Latest Nigeria Business News
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has assured Nigerians that the ministry will soon become an engine room of the economy. He said it is ready to embark on intense economic diversification from oil to non-oil as well as job creation for teeming Nigerian youths. Adebayo said President Muhammadu Buhari had […]
The Edo Publicity Secretary of the All Progress Congress (APC), Pastor Joseph Osagiede, says the party is ready for reconciliation if initiated by a neutral body. Osagiede, who made the disclosure while briefing journalists at the party’s Secretariat in Benin on Monday, said either the presidency or the Benin traditional council should make such move. […]
The drama over the $24,000 allegedly extorted from a businessman continued on Monday with the suspect, Senator Shehu Sani, refusing to take a lie detector test. Sani said he preferred to swear by the Holy Qur’an than subjecting himself to Polygraph, which can detect if he lied on oath. Also, the Chairman and Chief Executive […]
The police yesterday stepped up security in Abuja, the Federal Capital Territory (FCT), and its environs as protests over the United States’ killing of an influential Iranian General and Head of the Qods Force, Quasam Soleimani, seeped into the country. The Inspector General of Police, Mr. Mohammed Adamu, had on Sunday put all members of […]
Crude oil prices rose over one per cent yesterday, pushing the global benchmark, Brent above $70 per barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike that killed a top Iranian military commander. Also, oil output by the Organisation of Petroleum and Exporting […]
Through the implementation of various public sector financial management reforms, over N700bn had been saved by the Federal Government. In addition to the N700bn savings, about N300bn had been recovered by the anti-graft agencies of government through the collaborative efforts of the Ministry of Finance, Budget and National Planning. The outgoing Permanent Secretary (Special Duties) […]
The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of federal retirees. The arrears accumulated through accrued rights. The Chairman, Senate Committee on Establishment and Public Service, Ibrahim Shekarau, disclosed that the Federal Government currently owed its retirees over N400bn accrued pension rights. A source […]
The Chief Justice of Nigeria, Justice Tanko Muhammad, on Sunday denied links with a former senator representing Kaduna Central, Shehu Sani, who is being investigated by the Economic and Financial Crimes Commission for alleged extortion. The complainant, Alhaji Sani Dauda, who reported Sani to the EFCC had claimed that the former senator demanded N4m from […]
The Presidency on Sunday asked Nigerians not to panic over the withdrawal of 1,200 Chadian troops from the Lake Chad Basin bordering the country. It said the withdrawal was in line with the mandate of the Multi-National Joint Task Force (MNJTF), launched on July 1, 2016 and due to end on December 31, 2019. It […]
Ebonyi State Governor David Umahi has lashed Peoples Democracy Party (PDP) members planning defection to the All Progressives Congress (APC), saying he is “100 per cent APC.” Umahi, who spoke when the people of Ishielu and Onicha Local Government Areas paid him Christmas homage, enjoined such people to stop” jumping from here and there” because […]