Latest Nigeria Business News
Ikeja Electricity Distribution Company plans to invest N105bn in its network in the next five years; figures released by the Nigerian Electricity Regulatory Commission on Wednesday have shown. In its draft Performance Improvement Plan submitted to the NERC, it was observed that Ikeja Disco also plans to reduce its Average Technical Commercial and Collection losses […]
The Senate on Wednesday mandated three of its committees to investigate seven international oil companies over their alleged refusal to remit about $21bn to the national treasury. The decision of the upper chamber was sequel to a motion by the Vice Chairman, Senate Committee on Petroleum Resources, Ifeanyi Ubah. Ubah had drawn the attention of […]
The fate of many small refinery projects in the country hangs in the balance while Dangote Industries Limited pushes ahead with its massive project, ’FEMI ASU writes While 44 refinery licences have been given to private investors, only a few projects, including the one being built by Dangote Industries Limited in Lagos, are underway. Niger Delta Petroleum […]
The Federal Government on Wednesday announced plans to ensure the return of tollgates on federal highways. The tollgates were abolished in 2003 by the administration of ex-President Olusegun Obasanjo. The Minister of Works and Housing, Babatunde Fashola, stated this while briefing State House correspondents on the outcome of the Federal Executive Council meeting presided over […]
The Federal Government’s domestic debt outstanding rose by N1.26tn to N13.41tn as of June 2019, over the figure for the corresponding period of 2018. This was disclosed in the Central Bank of Nigeria’s half year report on Federal Government’s domestic debt. Part of the report read, “The total domestic debt outstanding at the end of […]
Lafarge Africa on Wednesday said the demand for its materials and solutions are driven by global population growth, urbanisation, improved living standards and sustainable construction. It also said leveraging innovative expertise has helped to provide value-added products and solutions in the building and construction industry in the country. Its Chief Executive Officer, Michel Puchercos who […]
The Comptroller-General, Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), on Wednesday said the agency collected N9.2billion in one day as a result of ongoing partial border closure exercise by the Federal Government. Answering questions from members of the joint National Assembly Committee on Finance, in Abuja, he said the agency now maintains an average […]
Medium Term Expenditure Framework is to be tabled before House of Representatives for further deliberation on Thursday, Speaker of the House, Hon. Femi Gbajabiamila has said. The Speaker made the announcement at the resume plenary of the House on Wednesday. He directed the House Committee on Finance to conclude work on the document by the […]
Tribunal says facts presented by Mr Alex Izion Lead Counsel to APC are in total conformity with as ruled by at the ongoing judgement. Details Shortly…
A councillor and Majority Leader of Sapele Local Government Legislative Arm, Delta state Chief Venture Kagbude, has been reportedly shot dead by suspected assassins. It was gathered that the tragic incident occurred at about 6 pm on Tuesday along the Sapele/Effurun/Warri Road. Chief Kagbude, was the Chairman of Okirighre community in Sapele council area, as […]