Latest Nigeria Business News
In reaction to speculations around his purported interest in the 2023 presidential race which has seen stampede by vested parties and interest, Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele yesterday said it was the prerogative of President Muhammadu Buhari to plan his succession plan in line with global best practice, for good governance […]
The Senate Committee on Power yesterday dismissed a petition against Dr. Yusuf Ali, who was nominated by President Muhammadu Buhari, to represent the North-central geopolitical zone on the board of the Nigerian Electricity Regulatory Commission (NERC). The panel noted that the petition against the first class, 30 year-old PhD graduate of electrical-electronic engineering who studied […]
Yinka Kolawole writes that a new wave of violence has engulfed Osun State as rival factions loyal to Governor Adegboyega Ouetola and Minister of Interior, Mr. Rauf Aregbesola engage in frequent fracas Followers of Mr Rauf Aregbesola, the Minister of Interior, appear to be under siege in the face off the rocking the All Progressives […]
It appears the gloves are now off for a bare knuckle fist between the Minister of Interior, Rauf Aregbesola and his estranged godfather, Bola Tinubu, the former Osun State governor, yesterday, tore violently into Tinubu and told him that the same treatment meted out to a former Lagos State governor, Akinwunmi Ambode, which foreclosed his […]
The Executive Vice President of European Union (EU) Commission, Margrethe Vestager, has disclosed that the EU has approved a three-year digital economy package worth €820 million for Nigeria. This, she said, was part of a Global Gateway Africa-Europe Investment Package worth €150 billion announced recently by President of the EU Commission, Ursula von der Leyen. […]
Few hours after he was declared wanted by the National Drug Law Enforcement Agency (NDLEA) over involvement in a cocaine deal, suspended Deputy Commissioner of Police (DCP) Abba Kyari was yesterday handed over by the police to the anti-narcotics agency. Kyari had solved many criminal cases and was until recently among the most celebrated police […]
Abuja Electricity Distribution Company (AEDC) has said that it is ramping up the metering of its customers under the Meter Asset Provider (MAP) scheme. The company had halted the MAP scheme following the launch of the National Mass Metering Programme (NMMP) by the federal government. The MAP metering programme gives customers the option of paying […]
Seplat Energy Plc in partnership with Conversations for Change (C4C) has announced the graduation of 15 Fellows from the duo’s entrepreneurship programme. The 2021 batch of fellows have therefore been equipped to run their businesses, and provide support for families, communities and the entire countries. C4C is a non-profit organisation with a major objective of […]
Trading activities in the Nigerian Exchange Limited (NGX) stock market yesterday kicked off the week with negative sentiments as investors’ profit taking in Airtel Africa Plc, BUA Foods, Guaranty Trust Holdings Plc (GTCO) and 20 others down market capitalization by N75 billion. The overall market capitalisation value lost N75 billion to close at N25.361 trillion […]
Any plan by the Nigerian National Petroleum Company (NNPC) Limited to exercise its pre-emptive rights over the sale of the assets of its Joint Venture (JV) partners may mean nationalisation of the facilities and a “demarketing” of Nigeria’s fossil fuels, the Editorial Board of Africa Oil & Gas Report, has posited. In the article titled […]