Latest Nigeria Business News
The Nigerian Stock Exchange on Tuesday has closed the Gong Ceremony in honour of former Chairman of Stanbic IBTC Holdings, Mr. Atedo Peterside. Mr. Peterside announced his resignation from the board of the bank with effect on March 31, 2017, after serving for 10 years. Peterside served the bank as the Chief Executive Officer of […]
The Nigeria National Petroleum Corporation, NNPC, has begun off-loading petroleum products at its depot located in the Hotoro area of the ancient city after decades of abandonment due to acts of pipeline vandalism. The products are being pumped from Kaduna to Kano through the repaired pipelines. With the repairs, the company had been able to […]
Nigeria’s telecommunications sector contributed over N15 trillion to the country’s Gross Domestic Product (GDP) since the liberalisation of the sector, according to the Nigerian Communications Commission (NCC). The Executive Vice-Chairman of NCC, Prof. Umar Danbatta, made the disclosure at an interactive session with newsmen in Lagos. Danbatta said the sector’s contribution to the GDP increased […]
Former Nigerian President Olusegun Obasanjo has urged soldiers in Cote d’Ivoire to end their mutiny and return to the barrack. Mr. Obasanjo, in a statement issued on Tuesday evening, also asked the Ivorian government to “speedily” attend to the soldiers’ complaints. The mutiny, which has lasted for five days now, began on Friday when soldiers […]
The Borno State Governor, Kashim Shettima, on Tuesday said continuing attacks by Boko Haram insurgents in areas around Sambisa forest have stalled the proposed closure of camps and return of internally displaced persons, IDPs, to their liberated communities by the end of this month. The governor had last year declared that the end of May […]
The Federal Government on Tuesday again amended the corruption charges it preferred against a Justice of the Supreme Court, Justice Sylvester Ngwuta, before a Federal High Court in Abuja. Three amendments have now been done to the charges originally filed in December 2016. Shortly after the lead prosecuting counsel, Mrs. Olufemi Fatunde, announced the latest […]
The Lagos State Governor, Akinwunmi Ambode, on Tuesday said the withdrawal of the Vehicles Inspection Officers from all Lagos roads was permanent. The governor also asked the Federal Road Safety Corps to restrict their operations to highways and stay off state roads. Ambode spoke while inaugurating the pedestrian bridge, lay-by and slip road at Berger […]
The National Bureau of Statistics on Tuesday said the Consumer Price Index which measures inflation dropped from 17.26 per cent in March to 17.24 per cent in the month of April. The NBS in the report stated that the 0.02 per cent points in inflation rate make it the third consecutive month of decline in the […]
The Nigerian National Petroleum Corporation (NNPC) says it will resume oil prospecting in the Lake Chad Basin of Borno. The Group Managing Director of NNPC, Dr Maikanti Baru, disclosed this when he visited Gov. Kashim Shettima at the Government House in Maiduguri, Borno state. Baru was represented at the occasion by the NNPC Chief Operations Officer, who […]
The National Information Technology Development Agency (NITDA) has urged Ministries, Departments and Agencies (MDAs) to protect their systems against cyber attacks. Mr Isa Ibrahim, the Director-General of the agency said this in a statement issued in Abuja. Ibrahim said the call had become imperative following a trending cyber-attack “Ransomeware”, that had crippled the functionality of […]