Latest Nigeria Business News
The Police Service Commission (PSC) has advised the public to disregard a list of candidates scheduled for training and allegedly released by the Nigeria Police Force (NPF) for recruitment into the Constable cadre. A statement in Abuja by the commission’s Head of Press and Public Relations, Ikechukwu Ani, said the release of the list by […]
THE Federal Government cannot meet the demand of Labour in the new minimum wage regime, Minister of Labour and Employment Chris Ngige, said on Tuesday. According to him, the economy will grind to a halt like that of Venezuela, should the government accede to Labour’s request, the minister added. Although the Federal Government has started […]
Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible. But gains were limited on lingering concerns of a global economic slowdown. Global benchmark Brent […]
THE Federal Government will be $1.5 billion richer after the passage of the Deep Offshore and Inland Basin Production Sharing Contract (Amendment) Bill by the National Assembly, Senate President, Ahmad Lawan, said on Tuesday. The Senate also adjourned plenary for two weeks to enable its Standing Committees engage Ministries, Departments and Agencies (MDAs) for the […]
Minister of Finance, Mrs Zainab Ahmed has advised the management of Asset Management Corporation of Nigeria (AMCON) led by Ahmed Kuru, Managing Director/Chief Executive Officer to do everything with the powers of its newly amended Act to recover the huge debt owed the Corporation by a few individuals and organisations in the country. Other Ministries Agencies […]
TOTAL Exploration and Production Nigeria Limited has invested over $10 billion in the last five years in the country and supported over 50,000 students through its scholarship scheme. Its Executive General Manager, Corporate Social Responsibility (CSR) and Medical Services, Mr. Vincent Nnadi, stated this at an interactive forum with reporters in Lagos. He also highlighted […]
The International Monetary Fund has advised the Central Bank of Nigeria to unify the country’s exchange rate system in order to avoid situations where public and private sector decisions are distorted due to uncertainties. It also said there was a need for the government to come up with measures to boost the non-oil revenue in […]
The shareholders of LASACO Insurance Plc have granted the firm the approval to raise N10bn capital through special/private placement. They gave their approval during the firm’s 39thannual general meeting in Lagos. LASACO planned to raise the additional capital through the issuance of up to 9,250,000,000 ordinary shares of N0.50k each at N1.20k per share by […]
The Consumer Price Index released by the National Bureau of Statistics on Tuesday showed inflation index rose to 11.24 per cent in September, barely a month after the border closure. The 11.24 per cent represents an increase of 0.22 per cent when compared to the 11.02 per cent recorded in August. The prices of food […]
seplat Petroleum Development Company Plc has revealed plans to acquire Eland Oil and Gas Plc for N174.2bn (£382m). Seplat said this in a notice on Tuesday that the recommended cash acquisition of Eland Oil would be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006. The notice stated […]