Latest Nigeria Business News
The Federal Government will today Tuesday September 17, 2019 inaugurate 98.8KW solar hybrid mini grid power plant at Kare-Dadin Kowa, in Kebbi State. This is part of its commitment to providing equitable access to electricity across regions in Nigeria. It did this, according to statement, through the Rural Electrification Agency. Kare-Dadin Kowa is a small […]
The Central Bank of Nigeria has disclosed that total direct remittances to Nigeria in the first seven months of the year rose by 135.51 per cent to $11.54bn as against $4.9bn reported in the corresponding period of 2018. Data collected from the apex bank official website revealed that diaspora remittances into the nation’s economy continued […]
Stanbic IBTC Holdings Plc has listed additional 232,899,013 ordinary shares of 50 kobo each on the Daily Official List of the Nigerian Stock Exchange. The NSE said in a statement on Friday that the additional 232,899,013 ordinary shares of 50 kobo each resulted from the scrip dividend offered to eligible shareholders of Stanbic IBTC, who […]
The Federal Government on Monday announced that the number of unregistered SIM cards in the country had dropped from 9.2 million to 2.4 million, just four days after it ordered the blocking of the defaulting mobile telephone lines. Minister of Communications, Dr Isah Ibrahim, gave the update on the status of the unregistered SIM cards […]
The Group Managing Director, Nigerian National Petroleum Corporation, Mallam Mele Kyari, says the corporation has agreed to a $2.5bn financing with a Chinese lender for pipeline project in Nigeria. The NNPC boss who stated this in an interview with Bloomberg TV, said it was a pipeline contractor project that would deliver 3, 600 megawatts of […]
Ondo State Commissioner of Police, Undie Adie has ordered a full-scale investigation into the alleged stabbing of nine persons by a policeman, Taiwo Orisadare at a night club in Akure. A statement by the command’s spokesman, Femi Joseph, a Superintendent of Police(SP), said the investigation became imperative because of the distortion of facts The command […]
The premises of the Iyaganku Magistrates’ Court, Ibadan, the seat of the Governorship Election Petition Tribunal, was jam- packed with heavy security personnel manning all the two major gates leading into the venue of the tribunal. Many lawyers in their flowing gowns and wings have seated in the Tribunal room as at 9am awaiting the […]
The Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, Monday said that the corporation is negotiating to secure $2.5billion gas pipeline financing arrangement with China. The information is contained in an online interview that Kyari had with Bloomberg. He said that if the agreement sails through, NNPC is to supply […]
Special envoys sent by South Africa President, Cyril Ramaphosa to President Muhammadu Buhari have arrived Abuja. The envoys, led by the Acting South African High Commissioner to Nigeria, Mr. Bobby Monroe, arrived at the Villa at 2.15pm to meet with the president. The meetings are part of efforts to end the xenophobic attacks on Nigerians. Details […]
Dana Air’s drive for strategic route expansion received a boost at the weekend as the carrier acquired a Boeing 737 aircraft. It is the first time the airline was acquiring a Boeing 737 aircraft it its 11 years of operations where it has flown over 4.5 million passengers. The Managing Director / Chief Executive officer […]