Latest Nigeria Business News
THE Independent National Electoral Commission (INEC) has told the Governorship Election Petition Tribunal sitting in Makurdi, the Benue State capital, that “due to logistical challenges”, it would not be unable to open defence. The electoral body was due to open defence today in a petition filed by Emmanuel Jime of All Progressives Congress (APC) challenging […]
KANO State Governorship Election Petition tribunal sitting at Miller Road on Thursday warned parties in the petition filed by the People’s Democratic Party (PDP) challenging the election of Abdullahi Umar Ganduje of the All Progressive Congress (APC) that it will not entertain unnecessary adjournments. Justice Halima Shamaki said proceedings in the matter are expected to […]
A Federal High Court in Abuja has ordered parties in the suit challenging the planned adoption of the indirect primary mode by the Kogi State All Progressives Congress (APC), not to take any steps that could affect the subject of the case pending its final determination. Justice Taiwo Taiwo gave the order on Friday while […]
The Taraba state governorship tribunal on Friday granted the prayer of All Progressive Congress (APC), seeking to be re-listed in the governorship petition that had earlier been dismissed. The Tribunal sitting in at the FCT High Court, Apo had on July 10, dismissed the petition filed by Abubakar Danladi of the APC, challenging the re-election […]
THE Nigeria Extractive Industries Transparency Initiative (NEITI) says its constant engagement with the Nigerian National Petroleum Corporation (NNPC) on its operations was based on its mandate to promote corporate ethics, transparency and accountability in the oil and gas industry. Its Executive Secretary, Waziri Adio made the clarification in Abuja while on a courtesy visit to […]
EDUCATION, health, agriculture and other sectors are beneficiaries of the more than $11 billion net commitment to Nigeria by the World Bank over the years. World Bank Group’s Country Director Rachid Benmessaoud announced the figure on Thursday in Abuja at the maiden edition of the Nigeria Portfolio Performance Award. Organised in partnership with the Ministry […]
MTN Group on Thursday, said it posted an encouraging set of results for the six months ended 30 June 2019 in the context of difficult trading conditions across its major markets. Its President and CEO, Rob Shuter, said commercially, the telco had strong subscriber growth of 7.7 million in the first six months of the […]
The mutual funds market has seen an increased appetite from investors as the total investment in mutual funds rise by N172bn in seven months. Data obtained from the Securities and Exchange Commission on Wednesday showed the value of mutual funds increased from N621.6bn on December 28 to N793.7bn on July 26. Mutual funds are professionally-managed […]
Investors in the nation’s stock market recorded a slight gain of N7bn on Thursday as the market capitalisation of equities increased to N13.365tn from N13.358tn recorded on Wednesday. The market closed the trading session on a positive note as the All Share Index marginally rose by 0.05 per cent to settle at 27,424.92 basis points, […]
The African Development Bank has met a private sector consortium from China in a bid to attract investment through partnerships in the development of Special Agro-Industrial Processing Zones across Africa. A statement from the ADB on Thursday further disclosed that officials of the bank, led by Prof. Banji Oyelaran-Oyeyinka, the Senior Special Adviser on Industrialisation […]