Latest Nigeria Business News
A chieftain of the All Progressives Congress (APC), Yekini Nabena has said that the public altercation between the National Chairman of the party, Comrade Adams Oshiomhole and the former Chairman, Chief John Odigie-Oyegun has the capacity to affect the party in the forthcoming stand-alone elections. Nabena who is also the Deputy National Publicity Secretary of […]
President Muhammadu Buhari has commiserated with families of Precious Owolabi, a National Youth Service Corps (NYSC) member with Channels Television and Deputy Commissioner of Police, Usman Umar of the Federal Capital Territory Police Command, who died during the violent protest by members of the Islamic Movement of Nigeria (IMN) in Abuja on Monday. The President […]
The Federal Government, Sterling Bank and Virtus Energy Solutions Limited are partnering to enhance power production for small businesses. Managing Director/Chief Executive Officer, Rural Electrification Agency, Damilola Ogunbiyi, said the project will provide electricity access to over 80,000 shops across 16 economic clusters, empower over 340,000 micro, small and medium size enterprises, create over 2,500 […]
THE Nigerian Communications Commission (NCC) is working with stakeholders to rest speculations concerning the legitimacy of the Google Station Free WiFi access service in Nigeria. Contrary to misconception in some quarters, the Commission will ensure that the service provided will continue to be in partnership with NCC licensed service providers within its regulatory oversight. The […]
MTN Group has appointed Thato Motlanthe as its Investor Relations Executive. The appointment takes effect from September 1, 2019. He replaces Nik Kershaw who left MTN Group at the end of May 2019, and will report to Ralph Mupita, MTN Group Chief Financial Officer (CFO). Thato brings his extensive experience of South African and global […]
OIL prices on Monday maintained muted reaction to mounting tensions between Iran and the West, moving modestly higher after Tehran’s announcement that it had seized a British-flagged oil tanker Friday. West Texas Intermediate futures rose one per cent to $56.32 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, was up […]
Investors in the Nigeria Infrastructure Debt Fund have gained N4.67bn from their investments in two years. Latest data obtained from Chapel Hill Denham Management Limited revealed that with the second quarter distribution, the fund’s total distribution to unit holders hit N4.67bn in cash at the rate of N33.86 per unit. It said the fund, which […]
The National Pension Commission has paid a total of N107.93bn to 313,468 contributors under the Contributory Pension Scheme that have temporarily lost their jobs. One of the objectives of the Pension Reform Act of 2014 is to ensure that every person who has worked either in the public service of the federation, Federal Capital Territory, […]
The Seme Area Command of the Nigeria Customs Service has said it seized contraband worth N114.5m in three weeks. The command also disclosed that it generated a total revenue of N4.4bn between January and June. The Customs Area Controller, Seme Command, Mohammed Garba, said this on Monday while briefing journalists at the border. He said […]
Nigeria’s commercial foreign loans have risen by $7.87bn in the last two years, investigation has shown. Data obtained from the Debt Management Office on Monday showed that the country’s commercial loans as of March 2017 stood at $3bn. However, as of March 31 this year, the commercial foreign loans had risen to $10.87bn. This means […]