Business

President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, says he sees his role as the Bank’s President as delivering hope for millions of people. Adesina made the remark while addressing Class of 2023 at Calvin University, Michigan, USA. He said: “In the past seven years, our work...

The National Bureau of Statistics (NBS), said that prices of food items such as yam, beans and beef witnessed increases in March. This is contained in NBS Selected Food Prices Watch Report for March 2023 released in Abuja on Wednesday. The report said the average price of 1kg beef boneless...

The President, Major General Muhammadu Buhari (retd.), on Tuesday, in Abuja, approved the partial exclusion of the Ministry of Finance Incorporated from the Treasury Single Account. Buhari also granted the request of the Board of MOFI to charge management and transaction fees; and the inclusion of the Minister of Power...

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...