Latest Nigeria Business News
The Federal Government on Monday issued a Business Case Certificate to Cross River State for the state to go ahead with plans to construct its deep seaport. Cross River State Governor, Ben Ayade, who came for the OBC at the Federal Ministry of Transportation in Abuja, said the certificate would enable the state to take […]
The Central Bank of Nigeria and the Deposit Money Banks have disclosed their plans to transform the National Theatre at Iganmu in Lagos and make it a vibrant tourist centre. The CBN Governor, Godwin Emefiele, who disclosed this on Monday during the Creative Nigeria Summit in Lagos, also said that the apex bank would soon […]
The Manufacturers Association of Nigeria has said the implementation of the cashless policy may have negative impact on the Micro, Small and Medium Enterprises. The association gave the position in a statement released in Lagos on Monday by its Director-General, Segun Ajayi-Kadir. The MAN DG said the Central Bank of Nigeria failed to make any […]
Over 8,000 retired federal workers have completed their verification at the ongoing Parastatal Pensioner Verification for pensioners and next of kin under the Defined Benefit Scheme in the North-West zone of the country. The North-West centre comprises seven states, which are Kaduna, Kano, Katsina, Kebbi, Jigawa, Sokoto and Zamfara. The Executive Secretary, , Pension Transitional […]
Brent crude dropped again in price on Monday, shedding $1.09 to close at $60.82 per barrel. Also, the oil output of the Organisation of Petroleum Exporting Countries fell to an eight-year low in September after attacks on Saudi Arabia oil plants cut production. It was further learnt that crude oil in OPEC basket fell to […]
Despite persistent sell-offs and losses witnessed in the equities market recently, a total of N245bn net gain was recorded in the third quarter of the year. The market capitalisation of equities, which opened the third quarter at N13.250tn, closed the quarter at a value of N13.450tn. At the end of the last trading day in […]
The Non-Academic Staff Union of Educational and Associated Institutions members working in Nigeria offices of the West Africans Examination Council will withdraw their services as from October 14. The News Agency of Nigeria reports that General Secretary of NASU, Peters Adeyemi, in a statement on Sunday, said the action became necessary following WAEC management’s delay in responding […]
The Southern and Middle Belt Leaders Forum has demanded explanations from President Muhammadu Buhari on the stripping of Vice-President Yemi Osinbajo of his constitutional functions. The group, in a statement in Abuja on Sunday by Chief Edwin Clark (South-South), Chief Ayo Adebanjo (South-West), Chief John Nwodo (South-East) and Dr Pogu Bitrus (Middl-Belt), expressed doubts about […]
Convener of #RevolutionNow protest, Mr. Omoyele Sowore, has arrived the Federal High Court in Abuja set for his arraignment on charges of treasonable felony and other sundry offences instituted against him by the Federal Government. Sowore, who was surounded by the operatives of the Department of Service for the scheduled arraignment, arrived the fourth floor […]
Members of the Senate and House of Representatives joint Committee on Finance are locked in a marathon meeting. It is to meet the one-week deadline given to them to submit a report on the 2020 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) for consideration and passage by the National Assembly. Senate President Ahmad […]