Latest Nigeria Business News
An advocacy group under the auspices of Open Forum in Akwa Ibom State has called on the state governor, Umo Eno, to fashion out an acceptable resolution method to end the lingering Stubb Creeks Forest crisis in the state. The crisis over the control of the oil-rich reserves has dragged on for more than two […]
The Inspector-General of Police, Kayode Egbetokun, has temporarily suspended the enforcement of the Motor Vehicles (Prohibition of Tinted Glass) Act, 1991. A statement on Thursday by the Force Public Relations Officer, CSP Benjamin Hundeyin, said the decision followed a meeting between the police chief and a delegation of the Nigerian Bar Association led by its […]
The Chairman of Trade Union Congress in Bayelsa State, Julius Laye, has called on the Governor DouyeDiri-led government to do more in spite of its achievements in several sectors of the economy. Laye particularly mentioned the ongoing construction of roads, the acquisition of two aircrafts, gas turbines, construction of the nine-storey state secretariat building and […]
Nigeria’s broadband expansion push gained momentum after 11 states removed charges on Right-of-Way for fibre-optic deployment, the telecoms regulator said Wednesday, urging others to follow suit to speed up digital infrastructure projects. RoW fees are levies imposed by state governments on operators for laying fibre cables along roads and public land. The charges have been […]
The NNPC Limited, Sahara Group, Eroton E&P, and Bilton Energy Ltd have unveiled Nigeria’s first wholly owned 2.2-million-barrel capacity Floating Storage and Offloading vessel, designed to drive sustained oil and gas production. In a statement on Wednesday, the firms said the vessel is Nigeria’s first crude oil terminal to be commissioned in 50 years. “Christened […]
The Nigerian Exchange maintained its bullish momentum on Wednesday as renewed investor confidence pushed the market capitalisation higher by N459bn, driven by sustained interest in banking and oil stocks. At the close of trading, the market capitalisation rose to N92.5tn from N92.04tn recorded on Tuesday, while the All-Share Index appreciated 0.50 per cent to close […]
FirstBank Group has expressed its commitment to bridging financing gaps and leveraging digital solutions to tackle business challenges across key sectors of the economy. This was disclosed by the Managing Director/Chief Executive Officer of FirstBank, Segun Alebiosu, at a breakfast session during the 31st Nigeria Economic Summit, themed ‘Expanding Access to Finance and Driving Growth […]
Some of the engineers sacked by the Dangote refinery for allegedly joining the Petroleum and Natural Gas Senior Staff Association of Nigeria have decried the plan to redeploy them to sugar, cement and other business units under the Dangote Group. The workers, who spoke with The PUNCH anonymously due to the sensitivity of the matter, […]
Former National Secretary of the All Progressives Congress, APC, Iyiola Omisore, has expressed the optimism that he would clinch the ticket of the party 2026 Osun State governorship election. DAILY POST reports that the state will go to the polls by August 8, 2026, to elect a governor, and the Independent National Electoral Commission, INEC, […]
The speculation surrounding the 2027 political ambition of former President Goodluck Jonathan under the Peoples Democratic Party, PDP, took a different twist on Monday. DAILY POST reports that Jonathan was on Monday dragged to a Federal High Court in Abuja over his bid to participate in the 2027 election. It could be recalled that a […]