Latest Nigeria Business News
The Nigerian Content Development and Monitoring Board has inaugurated a Community Interface Committee for the Nigerian Oil and Gas Park Scheme located in the Ogbia Local Government Area of Bayelsa State. The committee, according to a statement, was set up to enhance the interface between the communities, the contractors and the NCDMB. It said the […]
The Nigerian stock market on Wednesday dropped to a two-year low level as the All Share Index of stocks declined by 0.82 per cent. The ASI closed at 27,083.11 basis points, a level last seen in May 2017. The market saw its ASI close at bps on May 5, 2015. After resumption from the two-day […]
African Development Bank says it has received $20m investment from the Clean Technology Fund for the Facility for Energy Inclusion. The bank, in a statement on Wednesday, said the Facility for Energy Inclusion was sponsored by the AfDB to provide sustainable financing for small-scale renewables in Africa The bank said, “FEI is a $500m financing […]
Oil prices fell on Wednesday on weak global economic data and a rise in the US crude inventories, almost erasing the previous session’s strong gains which followed the United States’ move to delay tariffs on some Chinese products Brent crude was down $1.81, or three per cent, at $59.49 a barrel at 1323 GMT, after […]
Herdsmen in Agbala, Owerri North Local Government Area of Imo State, on Tuesday fought over missing cows, with many sustaining injuries. Two of the herdsmen were fatally injured and rushed to the emergency unit of the Federal Medical Centre in Owerri by villagers. According to an eyewitness, the situation would have led to an attack […]
The Ogun State Police Command on Tuesday confirmed the killing of three persons in Isheri Olofin community in the Kara area of Ogun State. They were reportedly killed by soldiers. Others reportedly sustained injuries in the incident that occurred on Monday night. It was during the celebration of the yearly ‘Isheri Day’ festival. According to […]
Bayelsa State Governor Seriake Dickson will today swear in the local government chairmen. A statement on Tuesday by his Special Adviser on Public Affairs, Daniel Alabrah, said the chairmen would be sworn in with their vice chairmen. The ceremony will hold in the Exco Chambers of the Government House in Yenagoa at noon, with guests […]
President Muhammadu Buhari has joined members of the All Progressives Congress (APC) in felicitating with frontline politician and philanthropist, Sen. Anthony Adefuye, on his 75th birthday. He appreciated his deep sense of patriotism, dedication to the party and ideals of democracy. President Buhari, in a statement by the Special Adviser on Media and publicity, Chief […]
A bus conductor, Qudri Mustapha, who allegedly punched a policeman in the mouth on Wednesday appeared in an Ikeja Magistrates’ Court. Mustapha, 25, who resides in Jakande area of Lagos, is charged with breach of peace and assault, to which he pleaded not guilty. The Prosecution Counsel, Sgt. Ishola Samuel, told the court that Mustapha […]
Oil prices rallied on Tuesday following reports that the U.S has decided to delay the next round of tariffs that were to be imposed on Chinese goods. The delay gives hope to a skittish market that the trade war really won’t go on forever. For WTI prices climbed 4.30 per cent to trade at $57.29. […]