Latest Nigeria Business News
TOTAL external debt of low- and middle-income countries climbed 5.3 percent to $7.8 trillion last year, while net debt flows (gross disbursements minus principal payments) from external creditors tumbled 28 percent to $529 billion, the World Bank’s International Debt Statistics 2020 shows. Although on average the external debt burden of low- and middle-income countries was […]
The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) yesterday signed a Memorandum of Understanding (MoU) that will see the two exchanges cooperating in promoting cross listing and trading of green bonds in Nigeria and Luxembourg. The agreement was signed yesterday at the sidelines of the annual meeting of the World Federation of […]
A Federal Capital Territory (FCT) High Court in Maitama, Abuja, on Tuesday fixed December 11 for hearing in the trial of Col. Sambo Dasuki (retd.) and four others for allegedly misappropriating N19.4 billion arms funds. Justice Hussein Baba-Yusuf adjourned the trial after the Economic and Financial Crimes Commission (EFCC) counsel, Mr Oluwaleken Atolegbe, holding the […]
The Independent National Electoral Commission (INEC) has confirmed that 23 political parties will be listed on the ballot for the November 16 governorship election in Kogi State. Making the clarification during a workshop for journalists and media influencers, on the 2019 Kogi governorship election, on Wednesday, in Lokoja, the National Commissioner and Chairman, Information and […]
The Director-General of the National Youth Service Corps, Brigadier General Shuaibu Ibrahim has disclosed that about 95 graduates with fake certificates from Nigerian and foreign universities were apprehended and handed to security agencies during the last orientation exercise. Just as he threatened to blacklist any institution caught including the names of unqualified persons for mobilization […]
The first runner-up at the Kogi Peoples Democratic Party (PDP) governorship primary and son of former Governor Ibrahim Idris, Alhaji Abubakar Idris, has denied meeting secretly with Governor Yahaya Bello. Bello, who is seeking a second term in office, is the candidate of the ruling All Progressives Congress (APC), for the November 16 governorship election […]
Kwara state High Court sitting in Ilorin, the state capital on Wednesday sentenced another internet fraudster Akinbamidele Femi Johnson to six months imprisonment. Economic and Financial Crimes Commission (EFCC) had dragged the convict before the high court on a-three count charge that bordered on Internet fraud and other fraud related offences. The charge reads “that […]
The Federal Government may cancel the licences of eight power distribution companies as the Discos breached some provisions of the Electric Power Sector Reform Act in July 2019. According to the Nigerian Electricity Regulatory Commission, the eight power firms include Abuja, Benin, Enugu and Ikeja Discos. Others are Kaduna, Kano, Port Harcourt and Yola Discos. […]
President Muhammadu Buhari on Tuesday proposed the highest allocation of N262bn to the Ministry of Works and Housing, just as Power, Transportation and Defence followed with N123bn, N112bn and N100bn, respectively in the 2020 budget estimates presented to the National Assembly. These are some of the details of N10.33tn budget for the 2020 which is […]
Only a sum of N95m has been disbursed from the N2.5bn Solid Minerals Development Fund, which was established in 2016. The fund was meant to build the capacity of Nigeria’s artisanal and small-scale miners in line with the Federal Government’s intention to develop the sector. The Minister of Mines and Steel Development, Olamilekan Adegbite, gave […]