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ABUJA BUSINESS REPORTS

Runsewe Condoles With Turkey, Syria Over Recent Natural Disaster

The Director General National Council for Arts and Culture, Otunba Segun Runsewe has joined other Nigerians to condole with the Republic of Turkey and the Syrian Arab Republic over the devastating earthquake in the southern Turkish city of Gaziantep. Runsewe…

El-Rufai Counters Buhari’s Directive On Naira Note, Accuses Malami Of Misguiding President

Governor Nasir El-Rufai of Kaduna State has faulted President Muhammadu Buhari’s directive limiting the legal tender status of old notes to only N200, describing it as a total disregard of the Supreme Court on the matter. He noted that the…

Old Naira Swap Deadline: CNPP Slams APC, Discloses Why Party Is Using Supreme Court To Armt-wist CBN

The umbrella body of registered political parties and political associations in the country, Conference Of Nigeria Political Parties (CNPP) has declared the action of Governors of the All Progressives Congress (APC), “seeking to ambush the naira redesign policy of Central…

2023: Ezza South Comes Alive With New Hope As PDP Flagsoff LG Rally

On Wednesday, an atmosphere of hope was rekindled for a better representation in Ezza South, bringing standstill as Ebonyi PDP kicked off her Local government area Campaign. The rally which was massively attended by supporters of the party witnessed the…

Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests

Operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has bursted the headquarters of Sterling Bank in Abuja over hoarding of N258 million stashed in the bank’s vaults. In a tweet, the anti-graft Commission said its operatives…

$9.6bn P&ID Fraud: Nolan’s Surety May Lose N100m Bail Bond

An Igala Chief, George Kadiri, who stood surety for James Nolan, the Briton at the centre of the ongoing $9.6bn Process and Industrial Development Scam trial, has until March 7, 2023 to show cause why his N100,000,000 bail bond should…

Count SDP Out Of 2023 Elections Boycott Threat – Says Prince Adebayo

The Presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo on Monday said the party, as a major political party, is committed to contesting in the forthcoming presidential and governorship elections scheduled February and March respectively. Adewole made…

EFCC Arrests Abuja Bank Manager for Hoarding N29m New Naira Notes

An Operations Manager of a leading Commercial bank in Abuja Central Area was today, February 6, 2023, arrested by operatives of the Economic and Financial Commission, EFCC, for refusing to load the Automated Teller Machines, ATMs, of the bank despite…

Kaduna, Kogi, Zamfara Govts Drag FG To Supreme Court Over Naira Scarcity

The governments of Kaduna, Kogi, and Zamfara states have dragged the Federal government before the Supreme Court, seeking a restraining order to stop the full implementation of the naira redesign policy in view of its effects the on the residents…

SDP Presidential Candidate, Prince Adewole Promises To Raise Nigeria’s Revenue If Elected

Prince Adewole Adebayo, the candidate of the Social Democratic Party (SDP) in the forthcoming presidential election, has promised to raise Nigeria’s revenue if elected on February 25. The SDP presidential candidate said this while responding to a question on Nigeria’s…