$11bn debt: Nigeria wins case against P&ID
Nigeria has won its case against the Process and Industrial Developments Company, P&ID. In the case marked CL-2019-000752, the Federal Government sought to overturn an arbitration…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
JUST IN: Lagos state government seals Alaba International Market
Officials from the Lagos Waste Management Authority, in conjunction with the Lagos State Environmental Sanitation and Special Offences Unit, executed the closure of Alaba International Market,…
Cash transfer: FG disqualifies Nigerians without NIN, BVN, CBN begins payment
The Federal Government is reviewing and expanding the National Social Register to accommodate pensioners and ex-servicemen under its Conditional Cash Transfer scheme. It is also removing…
Houston, Texas gears up for Fidelity Bank’s FITCC Trade Expo
All is now set for the Fidelity International Trade and Creative Connect (FITCC) billed for Houston, Texas in the United States of America. Labeled as FITCC…
Tinubu Govt. Secures $1.5 Billion, $80 Million Loans from World Bank, African Development Bank
The Federal Executive Council (FEC) has approved an application to secure a budget support loan worth $1.5 billion from the World Bank and an additional $80…
Nigeria ranks 4th on World Bank’s borrowers’ list with $14.3billion debt
Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association (IDA) borrowers’ list after moving up from fifth in the 2022…
BREAKING: President Tinubu Appoints New Leadership Across The Industry, Trade, And Investments sectors
President Bola Tinubu has approved the appointment of new Chief Executive Officers of several agencies and parastatals under the Federal Ministry of Industry, Trade and Investment,…
Fuel-laden Tanker Crashes In Lagos, Burns Several Vehicles, Others
An oil tanker fully loaded with Premium Motor Spirit (PMS) otherwise known as petrol has crashed into a truck and damaged several vehicles and other public…
SON Destroys Multi-billion Naira Fake Items, Mulls Life Imprisonment For Importers
The Standards Organisation of Nigeria (SON), yesterday, destroyed fake and substandard products worth several billions of naira in Lagos. Products destroyed are engine oil, electrical cables…
Rivers’ woman bathes husband with hot oil
A Rivers’ woman identified as Hope Nwala is on the run after allegedly bathed her husband, Ekelediri Nwankwo Nwala with a hot groundnut oil over a…