Latest Nigeria Business News
LESS than 24 hours after the All Progressives Congress National Chairman, Comrade Adams Oshiomhole, flayed Bayelsa State governor, Hon Seriake Dickson, for using unsophisticated language against his party’s governorship candidate, David Lyon, the governor has replied the former labour leader, saying that he lacks adequate knowledge of who he chose as the flag bearer of […]
The Federal Government on Friday sealed a €70m economic cooperation agreement with the government of Germany. The pact would enable the government of Germany provide assistance to the country in key areas of the economy. The Minister of State for Finance, Budget and National Planning, Clem Agba, signed for the Federal Government while the Head […]
The Nigerian Stock Exchange All-Share Index on Friday lost 98.45 points or 0.36 per cent to close lower at 26,987.45 mark. The News Agency of Nigeria reports that this was against the 27,085.69 mark achieved at the close of business on Thursday. Similarly, the market capitalisation which opened at N13.185 trillion shed N48 billion or 0.36 per […]
The Nigerian Ports Authority says between January 2018 when it received court injunction stopping it from shutting down terminal B and June 2019 when the terminal was finally shut down for safety reasons, BUA enjoyed peaceful occupation of the premises and berthed 117 vessels made up of liquid and dry bulk cargoes. NPA stated this […]
First Bank partners NESG to host economic summit First Bank of Nigeria Limited says it is partnering the Nigerian Economic Summit Group to host the 25th Nigerian Economic Summit. The bank in a statement on Friday said the partnership aligned with its continued commitment to creating an enabling environment and opportunities for the promotion of […]
An Economic and financial expert has said the aggressive actions of the Central Bank of Nigeria for banks to maintain a minimum Loan-to-Deposit Ratio of 65 per cent may lead to increase in default lending rate by banks. Other experts who spoke during a panel session at a breakfast meeting of the Association of Corporate […]
The crude oil production quota for Nigeria is now 1.77 million barrels per day following agreements reached by members of the Organisation of Petroleum Exporting Countries. OPEC member countries and their non-OPEC allies had agreed to cut down crude oil production in order to halt the fall in global crude oil prices. This came as […]
Chairman of House of Representatives Committee on Aviation, Nnolim Nnaji, has said work should be reopened on the protracted Abuja Airport’s second runway. Nnaji spoke on Thursday during his post-inaugural address to the House. The lawmaker said the strategic location of Abuja airport to the nation’s seat of political power makes it imperative to have […]
Minister of Labour and Employment, Dr Chris Ngige, on Thursday, said that the demand of labour over the implementation of the new minimum wage would cost the Federal Government N580 billion annually. Ngige said that such adjustment, in line with labour’s demand, was not sustainable as the government would have to lay off some workers […]
Facebook has removed hundreds of accounts, pages and groups from its social network platforms that the company says were involved in coordinated inauthentic behaviour. The tech giant said it removed a total of 443 Facebook and 125 Instagram accounts, as well as 200 pages and 76 groups originating in the United Arab Emirates, Egypt, Nigeria […]