Latest Nigeria Business News
The Nigerian National Petroleum Corporation on Wednesday said it recorded a total of 45,347 pipeline breaks on its downstream pipeline network between 2001 and half year 2019. The NNPC’s Group Managing Director, Mele Kyari, stated that in 2018 alone, a total of 19 fire incidents were recorded on the petroleum products’ pipelines. He said it […]
The World Bank and the Exim Bank of China are Nigeria’s largest creditors with a combined portfolio of $11.46bn, data obtained from the Debt Management Office have shown. While the World Bank is a multilateral lender, the Exim Bank of China is a bilateral lender, implementing orders from the government of China especially in financing […]
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Federal Government in the coming weeks will set up Donor Coordination Unit to chart a roadmap for setting up a multi-donor trust fund. The fund would ensure best value for all donor assisted activities in the country. She said the DCU […]
The governorship primary election ended abruptly in the early hours of Wednesday when gunmen invaded the venue of the election, Lokoja Confluence Stadium. A correspondent of the News Agency of Nigeria (NAN) reported that voting had ended and sorting of votes were going on when the gunmen came to the venue at about 1:45a.m. and […]
The Chief of Army Staff (COAS) Lt Gen. Tukur Buratai has declared that the recent killings of three police detectives in Ibi, Taraba state by soldiers attached to the 93 Battalion would never happen again as decisive actions would be taken against all the actors in the matter. The COAS, who gave the assurance while […]
The Supreme Court on Tuesday upheld the removal of a member of the Ondo State House of Assembly, representing Okitipupa constituency 11, Mr. Sina Akinwumi. The apex court, therefore, upheld the judgment of the Court of Appeal sitting in Akure that set aside the election of the All Progressives Congress (APC) lawmaker. The Supreme Court […]
The Yobe State Election Petitions Tribunal, sitting in Abuja has upheld the election of Ibrahim Bomoi of the All Progressives Congress (APC) as Senator for Yobe South Senatorial district. A three-man panel of the tribunal, held in a judgment on Wednesday, that the petitioners, Senator Mohammed Hassan and is party, the Peoples Democratic Party ( […]
Towards checking xenophobic attacks on Nigerians in South Africa, President Muhammadu Buhari, Vice President Yemi Osinbajo and Minister of Foreign Affairs Minister, Geoffrey Onyeama, on Wednesday met at the Presidential Villa, Abuja. They met at the President’s office on quick possible steps to halt the killings and destruction of properties of Nigerians. President Buhari had […]
The President and Chairman of Council, Chartered Institute of Bankers of Nigeria, Dr. Uche Olowu, has said the failure of perpetual borrowers to repay bank loans is hurting the nation’s economy. Olowu, who lauded the recent increase of banks’ minimum loan-to-deposit ratio by the Central Bank of Nigeria, said adequate credit should be given to […]
The Federal Government on Tuesday expressed confidence that the decision of a United Kingdom court which recently asked an Irish firm, Process and Industrial Developments Limited, to seize $9.6bn in Nigerian assets would be upturned. It insisted that the judgment which it described as dubious would not stand the tests of morality and law. The […]