Latest Nigeria Business News
Guaranty Trust Bank Plc has declared a profit before tax of N170.7bn for the period ended September 30, 2019. The bank’s financial statement revealed that the PBT grew by 3.9 per cent from the N164.2bn recorded in the same period in 2018. Profit after tax improved to N147.0bn from N142.2bn recorded in 2018. The bank’s […]
The James Hope College (JHC) has announced the acquisition of the American International School Lagos (AISL) Lekki Campus facility to establish James Hope College in Lagos. This was disclosed at the signing ceremony held yesterday at the Civic Centre, Victoria Island, Lagos. The event had the Governor of Lagos, His Excellency BabajideSanwo-Olu, the United States […]
THE Ghanaian Government on Wednesday urged the Federal Government to reconsider its stand on border closure with nighbouring West African countries. Ghanaian Minister of Foreign Affairs and Regional Integration Ms Shirley Botchwey, was in Abuja to have audience with the Minister of Foreign Affairs, Geoffrey Onyeama, on the possibility of persuading Nigeria to take a […]
CHIEF of Staff to Governor Godwin Obaseki, Taiwo Akerele, has faulted claims that the governor did not continue with his predecessor’s projects and policies. Akerele said it was not proper for Obaseki to continue with certain “bad policies” of the Adams Oshiomhole administration. He told reporters that Obaseki continued with good policies on the education […]
The Federal Government and Organised Labour again failed to reach an agreement on the full implementation of the new minimum wage after it resumed negotiations on the consequential adjustment of salaries for workers on Thursday. After about eight hours meeting that began at 5pm and ended at 2am on Thursday, Minister of Labour and Employment, […]
The National Assembly has drastically reduced the salaries and allowances of over 3,000 Legislative Aides serving in the Ninth National Assembly. The aides, who are hired by the 109 senators and 360 members in the House of Representatives, started receiving letters of appointments from June 2019 while some are still expecting theirs. Findings by our […]
BOARD members of some insurance firms have interfered in management functions and contributed to their problems, the Acting Commissioner, National Insurance Commission (NAICOM), Mr. Sunday Thomas has said. He spoke yesterday during his opening remarks at the second Edition of the Conference for Directors of Insurance Companies organised by the Commission at Oriental Hotel, Lagos […]
THE Senate on Thursday faulted the Central Bank of Nigeria (CBN’s) Anchor Borrowers Programme (ABP), insisting that the apex bank was not in the position to implement it. The Chairman, Senate Committee on Agriculture and Rural Development, Sen Abdullahi Adamu, argued that the Ministry of Agriculture has the primary mandate to implement all national agricultural […]
Seplat Petroleum Development Company Plc has acquired Eland Oil & Gas Plc for a cash value of £382 million. Seplat, in a statement, noted that the boards of Seplat and Eland reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Eland by […]
The Debt Management Office has said that the Federal Government will auction N150bn worth of bonds by subscription on October 23. A circular by the DMO on Wednesday showed the breakdown of the figure to include a N50bn five-year reopening bond that would mature in April 2023 and be offered at 12.75 per cent; N50bn […]