Business

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NNPC Ltd has reacted to allegations of Nigeria spending way too much on litres of subsidized fuel, stating that it will offer itself for a forensic audit of fuel supply and subsidy management, insisting that daily fuel supply is 68 million litres. This was disclosed in a statement on Sunday by Malam Garba Muhammad, Group […]

The Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. According NANS, the NDIC also published a final dividend declaration notice to creditors of five banks in-liquidation. The notice published on the Corporation’s website on Friday, listed the banks to include ABC Merchant Bank Ltd., Commercial […]

The Federal Government said it’s optimistic that the the European Union and United States of America, will be lift ban on Nigeria’s agricultural commodities. This was disclosed by the Agriculture Minister, Dr Mohammad Abubakar, during a briefing by the Standing Inter-Ministerial Technical Committee (SIMTC) on Agro Zero Reject Initiative on Thursday in Abuja. According to NAN, the […]

The World Bank Group President, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for the poor and vulnerable. He also stressed the need for a unified exchange rate in Nigeria, which would significantly improve the business-enabling environment in Nigeria, attract foreign […]

The United Bank for Africa, UBA, has reduced its hours of hours in some of its branches in Abuja and its environs amid a heightening spate of armed banditry and terrorist attacks in the country’s capital. Announcing the development in a memo to customers, the bank said it took the decision for the safety of […]

Col. Hameed Ali (retd.) the Comptroller-General of Nigeria Customs Service, has stated that the Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation) cannot justify the volume of Premium Motor Spirit (petrol) being consumed in the country daily to warrant the over N6.34tn subsidy payment on the commodity annually. During his presentation to the […]

On Thursday, the federal government presented certificates of registration and sales permits to authorised fertiliser dealers in Nigeria. This is contained in a statement issued by Modupe Olatunji, a spokeswoman for the Ministry of Agriculture and Rural Development in Abuja. According to NANS, the Permanent Secretary, Dr Ernest Umakhihe, during the presentation of certificates said […]

The Lagos state government says violators of the ban on commercial motorcycles, better known as okada, in some LGAs of the state, are liable to an imprisonment term of three years. Frederic Oladeinde, commissioner for transport, issued the warning on Wednesday during a press briefing at Ikeja, Lagos state capital. On August 18, 2022  the […]

Governor Okezie Ikpeazu of Abia has assured old traders at Ariaria International Market and Ahia Ohuru that his administration will allocate shops to them in the remodelled markets. A statement by Commissioner for Trade and Investment, John Okiyi-Kalu, said Mr Ikpeazu gave the assurance in Aba while interacting with the executives and stakeholders in the […]

Emirates Airlines has announced the reinstatement of its flight operations to Lagos, starting September 11, 2022. Making the announcement in a memo to customers on Wednesday, the airline said that inbound flights from Dubai to Lagos and outbound flight to Dubai will commence on September 11. “We are pleased to inform you that effective from 11th […]


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