archiveDecember 1, 2016

The African Development Bank Group (AfDB) and Nigeria’s United Bank for Africa (UBA) have signed a $150 million loan agreement to finance Small and Medium Scale enterprises (SMEs). The loan was initiated to also finance infrastructure and women-owned enterprises in Nigeria, AfDB said in its news release. “The Fund will...

Nigeria’s cabinet approved a 20 percent increase in spending proposals next year, taking the figure to 7.3 trillion naira ($23.3 billion), according to the Budget and Planning Ministry. Bloomberg’s report monitored by Business247 News Online revealed. President Muhammadu Buhari will probably present details of the spending plan to the lawmakers...

Equities trading on the Nigerian Stock Exchange (NSE) sustained the rebound recorded in previous session to resume the month of December with a growth of 0.90 per cent. Market capitalisation grew to N8.69 trillion from N8.689 trillion, while the All Share Index (NSE ASI) added 23.45 basis points to close...

The National Working Committee (NWC) of the ruling All Progressives Congress (APC), has rejected the offer to step aside by its National Legal Adviser and former Commissioner for Environment in Lagos State, Dr. Muiz Banire (SAN). Our correspondent reports that Banire had about three weeks ago written to step down...

*Osinbajo in Sagamu, on second visit to industrial hubs in a week In a consistent demonstration of the administration's determination to press the diversification agenda and promote private sector partnership with the Federal Government, Vice President Yemi Osinbajo, SAN, continued his tour of industries in the country on Thursday visiting...

The National Bureau of Statistics (NBS) has said import from China recorded N478 billion in third quarter of 2016. The bureau said that Nigeria imported goods from China was 19.8 per cent of total imports. “This was followed by Belgium at N331.3 billion or 13.7per cent, Netherlands with N299.7 billion...

Kogi State Governor, Alhaji Yahaya Bello, in Lokoja on Thursday flagged off the N-power program of the Federal Government for the 4,521 successful beneficiaries in the state. He also lauded President Muhammad Buhari for the initiative aimed at empowering unemployed graduates across the federation. A statement by the Senior Special...

By Abdul  Olalekan Insurance companies and brokers have lambasted members of the House of Representatives over its accusation that about N200 billion insurance fraud was committed in the process of insuring government assets, noting that the Adhoc Committee set up to investigate the matter gets most of its facts wrong....

The Maritime Workers Union of Nigeria (MWUN) has decided to shelve negotiations for an upward review of dockworkers’ salaries in the country due to economic recession. This decision was announced by the labour leaders at the inaugural meeting of the National Joint Industrial Council (NJIC) held at the Nigerian Maritime...

  …..targets zero prevalence rate by 2017 Bayelsa State Governor, Henry Seriake Dickson on Thursday challenged the State Agency for the Control of HIV/AIDS, Ministry of Health and other related agencies to intensify efforts at further reducing the prevalence rate of the scourge from the current 3.8% to zero level...