Latest Nigeria Business News
There were indications in Abuja on Wednesday that two former governors of Oyo State, Rashidi Ladoja and Chief Adebayo Alao-Akala, had begun moves to return to the Peoples Democratic Party. The two former governors sent their representatives to the reconciliatory meeting convened by the national leadership of the party with its Oyo State chapter at […]
President of the Senate, Dr Bukola Saraki, said contrary to insinuations, he was a full member of All Progressives Congress and remained there “body and spirit’’. Saraki said at a Forum in Abuja that the speculations were part of the mischievous activities against him and urged the public the discountenance them. He said that those […]
British Airways cabin crew will strike for two more weeks in a long-running dispute over pay, the Unite union has announced. Members of Unite will walk out again from August 16 until the end of the month, which includes the August bank holiday. The workers were taking their 58th day of strike action today and […]
The International Monetary Fund has predicted that the Nigerian economy will be out of recession this year with growth of 0.8 per cent though it says risks to the recovery remain high. It, however, said the growth would not be sufficient to reduce unemployment and poverty in the country. It said its staff team, led […]
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and his counterpart in the Ministry of Power, Works and Housing, Mr. Babatunde Fashola, are expected to address stakeholders this month on some of the challenges in the nation’s energy sector. Stakeholders in the sector such as international oil companies, downstream operators, independent producers, and […]
The prospect of crude remaining near the current $50 level is no longer a doomsday scenario for the world’s oil majors whose latest earnings announcements show that cost-cutting lets them turn a profit even at these price levels. BP, Chevron, ExxonMobil, Shell and Total have all published results in recent days, showing they pocketed $23bn […]
Mr Momodou Joof, Managing Director, Jaiz Takaful Insurance Plc, ha said that Takaful insurance was a means of deepening insurance penetration in Africa and ensuring financial inclusion. Joof, said in Abuja while addressing newsmen that Takaful insurance was an Arabic word, adding that the system entailed people coming together and contributing for mutual benefit, for […]
Minister of Finance Kemi Adeosun said on Wednesday that the volume of trade between Nigeria and Singapore reached N846 billion from 2011 to 2015 while the absolute balance of trade was N222 billion in favour of Nigeria. She announced this in Abuja at the signing of an agreement on avoidance of double taxation with Singapore. The […]
Kwara State House of Assembly has approved the loan of One billion naira for agricultural empowerment and economic diversification in the state. This followed the consideration of a message from Governor Abdulfatah Ahmed, soliciting the house`s approval to access One billion naira under the Anchor Borrowers Programme of the Central Bank of Nigeria against the next […]
MTN Group, Africa’s biggest mobile phone operator, says it has moved away from a turbulent 2016 that highlighted the risks of the company’s emerging markets strategy to a profit-making firm. MTN said on Thursday in Johannesburg that it’s earnings for first-half of the year had rebounded. It said that its headline earnings came in at […]