Latest Nigeria Business News
The Economic and Financial Crimes Commission (EFCC) on Thursday quizzed some management staff of the Kwara State Scholarship Board over alleged N150 million bursary fraud. Those interrogated by the operatives of the commission’s Ilorin Zonal Office include the board’s chairperson, Hajia Fatimoh Yusuf, Executive Secretary Fatai Lamidi and Accountant, Stephen Ajewole, among others. As at […]
The Federation Accounts Allocation Committee (FAAC) on Thursday shared N769.523 billion to the three tiers of government as July allocation. The N769.523 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory revenue. The committee announced that as at August 22, the balance in the Excess Crude Account was $274.407 million. The gross […]
Unity Bank has held the maiden edition of SME Clinic in conjunction with Signal Alliance and Businessday. The event was part of a collaborative initiative to consistently promote Small & Medium Enterprises (SMEs) in the country. The SME clinic was designed to boost SMEs operators in leveraging effective branding and marketing strategy expected to play […]
President Muhammadu Buhari has confirmed the reappointment of Mr. Afolabi Imoukhuede as the Senior Special Assistant (SSA) to the President on Job Creation. The reappointment is with immediate effect. A letter by the Secretary to the Government of the Federation (SGF), Boss Mustapha, said Imoukhuede will continue to oversee the implementation and expansion of the […]
Ekiti State Commissioner for Infrastructure, Bamidele Faparusi, said on Thursday that the state government and the Benin Electricity Distribution Company had signed a pact to enhance power distribution to the state with a view to encouraging investment drive in the state. Faparusi, who said the pact was the highlight of his visit on Wednesday to […]
The Minister of Labour and Employment, Dr Chris Ngige, on Thursday said that lack of aggressive implementation of the 2019 budget meant that 60 per cent of the budget had to be rolled into the 2020 budget. The minister said this at his inaugural meeting with representatives of various departments and agencies of the ministry […]
The Compliance Institute, Nigeria (CIN) has advised banks in the country against doing business with countries like North Korea and Iran that have been placed on economic sanctions by the U.S. The President of CIN, Mr Pattison Boleigha gave the advice on Thursday in Abuja at a Workshop on Sanctions and Counter Proliferation Compliance, jointly organised by […]
Guinness Nigeria says it has taken its Water of Life project to Angwan Albarka community in Nasarawa State as part of its commitment towards achieving the 2030 United Nations clean water and sanitation goal. The firm stated that a mini-water project recently donated under the Diageo Africa Water of Life Programme would provide succour to […]
The Nigerian Stock Exchange has delisted the shares of defunct Skye Bank Plc and Fortis Microfinance Bank Plc from the daily official list of the Exchange. The NSE issued a statement on Wednesday, notifying dealing members of the delisting of the two banks. The statement read in part, “Pursuant to Clause 15 of the General […]
The Lagos State Government through the State Pension Commission plans to pay N1.5bn accrued pension rights to its retirees under the Contributory Pension Scheme on Friday (today). A statement from LASPEC said the accrued pension rights, being the entitlements of the retirees under the discontinued ‘Pay-as-you-go pension scheme’ would be remitted into the Retirement Savings […]