Latest Nigeria Business News
The Presidency on Friday faulted the United Nations rapporteur report on violence in Nigeria. A statement by the Senior Special Assistant on Media and publicity, Mallam Garba Shehu, described the report as disappointing. He said: “We have read press reports of the UN rapporteur on violence in Nigeria. “While we agree that the violence in […]
The African Development Bank (AfDB) has approved 500,000 dollars grant to support the development of clean energy in Nigeria. A statement issued by the bank on Friday said that the grant was approved under the AfDB’s Sustainable Energy Fund for Africa (SEFA). SEFA is a multi-donor facility established to unlock private sector investments in small […]
Keystone Bank Limited, in partnership with Verve International, has launched a promotion to reward customers for using its Verve Card to purchase petrol at select Oando Petrol stations across Nigeria. According to a statement by the lender on Friday, promo tagged “Free Fuel Alert” is open to new and existing customers of the bank. Customers […]
The Minister of State for Petroleum Resources, Timipre Sylva, on Friday outlined the deliverables of his ministry on which the Nigerian National Petroleum Corporation and other departments and agencies under his watch should take a cue. In a presentation at the commencement of a two-day retreat of the minister for directors of the Federal Ministry […]
The Central Bank of Nigeria on Friday said it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment system. The CBN Governor, Mr Godwin Emefiele, said this while briefing journalists shortly after the Monetary Policy Committee meeting. He said that contrary to claims in some quarters that […]
The World Bank has advised Nigeria to scale up its social investment programmes to address the large number of people living in extreme poverty. The World Bank Country Director, Mr Rachid Benmessaoud, said this on Friday at the inauguration of the Africa Social Safety Nets Report by the National Social Safety Nets Coordinating Office and […]
Trading closed positively on the Nigerian Stock Exchange on Friday with the market capitalisation improving by N25 billion. The News Agency of Nigeria reports that the market capitalisation closed higher at N13.483 trillion compared with N13.458 trillion, an increase of 0.19 per cent. Also, the NSE All-Share Index rose by 52.54 points or 0.19 to close at […]
Ahead of the November 16 governorship election in Kogi State, the Independent National Electoral Commission (INEC) has stepped up training of its officials in tracking and intervention technics on election day. National Commissioner Mrs. Amina Zakari, at the opening of a two-day workshop of the Election Monitoring and Support System (EMSC), advised participants, including Electoral […]
The Police in Rivers State have arrested an ex-militant Gracious David West, 26, alleged to be responsible for the murder of about 13 women. West was declared wanted by the police on Wedneaday after a Close Circuit Television Camera (CCTV) footage showed he had booked into a hotel with a young woman who was found […]
SECURITY chiefs got an order on Thursday from President Muhammadu Buhari to end crude oil theft, Inspector-General (IG) Muhammed Adamu told reporters after the security chiefs met with the President at the State House in Abuja. Adamu said the President specifically told security agencies to intensify security along the petroleum pipelines and other facilities to […]