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Business

Why MDAs must comply with Procurement Law – Hamzat

The Deputy Governor, Lagos State, Dr. Obafemi Hamzat, on Thursday stressed the need for Ministries, Departments and Agencies, MDAs, of…
The Nigerian Senate

2020 Budget: Senate considers N232.8bn for FCT

The Senate on Thursday considered a Bill to authorize the sum of N232.8 billion for the Federal Capital Territory Administration…
Emefiele

CBN says refund to bank customers stand at N76.7bn, $20.9m

The Central Bank of Nigeria (CBN) says the worth of money refunded to bank customers as at Nov. 30 stood…
YouTube

YouTube officially bans racist, sexist videos

YouTube has officially announced that from now on, it will ban any content that is racist, sexist and promotes any form…
Saudi Aramco

Saudi Aramco valued at $2 trillion, beats Apple

Saudi Aramco stock defied skepticisms Thursday by soaring for a second day, topping the $2 trillion target sought by Saudi…

FEC approves portal for import duty exemptions

The Federal Executive Council (FEC) on Wednesday approved the development of a portal for the management of import duty exemptions…
The Nigerian Senate

What Senate decided to do against influx of foreign vessels into Nigeria

The Senate on Wednesday mandated its Committees on Local Content Legislative Compliance and Petroleum Downstream to investigate the influx of…
Malam Mele Kyari, Group Managing Director (GMD), Nigerian National Petroleum Corporation Ltd. (NNPCL)

NNPC set to take measures to curb oil theft

The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude…
Debt Management Office (DMO) , on behalf of the Federal Government, offers two FGN Savings Bonds for subscription at N1,000 per unit

DMO clarifies Nigeria’s external debt

The Debt Management Office (DMO) says the public debt stock of the country is a cumulative figure of borrowings by…
The Nigerian Senate

Senate probes CBN over N20trn unremitted stamp duties

The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account…

Firm kick-start initiative to help 500 Young Nigerians secure jobs

Workbarn Consulting, a human resources and management consulting firm, has kick started a CSR initiative which aims to guide individuals…
First Bank of Nigeria Plc

N10.7bn debt: Lister Flour Mills, First Bank move to settle out of court

A Federal High Court sitting in Lagos, Southwest Nigeria has adjourned till February 17, 2020, for First bank of Nigeria…

Sanwo-Olu makes crucial appointment for LASAA

Lagos State Governor, Mr. Babajide Sanwo-Olu has appointed Prince Adedamola Docemo as the new Managing Director of the Lagos State…

Buhari seeks Senate’s confirmation of new FIRS chairman

The Senate on Tuesday received a formal request from President Muhammadu Buhari for the confirmation of Muhammad Mamman Nami as…

Senate considers bill to address food security problems in Nigeria

The Senate on Tuesday commenced legislative action to address the country’s food security problems when it considered a Bill to…
Power outage

DisCos revenue collection increases by N43bn

The Electricity Distribution Companies (DisCos) say their revenue has increased by N43 billion in the last one year.

Buhari sacks Banire as AMCON Chairman, appoints replacement

President Muhammadu Buhari has sacked Dr. Muiz Banire as Chairman of the Asset Management Corporation of Nigeria, AMCON, and appointed…

Huawei delays Harmony OS for phones, tablets, computers

Chinese tech giant Huawei Technologies says it is not in a hurry to deploy its Harmony operating system on its…

ECOWAS leaders set to meet on single currency

Presidents of Economic Community of West African States (ECOWAS) are to meet on December 21 in Abuja to consider recommendations…

Adesina wins African of the Year award

African Development Bank President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders…
Court orders CBN to release N82bn to Akwa Ibom communities

CBN appoints new director

The Central Bank of Nigeria (CBN) has appointed Ahmed Bello Umar as the new Director, Currency Operations.

Shell blocks enforcement of $516m oil spill claims by Ogoni community

A Judge in London on Thursday overturned an attempt by lawyers to a Nigerian community to carry over a 2010…

UK Fraud Office probes Glencore for bribery

The world's largest commodities trader, Glencore Plc is being investigated for bribery by the UK Serious Fraud Office.

Stanbic IBTC attracts highest capital inflow into Nigeria for third quarter of 2019

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the financial institution that attracted the…

Ecobank Nigeria gets applause for supporting Young Entrepreneurs

Ecobank Nigeria has been commended for supporting budding entrepreneurs and small and medium enterprises (SMEs) in the country.
Ifeanyi Ubah

Ifeanyi Ubah’s N135b fraud case adjourned till 2020

A Federal High Court in Lagos on Wednesday adjourned until Feb. 13, 2020, trial of the Chairman of Capital Oil…

Aiteo loses $240m crude to thieves

Aiteo Eastern Exploration and Production, operators of OML 29, said the activities of oil thieves have assumed alarming proportions, leading…
PoS (Point of Sale) transaction

POS Stamp Duty: ‘You are rubbishing cashless policy’ – Group tells FG

The Women’s Research and Documentation Centre (WORDOC), Institute of African Studies, University of Ibadan, declared that the introduction of N50…

Larry Page, Sergey Grin Google co-founders resign from Alphabet

Google co-founders Larry Page and Sergey Brin, have decided to step aside from control of their parent company, Alphabet. They…

Bad News for Nigeria, OPEC: Oil prices could fall to $40 in 2020

It's bad news for Nigeria and other OPEC countries and Russia as they meet in Vienna on 5 December to…
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