Latest Nigeria Business News
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, […]
The Federal Government said on Friday that it was taking steps to stop the enforcement of a judgment of the United Kingdom, Business & Property Courts (the Commercial Court) which awarded a cumulative sum of $9bn award against Nigeria and in favour of a foreign firm, Process & Industrial Developments Limited. The Solicitor-General of the […]
The Nigeria Customs Service has given back 80 per cent of the licences of clearing agents seized on suspicion of fraud and impersonation. The National President, Association of Nigeria Licensed Customs Agents, Tony Nwabunike, made this known recently. In June, 300 licenses belonging to members of the ANLCA, including that of Nwabunike, were suspended by […]
The Department of Petroleum Resources Eket Field Office in Akwa Ibom says it has uncovered seven illegal filling stations in the state, the News Agency of Nigeria has reported. The Operations Controller of DPR in the state, Tamunoiminabo Kingsley-Sundaye, said this at the end of the organisation’s routine surveillance in Uyo on Friday, Kingsley-Sundaye said […]
The nation’s inflation rate dropped from 11.22 per cent in June to 11.08 per cent in July, the National Bureau of Statistics has said. The NBS said this in its Consumer Price Index report, which was released in Abuja on Friday. The index measures inflation in the country. Nigeria had also recorded a drop in […]