Latest Nigeria Business News
Dangote Cement Plc, Access Bank Plc and Zenith International Bank Plc emerged as the top three equities (measured by volume) traded on the Nigerian Stock Exchange last week. The companies accounted for 833.966 million shares worth N95.969bn in 3,203 deals, contributing 33.12 per cent and 84.10 per cent to the total equity turnover volume and […]
Governor Nyesom Wike of Rivers on Monday relieved all his Special Advisers of their appointments except one. A statement by Mr Simeon Nwakaudu, Special Assistant to the Governor on Electronic Media, said only the Special Adviser on Religious Affairs, Bishop Winston Iwo was retained. The governor had earlier sacked the state’s Executive Council on June […]
The National Automotive Design and Development Council, NADDC, will soon be organizing a nationwide Automotive Design Competition to engage and promote the incredible creative and innovative talents of our youth. Director-General of the council, Mr. Jelani Aliyu, said the essence of the competition is not to design sports and luxury cars, but to conceptualize highly […]
Nigeria and Indonesia are to deepen bilateral relations, especially in the areas of sharing information on national planning and development as well as trade and investment. Sen. Udoma Udo Udoma, Minister of Budget and National Planning, said this in a statement by Mr James Akpandem, Media Adviser to the Minister in Abuja. It said Udoma […]
The Nigeria Customs Service of Niger, Kogi and Kwara Area Command generated about N308 million as Internally Generated Revenue in July 2017. Comptroller Benjamin Binga in charge of the three states disclosed this in an interview in Minna on Saturday. Binga said that this was against the N219 million generated in July 2016, recording an increase of N89 million […]
The Chief Executives of Cable Manufacturers in Nigeria have given kudos to the commitment of the Standards Organisation of Nigeria (SON) in providing a level playing field for genuine local manufacture and imports into Nigeria. Speaking under the auspices of Cable Manufacturers Association of Nigeria (CAMAN), the President, Mr. Ifeanyi Uzodike expressed deep appreciation to […]
The Pension Transitional Arrangement Directorate (PTAD) says it has completed the payment of N7.3 billion July pension of 237,306 federal pensioners under the Defined Benefit Scheme (DBS). The PTAD said in Abuja that of this amount, it paid 98,362 pensioners under the Parastatals Pension Department (PaPD), 16,111 pensioners under Police Pension Department (PPD) and 110,753 […]
Sen. Ita Enang, the Senior Special Assistant to the President on National Assembly Matters (Senate), says Nigeria is on the pathway of economic recovery. Enang disclosed this at an event organised to mark the end of the second legislative year of the 8th National Assembly. He said the event was organised to improve the cordial […]
The Central Bank of Nigeria has said banks and other electronic payment service providers must navigate the evolving and increasing complex regulatory environment to avoid penalty. The Director, Banking and Payments System Department, CBN, Mr. ‘Dipo Fatokun, described fraud as the biggest challenge facing the electronic payment sector, stressing the need for banks, customers and […]
The Sunday attack by some gunmen on St. Philips Catholic Church, Ozubulu, in the Ekwusigo Local Government Area of Anambra State, during which no fewer than 11 worshippers were killed, has attracted strong condemnation from Nigerians and groups. President Muhammadu Buhari, the President of the Senate, Bukola Saraki; the Deputy Senate President, Ike Ekweremadu, Speaker […]