News Category - Business
ABIA STATE GOVERNMENT REVOKES LAND TITLE AND RECLAIMS ASSETS OF ENYIMBA AUTOMATED SHOE COMPANY (ENASCO)
Shareholding Discrepancies: The shareholding structure recorded at the Corporate Affairs Commission (CAC), as at November 2024 did not reflect ABSG as a shareholder or beneficial owner despite its significant contributions.
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SANWO-OLU TELLS HARVARD SCHOLARS LAGOS IS INVESTORS' DELIGHT
Lagos State Commissioner of Information and Strategy, Gbenga Omotosho, said the Harvard outing was an opportunity for Governor Sanwo-Olu to share “Lagos’ bold vision and the tangible strides we are making in transportation, housing, innovation, and industrial growth."
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PRESIDENT TINUBU MOURNS THE PASSING OF BUSINESS ICON PASCAL DOZIE
The President prays for the peaceful repose of Chief Dozie's soul and extends his condolences to his wife, children, and extended family. He calls upon the Nigerian private sector to honour Chief Dozie's memory by upholding the values of integrity, innovation, and nation-building.
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COURT REMANDS 2 WOMEN IN PRISON FOR HAWKING NAIRA NOTES IN LAGOS
Folake Adeoti was arrested while hawking Naira notes to the tune of N3.850M, while Modupe Adewuyi was caught in similar act with the sum of N1.6M.
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PRESIDENT TINUBU APPOINTS AYO SOTINRIN AS MD BANK OF INDUSTRY
The new MD of the Bank of Agriculture was the Group Chief Executive Officer of SAO Group, which is an agribusiness company.
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FG SIGNS $174M PARTNERSHIP AGREEMENT WITH UNIDO
The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, said the partnership with UNIDO is for a period of four years, from 2024 to 2028.
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NIGERIA, JAPAN LAUNCH YOUTH-FOCUSED VENTURE FUND
The goal of the initiative is to channel Naira-dominated investments into high-growth startups, with a view to shield them from currency risks and unlock access to long-term concessional financing.
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NNPCL WELCOMES NEW BOARD, GROUP CHIEF EXECUTIVE OFFICER
"We also extend our profound appreciation to the outgoing GCEO, Mr. Mele Kyari, and the former Board Members for their selfless and dedicated service to the Company and to the nation."
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MELE KYARI SACKED, AS PRESIDENT TINUBU RECONSTITUTES BOARD OF NNPC LIMITED BOARD
The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.
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U.S. SHOWCASES CALIFORNIA WINES, EXPANDS TRADE OPPORTUNITIES IN NIGERIA
The event brought together 18 California wineries with the Nigerian business community, with a view to strengthen agricultural trade ties between the two countries.
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EFCC INVESTIGATES CFA-7 MILLION SEIZED BY CUSTOMS AT IDIROKO BORDER, OGUN STATE
The Customs’ Area Comptroller at the Idiroko Border Command said the foreign currency was being smuggled by a yet-to-be identified courier from Nigeria to Benin Republic, through the border, before it was intercepted.
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AFRIMA PARTNERS BRIDGEAFRIC, UNESCO FOR LAGOS GLOBAL MUSIC WORKSHOP
The event is scheduled to take place from Wednesday, March 26th to Saturday, 29th, 2025, and it aims to train young creatives, foster international collaborations, and further enhance the capabilities of creators and professionals within the value chain of music production and business.
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FG SIGNS LANDMARK AVIATION AGREEMENT WITH CANADA
The BASA agreement is in the form of a code – share, which requires two or more airlines market and sell seats on flights operated by another airline.
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GOVERNOR ABIODUN VISITS OLUMO ROCK, PROMISES FACELIFT TO BOOST OGUN TOURISM POTENTIALS
He said "Olumo Rock, being our foremost tourist attraction, will receive the necessary uplift to attact more visitors, adding that “If we are not intentional about restoring, maintaining, and protecting our heritage sites, they risk deterioration.”
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DANGOTE REFINERY SUSPENDS SALES OF PETROLEUM PRODUCTS IN NAIRA
The company said its sales of petroleum products in Naira had so far exceeded the value of Naira-denominated crude oil received by the refinery.
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TCN SAYS LOAD SHEDDING EXPECTED AROUND AGBARA, AS 132/33KV AGBARA TRANSMISSION SUBSTATION UNDERGOES UPGRADE
TCN says upon completion of the upgrade, three additional feeders would be radiated from the upgraded transformers, which would enable the Eko Electricity Distribution Company to increase supply to its customers in the area.
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ABIA STATE SEEKS PARTNERSHIP WITH FG ON NATIONAL MONUMENTS TO BOOST TOURISM
Governor Alex Otti listed the National War Museum, Ojukwu Bunker, the Long Juju of Arochukwu, the cave in Umunneochi, the Azumini Blue River, among tourist sites with huge potentials that require attention in Abia State.
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GOV. OTTI SIGNS ABIA STATE ELECTRICITY BILL INTO LAW
Governor Otti said that the 64-page law would support the power initiatives of the government and strengthen the plans of his administration to extend power to the rest of the 8 LGAs of the state, which are not covered by Geometric power limited covering 9 LGAs.
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PRIVATE SECTOR UNVEILS AGRIBUSINESS INVESTMENT FUND TO BOOST FOOD SECURITY
The initiative takes the form of a private sector-led Large-Scale Agribusiness Financing Programme, which was presented to the Federal Government as a collaborative effort to drive food sovereignty through large-scale investment in industrial agriculture.
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KENYA REQUEST TALKS WITH IMF ON NEW LENDING PROGRAMME
This comes after both sides abandoned the ninth review of current $3.6 billion loan programme. The authorities in Nairobi are now contending with rising debt servicing costs.
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