Latest Nigeria Business News
The Kano state Government has spent over N300m within two months of the second term administration of Governor Abdullahi Umar Ganduje to boost water supply in the state. The new Managing director of Kano state Water Board, Engr. Garba Ahmed Kofar Wambai who revealed this to journalists said the Board is also targeting N300 million […]
Taiwo Taiwo, on July 5, giving the lawmaker or anyone who might have owned the seized assets 30 days to convince the court why they should not be permanently forfeited to the Nigerian government. In a motion on notice by Counsel to the senator, Mr Robbert Clarke, SAN, filed on July 11 and brought to […]
Deposit money banks (DMBs) in the country are largely responsible for the huge portfolio of over N1.79trillion non-performing loans, the Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru has said. He spoke at the maiden edition of the National Credit Managers Conference organised by the Institute of Credit Administration (ICA) in […]
The Nigerian Association of Small and Medium Enterprises has urged the Central Bank of Nigeria (CBN) to release funds to Small and Medium Enterprises (SMEs) to enable them overcome the harsh business environment in the country. Speaking with The Nation at the monthly programme of the Business Club Ikeja (BCI), Nigeria Association of Small and Medium Enterprises […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has entered into a partnership with the German Agribusiness Alliance (GAA) to establish agricultural industrial projects. The aim of the partnership is to create a platform where economic ideas are exchanged to boost the successes recorded in agriculture and agribusiness. Receiving the German delegates in […]
Nigeria improved its ranking by a notch and emerged as the third-biggest oil supplier to India in July, replacing Venezuela, which slipped to number four. India imported about 4.6 million barrels per day of oil in July, a growth of about 1.5 per cent from a year earlier, according to data from shipping and industry […]
The Nigerian National Petroleum Corporation on Sunday said it recorded 77 per cent rise in oil pipeline vandalism across the country in June 2019. It disclosed this in its Monthly Financial and Operations Report for the month, adding that 106 pipeline points were breached, which increased from the 60 points vandalised in May 2019. The […]
Access Bank has restated its commitment to drive financial inclusion through growing agency network. During a forum to avail the bank’s agents of the inauguration of its new logo and application, the Head of Agency Banking, Access Bank, Micheal Ogbaa, said the bank saw the need to celebrate the agents that were working with it […]
Total transactions by foreign portfolio investors in the stock market have declined by 36.53 per cent, about N305.3 billion, as foreign portfolio outflows continued to outpace inflows. Total transactions at the stock market also dropped by 31.2 per cent, equivalent to N542 billion. Official report on foreign and domestic portfolio transactions in the past seven […]
Shareholders of NSIA Insurance have approved a dividend payment of 1.45k per share for the 2018 financial year. The underwriting firm’s Total Revenue from operations increased by 27 per cent from N5.46 billion in 2017 to N6.91 billion in 2018 while Total Assets for the year ended 2018 increased by 15 per cent to N17.92 […]