Latest Nigeria Business News
The African Democratic Congress, ADC, says it will give the new Chairman of the Independent National Electoral Commission, INEC, Professor Joash Ojo Amupitan, SAN, the benefit of the doubt in leading the electoral body. This was contained in a statement by the party’s National Publicity Secretary, Bolaji Abdullahi, hours after Amupitan’s nomination was made public […]
Enugu State Governor Peter Mbah is set to dump the Peoples Democratic Party, PDP, for the ruling All Progressives Congress, APC, next week. National Chairman and Deputy National Chairman, South-East, of the APC, Nentawe Goshwe Yilwatda and Emma Eneukwu, respectively, broke the news in Abuja on Friday. The APC national leadership revealed Mbah’s imminent defection […]
The Berom Youths Moulder, BYM, has decried the renewed attacks by suspected Fulani militants in Barkin Ladi Local Government Area of Plateau State where over 10 people were killed in a recent incident. In the past one week, communities in Faan district of the council have been the epicenter of attacks by the bandits with […]
The Federal Government has directed all tertiary institutions to submit comprehensive reports on unutilised intervention funds received from the Tertiary Education Trust Fund within 30 days , saying “sanctions will be imposed on institutions that fail to utilise funds effectively.” The Minister of Education, Dr. Tunji Alausa, gave the directive in Abuja on Thursday during […]
Airtel Africa Foundation, through Airtel Nigeria, has launched its Undergraduate Tech Scholarship Programme to support 100 Nigerian undergraduates pursuing studies in information and communication technology-related fields. The disclosure was made in a statement on Thursday following remarks by the Chairman of Airtel Africa, Dr Segun Ogunsanya, at a world press conference held recently in Lagos. […]
Non-interest bank, TAJBank Limited, has recorded a 185.15 per cent oversubscription in its latest N20bn Mudarabah Sukuk bond offer. In a statement on Thursday, the bank said the figure was based on data released by investment market authorities on the bond’s performance. The data showed that the debt instrument, with an annual profit rate of […]
A new study by Moniepoint Microfinance Bank, a proudly Nigerian-founded and led financial institution, has revealed that 42 per cent of Nigeria’s informal sector operators do not have enough savings to survive beyond one month without income, underscoring the fragile financial position of millions of small businesses across the country. The yet to be released […]
The Peoples Democratic Party (PDP) has claimed that Nigeria was Africa’s top economy and the leading destination for foreign investment when it left power in 2015, accusing the All Progressives Congress (APC) of rolling back the gains achieved. The PDP National Publicity Secretary, Debo Ologunagba, revealed this while speaking with journalists during an interactive session […]
Senate President Godswill Akpabio and the Minority Leader, Senator Abba Moro (PDP, Benue South), on Wednesday exchanged words over the continuous defection of lawmakers from opposition parties to the ruling All Progressives Congress, APC. The argument followed the defection of Senator Kelvin Chukwu (Enugu East) from the Labour Party, LP, to the APC. Chukwu had […]
The National President of the National Union of Petroleum and Natural Gas Workers, NUPENG, Williams Akporeha, has denied claims that the union is using the police and the courts to resolve internal leadership disputes. Akporeha denied this allegation on Wednesday during cross-examination by Christopher Oshomegie, defence counsel, in the ongoing trial of 21 former leaders […]