Business

The President, Major General Muhammadu Buhari (retd.), on Tuesday, opened 746 Housing Units constructed by the Federal Housing Authority in the Zuba area of the Federal Capital Territory. The N9.5bn estate which is located on 18.5 hectares of land consists of 16 blocks of three-bedroom flats in a block of...

The Iron and Steel Senior Staff Association of Nigeria (ISSSAN) has expressed concerns over plans by the Federal Government  to concession the Ajaokuta Steel and National Iron Ore Mining Companies in Kogi. It said it was concerned on the effect the plan would have on workers’ welfare. Its National President,...

The Central Bank of Nigeria (CBN) says no plans to phase out the redesigned Naira notes from circulation. CBN’s Acting Director, Corporate Communications Department, Isa AbdulMumin, made this known in a statement in Abuja on Sunday. The statement was a reaction to a viral news on social media that the...

*announce International Peace Award for Allen Onyema Global Peace Movement International, UK has commended the foresight of Governor Dave Umahi in building an international airport, Onueke in Ebonyi believing it will boost the tourism industry in the state and create wealth and employment. President General of the group, Dr. Mike...

Hans Essaadi, managing director and chief executive officer (CEO) of Nigerian Breweries Plc, says insecurity, especially the sit-at-home declared in the south-east by the proscribed Indigenous People of Biafra (IPOB), had a negative effect on the company’s 2022 performance. Essaadi said the organisation’s operations were also affected by the recent...

Femi Otedola, chairman of Geregu Power, has exited his 6.3 percent stake in Transnational Corporation Plc (Transcorp), a diversified conglomerate with investments in the power, hospitality and energy sectors. According to BusinessDay, sources in the know of the development said Otedola sold his shares to Tony Elumelu, group chairman of...

Vice President Yemi Osinbajo says Nigeria, as a nation, needs to  consider investments in Green Hydrogen in view of energy transition. Osinbajo made the call while unveiling a book titled “Understanding Natural Gas: A Nigerian Perspective” on Thursday in Abuja. The Vice President urged the Nigeria National Petroleum Company Limited...

A Division of the High Court of Justice of Kogi State sitting in Lokoja, the state capital, has restrained the Federal Government from it’s planned concession of the Ajaokuta Steel Company Limited (ASCL) and the National Iron Ore Mining Company (NIOMCO) at Itakpe. Both companies are located in Kogi State....

The Delta state government on Wednesday received operational license presented by the federal government to commence operations at the Delta Special Economic Zone (DSEZ). At a well attended ceremony in Abuja, the managing Director of the Nigeria Export Processing Zones Authority (NEPZA) Prof. Adesoji Adesugba who presented the license to...

The Central Bank of Nigeria (CBN) has assured Nigerians of safety of their money in banks through operation of the e-naira. taken its e-Naria digital currency policy sensitisation to  community comprising students, teaching and non teaching staff. Mr Chika Ugwueze,  Assistant Director Payments System Management Department, CBN, Abuja, disclosed this...