Latest Nigeria Business News
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 […]
WITH a promise that the Ninth Senate will work for the nation’s progress, Senate President Ahmad Lawan yesterday cautioned Nigerians against compromising unity. He described the constitution of relevant parliamentary committees as a demonstration of National Assembly’s preparedness to work for the nation’s progress. The Senate President stressed the importance of unity to national development […]
Northern youths under the auspices of United Northern Youth and Students (UNYS) have endorsed former Lagos State governor and chieftain of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, for Presidency in 2023. The group also condemned the call by Kaduna State Governor Nasir el-Rufai for the abolition of power rotation in the country. […]
THe Federal High Court Abuja will, on Monday, deliver its ruling in a suit seeking to stop President Muhammadu Buhari from inaugurating the 43 ministerial nominees over the exclusion of an FCT indigene from his cabinet list. The applicant, Mr Musa Baba-Panya, who is also the counsel in the case, yesterday approached the court with […]
The Nigerian Stock Exchange has ended this week’s trading activities with the exchange’s benchmark index closing at 0.47%. The All Share Index fell from 27,052.93 basis points by 0.47 percent or 127.64 basis points to close on Friday at 26,925.29 basis points, living the 27 thousand Mark. In the same vein, Market Capitalisation fell from […]
The Nigerian Maritime Administration and Safety Agency has rescued seafarers who were stranded on board a 7,541 convention board mooring tanker after the ship caught fire off the Nigerian coast. The incident involving the vessel, Sea Voyager, occurred at the Lagos anchorage on Thursday, according to NIMASA. The Regional Maritime Rescue Coordination Centre at Kirikiri, […]