Latest Nigeria Business News
The Peoples Democratic Party (PDP) has advised the Independent National Electoral Commission (INEC) on the need to ensure that violence does not mar the November 16 governorship election in Kogi State. It called on the electoral umpire to issue a “direct warning” to Kogi State Governor Yahaya Bello and the All Progressives Congress (APC) to […]
The Kano branch of Opay office -an online payment outlet for commercial tricycle operators- has been shut down by the police. The outlet was closed down during a raid carried out by the Kano state police command over alleged non-compliance with the government rules and directives. The Nation reports that armed security personnel stormed the […]
THE World Bank and Nigeria are in talks for about $2.5 billion in a new tranche of concessionary lending to Nigeria, the bank’s Vice President for Africa, Hafez Ghanem, has said. In the past year Nigeria received $2.4 billion from the World Bank, Ghanem said in an interview in Abuja, on Thursday. “We’re talking about […]
The Debt Management Office has recorded an oversubscription of N197.03bn on its Treasury bills auction of September 18, 2019. The DMO offered N3bn, N8.39bn and N168.36bn across the 91-day, 182-day and 364-day tenors. The 91-day tenor saw an oversubscription of 48.67 per cent as a total subscription of N44.46bn was recorded, compared to the N3bn […]
The Federal Government has recorded a total of N1.53tn from debt securities issued so far in the year. These debt securities are Federal Government bonds, savings bonds, green bonds and treasury bills. Latest data obtained from the Debt Management Office revealed that the highest amount of revenue of N804.6bn was recorded from treasury bills. In […]
The 2019 Dow Jones Sustainability Index has rated Coca-Cola HBC as Europe’s most sustainable beverage company. According to a statement, this is the 6th time in seven years that the company has been ranked number one in the index. It added that this was the 9th year in a row that it had been ranked […]
First City Monument Bank Plc has rewarded another set of 644 customers with cash and gifts at the third draw of its ongoing reward scheme tagged, ‘FCMB Millionaire Promo Season 6’. The bank said in a statement that the electronic selection of the winners took place at the regional and zonal levels of the bank […]
Vice-President Yemi Osinbajo on Thursday declared that Nigeria would require N770bn annually to close the financing gap in the country’s real sector. Nigeria’s real sector has its key output industries as agriculture, mining, manufacturing, building and construction, as well as services and commerce. In his keynote address at the 6th Annual General Meeting of the […]
Union Bank of Nigeria Plc, in conjunction with a women-focused non-profit organisation, Leading Ladies Africa, has unveiled 40 female entrepreneurs who will be participating in the Enterprise and Leadership Programme. The initiative, being put together by Leading Ladies Africa, is a two-month, practical, hands-on programme focused on enabling women entrepreneurs in Nigeria to identify business […]
The Federation Accounts Allocation Committee on Thursday allocated the sum of N720.88bn to the three tiers of government. The N720.880bn comprised revenue from Value Added Tax, exchange gain and gross statutory revenue. The meeting, which was chaired by the Accountant General of the Federation, Ahmed Idris, was held at the headquarters of the Ministry of […]