Latest Nigeria Business News
Nigeria and Vietnam have agreed on the establishment of a joint trade commission and to strengthen bilateral ties between the two countries. This was among the highlights of a high-level meeting between Vice-President Yemi Osinbajo and Deputy Prime Minister of the Socialist Republic of Vietnam, Mr. Vuong Dinh Hue, at the Presidential Villa in Abuja. […]
Chairman of Nigerian Governors’ Forum (NGF) and Ekiti State Governor Kayode Fayemi has congratulated President Muhammadu Buhari on the Supreme Court ruling which re-affirmed his victory at the presidential poll. He urged the Peoples Democratic Party (PDP) presidential candidate in last general election, Alhaji Atiku Abubakar, to accept the apex court’s verdict and join President […]
House of Representatives Speaker Femi Gbajabiamila has said the Electoral Act Amendment Bill did not pass because most of the provisions were targeted at President Muhammadu Buhari. The Speaker stated this yesterday in his Abuja office when he hosted a team from the Policy and Legal Advocacy Centre (PLAC), led by its Executive Director, Clement […]
Kano State is set to introduce the death penalty for kidnapping in its penal code as child abductions and trafficking worsen. Governor Abdullahi Ganduje on Thursday directed the state Ministry of Justice to immediately amend the Penal Code to add capital punishment for kidnappers. The Eze Ndigbo in Kano, Igwe Boniface Ibekwe, backed the proposal. […]
THE International Oil Companies (IOCs) are owing the Federal Government $62billion in outstanding revenue accruable from Production Sharing Contract (PSC) according to the Supreme Court judgment that ordered the revisit the fiscal terms of existing PSC. On 17 October 2018, the Supreme Court delivered a Consent Judgment in the case between the Attorney-General (A.G.) of […]
ILLEGAL logging, fishing and wildlife trade rob the world of precious natural resources – and ultimately of development benefits and livelihoods, the World Bank has said. It said the statistics are grim: an elephant is poached for its tusks about every 30 minutes, an African rhino for its horn every eight hours, one in five […]
THE Central Bank of Nigeria (CBN) spent N113.56 billion to print naira in two years, a report has said. The report from the Currency Operations Department of the CBN said the regulator spent N64.04 billion on printing banknotes in 2018 and N49.52 billion in the corresponding period of 2017 bringing the total to N113.56 billion […]
A LEGAL consultant and Senior Partner, Olaniwun Ajayi -LP, Muyiwa Balogun has said the Asset Management Corporation of Nigeria (AMCON) debt could rise to N6.6 trillion by 2024 from current N5 trillion if unchecked. Balogun who spoke in Abuja, said AMCON still owes the Central Bank of Nigeria (CBN) N4.5 trillion and also battling with […]
STANBIC IBTC Holdings PLC, a member of Standard Bank Group, has won three awards at the All Africa Employee Engagement Awards held in Sandton, Johannesburg, South Africa. The All-African Employee Engagement Awards rewards individuals and businesses for contributions to the development of employee engagement and the future of work on the African continent. Stanbic IBTC […]
The Nigerian Association of Liquefied Petroleum Gas Marketers has condemned Nigeria’s importation of Liquefied Natural Gas when the country has abundance of it. NALPGAM particularly faulted the Nigerian Liquefied Natural Gas Limited for allegedly exporting about 70 per cent of gas it produces, leaving Nigerian consumers with only 30 per cent. The gas marketers also […]