Business News

Business News

NAFDAC seizes over N1.5 billion worth of fake and expired products in Lagos crackdown

"Japa"

Uzbekistan’s hike of minimum salary for foreign workers takes effect

Business News

NBC Act: FG, NBA react to Niger Governor’s shutdown of private radio station

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Business News

Business and economic news from Nigeria and around the world.

FG will do everything to prevent a recurrence of school abductions – Lai Mohammed

by William Ukpe

December 19, 2020

The FG has said it will do everything to make sure school abduction doesn't reoccur again.

Katsina abduction: Troops of Operation Hadarin Daji rescued the students – Army

by William Ukpe

December 19, 2020

The Nigerian Army says that troops of the Operation Hadarin Daji were responsible for the rescue of abducted students of...

Gas station explosion: Lagos to enforce stiffer measures on operators, blames negligence, Lagos approves 33% increase for all state pensioners, Lagos introduces Dropbox facility for land documentation, China Development Bank, Sanwo-Olu sign $629m facility to complete Lekki Deep Seaport , Lagos State Government seeks partnership with insurance operators, Bond Issue: Lagos State Government to raise N100 billion for infrastructural development, Lagos State threatens to shut down Adron, Almond, 103 other estates for lacking approval

UPDATE: Lagos shuts public, private schools indefinitely, civil servants to work remotely

by Chike Olisah

Lagos State Government has ordered the indefinite shutdown of all public and private schools in the State.

Presidency questions how many Nigerians have cars, generators, defends fuel price hike, Fraud, FG, Presidency denies building rail line from Nigeria to Niger Republic

Presidency apologizes for misleading information on Kankara abduction

by Chike Olisah

The Presidency has apologized to the nation over the release of an incorrect number of schoolboys that were abducted in...

Lagos orders removal of all unapproved street gates in the state to ease traffic, Sanwo-Olu to stop pension for former governors, deputies, #EndSARS: Judicial Panel of Inquiry and Restitution to include Lekki toll gate incident – Sanwo-Olu, Lagos approves resumption of all classes in public, private schools, Lagos takes major step towards delivery of Fourth Mainland Bridge, Lagos to construct rail line to airport terminal for international passengers, COVID-19: Lagos State to begin curfew on Sunday to disinfect metropolis, Lagos state government discharges 7 more coronavirus patients, Lagos state will reverse to full lockdown, Sanwo-Olu to virtually inaugurate projects as he presents scorecard of first year in office, Lekki regional road: Sanwo-Olu revokes land titles of Elegushi Royal family, Lagos pays N1.3 billion into the RSA of 246 retirees, Lagos State to empower 2.5 million youths in Arts and Crafts, Governor Sanwo-Olu appoints new Commissioner for Physical Planning and Urban Development

Lagos govt urges road users to embrace water transportation

by Omokolade Ajayi

The Lagos State Government has urged residents to embrace water transportation in order to decongest the roads.

BUS, Lagos to close Ilupeju, Jibowu-Yaba axis for railway project, Lagos shuts Ketu-Mile 12 section of Ikorodu road, outlines alternative routes, Motorists to pay N1000 penalty at Lekki-Ikoyi Toll Plaza

Lagos Govt says efforts to revamp state transportation will facilitate development

by Omokolade Ajayi

Dr. Frederic Oladeinde has disclosed the Strategic Transport Master Plan will improve the flow of movement in the metropolis.

AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank

Politics

COVID-19: 115 million people are likely to fall into extreme poverty in 2020 – World Bank Group

by Johnson Uche

Between 88 million and 115 million people are likely to fall back into extreme poverty as a result of the...

Ibom Deep Seaport will resolve challenges of gridlock on Apapa Wharf Road - Rep. Luke

Ibom Deep Seaport will resolve the gridlock challenges on Apapa Wharf Road – Rep. Luke

by Omokolade Ajayi

A member of the House of Reps has commended the Federal Government's approval of the Ibom Deep Seaport.

Business News

EFInA launches £2m COVID-19 fund for individuals and MSMEs in Nigeria

by Johnson Uche

A £2m COVID-19 fund has been launched by EFInA to assist individuals and MSMEs in Nigeria.

FG directs the suspension of NIMC staff involved in extortion of NIN applicants, SIM. Social media accounts monitoring, FG completes 11 projects to drive Digital Economy, FG orders NIPOST to stop cash transactions , Pantami moves to ban automatic voicemail service by telcos , Why Nigeria’s Data woes may not end soon , Pantami reacts to CBN’s ATM fee cut, keeps mute on directive to cut data cost , Pantami condemns FIRS move to collect stamp duty, MTN, Airtel, others disregarding Pantami’s voicemail, data directives on all front , FG warns State governments against RoW charge increase, FG reiterates commitment towards implementing broadband strategy ,FG reiterates commitment to 75% broadband penetration in 5 years , Pantami tasks Youth on developing creative and entrepreneurial digital skills

FG orders removal of N20 NIN retrieval charge across all networks

by William Ukpe