Latest Nigeria Business News
A total of 55,820 relatives of deceased workers under the Contributory Pension Scheme have been paid pension and insurance benefits since the commencement of the CPS till March 2019. Figures obtained by our correspondent from the National Pension Commission revealed that the deceased workers were from the private and public sectors. According to the figures, […]
Conoil Plc has grown its annual profit before tax to N2.6bn in the 2018 financial year from the N2.3bn recorded in 2017. The Chairman, Conoil, Dr Mike Adenuga, while speaking at the company’s 49th Annual General Meeting in Uyo on Friday, said the board of directors proposed a dividend of N2 per share, which amounted […]
The Nigerian National Petroleum Corporation has awarded its 2019/2020 contracts for the exchange of crude oil for imported petroleum products to 15 consortiums/companies, including Casiva Limited, whose Chairman, Alhaji Nasiru Danu, was the Director of Logistics for the Buhari Campaign Organisation. A total of 15 groupings, with 36 companies in total, will participate in the […]
The Governor of Ekiti State, Mr Kayode Fayemi, has encouraged investors to invest in the state and its assets to enable the expansion of its social investment programmes to create jobs for youths. Fayemi, while speaking at the Facts Behind the State Economy at the Nigerian Stock Exchange on Friday, said the state had cleared […]
The National Health Insurance Scheme has formally accredited the Health Maintenance Organisation of the Nigerian National Petroleum Corporation, thereby enabling the oil firm to provide healthcare services to Nigerians. According to the oil firm, the accreditation granted NNPC the authority to establish and operate a functional HMO, adding that this was a forerunner to the […]
Investors in the nation’s equity market lost a total of N186bn in the three trading days witnessed last week. It was a brief trading week as the market opened for three days in observance of the public holidays (Monday and Tuesday) declared by the Federal Government to mark the Eid-El-Kabir. The equity market extended its […]
VICE-President Prof Yemi Osinbajo has said the Federal Government will provide micro-lending to about 2.5 million small trades and businesses to the lowest income earners through the Government Enterprise and Empowerment Programme (GEEP). Osinbajo stated this at the weekend in Lagos during the Inclusive Business Policy Development Programme with the theme: African Policy Road Show: […]
Bayelsa State Governor, Seriake Dickson, Thursday said his administration had completed the payment of N104bn bond it inherited from his predecessor, Chief Timipre Sylva. Dickson spoke through his Commissioner for Finance; Mr. Maxwell Ebibai spoke during the state’s monthly transparency briefing for June and July, 2019 in Yenagoa. Ebibai explained that the state government painstakingly […]
The United States (US) has described as baseless the allegation raised by the Islamic Movement of Nigeria (IMN) that it colluded with the federal government to disrupt the treatment of their leader in India. IMN leader Ibrahim El-Zakzaky travelled to India to receive medical care as ordered by a Kaduna High Court. But he has […]
Lagos-based political activist, Chief Adesunbo Onitiri has advised the Federal Government to release Mr. Omoyele Sowore from detention in the interest of peace, democracy, and his constitutional right. According to a statement, Onitiri said the detention was unnecessary, undemocratic and unpopular, and could not stand the test of time and law. “I wish on behalf […]