Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Year: 2021

Buhari Nominates New Minister And Others, Seeks Senate Confirmation

President Muhammadu Buhari has written to the Senate seeking the confirmation of a ministerial nominee, Muazu Sambo, from Taraba State. Senate President, Ahmad Lawan, read Buhari’s letter at the upper chamber during plenary on Tuesday, adding that President Buhari also…

OYOSUBEB Wins Merit Award as Agency of the Year

The Oyo State Universal Basic Education Board (OyoSUBEB), has been honored as the Outstanding Oyo Agency of the Year 2021 by Silverstones Communication, organizers of the Miss Oyo Beauty Pageant. According to the organizers, the award was in recognition of…

How Katsina State is Repositioning MSMEs Sector, Building Synergy

There is no doubt that Micro, Small and Medium Enterprises (MSMEs) play significant role, particularly in developing countries, where, according to available statistics, they account for about 90% of businesses and create over 50% of employment. In its 2017 National…

NNPC Records ₦141.96bn Trading Surplus

The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June 2021 compared to a deficit of ₦37.46Billion in May 2021. This is contained in the June 2021 figures of the…

N96. 4bn Debt: Jimoh Ibrahim Loses Several Assets to AMCON in Court

A Court of Appeals, sitting in Lagos, has dismissed an appeal filed by controversial business man and Chairman of Global Fleet Group, Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of…

NiDCOM Boss Applauds Alaba Over N13.3 Million To Curb Open Defecation in Nigeria

Hon Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM) has commended the efforts of David Alaba, for donating the sum of N13.3 million to curb open defecation in Nigeria. The NiDCOM Boss stated this when officials from Ecobank and theNational…

Nasarawa Governor Nominates 28-Year-Old, 14 Others As Commissioners

Nasarawa State Governor, Engineer Abdullahi Sule, has nominated a 28-year-old law graduate, Barrister Hannatu Bala Abimiku (Lafia) and 14 others as commissioners and members of the state executive council. Majority Leader of the Nasarawa State House of Assembly, Hon. Tanko…

BPE Names AEDC Interim Management As Akinwumi Emerges MD

The Bureau of Public Enterprises (BPE) on Thursday named members of the interim management team for the Abuja Electricity Distribution Company (AEDC) Plc. In a statement signed by Amina Tukur Othman, the head, Public Communications for the Bureau, declared Bada…

We’re Not Owing Any Teacher 2020 Leave Bonus ― Oyo Govt Clarifies

The Executive Chairman, Oyo State Universal Basic Education Board, Dr. Nureni Aderemi Adeniran, has said that contrary to the alleged propaganda by some groups, no teacher in Oyo State was being owed the year 2020 leave bonus. Dr. Adeniran stated…

Lifeline For SMEs In Katsina

By Ibrahim Musa Kallah Unarguably, the Small and Medium Enterprises (SMEs) are necessary keys for significant employment, income generation and poverty eradication in Nigeria and most developing economies of the world. Fundamentally, SMEs play pivotal roles in economic development and…