Latest Nigeria Business News
The CBN, on Tuesday, issued the ‘Regulations on Electronic Payments and Collections for Public and Private Sectors in Nigeria’, which it described as a revision of the Guidelines on Electronic Payment of Salaries, Pensions, Suppliers and Taxes in Nigeria (2014). It said the regulations were intended to guide the end-to-end electronic payment of salaries, pensions […]
The Federal Government plans to spend about N9.78tn in the 2020 fiscal period, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. She gave the projection on Tuesday in Abuja while unveiling the draft 2020-2022 Medium Term Fiscal Framework and Fiscal Strategy Paper. The proposed 2020 budget of N9.7tn, when compared to […]
Investors in the nation’s stock market have embarked on a selling spree as the market lost N263bn in five consecutive days. Higher sell pressures were seen in market bellwether stocks such as Nestlé Nigeria Plc, Cement Company of Northern Nigeria Plc and Dangote Cement Plc. Nestlé investors had embarked on a selling spree since Monday […]
Zenith Bank Plc has issued a tender offer to holders of its $500m notes due 2022 to tender them for repurchase. The bank said in a statement that the notes were subject to offer and distribution restrictions and would be exchanged for cash. The statement read in part, “The bank is offering to repurchase these […]
Unity Bank Plc has struck a partnership with Binkabi, a blockchain-based commodity trading network, to improve lending to the agriculture sector in the country. The Head, Risk Management and Compliance, Unity Bank, Mr Usman Abdulqadir, said the collaboration would also help to provide end-to-end solutions for farmers and the entire agribusiness value chain. Abdulqadir, who […]
Kaduna State Governor Nasir Ahmad El-Rufai on Monday hailed the affirmation of his re-election by the Governorship Election Petition Tribunal. A statement by the Special Adviser, Media & Communication, Muyiwa Adekeye, quoted the governor as thanking the tribunal for its verdict and expressing his gratitude to the people whose electoral choice has been reaffirmed. The […]
Business activities have resumed at various firms owned by South African nationals in Lagos. Our correspondents who went to Lekki, Surulere, Mushin, Agege, Ogba, Ikeja, among others, observed that many of the outlets opened for business. At the Shoprite centre in Lekki, business went on as it did before the reprisal attacks following the xenophobic […]
Benue State pensioners on Monday booed House of Assembly Speaker Titus Uba when he met them at the entrance of the Government House in Makurdi. On Monday marked the sixth day the pensioners have been sleeping at the entrance of the Government House. The Speaker angered the pensioners when he said Governor Samuel Ortom, during […]
SENATOR Dino Melaye, representing Kogi West on the platform of the Peoples Democratic Party (PDP), has appealed the August 23 judgment of the Kogi State National and State Houses of Assembly Election Tribunal, which voided his election. The candidate of the All Progressives Congress (APC) in the election, Senator Smart Adeyemi, had petitioned the tribunal, […]
ALL Progressives Congress (APC) National Chairman Comrade Adams Oshiomhole has said the inability of the party to solve its internal wrangling and the refusal of the various interest groups in Rivers State to back down on their demands caused the party’s loss in the last general elections. Speaking while inaugurating a caretaker committee for the […]