Latest Nigeria Business News
A renewed attack between farmers and herders in Kajuru Local Government Area in Southern Kaduna, have claimed many lives while scores were said to have sustained varying degrees of injuries. The renewed crisis was said to have erupted on Sunday when some Fulani youths reportedly went to a village at Ugwan Uka to avenge the […]
The Federal Government has released N243.79bn as the second tranche of Paris Club Refund to the 36 state governments and the Federal Capital Territory. The Director of Information in the Federal Ministry of Finance, Mr. Salisu Dambatta, confirmed the release in a statement issued on Tuesday night. With the fresh release of the second […]
The Lagos State Government says it has started the “long awaited road project,” which will connect the Agric area of Ikorodu to the Lagos-Ibadan Expressway through the Arepo area of Ogun State. Governor Akinwunmi Ambode, at a stakeholders’ meeting on Tuesday on the road in the Agric area of Ikorodu, requested support and cooperation […]
Powerful multiple explosions rock Maiduguri on Tuesday night. At least six powerful explosions occurred between 10:45 and 11:00 PM. About four explosives were detonated simultaneously while two other powerful sounds were also heard some 15 minutes later. Unlike the previous explosions, the current blast has a wide-range sound effect, sending its powerful sounds to many […]
UNICEF has initiated a radio education programme in the Lake Chad basin as part of efforts to support the 1.3 million children displaced by the activities of Boko Haram. Marie-Pierre Poirier, UNICEF’s Regional Director for West and Central Africa said, “This crisis has unique challenges, so we are developing unique solutions. “With many hundreds […]
The Commissioner of Police in Lagos State, Mr Fatai Owoseni, on Tuesday, announced that 30,000 police personnel and other security agencies would provide security during the July 22 local government election in the state. Owoseni disclosed the figure while briefing newsmen on preparations for the election and other activities of the command. The Lagos […]
The National Executive Committee of the Peoples Democratic Party in Abuja, on Tuesday, agreed to set up a Standing Disciplinary Committee for its erring members. The need to set up the committee was said to be the outcome of what a source described as “fierce arguments” by members of NEC following the 14-month crisis in […]
The Nigeria Extractive Industries Transparency Initiative on Tuesday said it was high time the Federal Government embraced a robust policy to save a portion of oil and gas revenue for the rainy day and for the next generation. According to NEITI, the call became crucial after its findings revealed that Nigeria’s oil revenue savings were […]
In its bid to pinpoint the exact location of viable crude oil deposits, the Research and Development Division of the Nigerian National Petroleum Corporation has entered into collaboration with the United States of America-based Halliburton Corporation in the ongoing search for commercial hydrocarbon in the inland sedimentary basins. The Group General Manager, R&D Division, […]
The Federal Inland Revenue Service collected a total sum of N1.782tn in tax revenue between January and July this year. The figure represents an increase in tax revenue of N224.14bn when compared to the N1.558tn collected in the same period in 2016. The Executive Chairman, FIRS, Mr. Tunde Fowler, announced this on Tuesday, while defending […]