Category: Business news

buhari other ecowas leaders to meet on single currency december 21st 240x165 - Buhari, Other ECOWAS Leaders To Meet On Single Currency December 21st

Buhari, Other ECOWAS Leaders To Meet On Single Currency December 21st

Presidents of the Economic Community of West African States (ECOWAS) have agreed to meet on the twenty-first of December 2019 to consider recommendations on the proposed single currency regime for the sub-region. Naija News understands this was made known at the end of the meeting of Ministerial Committee of Ministers of Finances and Governors of […]

google parent alphabet joins the 1 trillion club 240x169 - Google Parent Alphabet Joins The $1 trillion club

Google Parent Alphabet Joins The $1 trillion club

Today, Google’s parent company Alphabet has done something that very few U.S. companies have done: a $ 1 trillion valuation on the U.S. stock market (via the Wall Street Journal). Alphabet oversees all of Google’s related properties, including DeepMind, Verily, Wyze, and more. The new assessment marks a good start for the new year with regard […]

president buhari appoints new firs chairman 240x156 - President Buhari Appoints New FIRS Chairman

President Buhari Appoints New FIRS Chairman

President Muhammadu Buhari has appointed Muhammad M. Nami as the new chairman of the Federal Inland Revenue Service (FIRS). Naija News reports that Nami’s appointment was disclosed in a statement issued on Monday after by Garba Shehu, the Senior Special Adviser on Media and Publicity to the President. This online news platform understands that Nami […]

dmo reveals how much nigeria owes foreign countries 240x180 - DMO Reveals How Much Nigeria Owes Foreign Countries

DMO Reveals How Much Nigeria Owes Foreign Countries

The Debt Management Office (DMO) has attributed the ever-increasing external debt to excessive borrowings habit of successive governments for many years. Naija News understands that the DMO made this known in a statement released in Abuja on Tuesday. It said that it was not appropriate to attribute the Public Debt Stock to any particular administration. […]

abdulrahman abdulrazaq promises to open new market 240x169 - Abdulrahman Abdulrazaq Promises To Open New Market

Abdulrahman Abdulrazaq Promises To Open New Market

The Kwara State Governor AbdulRahman AbdulRazaq and Minister of Industry, Trade, and Investment Adeniyi Adebayo on Thursday travelled round the BUA sugar refinery and plantation in Lafiagi, Kwara State, The governor then assured the state was to open to business. The Africa richest man Aliko Dangote, Chairman of the BUA conglomerate Abdulsamad Rabiu and other […]

cbn appeals to cotton farmer over anchor borrowers n5 2bn loan 240x127 - CBN Appeals To Cotton Farmer Over Anchor Borrower’s N5.2bn Loan

CBN Appeals To Cotton Farmer Over Anchor Borrower’s N5.2bn Loan

The Central Bank of Nigeria (CBN) has asked the members of the National Cotton Association of Nigeria, Kano chapter, that participated in the government’s Anchor Borrower Programme to refund the loans. Naija News Understands that Branch Controller, CBN, Ali Abdulkadir, disclosed that the 30,000 cotton farmers, who enjoyed the loan facility, should not delay in […]

just in nnpc declares n5 20b trading profit 240x180 - Just In-NNPC Declares N5.20b Trading Profit

Just In-NNPC Declares N5.20b Trading Profit

The Nigerian National Petroleum Corporation (NNPC) has recorded  ₦5.20billion trading benefit surplus for the month of August, reflecting an increase of 22 per cent compared with the ₦4.26 billion surpluses posted in July. Naija News learnt that the corporation disclosed this in its Monthly Financial and Operations Report (MFOR) for the month of August released […]

president buhari set to sign 2020 budget on tuesday 240x156 - President Buhari Set To Sign 2020 Budget On Tuesday

President Buhari Set To Sign 2020 Budget On Tuesday

President Muhammadu Buhari will on Tuesday sign the 2020 Appropriation billon Tuesday barring any last-minute change. President Buhari had invited leaders of the National Assembly to the Presidential Villa for the budget-signing ceremony. A top source told The Punch that Senate President Ahmed Lawan, Speaker Femi Gbajabiamila among others, had been invited to witness the signing […]

nigerias inflation rates rises to 11 85 in november 240x180 - Nigeria’s Inflation Rates Rises To 11.85% In November

Nigeria’s Inflation Rates Rises To 11.85% In November

The consumer price index, (CPI) which measures inflation increased by 11.85 percent (year-on-year) in November 2019. This is 0.24 percent points higher than the rate recorded in October 2019 (11.61) percent. Naija News learnt that the National Bureau of Statistics (NBS)made this known  in its CPI and Inflation Report November 2019, increases were recorded in […]

nigerias pension fund assets hit n9 81 trillion pencom 240x169 - Nigeria’s Pension Fund Assets Hit N9.81 Trillion — PenCom

Nigeria’s Pension Fund Assets Hit N9.81 Trillion — PenCom

Nigeria’s pension asset grew by N228 billion in October 2019 to end the month with an asset value of N9.81 trillion, according to the latest data from the Pension Commission of Nigeria. According to analysis by Quantitative Financial Analytics Ltd. By the end of 2018, pension fund assets stood at N8.6 trillion, but that has […]