Business

The Asset Management Corporation of Nigeria (AMCON) has confiscated properties belonging to 12 debtors in Lagos over a debt of N8.4 billion The body seized the properties in Lekki, Apapa, Ikeja, Somolu and Kosofe areas of the states.…
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The Federal Government has announced plans to review the 2020 budget as crude oil revenue comes under pressure from the effects of the raging coronavirus infection globally. The Minister of Finance/Budget Planning, Mrs Zainab Ahmed, said…
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Power generation on the national grid wobbled continuously in February as electricity distribution companies rejected a total of 17,657.19 megawatts of energy allocated to them by the Transmission Company of Nigeria between February 3 and…
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Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations say they could not generate 4,200 megawatts of electricity on Monday due to unavailability of gas. This information was made known in a daily energy…
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The Dangote Group on Saturday said its $2 billion Granulated Urea Fertiliser plant, the biggest in the world, located at Ibeju Lekki, Lagos would begin operation in May. Aliko Dangote, President of Dangote Group, said this when he led…
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The Central Bank of Nigeria has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks. In a statement on Sunday, the Director, Corporate Communications, CBN, Isaac Okorafor, clarified the…
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The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 per cent in 2019. The annual GDP growth rate of 2.27 per cent, according to the NBS,…
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Governor Babajide Sanwo-Olu stated this during a courtesy visit to Lagos House, Ikeja by the Executive Chairman, Federal Inland Revenue Service, (FIRS) Mr. Muhammad Nami. Placing emphasis on startups, the Governor stated that his…
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There is no reprieve yet for the Wema Bank Plc and its seven officials cited for contempt, as a Federal High Court sitting in Lagos, Southwest Nigeria reinforced its order compelling the said official to appear before the court on Tuesday…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) said the Federal, States, Local Governments and other statutory recipients by the Federation Accounts and Allocation Committee (FAAC) shared N8.15 trillion in 2019. NEITI…
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