Business

Federal Government says it will collaborate with Saudi Arabia for the revamp of Nigeria’s refineries in Warri, Port Harcourt and Kaduna. Minister of State for Petroleum Resources, IbeKachikwu made this disclosure at the Abuja headquarters of the Federal Ministry of Petroleum Resources while playing host to the Minister of Oil and Energy for Saudi Arabia, […]

Debt Management Office says Federal Government has borrowed a total of two point thirty-two trillion Naira in 2017 to fund deficit in the budget. Debt Management Office said this in its 2017 Annual Report obtained in Abuja. According to Debt Management Office, the total amount was borrowed from both the domestic and the foreign debt […]

Central Bank of Nigeria (CBN) says two global banks, HSBC and UBS have closed down their offices in Nigeria. The CBN report also noted that the country’s foreign investment has slumped further since one year ago. However, the CBN did not reveal the reasons for the closure of the financial firms. According to the apex-bank, […]

Nigeria’s inflation rate has again risen for the second time in a row. Data from the National Bureau of Statistic (NBS)on Tuesday showed a slim margin of 0.05 per cent to 11.28 per cent in September, compared to 11.23 per cent recorded in August. According to the NBS, the composite food index rose to 13.31 per […]

Dr Eze Ajoku disclosed this during the 24th international convention at the Praise Centre Church International Owerri, the imo state capital, “themed increase and multiply”. Ajoku who delivered a lecture titled “starting up a business and managing it”, said for someone to become a successful businessman, he or she must be visionary driven. The senator […]

  Imo State Government has signed Memorandum of Understanding (MoU) with Chinese Company, Elion Global Resources, on Power Generation and Agro-based Ventures. Secretary to the Government of Imo State, Hon. Mark Uchendu signed on behalf of the Imo State Government, while Chief Executive Officer of Elion Global Resources XU Weihui signed on behalf of the […]

Central Bank of Nigeria (CBN) has allayed worries over the fluctuation in Nigeria’s external reserves. It assured that with its current level at over 44 billion dollars, there is no cause for alarm. Speaking during CBN’s special day at the ongoing 13th Abuja International Trade Fair, the apex bank’s Acting Director, Corporate Communications, ISAAC OKOROAFOR, […]

Vice President YEMI OSINBAJO has announced the Federal Government’s approval of a ninety-day special window to register businesses at a reduced rate of five thousand Naira only. This was contained in a statement signed by LAOLU AKANDE, the vice president’s spokesman. OSINBAJO, who was quoted as making the announcement at the launch of the 19th […]

Deputy Senate President, Ike Ekweremadu, says respite is coming the way of the Nigerian business community in Ghana as the government of the West African country has promised to reconsider its policy on foreign businesses, following his intervention. Ekweremadu said the implementation of the policy had led to the shutting of over 400 shops owned […]

Nigeria Labour Congress (NLC) has called off its nationwide strike. President of the NLC, Ayuba Wabba who disclosed this to journalist in Abuja, the nation’s capital, said the union decision to call off the strike came after an emergency meeting of the National Executive Council of the body.   He also said the council adjudged […]