Latest Nigeria Business News
The Federal Government has demanded the repayment of N614bn it offered to 35 states under the National Budget Support Loan Facility. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who disclosed this on Thursday, said each of the states would return N17.5bn. Ahmed spoke with State House Correspondents after a meeting of […]
About 3,891 firms and other debtors have taken individual loans above N1bn, totalling N13.19tn of loans in the banking sector. Latest figure by the National Bureau of Statistics revealed that the total loans in the banking sector stood at N15.35tn as of the end of March. In its latest breakdown of loan figures in the […]
Four customers of Fidelity Bank in Sokoto State have won mouth-watering cash rewards for their loyalty to the bank in the ongoing Fidelity Reward Savings Account promo. The trio of Bashar Maccido, Gummi Ibrahim and Muriba Global Ventures Limited were rewarded with N500,000 each, while Ikeuno Gloria Nkemjika, won N150,000 in the Children Sweeter Account […]
The Nigeria Extractive Industries Transparency Initiative on Thursday announced that the Nigerian National Petroleum Corporation under-remitted N77.92bn to the Federation Account from domestic crude allocation in 2017. It disclosed this in its latest report on Nigeria’s share in the sale of crude oil an gas produced in 2017. Key findings in the report showed that […]
THE Federal Government has approved N600billion to be injected into the nation’s electricity market, Transmission Company of Nigeria (TCN), said on Wednesday. Speaking with reporters at the Market Operator’s (MO) Participants/Key Stakeholders 2019 Third Quarter Interactive Forum in Abuja, its MO, Edmund Eje, said the fund would be disbursed soon. According to him, the intervention […]
PRESIDENT Muhammadu Buhari has approved the re-appointment of Mr Femi Adesina as his Special Adviser (SA) on Media and Publicity and Malam Garba Shehu as the Senior Special Assistant (SSA) on Media and Publicity. A statement by the Deputy Director (Information), Abiodun Oladunjoye, said the President also re-appointed Mr Laolu Akande as Senior Special Assistant […]
The Federal Road Safety Corps (FRSC) in Kebbi, says it has returned N443,180 to relatives of victims of two road traffic crashes in the state. Mr Abayomi Asaniyan,the Sector Commander of the corps in the state, made this known to the News Agency of Nigeria (NAN) in Birnin Kebbi on Thursday. He said the command […]
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 Ilorin zonal office of the commission over the case include the Chairperson of Kwara Scholarship Board, Hajia Fatimoh Yusuf, Executive Secretary of the board, […]
The member representing Denge/Shuni State Constituency at the Sokoto House of Assembly, Aminu Magaji Bodai, has been kidnapped. A close relation of the lawmaker said that he was kidnapped by hoodlums around 1:15am between Dange and Bodai town on Thursday. “I can confirm to you that my brother was kidnapped by yet-to-be-identified persons. “His whereabouts […]
The Board of Directors of Red Star Express Plc has submitted application to capital market regulators seeking to raise about N1.33 billion in new equity funds from existing shareholders. Red Star Express plans to offer 294.75 million ordinary shares of 50 kobo each through a rights issue to existing shareholders at N4.50 per share. The […]