Business

The Osun State Governor, Senator Ademola Adeleke, has commenced the payment of salaries to workers in the state. The was contained in a statement shared on Adeleke’s verified Twitter account on Monday, signed by his spokesperson, Mallam Olawale Rasheed. Adeleke also noted that “any Ministry, Department or Agency that fails …

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has shed light on the crisis rocking the disbursement of funds from the Federal Government and how such funds were being managed between states and their local government authorities. Atiku said the problem began while he was serving as the …

The Securities and Exchange Commission has said from the perspective of capital market development, the development of a liquid government bonds market would have a positive effect on the economy. Director General of the SEC Mr. Lamido Yuguda stated this during the Annual Conference of the Capital Market Correspondents Association …

The Manufacturers Association of Nigeria has expressed concern that the slow growth in the economy is hindering the prospect of establishing a strong fiscal space and buoyant foreign reserve. In a statement made available, the association claimed that despite the higher oil prices as well as the improvement in terms …

The Federal Government has ordered banks and telecommunication companies to conduct environmental audits in their various domains to safeguard the environment and reduce toxic waste from the organisations. It said toxic waste from the affected organisations had been on the increase, and that a meeting was held in Lagos earlier this …

he Presidency on Friday revealed that nine oil-producing states received N625.43bn 13 percent oil derivation, subsidy, and SURE-P refunds from the Federation Account in two years. “The states that received the refunds dating from 1999 to 2021 are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers,” a …

 The Director-General of the National Automotive Design and Development Council, NADDC, Jelani Aliyu, has reiterated the need for Africa to embrace Electric Vehicles, saying that the continent can not advance at a fast pace using fossil fuel alone. Aliyu stated this on Wednesday while delivering a speech on ‘Why E-Mobility …

The Nigerian National Petroleum Company Ltd has said that the Port-Harcourt Refinery is 50 per cent complete and will begin operation by the end of the first quarter of 2023. The Chief Finance Officer of the Company, Umar Ajiya made the revelation on Wednesday during an interview on Arise Newsnight. …

A total of 625 Companies with cumulative investments of $26bn are currently operating in the 46 Free Trade Zones that are currently being managed by the Nigerian Export Processing Zones Authority. The Chief Executive Officer of the NEPZA, Prof. Adesoji Adesugba disclosed this at the 30th anniversary of the Nigerian …

The Securities and Exchange Commission has assured the investing public that it will continue to deploy its enforcement mechanisms including collaboration with other relevant government agencies and stakeholders in its bid to curtail the activities of Ponzi schemes. This assurance was given by the Executive Commissioner Operations, Securities and Exchange …