Latest Nigeria Business News
The Nigerian National Petroleum Corporation has blamed the moribund state of the country’s refineries on lack of proper maintenance of its facilities over the years. Although the NNPC noted that Nigeria had one of the highest number of technicians in the petroleum sector in the world, it lamented that the experts had not been adequately […]
The Nigeria Customs Service on Monday announced an indefinite ban on importation and exportation of goods through the land borders. Comptroller-General, NCS, Col. Hameed Ali (retd), who stated this at a press conference in Abuja, also said Niger Republic had placed a ban on export of rice to Nigeria as a result of Nigeria’s border […]
Julius Berger Nigeria Plc has announced its diversification into the oil and gas industry by acquiring a 20 per cent equity stake in Petralon Energy Limited. The firm said in a statement on Monday, which was made available to the Nigerian Stock Exchange, that the acquisition was in line with its strategic partnership and joint […]
The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the end of July. Figures obtained from the National Pension Commission revealed that this amounted to 11.03 per cent of the total pension funds which was N9.36tn in the period under review. As of the end of January […]
The Nigerian Stock Exchange says a total of N70m was repatriated from capital market fraud to investors in 2018. The Chairman, NSE, Mr Abimbola Ogunbanjo, said this during the NSE’s Annual General Meeting. He said that the repatriation was done in partnership with the Economic and Financial Crimes Commission. He said the move was part […]
The Debt Management Office has listed a N15bn Green Bond on the Nigerian Stock Exchange. The NSE said it listed the N15bn bond on its daily official list on Monday. This follows the debut of N10.69bn Green Bond, which was issued by the DMO in December 2017 and listed on the NSE in July 2018. […]
The Federal Government has spent the sum of N3.39tn within the first six months of this year to finance the 2019 budget. She gave the indication in Abuja on Monday during a public presentation of the 2020 budget, which was submitted by President Muhammadu Buhari to a joint session of the National Assembly last week. […]
The Federal Government is committed to take 100 million Nigerians out of extreme poverty in the next 10 years, it has been learnt. President Muhammadu Buhari was quoted to have made the promise at a public event. Reassuring Nigerians about the government’s commitment, the Senior Special Assistant (SSA) to the President on Social Investment Programmes, […]
THE Nigeria Labour Congress (NLC) on Sunday gave a four-day ultimatum to the Federal Government to accept its demand for the consequential adjustment of salaries, based on the new minimum wage, or risk a nation-wide strike. The ultimatum ends Wednesday, the umbrella union said in a letter to the Federal Government by its General-Secretary, Emmanuel […]
Northern youths under the auspices of Arewa Youth Assembly (AYA) have risen from an extraordinary meeting in Kaduna at the weekend, passing vote of confidence on Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler and Controller General of Customs, Col Hameed Ali (Rtd.). The Northern youths said, duo of Fowler and Ali displayed […]