Latest Nigeria Business News
Torrents of tributes have poured in for renowned Yoruba movie actress, Moji Olaiya, a day after her death. Moji’s demise Thursday morning after she reportedly suffered a cardiac arrest sent a shock wave across the Nigerian entertainment industry. Her last post on Instagram was 18 hours before her death was announced. She wrote, “Hello fans, Okiki app […]
The Nigerian Ports Authority and and Integrated Logistics Services Nigeria Limited (Intels), Nigeria’s leading logistic firm for the oil and gas industry, are locked in a fierce business dispute, with the NPA threatening to terminate Intels’ port revenue collection contract, PREMIUM TIMES can authoritatively report today. Those familiar with the matter said the dispute, which has […]
The Chief of Air Staff, Sadiq Abubakar has affirmed the loyalty of the Air Force to the Nigerian constitution. Mr. Abubakar, an air marshall, made the call on Thursday during the commissioning of two blocks of flats at Bill Clinton Drive, Nigerian Air Force Base, Abuja. The block of flats are expected to be used […]
Justice Rilwan Aikawa of the Federal High Court, Lagos, on Friday ordered the formal forfeiture of N449,597,000 (about N450 million) found by the Economic and Financial Crimes Commission, EFCC, in LEGICO Shopping mall, Victoria Island, Lagos to the Federal Government of Nigeria. The EFCC had on April 8 said it uncovered a large sum of […]
The Economic and Financial Crimes Commission (EFCC) on Friday in an Abuja High Court, Maitama applied to amend charges against a retired Air Vice Marshal, Alkali Mawu. Mr. Mawu, former Air Officer, Training Command, Kaduna, was on June 21 arraigned before Justice Salisu Garba on a three-count charge of receiving gratification. The EFCC had alleged […]
Acting President Yemi Osinbajo has received the details of the 2017 appropriation bill recently passed by the National Assembly. The National Assembly passed a N7.441 trillion budget last week. The document was handed over to Mr. Osinbajo by the presidential aide in charge of Senate, Ita Enang. The handover was done behind closed doors. Mr. […]
Chairman, United Bank for Africa Plc, Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and contributions targeted towards supporting African economies in the last few years noting that these initiatives have gone a long way in fostering growth and diversity on the continent. Elumelu, who gave this commendation during the […]
The Central Bank of Nigeria (CBN) on Wednesday published a list of items, for which importers can source foreign exchange (Forex) from the market. CBN sent the list which has 36 categories, to all authorised dealers, Nigeria Customs and the public. It is endorsed by Director, Trade and Exchange, W.D Gotring. Gorting explained that the […]
Nigeria’s House of Representatives has urged the government to ensure proper funding of the Niger Delta Development Commission, NDDC. This followed the unanimous adoption of a motion on the need to investigate statutory funding of the NDDC. Leading debate on the motion, Mr. Kingsley Chinda from Delta State expressed serious concern over the funding and […]
The Nigerian government through the Debt Management Office (DMO) has launched a minimum Savings Bond of N5000 monthly in the South West Zone of the country to accommodate the grass root in the running of the economy. The initiative which had hitherto been enjoyed by the wealthy in the country was launched at Premier Hotel […]