Latest Nigeria Business News
The local currency, naira appreciated against the dollar at the interbank segment of the foreign exchange market to N306.95 on Thursday from N307 against the dollar it opened this month. Our correspondent gathered that dollar suffered the marginal loss against the local currency towards the end of September amid the trade war between United States […]
The Federal Government has signed a $3.9bn contract with the China Railway Construction Corporation Limited for the construction of a new Abuja-Itakpe-Lokoja rail line. The rail line will pass through Baro and have a branch line to Lokoja, the Kogi State capital. Also included in the contract agreement is the completion of the rail line […]
EXPERTS in the metallurgical sector on Thursday said the Federal Government can earn $280 billion and $12 billion from the iron ore and lead reserve in the country respectively. The estimated deposits of iron ore stands at three billion tons, coal at three billion tons while lead/zinc is 10 million tons, according to the 2018 […]
THE Federal Government has so far generated N2 billion from mineral titles in the mining sectors. Director-General, Nigeria Mining Cadastre Office (MCO), Mr Obadiah Nkom who disclosed this also said the agency has been able to revoke about 1,566 mineral titles without having to infringe on the provisions of the act of the agency. He […]
THE Nigerian Ports Authority (NPA) has raked in over N300billion from the Lagos Port Complex in the last two months, it was learnt. The cash was realised between July and August this year. Speaking with The Nation on the sideline of the quarterly stakeholders meeting organised by the management of the Authourity in Apapa, Lagos, […]
NIGERIAN Breweries (NB) said it is committed to expanding education across the country by developing and raising the standard of education using the Felix Ohiwerei Educational Trust Fund. With the Fund, the brewery giant has impacted 35,000 students across the country, building over 400 classrooms and about 35 libraries equipped with furniture and books in […]
ACCESS Bank Plc has partnered with Star Lager Beer to unveil ‘Access The Stars’. The scheme will enable the firms to discover new music talents across the country. It will also give exceptional Nigerians the chance to be refined, and empowered to reach superstar status in the music industry. In addition to the fame of […]
Deputy Senate President Ovie Omo-Agege on Wednesday urged Nigerians to support the National Assembly’s efforts to enact an effective law against sexual harassment in workplaces and educational institutions in the country. In a statement by his Special Adviser (SA) on Media and Publicity, Yomi Odunuga, the Deputy Senate President explained why he reintroduced the Sexual […]
A 40- year-old teacher, Charles Adetunji, on Thursday appeared before an Ikeja Chief Magistrates’ Court for allegedly aiding a student to write her West Africa Senior School Certificate Examinations (WAEC). Adetunji, who resides at No. 7, Oyewole St., Abule Egba, Lagos, is facing a two-count charge of conspiracy and examination malpractice, to which he pleaded […]
Thirty-six days to the Kogi governorship election, the chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, on Thursday, arrived Lokoja, the Kogi State capital, for a stakeholders meeting. Other notable INEC officers, including the National Commissioner in-charge of Kogi, Nasarawa and Kwara states, Mohammed Haruna. Others INEC national commissioners present include, Okechuku […]