Latest Nigeria Business News
Bayelsa State especially Yenagoa, the capital city, is on lock down following the ongoing primaries of the Peoples Democratic Party (PDP) ahead of the November 16 governorship election. Strategic areas and high traffic points at the capital city had been cordoned off by armed and stern-looking security operatives. Security operatives blocked access to three public […]
The Akwa Ibom State Police Command has arrested one Idorenyin Essien, who allegedly doused his son with kerosene and burnt him to death. The News Agency of Nigeria (NAN) reports that incident happened at Afia Nsit community in the Eket Local Government Area of Akwa Ibom. The spokesman of the command, DSP. Mac-Don Achibe, confirmed […]
President Muhammadu Buhari has noted with deep concern, reported attacks on Nigerian citizens and property in South Africa since August 29, 2019. Consequently, the President has instructed the Minister of Foreign Affairs, Geoffrey Onyeama, to summon the South African High Commissioner to Nigeria and get a brief on the situation. He expressed Nigeria’s displeasure over […]
NINE of the nation’s deposit money banks boosted their loan books in the first half of 2019 as credit to customers rose by at least N952bn to N8.59tn. An analysis of the audited financial statements of the 13 DMBs listed on the Nigerian Stock Exchange showed that seven of them had a loan-to-deposit ratio of […]
The Assistant General Manager (AGM), Corporate and Strategic Communications, Nigerian Ports Authority (NPA), Ibrahim Nasiru, at the weekend, debunked claims by some retirees of the authority over the non-payment of their severance packages. Nasiru explained that the May 2008 rationalisation was based on the Public Service Reform guidelines. He recalled that the NPA began the […]
The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends. SEC said this is part of its investor protection programme and as well as ensure that shareholders get the benefits of investing in the capital market. According to the Acting DG, Ms. Mary Uduk, gradually, the Commission […]
SIFAX Group has unveiled a five-year strategic growth plan that will generate a 300 per cent increase in its turnover. Its Group Managing Director, Mr. Adekunle Oyinloye, made this known at the firm’s mid-year report presentation in Lagos. He said: “As a proactive company, SIFAX Group is already preparing for the future. We have an […]
NIGERIA’s N8.91 trillion ($29billion) came under severe threat as oil prices dipped on Monday after new tariffs imposed by the United States (U.S) and China came into force. This raised concerns about a further hit to global growth and demand for crude. Brent crude slipped 16 cents to $59.09 a barrel while U.S. benchmark WTI […]
THE Lagos State Government has paid N4.25 billion accrued pension rights to 1268 retirees in four months. The Commissioner, Establishment, Training & Pensions, Mrs. Ajibola Ponnle made this known at the Lagos State Pension Commission (LASPEC) 66th retirement benefit bond certificate presentation ceremony held in Lagos. She stated that whilst N2.75 billion was paid to […]
ALL the Chief Operating Officer (COO) of the Nigerian National Petroleum Corporation (NNPC) have signed bonds to commit their directorate to their Key Priority Areas (KPAs). The bond is based on the desire of the the Group Managing Director of NNPC, Mele Kyari, to deliver on his mandate He has urged members of his management […]