgeted N55 billion one percent of the consolidated fund for health care fund. The fund, it was learnt, was disbursed on May 17 before the dissolution of the last cabinet. It was also gathered that another tranche will be disbursed between now and September. […]
The Lagos State House of Assembly ad-hoc on screening of commissioner and special adviser nominees on Thursday began its assignment, attending to eight nominees. The exercise, which continues Friday, according to the chairman of the committee, Hon. Rotimi Abiru, is expected to end on Saturday. The eight nominees screened are: Mr. Toke Benson-Awoyinka, Princess Aderemi […]
A Kwara State High Court, sitting in Ilorin, the state capital, on Thursday ordered the forfeiture of N150 million plaza belonging to a civil servant, Rasaq Momonu. It followed a plea by the Ilorin Zonal Office of the Economic and Financial Crimes Commission (EFCC) that the court should give an order of final forfeiture of […]
President Muhammadu Buhari, says the Federal Government’s introduced National Social Investment Programme (NSIP), has in three years, lifted no fewer than 5 million Nigerians out of extreme poverty.. Buhari said this at the opening of the Global Youth Employment Forum of the International Labour Organisation (ILO) in Abuja on Thursday. He said that the forum […]
The National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, has called on organised labour to challenge political leaders to ensure that state resources meet the needs of workers and other Nigerians. Oshiomhole made the call in Abuja at a reception in honour of the Director-General, International Labour Organisation (ILO), Mr Guy Ryder. Oshiomhole […]
The board of Chams Plc has reassured shareholders that the information and communications technology (ICT) company has been repositioned to sustain its recovery and deliver continuous returns to shareholders. Chams declared its first dividend payment of N140 million after it recovered from its long-running losing streak with a net profit after tax of N385 million. At the […]
Nestle Nigeria Plc recorded a well-rounded performance in the first half with increased sales and profitability. All key performance indices trended upward during the six-month period, raising the prospects that Nigeria’s highest-priced quoted company may surpass its previous performance. Key extracts of the half-year report for the period ended June 30, 2019 showed that sales rose […]