Latest Nigeria Business News
The Nigerian House of Representatives says there is need for synergy among the stakeholders in the maritime industry, to strengthen the security of the territorial waters. Speaker House of Representatives Mr. Yakubu Dogara made this known in Abuja, at a-one day public hearing to amend bills which include; Maritime Operation Act, reconstituting the Maritime Operations […]
The Central Bank of Nigeria (CBN) says it has taken necessary steps to prevent the Nigerian banking sector from being used to launder money and other illegal activities. The CBN Governor, Mr Godwin Emefiele made the assurance at the opening of the Regional Course on “Combating Money Laundering and other Financial Crimes’’ in Abuja. The course, organised […]
The Nigerian National Petroleum Corporation (NNPC) has pledged that despite challenges in the downstream petroleum sector, petroleum products would continue to be available in all parts of the country. The NNPC Group Managing Director, Dr Maikanti Baru, made the pledge at the end of the 24th, 25th and 26th Annual General Meeting of its downstream […]
A chieftain of the ruling All Progressive Congress, APC, Ahmed Tinubu has urged the executive and the legislative arms of government to work together for benefit of the nation. Tinubu made the call while speaking to journalists on the sidelines of a condolence visit paid to the Kano state government and the people of the […]
The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation with the index dropping from 16.25 per cent in May to 16.1 per cent as at the end of June. The bureau in the report made available to our correspondent in Abuja said this is the fifth consecutive decline in […]
Transactions on the Nigerian Stock Exchange (NSE) ended for the week on Friday on a cautious note with the market indices increasing marginally by 0.04 per cent. The market capitalization improved by five billion naira or 0.04 per cent to close at N11.463 trillion as against N11.458 trillion on Thursday. Also, the All-Share Index rose […]
Gov. Abiola Ajimobi of Oyo State has stated that his administration has secured the commitment of five billion dollars from China in the development of the newly established Free Trade Zone(FTZ) in the state. The governor made the disclosure while receiving an Industrial Policy and Strategic Document from a delegation of United Nations Industrial […]
Prof. Jidere Bala, the Director-General of Energy Commission of Nigeria (ECN), has advised investors in power sector to maintain good relationship with consumers through low but cost reflective tariff regime. Bala told newsmen in Lagos that electricity was a service and consumers must have good relationship with the suppliers. The Director-General said that Generating Companies […]