Business

485 Articles
FAAC Shares N786.161 Billion May 2023 Revenue to FG, STate and LGCs
business Jun 22, 2023
FAAC Shares N786.161 Billion May 2023 Revenue to FG, STate and LGCs

The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the...

Ministry Directs Ogbuku to Continue as NDDC Chief Executive
business Jun 22, 2023
Ministry Directs Ogbuku to Continue as NDDC Chief Executive

The Ministry of Niger Delta Affairs has directed the Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku t...

FG okays re-opening of Seme border for vehicle importation
business Jun 22, 2023
FG okays re-opening of Seme border for vehicle importation

Director of Road Transport in the Ministry of Transportation, Ibrahim Musa, yesterday, disclosed that the Federal Government has approved th...

PIA, A Time Bomb, Says Gov Diri
business Jun 20, 2023
PIA, A Time Bomb, Says Gov Diri

*Seeks Review Of Act Bayelsa State Governor, Senator Douye Diri, has advocated an amendment of the Petroleum Industry Act (PIA) in ord...

Tinubu Meets Bill Gates, Dangote In Aso Rock ——
business Jun 19, 2023
Tinubu Meets Bill Gates, Dangote In Aso Rock ——

President Bola Tinubu on Monday met with the co-chair of the Bill & Melinda Gates Foundation, Bill Gates and the chairman of Dangote Group...

CBN Issues Further Guidance on Operational Changes to Foreign Exchange Market
business Jun 18, 2023
CBN Issues Further Guidance on Operational Changes to Foreign Exchange Market

Following the Central Bank of Nigeria (CBN) press statement of June 14, 2023, on new guidelines in the foreign exchange market, an extraor...

Tinubu Suspends Assistant Director In Charge Of IPPIS, Others In OAGF For Salary Padding
business Jun 17, 2023
Tinubu Suspends Assistant Director In Charge Of IPPIS, Others In OAGF For Salary Padding

Many civil servants across several Ministries, Departments and Agencies (MDAs) including the Revenue Mobilisation Allocation and Fiscal Co...

Nigeria’s cost of living eases as gas prices drop 30%
business Jun 15, 2023
Nigeria’s cost of living eases as gas prices drop 30%

Prices of Liquefied Petroleum Gas (cooking gas) in Africa’s biggest economy fell for the first time in a year in May, offering an unexpect...

EFCC summons Ex-Aviation Minister, Sirika, questions Nigeria Air officials
business Jun 15, 2023
EFCC summons Ex-Aviation Minister, Sirika, questions Nigeria Air officials

The Economic and Financial Crimes Commission (EFCC) has summoned the former Minister of Aviation, Hadi Sirika, to appear before the commis...

Subsidy Removal: Marketers Galvanise For CNG Rollout At N100/litre
business Jun 14, 2023
Subsidy Removal: Marketers Galvanise For CNG Rollout At N100/litre

Nigeria’s transportation industry will soon begin to see relief after the federal government’s petrol subsidy removal spiked exponenti...

Cook-a-thon: Hilda Baci drums support for Chef Dammy’s attempt to break Guinness World Record
business Jun 11, 2023
Cook-a-thon: Hilda Baci drums support for Chef Dammy’s attempt to break Guinness World Record

Popular chef Hilda Baci has sent words of encouragement to support her colleague, Damilola Adeparusi, who is participating in a 120-hour c...

PROFILE OF THE ACTING CBN GOVERNOR, FOLASHODUN ADEBISI SHONUBI
business Jun 9, 2023
PROFILE OF THE ACTING CBN GOVERNOR, FOLASHODUN ADEBISI SHONUBI

Mr. Folashodun Adebisi Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from Univ...