Latest Nigeria Business News
President Muhammadu Buhari on Wednesday applauded the contributions of Bill and Melinda Gates Foundation, and Aliko Dangote Foundation to humanitarian and developmental activities in Nigeria. Meeting with the duo at the sidelines of the 74th United Nations General Assembly in New York, the President said they have touched humanity in many positive ways, and congratulated […]
The Senate Thursday commenced the consideration of its Legislative Agenda. The Senate had on Wednesday received the report from its ad-hoc committee on the 9th Senate’s Legislative Agenda. Senator Adamu Aliero representing Kebbi Central Senatorial District, chaired the ad-hoc committee. Details later..
THE National Insurance Commission (NAICOM) has received the recapitalisation plans of 47 insurers and two reinsurers. This is coming following the circular issued by the Commission directing the risk bearing companies to submit their recapitalisation plans by August 20, 2019. Head, Commissioner for Insurance’ Directorate, Rasaaq Salami, explained that the Commission, in keeping with the […]
THE Nigerian National Petroleum Corporation (NNPC) and the Major Marketers Association of Nigeria (MOMAN) have resolved to work together to grow the oil industry. Group Managing Director of the NNPC, Mallam Mele Kyari and MOMAN chairman, Mr. Tunji Oyebanji, made the pledge during the visit of the MOMAN’s executive to the NNPC in Abuja on […]
FIRST CITY Monument Bank (FCMB) has delighted and empowered new set of 644 customers with cash and various exciting gifts at the third draws of the Bank’s ongoing bumper reward scheme tagged, ‘’FCMB Millionaire Promo Season 6’’. The electronic selection of the winners took place at the regional and zonal levels of the Bank across […]
The Securities and Exchange Commission says it will hold a round-table conference on the commodities trading. The acting Director-General, SEC, Ms Mary Uduk, said the initiative was in line with the commission’s avowed determination to further deepen the capital market and have a vibrant commodities exchange. She said the conference was scheduled to hold in […]
Linkage Assurance Plc has said its board of directors is considering a capital raise of N7.5bn. This follows the recent increase in the minimum share capital of insurers by the National Insurance Commission. NAICOM had in May issued a circular on the increase in the minimum paid-up share capital of all classes of insurers ― […]
United Bank for Africa Plc and the Lagos Chamber of Commerce and Industry have assured the Small and Medium Enterprises of support to help their businesses grow. The Head Group, Consumer Retail Business, Mr Jude Anele, gave this assurance on Tuesday at a press conference on the 2019 Lagos International Trade Fair scheduled to hold […]
The remittances of the Nigerian National Petroleum Corporation to the Federation Account dropped by N1.59tn within a five-year period, figures contained in the latest report of the Nigeria Extractive Industries Transparency Initiative have shown. An analysis of NEITI’s Fiscal Allocation and Statutory Disbursement Audit report for 2012 to 2016 showed that the national oil firm […]
Managing Director of the Nigerian Ports Authority, Hadiza Bala-Usman, has engaged consultants to determine the level of investment needed to improve the infrastructural capacity of the Port Harcourt port. She disclosed this while hosting members of the House of Representatives Ad-hoc Committee on Ports and Harbours in her office in Lagos, a statement signed by […]