Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Month: July 2023

Tinubu To ‘Energise’ SMEs Sector With N125bn, Acquire 3,000 CNG-Fuelled Mass-transit Buses

President Bola Tinubu on Monday revealed his administration’s plans to “energise” the sector with N125 billion, as part of its efforts to cushion the effects of the fuel subsidy removal. This is even as the President promised to roll out…

Full Text Of President Bola Tinubu’s Address To Nigerians On Socio-economic Challenges

My fellow citizens, I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced. -Our administration…

Nestlé Nigeria Releases H1 2023 Financial Results, Rakes-in N261.8bn

Nestlé Nigeria PLC has announced a revenue of N 261.8 billion in the first half of 2023, an 17.7% increase compared to its performance in the same period of 2022. Gross profit is N 107.3 billion, an 34% increase over…

Oyo Govt. Reviews State Public Health Law, Gives Reason

The Oyo state government, on Friday, inaugurated a 20-man committee that will review its public health law, to meet current realities and solve health challenges in the state. The committee, drawn from relevant ministries, agencies, law enforcement agencies, health institutions,…

Cargo Airport: Gov Abiodun Hints On Creating 25,000 Jobs For Youths

…Targets Conversion Of 2000 Diesel/Petrol Buses To CNG Governor Dapo Abiodun of Ogun State has given a hint on how the Gateway International Agro-Cargo Airport project, when completed, would create jobs for about 25,000 unemployed youths in the state. This…

Nigeria To Support Google To Create 1m Digital Jobs

The Federal Government of Nigeria is to support global tech giant, Google Incorporated, to create one million digital jobs in the country. This commitment was made by President Bola Tinubu in a statement signed by the his Special Adviser on…

Annual Return Default: CAC Set To Delist 100,000 Companies

The Corporate Affairs Commission (CAC) has said it will remove first batch of 100,000 registered companies from its database soon. During a training on ‘Use of the beneficial ownership register’, in Lagos, the Registrar-General and Chief Executive Officer, CAC, Alhaji…

Declare State Of Emergency in Industrial Sector – Kallah Urges Tinubu

The Katsina State Coordinator of the Jagaban Vision Movement, Ibrahim Musa Kallah, has called on President Bola Ahmed Tinubu (PBAT) to declared a state of emergency in the nation’s industrial sector. Kallah, who spoke with our correspondent at the weekend,…

DSS Invites, Grills Kogi APC Governorship Candidate For Hours

Alhaji Ododo Ahmed Usman, the the governorship candidate of the All Progressive Congress (APC) in Kogi State on Saturday was invited by the Department of State Security Service (DSS) to answer questions regarding a petition against him by some members…

Nnamdi Kanu’s Family, Simon Ekpa, React To Handwritten Letter Ending Sit-At-Home

The family of the leader of Indigenous People of Biafra (IPOB), Nnamdi Kanu, has confirmed that the handwritten letter displayed by Kanu’s Special Counsel, Aloy Ejimakor, ending Sit-At-Home in the south East was actually written by Nnamdi Kanu. However, the…