Latest Nigeria Business News
Governor of Central Bank of Nigeria, Mr Godwin Emefiele, said on Monday that more items would come under the bank’s policy of restricting official foreign exchange for importation. He also said the forex restriction to importers applied to food items that could be produced in Nigeria and not a total ban on all food items. […]
About four villagers were killed on Monday in fresh banditry attacks in tsayu village of Jibiya Local Government Area of Katsina state A press release which was signed by the Spokesman of Katsina State Police Command, Mr Gezawa, and made available to newsmen, said the DPO Jibiya reported that at about the early hours of […]
Kwara state Governor AbdulRahman AbdulRazaq on Monday locked scores of civil servants outside the main gate of the old secretariat in Ilorin, the state capital for late coming. The governor told the civil servants that late coming to work is unhelpful for government business in the 21st century. Many of the affected workers were still […]
The Bayelsa State chapter of the Peoples Democratic Party (PDP) has warned some governorship aspirants for the September 3 primaries to focus on their campaigns and stop attacking the state Governor, Seriake Dickson. The state Secretary of the party, Godspower Keku, insisted that the 21 aspirants should devote their energy and attention to their electoral […]
The Presidency appears unhappy with the taxes the Federal Inland Revenue Service (FIRS) has collected in the last three years. This is despite the fact that the FIRS generated the largest revenue in the nation’s tax history when it collected N5.3 trillion in taxes in 2018 and is targeting N8 trillion in 2019. The Presidency […]
…Sahara Energy, Duke Oil make list In line with its avowed commitment to transparency and accountability in all its activities as committed by the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, the National Oil Company has announced winners of its 2019/2020 Direct Sale of Crude Oil and Direct […]
Transparency Initiative (NEITI) has pledged to work closely with the Office of the Auditor General of the Federation to promote integrity in data collation, validation and management on revenues from extractive industries. The Executive Secretary of NEITI, Mr. Waziri Adio gave the assurance in Abuja while receiving the Auditor General of the Federation, Mr. Anthony […]
AXA Mansard Insurance Plc has grown its shareholders’ funds in its unaudited financial results for the period ended June 30, 2019 to N18.2 billion up from N16.7 billion as at last December. The underwriting firm’s total assets also increased by 14 per cent to N81.24 billion in the half-year under review from N73.77 billion as […]
FBN General Insurance Limited, a subsidiary of FBNInsurance Limited, paid N902 million as claims last year as against N861 million paid the previous year. Its Chairman, Gbenga Shobo, who spoke at the company’s Annual General Meeting (AGM) in Lagos, said the company’s cardinal focus, among others, remains to pay claims promptly. The company’s Gross Premium […]
WAICA Reinsurance Corporation Plc’s gross premium written rose by four per cent to $58.0m in 2018 from $55.8m in 2017. Its net earned premium rose by seven per cent to $52.6m from $49.2m, the company disclosed this during its sixth annual general meeting in Sierra Leone. Claims incurred by the firm fell by four per […]