Latest Nigeria Business News
Fidelity Bank Plc said its gross earnings grew by 16.3 per cent to N161.4bn at the end of September 2019 from N138.7bn reported in the same period in 2018. A statement said details of the nine-month results for the period ended September 30, 2019, released on the Nigerian Stock Exchange showed a strong double-digit growth […]
The Federal Government on Thursday said it would introduce tax incentives on investments in capital market instruments. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed said this at the opening session of a conference on capital market investment. The event which was organised by Business Day Media had as its theme, ‘Market […]
Nigeria’s foreign reserves fell by $1.26bn from $41.76bn in October 2 to $40.5bn as of the end of October 30, according to figures from the Central Bank of Nigeria on Thursday. The reserves which had continued to shed in recent months dropped by $482.18m from N45.14bn as of July 8 to $44.65bn as of August […]
Investors in the nation’s stock market have counted losses totalling N620bn in the month of October. Trading started the month at a market capitalisation of N13.450tn, dropping to its lowest level of N12.776tn on October 29, then rising to N12.830 on the last day of the month. At the end of trading on Thursday, the […]
President Muhammadu Buhari on Thursday met behind closed doors with Crown Prince of the Kingdom of Saudi Arabia, Mohammed bin Salman bin Abdulaziz, in Riyadh, Saudi Arabia. The News Agency of Nigeria reports that the meeting, being held on the sidelines of the second day of the Future Investment Initiative Summit, is one of the last engagements […]
The Supreme Court on Wednesday dismissed the appeal filed by the Peoples Democratic Party and its presidential candidate, Alhaji Atiku Abubakar, challenging the victory of President Muhammadu Buhari and the All Progressives Congress in the February 23, 2019 presidential election. The Chief Justice of Nigeria, Justice Tanko Muhammad, who led six other members of the […]
The first military governor of Lagos State, Brig-Gen. Mobolaji Olufunso Johnson (retd.), is dead. His son, Deji, confirmed that he passed on last night. He was 83. The late Gen. Johnson was appointed Military Administrator by the then military Head of State, Maj.-Gen. Thomas Aguiyi- Ironsi, and later, governor of Lagos State by his successor, […]
Director-General of National Youth Service Corps (NYSC) Brig.-Gen. Shuaibu Ibrahim has said the scheme is waiting for directives from the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on when to begin the payment of the N30,000 new minimum wage to corps members. He said serving corps members would be contacted about the […]
Ijaw youths have again shut down telecommunication masts belonging to Globalcom in Yenagoa, Bayelsa State capital. The youths under the auspices of the Ijaw Youths Council (IYC) Central Zone, said the telecommunication company refused to sit on a roundtable with them to resolve some of their corporate issues affecting the state. The Chairman, IYC, Central […]
The Nigerian Cabinet has approved a contract worth N718 million for the purchase of a mobile security scanner for the Apapa port, located in Lagos. Minister of Information and Culture, Lai Mohammed revealed this to Journalists, soon after this week’s cabinet meeting chaired by the country’s Vice President, Professor Yemi Osinbajo. The Minister said: “On behalf […]