Latest Nigeria Business News
Mr David Ibidapo, an economic and financial analyst, says that signing of the 2019 Appropriation Bill into law will bring about an improvement in the nation’s Gross Domestic Product (GDP) in the second quarter. He said this in an interview with source in Abuja, Nigeria’s capital. According to Ibidapo, it will bring about increased spending […]
The Nigerian Ports Authority (NPA) and the oil and gas logistics firm, Intels Nigeria Limited, have been urged to resolve their differences amicably. Two groups, Nigerian Importers Integrity Association (NIIA) and Rivers Progressive Youths Forum (RPYF), made this appeal. NPA, in a March 29 letter, terminated its boats pilotage monitoring and supervision agreement with Intels […]
The Port Harcourt Area One Command of the Nigeria Customs Service (NCS) collected N17,826,222,668.31 for the first quarter of 2019, its Area Controller, Mohammed Bande Boyi, has said. In a statement, the Area One Public Relations Officer (PRO), Oscar Ivara, said the figure is N4,436,822,181 above what was collected in the same period last year. Boyi […]
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), have urged Microfinance Banks (MFBs) to embrace self-regulation and consolidation so as to enhance performance and sustainability of the sector. CBN Deputy Governor, Financial Sector Surveillance, Mrs Aisha Ahmad, who gave the option at the fifth Annual Symposium of the Nigeria Microfinance Platform, […]
The Federal Government has finally broken the rank of pensioners after series of failed attempts with the registration of two new pension unions. Minister of Labour and Employment Dr Chris Ngige, who announced the registration of the two new unions at his valedictory session yesterday, said the Nigeria Union of Pensioners (NUP) will not take […]
The Industrial Training Fund (ITF) yesterday said 20.9million youths are currently unemployed. It blamed the development on lack of skills acquisition and advised the unemployed to go for skills acquisition instead of depending on white collar job. It said the National Bureau of Statistics (NBS) report stated that between the fourth quarter (Q4) of 2017 […]
Distributed Power Africa (DPA), a subsidiary of Econet Wireless Global, and a global leading electricity company, Électicité De France (EDF), at the weekend, signed power deal. They will jointly develop commercial and industrial (C&I), and hybrid energy solutions for Nigeria and other African markets. Frequent power-outages and a lack of basic access to electricity grids […]
The Federal Government on Monday unveiled fresh plans to create about 20 million new jobs in four different sectors of the economy. The strategy was disclosed in Abuja by the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, at a stakeholders’ meeting on job creation. The minister said that with the huge level of […]
The Managing Director, Bet9Ja, Ayo Ojuroye, has said lottery is a social resource that is positively changing the economic fortunes of countries across the world. In a statement on Monday, he said that social resources were quietly emerging as important ingredient for socio-economic development in addition to human capital and natural resources. “In Nigeria, the […]
The Federal Government is set to issue a Green Bond worth N15bn to finance some projects in renewable energy, afforestation, and transportation. In a statement issued in Abuja on Monday, the Debt Management Office said that the issuance of the bond was riding on the back of the first Green Bond issued by the Federal […]