Latest Nigeria Business News
The Executive Director, Operations and Information, Fidelity Bank Plc, Gbolahan Joshua, has advised data validation agencies and organisations to adopt appropriate policies that provide financial institutions with the required flexibility to utilise available customer data. Joshua said this during a panel session at the 10th anniversary celebration of Verve in Lagos recently. He explained that […]
United Bank for Africa has rewarded another 20 customers who emerged winners in the final draw of the UBA Wise Savers Promo with N1.5m each, bringing the total amount won by 80 customers for the duration of the draw to N120m. The electronic raffle draw, which was held at the UBA Head Office in Lagos […]
The chairman of Kano state Correspondent Chapel, Nigeria Union of Journalists (NUJ), Ibrahim Shuaibu, on Thursday night escaped being lynched in Kano as hoodlums attacked him with dangerous weapons. Though he survived the attack, Shuaibu was dispossessed of all his valuables, including reasonable amount of money and handsets. It was gathered that the armed street […]
A FEDERAL High Court in Abuja has ordered the permanent forfeiture of N601million found in two accounts maintained by a government official, Okunrinboye Tomsin Titus. Following Justice Giwa Ogunbanjo gave the order on Thursday while ruling on a motion for final forfeiture orders brought by the Economic and Financial Crimes Commission (EFCC). The money in […]
Wife of the President, Hajiya Aisha Buhari, will be the ‘Mother of the day’ and declare open the 2019 National Women’s Conference organised by the Committee of Wives of Lagos State Officials (COWLSO) on Tuesday. Over 3,000 participants are expected at the conference as against the 2,500 drawn last year. Wife of Lagos state Governor, […]
The World Bank-assisted Community and Social Development Programme (CSDP) has earmarked N500 million for provision of support to 50 communities affected by Boko Haram insurgents in Borno. Alhaji Chiroma Usman, the CSDP programme manager disclosed this at a two-day training of community and group management committees for the projects on Friday in Maiduguri. Usman said […]
Senate President Ahmed Lawan on Friday warned any Minister or Head of Government Agency who failed to defend their budget by the end of October will not be given another opportunity by the National Assembly to do so. Lawan said the National Assembly will not accept any attempt to prevent them from passing the 2020 […]
Union Bank Plc, Lafarge Africa Plc and 22 other companies listed on the Nigerian Stock Exchange suffer free float deficiencies. Free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock held by promoters, company officers, controlling-interest investors, or governments. The NSE said […]
The total foreign trade of agricultural goods recorded in the country amounted to N323.4bn between April and June 2019. N73.5bn or 22.7 per cent of this figure was exported while N249.95bn was the import value, according to figures obtained from the National Bureau of Statistics. It stated that, “During the quarter, total trade in agricultural […]
The Minister of Works and Housing, Babatunde Fashola, has said that 85 per cent of the Value Added Tax to be raised in the 2020 budget will go back to the states and local governments areas to take care of salaries and infrastructure investment. According to him, the remaining 15 per cent will go to […]