Latest Nigeria Business News
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Aba Unit has cried out over the non-availability of petroleum products at the NNPC Depot Osisioma, Aba, which is the only functional depot in the South-east zone. It warned that the entire South-east would experience acute shortage of petrol with its attendant high cost if Aba depot […]
Central Bank of Nigeria’s Governor, Mr. Godwin Emefiele, yesterday explained that the cordial relationship between the central bank and fiscal authorities has not in any way weakened the independence of the Bank. Emefiele, who said this in an interview monitored on AriseTV, also allayed concerns of inflationary pressure, with the recent uptick in the consumer […]
The Chairman, CEO, and founder of Air Peace, Allen Onyema, has been charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme allegedly involving false documents based on the purchase of airplanes. According to a press statement yesterday by the US Department […]
Servicing the nation’s external debt gulped $1.66bn in one year, from July 2018 to June 2019, an analysis of data obtained from the Debt Management Office has shown. Our correspondent reports that within the one-year period, the country’s external debt rose from $21.59bn to $27.16bn. This means that the external indebtedness of the country rose […]
The National Economic Council on Thursday resolved to review the status of the ownership structure of power distribution companies in the country. The NEC meeting was presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja. The review will be done by an ad hoc committee chaired by the Governor of Kaduna State, Nasir […]
President Muhammadu Buhari has warned that under no circumstances should bandits and kidnappers be allowed to hold the country to ransom even as he ordered security forces to be ruthless in dealing with criminal elements. Speaking against the backdrop of latest incidents in Enugu, Zamfara, Adamawa, Katsina and Kaduna States, where bandits and kidnappers ramped […]
The call for the resignation of the National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, again resonated yesterday when a group of protesters stormed the national secretariat to demand his resignation. The protesters under the aegis of APC Patriotic Stakeholders’ Forum said they were forced to embark on the protest in order to […]
President Muhammadu Buhari has accepted and approved the invitation of the Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami to serve as Special Guest of Honour, at the 2019 e-Nigeria Annual Conference. The President conveyed his acceptance and approved the event through a letter. The Conference, which is scheduled to hold […]
In a bid to fulfill its promise to develop local capacity skills among Nigerian youths, the federal government has launched an e-Government Training Centre in Abuja and a brand new 36 seater Hyundai bus as well as a 260 KVA generator set to provide uninterrupted electricity to the centre. The centre, which is located at […]
The Electoral Act Amendment Bill 2019, sponsored by Deputy Senate President, Senator Ovie Omo-Agege, wednesday passed through second reading. The bill, which has 26 clauses and co-sponsored by Senator Abubakar Kyari, seeks to amend the Electoral Act to strengthen and protect Nigeria’s democracy, as well as cure specific mischiefs plaguing the nation’s elections and electoral […]