archiveDecember 8, 2023

The governor of Lagos State, Babajide Sanwo-Olu, says the state requires about a N7 trillion budget size to meet up with infrastructural and basic amenities in 2024. Sanwo-Olu spoke at the eighth Lagos Corporate Assembly, a business forum, tagged ‘BOS Meets with Business Community’, at the Lagos House in Alausa,...

Executive Vice Chairman (EVC) of the Nigeria Communications Commission (NCC), Dr. Aminu Maida, has said competition is key to the healthy growth of the telecoms sector. According to a press statement signed and sent to Business247 News online by Mr. Reuben Muoka, Director, Public Affairs of NCC, Maida, who spoke...

  explains why budget'll target economic recovery The Oyo State Government has given a breakdown of the N434.2billion 2024 Budget proposal presented to the State House of Assembly by the state governor, 'Seyi Makinde. According to a press statement signed and made available to Business247News online by Mr. Sulaimon Olanrewaju,...

  The Central Bank of Nigeria (CBN), on Friday, December 8, confirmed that fake naira notes were circulating nationwide, alerting the public to beware of their transactions. The apex bank raised the alarm in a statement titled, ‘Beware of Counterfeit Naira Banknotes in Circulation,’ and signed by its acting director...

The Court of Appeal in  Abuja, on Friday awarded N50 million in damages against Gov..Seyi Makinde of Oyo State, and six others for failure to pay the outstanding balance of N3,374,889,425.60 (N3.4 billion) from the N4,874,889,425.60 (N4.9 billion) debt, arising from a May 7, 2021 judgment of the Supreme Court....

Sultan of Sokoto Dr. Muhammad Sa’ad Abubakar on Friday called for justice for the victims of military airstrikes that claimed over 100 lives in Tudun Biri village in Igabi Local Government Area of Kaduna State. He emphasized the need for a thorough investigation into the incident and punishment for those...

Dangote Refinery says it has received its first one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO) in a major step towards increasing Nigeria’s local refining capacity. In a Friday statement, the Dangote Refinery explained that the cargo sailed to the facility’s Single-Point...

President Bola Tinubu says Nigeria has the requisite and sufficient manpower to spur development across all sectors of the economy. According to a statement by his spokesperson, Ajuri Ngelale, Tinubu said this while receiving a report titled, ‘Industrialisation, Energy Security, and Climate Change: Issues, Challenges and Prospects,’ submitted by the...

The presidential flagbearer of the Labour Party in the 2023 presidential elections in Nigeria, Mr. Peter Obi has lamented the exits of companies like P&G, GSK and others from the Nigerian market. The politician who took to his verified account on X to lay his complaints stated that the business...

Founder of Stanbic IBTC Bank, Atedo Peterside, has revealed cogent reasons investors are running away from Nigeria despite commitment by the President Bola Tinubu-led administration to woo them to partner with the country. This comes shortly after Procter &Gamble (P&G) announced its exit from Nigeria. P&G is the latest of...