Latest Nigeria Business News
The Comptroller General (CG) of the Nigeria Immigration Service (NIS), Muhammad Babandede, has said the enhanced e-passport is acceptable and valid for entering all countries. He gave the reassurance in a statement by NIS Public Relations Officer, Mr Sunday James, in Abuja on Thursday. The CG’s reassurance is coming against the backdrop of the recent […]
The Peoples Democratic Party in Kogi State has congratulated the winner of its Tuesday governorship primary, Engr. Musa Wada, saying that its victory at the November 16 election is sure. According to the party’s spokesman in the state, Bode Ogunmola, the party battled against all odds to meet the deadline for the submission of names […]
The National Assembly Election Petition Tribunal sitting in Calabar, on Wednesday, nullified the election of Mr Alex Egbonna of the All Progressive Congress (APC) representing Abi/Yakurr Federal Constituency of Cross River. The Tribunal upheld the petition filed by Mr John- Gaul Lebo, who contested for the seat under the platform of the Peoples Democratic Party […]
Plans are underway to make Ebonyi State hub of solid minerals in the country, to accelerate economic development. The State commissioner for solid minerals development, Jona Egba disclosed this while inaugurating the committee on Blue Print on solid minerals in Abakaliki, the Ebonyi State capital. He said apart from agriculture, bringing together a team of […]
Nineteen of the nation’s 27 power plants have seen their output reduced by about 3,118 megawatts as a result of transmission line constraints and low demand by electricity distribution companies. The power stations were forced to either shut down some of their units or reduce their generation, worsening the blackout being experienced by millions of […]
The Otakikpo Joint Venture has entered into partnership with John Hopkins Centre for Communications Programmes to implement a N143.96m community connect programme for host communities where the JV operates. In his remarks at a meeting in Abuja, the Chairman of Green Energy International Limited, Prof. Anthony Adegbulugbe, stated that the objective of the community connect […]
Access Bank Plc and the Lagos State Employment Trust Fund have launched an initiative that will enable women entrepreneurs in the state to access a N10bn loan facility. The LSETF W Initiative, which is aimed at empowering women economically in the state, is targeted at women-owned businesses (with at least 50 per cent ownership share) […]
The Nigerian Stock Exchange market capitalisation on Wednesday shed N130 billion in about six hours of trading. Specifically, the market capitalisation which opened at N13.420 trillion lost N130 billion or 0.97 per cent to close at N13.290 trillion. In the same vein, the All-Share Index dipped 267.15 points or 0.97 per cent to 27,319.64 compared […]
The Nigerian National Petroleum Corporation on Thursday said it had enough stock of aviation fuel to meet the needs of airline operators and other consumers of the product. NNPC’s spokesperson, Ndu Ughamadu, stated that the assurance became necessary to douse rumours in certain quarters that there was a shortage of aviation fuel across the country. […]
The Central Bank of Nigeria plans to sell N1tn worth of Treasury bills in the fourth quarter of the year across three instruments. The CBN, in its issue programme for the fourth programme released on Wednesday, said it would offer 91-day bills worth N90.62bn; 182-day bills worth N90.18bn and 364-day bills worth N821.84bn from September […]