News Category - Business
COURT ADJOURNS N1.38BN FRAUD TRIAL OF FORMER P-SQUARE MANAGER, JUDE OKOYE
Jude Chigozie Okoye is the elder brother of the due of Paul and Peter Okoye, formerly known as P-Square on stage.
Read More →
MICROSOFT FOUNDER, BILL GATES, BAGS NIGERIA'S CFR NATIONAL AWARD
The philanthropist arrived in Nigeria to discuss health and development initiatives.
Read More →
PETROL SUBSIDY FRAUD: LAGOS COURT JAILS 2 CONVICTS 14 YEARS EACH, ISSUES BENCH WARRANTS FOR 2 OTHERS
They were initially standing trial before Justice Adeniyi Onigbanjo of the Lagos State High Court sitting in Ikeja, Lagos. However, Justice Onigbanjo withdrew from the case, thereby prompting the re-assignment of the case to Justice Dada.
Read More →
ONITSHA DRUGS MARKET SAGA: OBI FAULTS NAFDAC OVER PROLONGED CLOSURE
The 2023 presidential candidate of the Labour Party said the level of insensitivity being displayed by NAFDAC is both disturbing and uncaring.
Read More →
U.S. SPEAKER PROGRAM FOSTERS COLLABORATION, INNOVATION AMONG NIGERIAN MEDIA LEADERS
U.S. Ambassador Richard M. Mills, Jr noted that for the media to remain truly independent, it must also be economically viable.
Read More →
REPORT: HOW CORPORATIONS HOOK NIGERIANS ON UNHEALTHY FOODS, INCREASE NCDs
Findings show that through aggressive marketing, cultural co-optation, celebrity endorsements, and deceptive labelling, corporations entrenched ultra-processed, high-sugar, and high-sodium products in Nigeria's food environment—targeting children, youth, low-income communities.
Read More →
ABIA GOVT SETS N120 BILLION IGR TARGET, LAUNCHES STATEWIDE DATA ENUMERATION
This initiative, aimed at capturing detailed data on houses, businesses, and residents, is designed to boost revenue generation, ensure fairness in taxation, and improve access to social services across the state.
Read More →
FEC APPROVES NIGERIA FIRST POLICY TO BOOST LOCAL INDUSTRIES
The main thrust of the policy is that goods produced in Nigeria will henceforth receive deserved priority in federal government procurement.
Read More →TRAVELLING TO UK: ALL YOU NEED TO KNOW ABOUT APPLYING FOR VISA
The UK remains a popular destination for travellers across Africa, with Nigeria in the top four nationalities by volume for UK visit visas, accounting for 6% of the global total*.
Read More →
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.
Read More →
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."
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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."
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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.”
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
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.
Read More →