Latest Nigeria Business News
Bayelsa State Governor Henry Seriake Dickson has said the purported members of the Peoples Democratic Party who defected to the All Progressives Congress are outsiders to the party. The governor said in a statement by his Chief Press Secretary, Mr. Fidelis Soriwei, yesterday that the defectors were elements within the party who were engrossed in […]
The Senate on Thursday agreed with the Federal Government on the need to float an Infrastructure Bond of N10trillion towards creating a financial pool to meet funding gaps and road infrastructure deficit in the country. The Minister of Works and Housing, Babatunde Raji Fashola (SAN) made the proposal when he appeared before the National Assembly […]
Kaduna State Governor Malam Nasir El-Rufai, Lagos State Deputy Governor Obafemi Hamzat, Chief Imam of Lagos State Sheikh Sulaimon Abou-Nolla and Home Affairs Commissioner Mrs Uzamat Akinbile-Yussuf will lead other personalities to the 15th distribution of the Zakat and Sadaqat Foundation (ZSF). The event will hold on Sunday at the auditorium of the Alausa Secretariat […]
A former Minister of the Federal Capital Territory (FCT) Jumoke Akinjide has accused the Economic and Financial Crimes Commission (EFCC) of coercing her to return the N650million that she is accused of laundering. She prayed Justice Chukeujekwu Aneke of the Federal High Court in Lagos to compel the anti-graft agency to return the money to […]
The Nigerian Agip Oil Company has announced a shut-in of its oilfield in Aggah community in Ogbia/Egbema Local Government Area of Rivers State, following pipeline leakage to forestall further damage to the environment. A statement from Eni, the Italian parent company of NAOC, on Thursday confirmed this. The statement partly read,“NAOC got a report of […]
Guinness Nigeria Plc has paid N340m as interest on its bank overdraft, which hit N8.68bn in the third quarter of the year. Guinness, in its financial statements for the three-month period ended September 30, 2019, said its bank overdraft increased from N6.56bn at the end of June to N8.68bn at the end of September. The […]
The Pension Transition Arrangement Directorate says it is targeting at least 14,000 pensioners for verification across the states within the North Central zone of the country. PTAD Executive Secretary, Dr Chioma Ejikeme, disclosed this in an interview with our correspondent at the North-Central verification of government parastatals’ pensioners under the defined benefit scheme which commenced […]
The Federal Inland Revenue Service on Thursday said it collected the sum of N4.01tn in the first nine months of this year. The Executive Chairman, FIRS, Mr Babatunde Fowler, gave the figure during a meeting with the Senate Committee on Appropriations. The amount, according to a statement issued by the firm, is N77.89bn higher than […]
Against the backdrop of recent accidents involving fuel tankers, the Department of Petroleum Resources said on Thursday that it would put an end to the loading and distribution of more than 33,000 litres by road tankers. The DPR and other stakeholders, including the Federal Road Safety Corps, expressed concerns over the growing menace of tanker […]
The body of Bank CEOs has commended the decision of the National Communications Commission to suspend the Unstructured Supplementary Service Data charges by telecommunication companies for accessing bank services. The body said about 20 million new customers had been brought into the Nigerian financial system through the USSD services. In a statement, the CEOs applauded […]