The latest business news in Nigeria, Africa and the world.

FG To Partner Osun For Massive Food Production

The Federal Government has expressed readiness to partner with Osun State government for massive food production in Nigeria.

Finance Minister Insists On Continuous Borrowing

Minister of Finance, Kemi Adeosun, has insisted that Nigeria will keep borrowing to finance the Economic Recovery and Growth Plan (ERGP).

Naira Gains Further Against Dollar

The Nigerian currency gained 0.5 points to close at N366.5 to a dollar, stronger than N367 recorded on Wednesday, while the pound sterling and the Euro traded at N472 and N420 respectively.

FG To Generate Over $1bn Through VAIDS, Adeosun Says

The Nigerian Government will generate over $1 billion through the recently-launched Voluntary Assets and Income Declaration Scheme (VAIDS).

Ifeanyi Ubah Insists NNPC Owes Capital Oil N16bn

Chairman of Capital Oil Ifeanyi Ubah has denied reports that his company is owing Nigerian National Petroleum Corporation (NNPC) N11 billion.

Lagos Airport To Be Certified July 21, FAAN Says

The Federal Airports Authority of Nigeria (FAAN) on Thursday announced that the Murtala Muhammed International Airport, Lagos, would be certified on July 21.
Aliko Dangote

Dangote To Invest $4.6b In Agriculture

The Dangote Group plans to invest just over $4 billion in sugar, rice and dairy production in the next three years as part of its expansion plans.

Oil Market Uncertainties Will Affect 2017 Budget – Kachikwu

Minister of State for Petroleum Resources, Ibe Kachikwu, says the 2017 budget implementation will be affected by growing uncertainties in the global oil market.

FEC Approves IOUs To Clear N740.75bn Local Debts

The Federal Executive Council on Wednesday approved the issuance of promissory notes for the settlement of over N740 billion worth of debt owed contractors.

Kachikwu Seeks Dangote’s Support In Building Truck Transit Parks

Minister of State for Petroleum Resources Ibe Kachikwu has called for support of business mogul Aliko Dangote in building Truck Transit Parks (TTPs) across the Nigeria.

EMTS Hashing Agreement To Keep Etisalat Brand Name

EMTS, trading as Etisalat Nigeria, has announced that discussions are ongoing with the Etisalat brand pertaining to its continued use.

Elumelu Tasks FG On Economic Repositioning

Tony Elumelu, the Chairman, Tony Elumelu Foundation, has urged the Federal Government to reposition the country’s economy to prevent future disaster.
CBN Announces 9% Interest Rate Loans For Manufacturing, Agric., Other Selected Sectors

CBN Intervenes In Inter-Bank Market With $142.5m

The Central Bank of Nigeria (CBN) on Monday continued its intervention in the inter-bank market by injecting $142.5 million into it.

Only 3m Nigerians Have Insurance Policies – Adeosun

The Minister of Finance, Kemi Adeosun, has revealed that only three million out of 180 million Nigerians possessed insurance policies to protect themselves from uncertainties.

CBN Targets Single Digit Inflation

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is confident that Nigeria will return to single digit inflation rate.

Ebonyi Borrowed N10bn To Finance Agriculture – Gov. Umahi

Ebonyi State Govt. has disclosed that it has borrowed N10 billion from the Federal Government to finance agriculture in the state.

Nigeria Customs Says E-auction Now Accessible

The Nigeria Customs Service (NCS) has attributed the inability to access the e-auction platform to technical problems.

NSE Suspends 17 Listed Companies From Trading

The Nigerian Stock Exchange says it has suspended 17 listed companies from trading their shares in the bourse.

FG Kicks Off Tax Thursday With Abuja-wide Road Show

The FG formally kicked off Tax Thursday campaign in Abuja with a carnival-like procession around major streets, malls and markets.

South-east Gets 9 Percent Energy Generated In Nigeria – EEDC

A Director in the Enugu Electricity Distribution Company (EEDC) Steven Dike says that only nine percent of energy generated in the country is allocated to the South-East zone
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