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Category: Business
Nigeria will Be Out of Recession In 2018 – NBS Boss

Nigeria will Be Out of Recession In 2018 – NBS Boss

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Barring any further hitches, the Nigerian economy will be out of recession in 2018, Statistician General of the Federation, Dr. Yemi Kale has said. In an interview with the ...

Oil prices: Saudi, Russia forge ‘axis of love’

Oil prices: Saudi, Russia forge ‘axis of love’

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A meeting between the two men who run Russia and Saudi Arabia’s oil empires spoke volumes about the new relationship between the energy superpowers. It was the first time that ...

Buhari appoints new chair for Nigeria’s electricity regulatory body, NERC

Buhari appoints new chair for Nigeria’s electricity regulatory body, NERC

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President Muhammadu Buhari has nominated James Momoh, a professor, for the position of Chairman of the Nigerian Electricity Regulatory Commission (NERC), a statement by the ...

EFCC Arraigns Businessman for N7m Land Scam

EFCC Arraigns Businessman for N7m Land Scam

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The Economic and Financial Crimes Commission, EFCC, on March 23, 2017 arraigned a businessman, Ibrahim Kamba, before Justice Y. Halilu of the Federal Capital Territory, FCT High ...

FG, States & LGC’S share N429.127 Billion for the Month of February 2017

FG, States & LGC’S share N429.127 Billion for the Month of February 2017

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A total of N429.127 billion has been distributed as Federal Allocation for the month of February, 2016 to Federal Government, State Governments and Local Government Councils. ...

Charcoal price up 40 per cent as kerosene, gas scarcity continues

Charcoal price up 40 per cent as kerosene, gas scarcity continues

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The price of charcoal in Omu-Aran in Kwara has gone up by 40 per cent as scarcity of kerosene and gas remained unabated, the News Agency of Nigeria, NAN, reports. NAN check on ...

Heritage Bank sacks ‘400’ staff

Heritage Bank sacks ‘400’ staff

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Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations by the News Agency of Nigeria, NAN, on Monday indicated that ...

Naira stabilises at N497/$ as hope of recovery imminent

Naira stabilises at N497/$ as hope of recovery imminent

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The Naira on Monday stabilised at N497 to a dollar at the open market just as stakeholders expressed hope in its imminent recovery, the News Agency of Nigeria, NAN, reports. ...

Gov. Sani Bello woos Indonesian investors

Gov. Sani Bello woos Indonesian investors

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Niger State Governor, Alhaji Abubakar Sani Bello has urged Indonesian investors to cash on the abundant availability of high quality Cotton in the state to establish textile ...

Contractor, not NEMA culpable in diversion of food meant for IDPs – Senator

Contractor, not NEMA culpable in diversion of food meant for IDPs – Senator

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The Senate Majority Leader, Ali Ndume, on Tuesday cleared the National Emergency Management Agency, NEMA, of complicity in the alleged diversion of relief materials meant for the ...

UBA, AfDB sign $150m loan agreement

UBA, AfDB sign $150m loan agreement

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The African Development Bank Group (AfDB) and Nigeria’s United Bank for Africa (UBA) have signed a $150 million loan agreement to finance Small and Medium Scale enterprises ...

Nigerian equity market loses 0.06 per cent

Nigerian equity market loses 0.06 per cent

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Activities on the Nigerian Stock Exchange, NSE, resumed on Monday, still on a negative note with the market indices depreciating by 0.06 per cent. The News Agency of Nigeria ...

2017 budget targeted at stimulating private sector investment – Udoma

2017 budget targeted at stimulating private sector investment – Udoma

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The Federal Government said on Monday that the focus of the 2017 Budget would be to stimulate private sector investment and fast-track the exit of the economy from recession. ...

BOI trains youth on entrepreneurial skills

BOI trains youth on entrepreneurial skills

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The Bank of Industry (BOI) and the African Community Bridge Foundation (ACBF) on Tuesday commenced the training of 131 youths from Taraba and Adamawa in various entrepreneurial ...

Samsung recalls Galaxy Note 7 from Nigeria

Samsung recalls Galaxy Note 7 from Nigeria

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Although the Galaxy Note 7 phones had not been officially released in Nigeria before the recall, some dealers and customers had already purchased the phone from other countries. ...

Nigeria licenses 6 slots to broaden broadband penetration

Nigeria licenses 6 slots to broaden broadband penetration

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The Minister of Communications, Adebayo Shittu, says the Federal Government has licensed six slots of the 2.6 MHz Spectrum for the deployment of 4G-LTE services in its efforts to ...

Buhari: Nigeria shall return to good old days of accountability

Buhari: Nigeria shall return to good old days of accountability

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President Muhammadu Buhari has restated the determination of his administration to restore the country to the “good old days of accountability”. Speaking at a meeting Tuesday ...

Nigerian government declares support for Innoson’s $1 billion Chinese investment

Nigerian government declares support for Innoson’s $1 billion Chinese investment

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In the next few years, the Buhari administration will continue to actively pursue a plan for the massive manufacturing and production of goods in the country as much as possible, ...

Pounds falls to lowest level in 31 years

Pounds falls to lowest level in 31 years

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Britain’s pound dipped below $1.27 for the first time since June 1985, the outcome of trading showed on Wednesday. Financial analysts said in London that fears of a ‘hard’ ...

Naira crashes against major currencies

Naira crashes against major currencies

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The Nigerian currency on Wednesday depreciated against the three major currencies in all the segments of the Forex market, the News Agency of Nigeria reports. At the Interbank ...

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