archiveOctober 23, 2023

The Minister of Finance and coordinating of the economy, Mr. Wale Edun, has stated that around $10 billion of forex inflows is expected within weeks rather than months. Edun stated this during a panel session at the ongoing Nigeria Economic Summit and answered questions concerning stabilizing the foreign exchange market...

Oyo State governor, 'Seyi Makinde, has appointed a retired military officer, Major Adesagba Adekoya (rtd), as the chairman of the Oyo State Road Traffic Management Authority (OYRTMA). According to a press statement signed and sent to Business247 News on Monday by Mr. Sulaimon Olanrewaju, Chief Press Secretary to the Oyo...

  Vice President Kashim Shettima will deliver a keynote speech at the World Food Prize Foundation’s Norman Borlaug International Dialogue in the USA on Tuesday. Mr. Stanley Nkwocha, Senior Special Assistant to the President, Media and Communications, Office of the Vice President, made this known in a statement on Monday....

Managing Director and Chief Executive Officer of Sterling Bank Limited, Mr. Abubakar Suleiman, has identified the need to fix infrastructure, promote positive narratives about Nigeria and advocacy by stakeholders as critical factors necessary for propelling the growth of Nigeria's tourism industry. Suleiman made these remarks during Sterling Bank's observance of...

According to the recent Internally Generated Revenue (IGR) report from the National Bureau of Statistics (NBS) which was released today, October 23, 2023, Lagos, Rivers and the Federal Capital Territory (FCT) generated the highest amounts of internally generated revenue in 2022. According to the NBS, these are the major highlights...

  The Supreme Court has reserved judgment in the appeal filed by the Presidential candidate of the Peoples Democratic Party, (PDP) in the Feb. 25, election, Alhaji Atiku Abubakar, seeking to dismiss and set aside the judgment of the Presidential Election Petition Court, (PEPC). The court similarly reserved judgment in...

The Nigeria Security and Civil Defence Corps (NSCDC) has arrested over 70 young people after accusing them of organising a gay wedding in Gombe state, a security spokesman said on Monday, in the latest raid on the LGBTQ community. Same-sex marriage is illegal in Nigeria under a 2014 law. Personnel...

The Federal Government of Nigeria on Monday finally emerged victorious in its legal case against Process & Industrial Developments (P&ID) Limited in a United Kingdom (UK) court. After over five years of legal tussle, judgment was delivered in favour of Nigeria, which has now halted the enforcement of the $11...

“Preliminary investigation showed that the alleged attack (on Governor Yahaya Bello of Kogi State) was a result of altercation between the military personnel at a checkpoint and the governor’s motorcade. “Investigation revealed that the crisis followed the refusal of the governor’s motorcade to stop at the military checkpoint.” This is...

  The Federal Government (FG) on Monday announced a N1 billion partnership between the Federal Ministry of Communications, Innovation and Digital Economy (FMoCDE) and IHS Towers to establish the 3 Million Technical Talent (3MTT) Learning Community. The Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, while announcing the...