Latest Nigeria Business News
The Federal Government has extended by two weeks, the time given the Presidential Taskforce on the Apapa traffic gridlock to resolve the matter, following a request for an extension by members of the task force and other stakeholders. Vice President Yemi Osinbajo approved the extension at a meeting of the Presidential Taskforce with stakeholders at […]
President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist from the banking system any firm, its owner and top management caught smuggling or dumping any of the 43 items that are not eligible for foreign exchange. The Presidential directive was disclosed by the CBN Governor, Mr Godwin Emefiele, on Friday in Abuja […]
The Nigerian Export Promotion Council in Abuja on Tuesday launched a SERVICOM Charter to enhance its services. The event held in the council’s main auditorium was attended by some key stakeholders in the export sector. In his address on the occasion, the Executive Director/CEO of the council, Mr Olusegun Awolowo, said, “The role of the […]
The Federal High Court sitting in Lagos has adjourned the hearing till June 24 in the case between Oando Plc’s Group Chief Executive Officer, Mr Adewale Tinubu, and Deputy GCEO, Mr Omamofe Boyo, and the Securities and Exchange Commission. Oando, in a notice filed with the Nigerian Stock Exchange on Friday, said the court directed […]
The Nigeria Postal Service and Fidelity Bank Plc on Thursday entered into a collaboration to deploy modern banking services to Nigerians in 266 rural communities. The move is part of the measures to boost the level of financial inclusion in the country and reduce the number of those not yet in the formal financial system. […]
The National Automotive Design and Development Council on Wednesday said it had so far disbursed the sum of N11bn to 36 auto companies. The Director- General, NADDC, Mr Jelani Aliyu, gave the figure in Abuja during a meeting with the Governor of Katsina State, Alhaji Aminu Masari. The meeting was to discuss a proposal for […]
Nigerian Content Development and Monitoring Board (NCDMB) and Geoscape are partnering to train young graduates to boost their skills and capacity. Geoscape Head of Contracts and Assets Morenike Jupi-Igbeka told The Nation at an event in Lagos that the training is mandatory. She said Geoscape is mandated by the Nigerian Oil and Gas Industry Content Development Act […]
The Nigerian Extractive Industries Transparency Initiative (NEITI) has advised the National Assembly to expedite action on the passage of the Petroleum Industry Governance Bill (PIGB), the Petroleum Administration Bill and the Petroleum Fiscal Bill. NEITI said the bills, if passed into laws, would enable institutions to be more operative and accountable. NEITI said: “The incoming […]
The Chairman, Nigerian Society of Engineers (NSE), Lagos State branch, Musliudeen Agoro, has urged engineers to form consortia to handle big projects and help bridge Nigeria’s infrastructure gap. Agoro made the call in an interview in Lagos. Last year, President Muhammadu Buhari signed an Executive Order on local content to ensure that jobs that could […]
African Continental Free Trade Area (AFCFTA) will constitute the world’s largest free trade area, consolidating an integrated market of 1.3 billion consumers with combined Gross Domestic Product (GDP) of about $3.4 trillion, the African Development Bank (AfDB), said yesterday. Its President, Dr Akinwunmi Adesina, who spoke at the ongoing 54th Annual Meetings of the bank […]