Latest Nigeria Business News
The combined wealth of Nigeria’s five richest persons, estimated to be about $29.9 billion, can end extreme poverty in the country, a report by Oxfam International has stated. The Oxfam report was titled ‘Inequality in Nigeria, Exploring the Drivers.’ Forbes magazine lists the five richest Nigerians as Aliko Dangote, Mike Adenuga, Femi Otedola, Folorunsho Alakija […]
The Minister of Education, Adamu Adamu, on May 9 inaugurated the Governing Councils of 23 out of the 40 federal universities in the country. The new councils are to serve for a period of four years. Mr. Adamu said the inauguration came on the heels of the completion of the tenure of the immediate past […]
The Senate has issued a two-week ultimatum to acting President Yemi Osinbajo to ensure submission of the budgets of 31 public establishments, including the Nigerian National Petroleum Corporation and the Nigerian Ports Authority, to the National Assembly in line with the provisions of the Nigerian Constitution and the Fiscal Responsibility Act. The Senate, following a […]
The Inequality report released by Oxfam International on Wednesday, revealed that the combined wealth of five richest Nigerians, put at $29.9 billion, could end extreme poverty in the country. The report, entitled ‘Inequality in Nigeria, Exploring the Drivers’ and obtained in Abuja, exposed the large and growing gap between the rich and poor in Nigeria. […]
The Chief of Army Staff, Lt.-Gen. Tukur Buratai, has warned soldiers to steer clear of politics, adding that he received information that some individuals had been approaching some officers and soldiers for undisclosed political reasons. Buratai warned that men and officers caught in meetings with politicians would be penalised. The Director, Army Public Relations, Brig. […]
Two weeks after their confirmation by the Senate, the Acting President, Yemi Osinbajo, again on Wednesday did not inaugurate the two ministers who were recently confirmed by the Senate at the commencement of the weekly meeting of the Federal Executive Council. The Senate had on May 3 confirmed the new ministers, Stephen Ocheni (Kogi) and […]
Leader of the South-East caucus in the Senate, Senator Enyinnaya Abaribe, has protested against the alleged exclusion of the eastern rail line from the ongoing rail projects by the Federal Government. Abaribe, in his motion at the plenary on Tuesday, alleged that the South-East would not benefit from the projects for which the government was […]
The Nigerian Minister of Health, Prof.Isaac Adewole said that putting money in the health sector is not expenditure but an investment that would yield dividends. The Minister stated this in Abuja today at the National Stakeholders ‘Validation Meeting of the second National Strategic Health Development Plan framework. He urged stakeholders in the health sector to […]
The Nigerian Government says it has provided free surgeries to 4,349 patients and screened 17, 793 indigent Nigerians in 2016.The Minister of Health, Prof. Isaac Adewole, disclosed this in a statement issued by Mrs. Boade Akinola, Director Media and Public Relations of the ministry, on Tuesday in Abuja. According to the statement the ministry had […]
The British government has said the British Government would support power sector reform in Nigeria. British High Commissioner to Nigeria, Mr Paul Arkwright, stated this on in Abuja during a courtesy visit to Mr Babatunde Fashola, the Minister of Power, Works and Housing. He said that the visit was to identify areas of collaboration with […]