Latest Nigeria Business News
In furtherance of its ongoing retail expansion strategy, Stanbic IBTC Holdings Plc, a member of Standard Bank Group, says it has commenced a nationwide enlightenment and awareness campaign tagged ‘Youth leadership series campus tour’ under the aegis of its Youth Leadership Series. A statement said the campaign was born out of the financial institution’s determination […]
The Central Bank of Nigeria sold $4.47bn forex to authorised dealers between April and May. The CBN’s May report on foreign exchange market developments stated that, “The bank continued to intervene in the foreign exchange market to further sustain the improved liquidity and relative stability in the market. Thus, a cumulative sum of $2.04bn was […]
Lagos State Governor, Mr Babajide Sanwo-Olu, has said construction will soon resume on the abandoned Pen Cinema bridge at the Agege-Pen Cinema area of the state. A statement quoted the governor as saying this on Sunday while inspecting ongoing rehabilitation of major roads in the Iju area of the state by the Lagos State Public […]
Armed bandits have abducted four Turkish expatriates at a drinking joint at Gbale village in Edu Local Government Area of Kwara State. The incident, it was gathered, occurred at about 10pm on Saturday while the men were having fun at the joint. The victims are Yasin Colak, 33, Senerapal, 40, Ergun Yurdakul, 35 and Seyit […]
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N6.33 billon for May, which is 13 per cent higher than the N5.60 billion surplus posted in April. Details of the report contained in the May edition of the NNPC Monthly Financial and Operations Report (MFOR) released yesterday attributed the modest rise to […]
THE body of Mrs. Funke Olakunri, daughter of Afenifere leader Chief Reuben Fasoranti, will be interred today. Mrs. Olakunri will be buried after a funeral service at Saint David’s Anglican Cathedral Church, Ijomu, Akure. She was killed by suspected gunmen at Kajola village on Benin/Ore road in Odigbo Local Government Area of Ondo State. Mrs. […]
The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, said the nation had spent about N2 trillion on constituency projects without commensurate development at the grassroots. The Commission’s spokesperson, Mrs Rasheedat Okoduwa, in a statement in Abuja on Sunday quoted the chairman as saying it at the induction of newly-qualified […]
The Supreme Court has rejected a request for it to review its last judgment in which it voided the participation of the All Progressives Congress (APC) and its candidates in the last elections in Zamfara State. A five-man panel of the court, led by Justice Olabode Rhodes-Vivour, in a ruling on Monday morning, struck out […]
Kano state Governor, Dr. Abdullahi Umar Ganduje has constituted a powerful Technical Committee that would review and reposition the Almajiri system of education with a view to pull them out from the street. The Technical Committee is billed to fashion out ways of integrating the Almajiri system into the mainstream curriculum-based education system that complies […]
The Transmission Company of Nigeria said on Sunday that it had suspended Kano Electricity Distribution Company from the Market Operator-administered market. The TCN said the suspension was due to “an event of default” that was not remedied. It said on its Twitter handle that KEDCO failed to increase its security cover in accordance with the […]