Latest Nigeria Business News
The Securities and Exchange Commission is looking to attract more oil and gas firms, including the Nigerian National Petroleum Corporation and the Nigeria LNG to the Nigerian Stock Exchange. SEC also said it had started discussing with some offshore companies that had expressed interest in listing their shares on the floor of the NSE. The […]
The Federal Government on Sunday said it had opened discussions with the United Kingdom on the possibility of raising “Jollof Bond’ to finance the national budget. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, also said the $3bn loan request for the expansion of the power transmission and distribution networks in the […]
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Unstructured Supplementary Service Data access to banking services from Monday (today). The governor said this during a media briefing on the sidelines of the annual meetings of the World Bank/International Monetary Fund holding in […]
It was all jubilation for the leadership of the Nigeria Labour Congress (NLC) on Friday after reaching a deal with the Federal Government on the new salary structure for public servants. The talks had dragged for many months with threats of strike by labour at several points. A resolution was finally reached early yesterday when […]
The All Progressives Congress (APC) has challenged the People’s Democratic Party (PDP) to be ready for a real election, where votes will count and not banking on using guns. The National Chairman of the ruling party, Comrade Adams Oshiomhole, who gave the challenge in Abuja during the inauguration of the party’s National Campaign Councils for […]
Chairman, Senate Committee on Appropriation, Senator Jibrin Barau, on Friday disapproved of holding budget defence sessions in secret by some committees. Senator Barau, who gave this indication while answering questions from Senate correspondents in Abuja, said budget defence sessions are meant to be conducted in the open and not secret or closed-door sessions. He said the […]
President Muhammadu Buhari has congratulated Sir Kensington Adebukunola Adebutu on the conferment of the title ‘‘Odole –Oodua’’ October 19, 2019, by His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, Arole Oodua – Ojaja II. The President, according to a statement by the Special Adviser on Media and Publicity, Chief Femi Adesina, felicitated with family members, friends […]
Governor Aminu Bello Masari of Katsina State on Friday at the government house urged the military to go after unrepentant bandits who refuse to embrace the current olive branch offered by the state government to enthrone peace and tranquility in the state. Masari, who made the call while receiving a delegation of military chiefs led […]
The Central Bank of Nigeria (CBN) will soon sanction banks and their customers diverting agriculture and Bank of Industry (BoI) loans to government securities, The Nation has learnt. Some banks and their customers are being investigated by the apex bank over shady deals intended to game the loan to deposit ratio (LDR) policy to their advantage. Speaking […]
The equities market of the Nigerian Stock Exchange has ended it’s activities for the week with the All-Share Index depreciating by 0.32%. Similarly, all other indices finished lower with the exception of NSE Insurance, NSE Meri Value, NSE Consumer Goods and NSE Lotus II Indices which appreciated by 2.37%, 0.17%, 0.12% and 0.46% respectively while […]