Latest Nigeria Business News
The National Bureau of Statistics and the Petroleum Equalisation Fund on Friday commenced investigations to ascertain the actual volume of Premium Motor Spirit being consumed in the country daily. According to both agencies, the 35 million litres or 40 million litres daily petrol consumption figures often brandished by some government establishments were mere estimates, as […]
Northern States Governors Forum (NSGF) has reaffirmed its commitment to national unity, peaceful coexistence and the rights of all Nigerians to reside and own properties in any part of the country as guaranteed by Nigerian Constitution. NSGF also reassured Nigerians residing in the North of their readiness to protect lives and properties and also called […]
The Course 25 Nigeria’s National Defence College, NDC, has presented the report of a research work on terrorism to Acting President Yemi Osinbajo, recommending a special court for the trial of offences related to terrorism. The NDC also recommended the involvement of Nigeria’s armed forces in the rebuilding of parts of North East Nigeria ravaged by the […]
The NSE Main-Board Index which opened at 1,609.35 basis points and closed at 1,615.94 basis points, led the indices board of the equities market at the close of Friday trading activities. The NSE Main-Board Index grew by 66.59 basis points or 4.14 per cent. NSE Premium Index was next with a previous opening of 2,639.22 […]
The Central Bank of Nigeria (CBN) on Friday, July 28, 2017, intervened in the inter-bank Foreign Exchange Market with the total sum of $462,336,426.74. This is in line with its commitment to sustain and deepen flexibility in the foreign exchange market to further enhance foreign exchange flow in the economy. A breakdown of the forex intervention […]
Veteran Nigerian music director and producer, Michael Collins Ajereh, aka Don Jazzy, has reacted to the alleged theft by former Minister of Petroleum, Alison Madueke Diezani. Don Jazzy in his tweets wondered if God would forgive Diezani after pleading for forgiveness. He wrote, “Sin suppose get level o, So if Diezani should say “GOD forgive me” will her soul […]
The Yoruba Council of Elders on Wednesday described the late Adebayo Faleti as a cultural icon, saying it received the news of his death with shock. A communiqué signed by the President-General of the group, Chief Idowu Sofola, who is a Senior Advocate of Nigeria, and its Secretary-General, Dr. Kunle Olajide, at the end of […]
No fewer than two persons died in separate clashes between two rival cults in Ondo town, Ondo State, on Wednesday. It was learnt that the clashes occurred in the Sabo and Orisunmibare areas of the community. PUNCH Metro was told that the victims were Oluwole Samson and Wale Ajayi, suspected to be members of the Eiye […]
Forty-eight corpses of persons killed by Boko Haram insurgents during an oil exploration to the Lake Chad Basin have been brought to the Maiduguri Teaching Hospital in the Borno State capital. Sources at the UMTH and the Maimalari Army Barrack told The PUNCH that the corpses were brought into Maiduguri from the scene of the […]
The leadership of the Ndigbo apex organisation, Ohanaeze, and the Indigenous People of Biafra on Thursday disagreed over the rejection of power devolution, a major component of restructuring that some Nigerians are clamouring for. While Ohanaeze expressed disappointment at the position of the Senate and the House of Representatives on the issue of power devolution, […]