Latest Nigeria Business News
The Federal Government has approved the release of N22.6 billion balance to pensioners of the defunct Nigeria Airways Limited. This was announced by the Permanent Secretary Special Duties in the Ministry of Finance, Dr. Mohammed K. Dikwa, while calming restive pensioners who held former Finance Minister Mrs. Zainab Ahmed ‘captive’ for hours in her office […]
The removal of Value Added Tax (VAT) on liquefied petroleum gas (LPG), also called cooking gas, produced in Nigeria, has been of major concern to members of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM). Therefore, it was good news to the Association and the LPG industry, when the news filtered out that the […]
The Federal Government plans to deploy appropriate technologies to tackle the menace of inadequate power supply as well as a shortage in the supply of fuel and foreign exchange. The government stated this in a 100-page document – Nigeria E-Government Master Plan- which was obtained by our correspondent in Abuja on Wednesday. According to the […]
FBNQuest Asset Management, a subsidiary of FBNQuest Merchant Bank and part of the FBN Holdings Plc group, has announced its compliance with the Global Investment Performance Standards. Introduced in 1999, the GIPS standards are a rigorous set of investment performance measurement principles, which have been adopted in over 40 countries and recognised around the world […]
As the nation’s stock market rebounded on Tuesday after two straight days of losses, equity analysts have said the market sentiment is expected to weaken in subsequent trading sessions. There was no trading on the floor of the Nigerian Stock Exchange on Wednesday as the Federal Government declared a public holiday in commemoration of the […]
Experts in the maritime sector have expressed mixed reactions on the Federal Government’s decision to suspend the National Seafarers Development Programme. The NSDP, an initiative of the Nigerian Maritime Administration and Safety Agency, is a platform for training cadets in maritime institutions abroad, to equip them with the necessary skills and certification that would aid […]
The United Kingdom has increased its loan facility limit to £1.25bn for businesses seeking to import UK products and services as well as intellectual property into Nigeria. The Country Manager, West Africa, United Kingdom Export Finance, Steven Gray, disclosed this in Lagos exclusively to our correspondent on the sidelines of the UK-West Africa Agritech Summit. […]
Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria have warned against the disruption of oil and gas production in the country. PENGASSAN, in a statement on Wednesday, said, “The attention of the Petroleum and Natural Gas Senior Staff Association of Nigeria has been drawn to the alarms […]
Stockbrokers and analysts have described Airtel Nigeria’s plan to list its shares on the Nigerian Stock Exchange as a positive development following the listing of MTN on the bourse. According to them, the trend will encourage other companies to consider going public. They also said the trend would boost investor confidence and offer them investment […]
The Securities and Exchange Commission in its resolve to rid the nation of Ponzi Schemes has concluded plans to commence a verification exercise for Nigerians who “invested” monies with Dantata Success and Profitable Company, Kano. According to the SEC, as part of the arrangements to commence a refund of their monies, the verification exercise will […]