Latest Nigeria Business News
The debt of the Asset Management Corporation of Nigeria may rise from the current value of N5tn to a N6.6tn by 2024. A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun, who said this, noted that AMCON still owed the Central Bank of Nigeria N4.5tn, and was also battling with N1.7tn of […]
The Central Bank of Nigeria says it destroyed unfit Naira currency notes worth N1.89tn in two years, 2017 and 2018. This was disclosed in the 2018 annual report of the Currency Operations Department of the apex bank. Part of the report read, “As at the end of December 2018, a total of 1,810.54 million pieces […]
ALL Progressives Congress (APC) stalwart Asiwaju Bola Tinubu has described the former Solicitor-General of the Federation, Justice Yahaya Abiodun Jinadu, who died last Thursday at 93, as a “man of unimpeachable character, competence and courage’. He said Jinadu contributed immensely to the judiciary and jurisprudence as much as he gave to his community and humanity […]
The Supreme Court has expressed displeasure at what it called unwarranted attacks by a group – Coalition of United Political Parties (CUPP) – preparatory to its hearing of an appeal filed by the Peoples Democratic Party (PDP) and its candidate in the last presidential election, Atiku Abubakar. The court, in a statement yesterday in Abuja […]
FIVE hundred members of the People’s Democratic Party (PDP) on Sunday defected to the All Progressives Congress (APC) in Lokoja Local Government Area of Kogi State. The defectors, who said they took the decision to show solidarity with Governor Yahaya Bello, were received by Mr. Muhammed Danasabe Muhammed, the local government administrator, at Anguan Power, […]
THE All Progressives Congress (APC) in Kogi State has dismissed former Senate President Dr. Bukola Saraki as not possessing enough influence to save the People’s Democratic Party (PDP) in the state. The Secretary of the Media and Publicity Committee of the APC Campaign Council, Dr. Tom Ohikere, who spoke in Abuja at a media briefing, […]
President Muhammadu Buhari on Tuesday received briefings from the Minister of Special Duties and Inter-governmental Affairs, George Akume. The closed door meeting started at the President’s office around 11.30am. It was still in progress at the time of filing this report. Details shortly…
A businessman, Ola Lawal, who allegedly defrauded Flour Mill Plc of N46 million, was on Monday brought before a Federal High Court in Lagos. Lawal and his firm, DCAN Oil and Gas Ltd, were arraigned before Justice Chuka Obiozor, on a two-count charge of fraudulent transfer of the sum. Economic and Financial Crimes Commission (EFCC) […]
NIGERIA earned $338.17 million from cocoa and cocoa products last year, the Nigerian Export Promotion Council (NEPC) has said. Also, cocoa accounted for 20.8 per cent of total of non-oil exports. Speaking on Monday in Lagos at a capacity building programme on cocoa grading and regulations, the Chief Executive, NEPC, Mr Segun Awolowo, said Nigerian […]
The Miners Association of Nigeria has blamed the Bank of Industry for the failure to disburse the N2.5bn Solid Minerals Development Fund. The fund was established in 2016 to help build the capacity of Nigeria’s artisanal and small-scale miners, in line with the Federal Government’s intention to develop the sector. The BoI was supposed to […]