Latest Nigeria Business News
THE African Development Bank (AfDB) said it has okayed a whopping $25 billion to make agriculture and agribusiness Africa’s biggest industry. Its Communication and External Relations Department, said the AfDB President, Dr. Akinwumi Adesina, spoke at the ongoing Tokyo International Conference of African Development (TICAD) in Japan. Adesina said the reason was not far-fetched and […]
The Nigerian Ports Authority (NPA) Delta Ports, says it generated over $45.2 million within January and June 2019, a significant increase attributed to the improved security in the area. This was disclosed at a stakeholders forum presided over by chairman of the NPA board of directors, Mr. Emmanuel Adesoye, at the New Port, Warri in Delta state. […]
The Federal Government has alleged that the leader of the Islamic Movement of Nigeria, Sheik Ibrahim El-Zakzaky, has the sole aim of turning Nigeria into an Islamic state. The government also said the cleric had the full support of Iran to achieve this aim. The government made these claims in a counter-affidavit it filed against […]
Justice Nkeonye Maha of the Federal High Court in Abuja, on Wednesday, refused to hear an application filed by the convener of #RevolutionNow protest, Mr Omoyele Sowore, who is being held by the Department of State Services, for allegedly plotting a coup against President Muhammadu Buhari. Sowore, who has been in the DSS custody since […]
The Economic and Financial Crimes Commission has detained two senior officials of the Niger Delta Power Holding Company in connection with the ongoing investigation into alleged billions of dollars spent on power sector in the country. It was gathered that the NDPHC Head of Finance, Mr Marvel Emefiele, and Head of Compensation, Mr Eze Odigbo, […]
The Independent Corrupt Practices and other related offences Commission has said it has freed 14 females locked in a room during a raid on an Abuja house allegedly owned by the National Coordinator, Federal Civil Service Staff with Disabilities Multipurpose Cooperative Society, Alhaji Iliasu Abdul-Rauf. In a statement, spokeswoman for the commission, Rasheedat Okoduwa, said […]
Nigeria’s leading financial institution, Zenith Bank Plc, has introduced the Zenith Children’s Account (ZECA) Education Loan to assist parents pay their children/ wards school fees as the new school session begins. The loan offering, which is disbursed directly to the account of the beneficiary’s school, comes at a very competitive interest rate and flexible repayment […]
MTN Nigeria is set to unveil its new subsidiary, Y’ello Digital Financial Service Limited and mobile money services today. The telco registered the new subsidiary with the Corporate Affairs Commission in 2018 and obtained a super-agent licence from the Central Bank of Nigeria in July. It was gathered that the super-agent licence would enable the […]
Total Exploration and Production Nigeria Limited has said it has significantly invested in the development of infrastructure in the oil and gas industry to enable it to boost domestic gas supply by 300 million standard cubic feet. Nigeria is home to the largest natural gas reserves in Africa and the ninth largest in the world […]
Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the rising debts owed by the Federal Government and states in the country. The MPC members voiced their concerns at the last MPC meeting in their personal statements, which were obtained by our correspondent from the CBN. “The […]