Latest Nigeria Business News
A Jigawa State Magistrate Court has remanded former a former governor of the state, Sule Lamido, in prison custody. Mr. Lamido is to be in the Dutse prison until May 4 when applications for his bail will be decided, Chief Magistrate Usman Lamin ruled. The magistrate said he needed time to decide on the application […]
The Senate has stepped down the bill to establish the Nigerian Peace Corps, after lawmakers opposed adoption of the conference report on it. The setback, Tuesday, followed the presentation of the report of the conference committee of the Senate and the House of Representatives chaired by Bayero Nafada. The Senate had since last year passed the […]
Air Peace has condemned the attacks on its staff by some passengers in Abuja, Lagos, Calabar and other parts of the country. The airline in a statement issued by its Corporate Communications Manager, Chris Iwarah, on Friday, warned that it would no longer condone members of the public endangering the lives of its workers. It […]
The Association of Power Generation Companies, APGC, Thursday, said it has the capacity to generate 12,000 MW to reduce the electricity needs of Nigerians. Joy Ogaji, the Executive Secretary of the association said the generation companies have an installed capacity that could provide 12,500 MW of electricity to Nigerians. “Then they have an available capacity […]
Nigeria’s Minister of Finance, Kemi Adeosun, has said the nation plans to get out of recession by boosting government non-oil revenues and cracking down on corruption. Reuters reports that Mrs. Adeosun made the remarks while fielding questions from reporters at the World Bank conference in Washington on Thursday. Analysts said the Nigerian government’s anti-corruption war […]
The Ahmed Makarfi faction of the Peoples Democratic Party, PDP, has urged the Federal Government to constitute an independent body to investigate corruption allegations against suspended Secretary to Government of the Federation, SGF, Babachir Lawal. The faction made the call in a statement signed by Dayo Adeyeye, its spokesperson, on Thursday in Abuja. It said […]
The police in Cross River State have confirmed that at least seven people were electrocuted on Thursday at a viewing centre in Calabar where they had gone to watch the Europa League match between Manchester United of England and Anderlecht of Belgium. The incident, said to have occurred at about 10 p.m. at the Iyang-Esu […]
The Economic and Financial Crimes Commission is considering declaring a former Commissioner of Local Government in Niger State, Kantigi Liman, wanted after a further N2billion was traced to his United Bank for Africa account by the agency. An EFCC insider told PREMIUM TIMES the discovery brings to N6 billion funds traced to accounts held by […]
The decline in the global oil price has significant impact on the activities of most oil producing nations. In Nigeria, the Executive Secretary, Nigerian Content Development Monitoring Board, Simbi Wabote, blames the low level of Nigerian content on the dearth of new projects coming on stream as a result of the crisis. He spoke with […]
A 30-year-old house wife, Bilkisu Lawal, on Wednesday told a Mararaba Grade 1 Area Court that her husband, Shuaibu Yusuf, had denied her sex for two years. Bilkisu, who is seeking divorce, narrated how Shuaibu had not been performing his duty as a husband. She told the court that she married her husband in January […]