Latest Nigeria Business News
Although the Independent National Electoral commission (INEC), has yet to declare open, campaigns for the 2023 elections, and had even warned early risers to be circumspect, else, it would weigh in the big stick, truth is that campaigns have actually begun and in full blaze. And this is across the board. From the political parties […]
The Chairman, Senate Committee on Industries and the Senator representing the Lagos East Senatorial District in the National Assembly, Distinguished Senator Mukhail Adetokunbo Abiru has assured that he will not relent on the drive to ensure the qualitative representation to the people of the district. The Senator gave this assurance when he met with the […]
A total of 496 foreign trained medical and dental graduates failed the assessment examination conducted by the Medical and Dental Council of Nigeria (MDCN) at the Usmanu Danfodiyo University Teaching Hospital (UDUTH) Sokoto, in November 2021. The assessment examination is mandatory for all foreign trained medical doctors wishing to obtain certification to practice in Nigeria. […]
The nine months investigation into alleged financial improprieties at the Nigerian Ports Authority (NPA), came to a close yesterday with a win-win verdict handed all the parties involved. Report of the 11-man committee, headed by the Director of Maritime services in the Ministryof Transport, Suleiman Auwalu, cleared the former Managing Director of NPA, Hadiza Bala-Usman […]
Come March 25, 2022, the governors of the 36 states in the federation would know if the federal government could go ahead as scheduled to pay six consultants, the sum of $418 million being fees accrued to them, for helping the states recover billions of dollars deducted in excess from their accounts in the payment […]
President Muhammadu Buhari yesterday criticised the National Assembly for removing crucial projects from the 2022 budget estimates sent to it by the executive and inserting the lawmakers’ projects to the tune of N887 billion in the fiscal document before it was signed into law. He also accused the federal lawmakers of making unnecessary incursion into […]
Stanbic IBTC Asset Management a subsidiary of Stanbic IBTC Holdings Plc has announced its final 2021 distribution of NGN2.00 per unit to unit holders invested in Tranche I of the Stanbic IBTC Infrastructure Fund. In a statement, the company said the distribution, which was made in January 2022, is in addition to the interim distribution […]
The Bank of Industry (BOI), assisted by Rand Merchant Bank (RMB) has issued a EUR700m Eurobond by way of 144A/RegS Senior Note Participation Notes, irrevocably and unconditionally guaranteed by the Federal Government of Nigeria. According to a statement by RMB, the global coordinator and active bookrunner on the Eurobond, BOI, the first African National DFI […]
The Nigerian National Petroleum Company (NNPC) yesterday said the supply of petrol would normalise across the country in a few days, announcing that between now and the end of February, it expects at least 2.3 billion litres of the product to berth in Nigeria. The announcement came as good news to Nigerians, especially in Abuja […]
The Securities and Exchange Commission (SEC) yesterday disclosed that it is engaging the National Orientation Agency (NOA) as well as regulators of public agencies to curb the activities of illegal operators. Director General of the SEC, Mr. Lamido Yuguda stated this in a goodwill message at the opening ceremony of a National Fact-Checking Course organized […]