Business

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...

The Debt Management Office (DMO) says Nigeria’s indebtedness to the World Bank, which grew from 6.29 billion dollars in 2015 to 13.46 billion dollars in 2022 is a positive development. According to a statement by the DMO in Abuja on Wednesday, this is contrary to media reports about the nature...

A World Bank report has revealed that the Nigerian Diaspora community remitted $168.33 billion to the country in the past eight years. The remittance was made even as the foreign investments inflow into the country remained unstable during those years caused by a scarcity of foreign currency which has since...

The AKK project spans 614 kilometres with a 15km Abuja terminal gas station, four gas stations, 22 block valve stations, pigging stations among others. Through this facility, NNPC will transport 2 billion Standard Cubic Feet (scuf) of natural gas per day to three power plants in Abuja, Kaduna, Kano with...

itel, Africa’s 15th Most Admired Brand 2022 and one of Africa’s notable mobile phone brands, has announced the itel P40 as the newest mega battery addition to its flagship power smartphones series. itel understands that smartphones are becoming increasingly indispensable to consumers, and this has led to the birth of...

By Gbenga Kayode In a bid to further strengthen business contacts and improve trades between Nigeria and Belgium, the Nigerian Chapter of  Belgium Luxemburg Nigeria Chamber of Commerce, BLNCC will be unveiled on April 29, 2023 at the International Conference Centre, ICC, Abuja. Nigerian Ambassador to Belgium, Obinna Chiedu Onowu...

A consumer body, the Cooking Gas Consumers Association of Nigeria (CGCAN) has again added its voice to the lingering issue of high cost of the ex-depot price of Liquefied Petroleum Gas (LPG) popularly called cooking gas in the country, saying that the role played by middlemen in the gas industry...