Latest Nigeria Business News
The Presidential Election Petition Court (PEPC) has dismissed the petition by the Peoples Democratic Movement (PDM) challenging the outcome of the last presidential election won by President Muhammadu Buhari of the All Progressives Congress (APC). In the petition, the PDM and its candidate, Amichi Habu, asked the court to void the election on the ground […]
The National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, has declared that funds from workers’ pension deductions are not meant to be used for budget deficit by Federal and state governments. He said they are rather meant to address the critical issues of the masses, the contributors of the money. Oshiomhole spoke on […]
As the screening exercise of the ministerial nominees entered its second day in the Senate on Thursday, four nominations have been confirmed by noon. The News Agency of Nigeria (NAN) recalls that the Senate adjourned the exercise by 6:00 p.m. on Wednesday after screening 10 nominees. Those screened as at 12:35 a.m. on Thursday are: […]
The National Association of Nigerian Students (NANS) on Thursday closed the Kaduna office of South African Telecommunication giant, MTN, over xenophobic attacks and killings of 118 Nigerians in the last two years. NANS’ Director, Travels and Exchange, Mr Dominic Philip, explained in Kaduna that the step was necessary to curb further attacks, looting, destruction and […]
Seven corps members of the 2018 National Youth Service Corps (NYSC) in Nasarawa State, are to repeat their service for absconding from their Places of Primary Assignment (PPA), during the service year. Hajiya Ramatu Sanda, NYSC Coordinator in the state, made this known in Lafia on Thursday, while briefing newsmen shortly after a low-key Passing […]
The Founder and Chief Executive Officer, Rage Group and Kweek, Mr George Omoraro, has launched a start-up company that provides affordable marketing solutions via social media. According to a statement issued by Omoraro, the company called Kweek aims to assist Nigerian small businesses to export their products and services to the global market. He said […]
There was obvious panic withdrawal by customers at the only branch of Polaris Bank that opened for business in Osogbo, Osun State capital, on Wednesday. Recall that the bank was shut last Friday following an order of Justice Jide Falola of an Osun State High Court sitting in Ikirun, the headquarters of Ifelodun Local Government […]
Lekoil, an Africa-focused oil and gas exploration and production company, has said production growth and increased shareholder value are central to its 2019 strategy. The Chief Executive Officer, LEKOIL, Olalekan Akinyanmi, disclosed this in a note that accompanied its 2018 financial report, according to a statement. He said, “The priority for 2019 is to grow […]
There is no immediate plan by the Federal Government to renew the expired oil block licences, particularly those belonging to international oil companies operating in the country, the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, has said. It was gathered that the IOCs operating some oil blocks with expired licences […]
About 58 containers of tramadol and other prohibited drugs valued at N14.7bn were on Wednesday destroyed in Sagamu, Ogun State. The destruction was carried out by a committee made up of representatives of the Nigeria Customs Service, the National Agency for Food and Drug Administration and Control, the National Drug Law Enforcement Agency, the National […]