Latest Nigeria Business News
Emergency officials have reached ground zero of the four-storeyed building which collapsed on Massey Street, Lagos Island, recovering eight dead bodies –five males and three females. Some of the deceased were identified as Zainab Balogun, Ademola Taiwo, Olayiwola Sikiru and Lawal Mabolaje. Fifteen victims, who sustained varying degrees of injury, were taken to hospitals […]
The Economic and Financial Crimes Commission says its Kano Office has recovered N328,988,296,990.62 from nine major oil marketers across the country. The marketers include Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, NIPCO Oil Plc and other retailers of the Nigerian National Petroleum Corporation. […]
The Senate, on Wednesday, voted on the proposed amendments to the 1999 Constitution during which the lawmakers rejected devolution of power to the states. At its plenary in Abuja, the lawmakers rejected the alteration of the Second Schedule, Parts I and II of the Constitution to move certain items to the Concurrent Legislative List […]
The Governor of Ebonyi State, Mr. Dave Umahi, has described the rate of the recovery of President Muhammadu Buhari as a miracle. Umahi, who is one of the seven governors that visited the President in London on Wednesday night, told one of our correspondents on the telephone from London, that he and his colleagues […]
The Nigerian Stock Exchange closed its activities on Thursday with the market appreciating generally by 0.54 percent. The market capitalisation which opened at 11,551 trillion Naira, closed at 11,613 trillion Naira, therefore gaining 62 billion Naira or 0.54 percent. The All Share Index on the other hand opened at 33,514.93 basis points and closed […]
The Cross River State Government and Shaan Xi Province of China have kicked off a process to establish a comprehensive database of all solid minerals depot in the area. Receiving a team from the Province, Governor Ben Ayade said creating the database would require that the Chinese undertake the geographical mapping of the entire […]
The Senate has expressed its total commitment to collaborate with the National Commission for Refugees, Migrants and Internally Displaced Persons (NCFRMI) to ensure effective coordination of intervention efforts geared towards protection, rehabilitation and reintegration of migrants and IDPs in the country. Senate President, Dr. Bukola Saraki, made the remarks when the Federal Commissioner for Refugees, Migrants […]
The House of Representatives, has decried rising electricity tariff in the country. The lawmakers said that the increase was unjustified considering the commitment of N213 billion to the operators in the power who had failed to boost supply to Nigerians. Besides, they said that the increment was not in tandem with the economic realities […]
The Federal Government has ordered the Nigerian Educational Research and Development Council to make the Christian Religious Knowledge and Islamic Religious Knowledge distinctive subjects in the basic education curriculum. The two subjects, which were subsumed under the Civil Education in the current curriculum by the Council had been a subject of controversy in the […]
Policemen, who participated in peacekeeping mission in Guinea Bissau, have written to the upper chamber of the National Assembly, asking it to intervene in the payment of 23 and half months’ allowance allegedly owed them by the Economic Community of West African States. The arrears, said to be about $960 per month, ran into about […]