Latest Nigeria Business News
Fidelity Bank says it is committed to partnering with Lagos State on infrastructure development. Fidelity Bank, said in a statement that, Lagos State Governor, Mr Babajide Sanwo-Olu, had a meeting with market leaders from Alaba, Trade Fair axis in Lagos West senatorial district. It added that the consultative meeting which was coordinated by the Managing […]
Investors in the capital market have decried the difficulties in reclaiming their dividends running into N126.03bn. Some of the shareholders, who spoke in separate interviews with our correspondent, described the e-dividend mandate management system as ‘a scam’. The latest data obtained from Securities and Exchange Commission showed that the total value of unclaimed dividends as […]
MTN Nigeria says it is ready to engage with stakeholders in the industry to find a solution to the USSD access charge dispute. The company, in a statement signed by the Company Secretary, Uto Ukpanah, said its approach and engagement with banks over the application of the USSD access charge was transparent and simple. MTN […]
the Central Bank of Nigeria is billed to auction N93.13bn worth of treasury bills in a Dutch auction at the end of the month. The CBN said in its tender notice on Wednesday that the treasury bills spread across the 91-day, 182-day and 364-day tenors. It said N28.02bn would be offered on the 91-day tenor […]
SOME victims of last week’s fire incident in Onitsha, Anambra State, on Wednesday accused Governor Willie Obiano of not paying them a visit. The traders and their landlords said shops on Emordi and Amobi streets and Zik Avenue were mostly affected. One of the traders, Anthony Okonkwo, who spoke for others, said only the Minister […]
The Aliko Dangote Foundation (ADF) has initiated a programme to empower 774,000 women from each of Nigeria’s 774 local government areas. At least 1,000 women from each council will partake in the N10 billion provided for the programme by the Foundation Chairman Alhaji Aliko Dangote. The Foundation on Wednesday launched a scheme to empower 23,990 […]
President Muhammadu Buhari has renamed the Ministry of Communications following the request by the new Minister, Dr Isa Ali Pantami. It will now be known as the Ministry of Communications and Digital Economy. ” The Ministry which supervises the ICT Sector has been renamed The Federal Ministry of Communications and Digital Economy to further expand […]
The Minister of Interior Rauf Aregbesola, on Wednesday disclosed that there are 75, 000 inmates currently in the country’s correctional facilities. Aregbesola made the disclosure at a public hearing organised by the National Assembly Joint Committee on Appropriation. The minister said that the Federal Government was working on de-congesting correctional centres across Nigeria by reducing […]
The Minister of Works and Housing, Babatunde Fashola on Wednesday said the Federal Government would spend N60.87billion on capital projects in the housing sector next year. Fashola spoke why defending the 2020 Housing budget before the Senate Committee on Housing, Chaired by Senator Sam Egwu, in Abuja. The minister also said the sum of N118,881,182.99 […]
The Electricity Distribution Companies (DisCos) have appealed to the National Assembly to intervene in the current liquidity crisis in the power sector. They said they will need N8.7 billion to comply with the remittance order set by the Nigerian Electricity Regulatory Commission (NERC). In a breakdown of the required amount, Association of Nigeria Electricity Distributors […]