Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

ABUJA BUSINESS REPORTS

(Full List) CBN Revokes Licences Of Microfinance Banks, Financial Institutions

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of the…

Corruption In EFCC: More Trouble For Bawa As North Central Citizens Demand Thorough Investigation Into Allegations

The North Central Citizens Council has noted that the main purpose of the establishment of the Economic and Financial Crimes Commission as a law enforcement agency that investigates financial crimes, has been eroded “under the inept leadership of Abdulrasheed Bawa.”…

Group Demands Arrest Of LP Vice-Presidential Candidate, Datti Baba-Ahmed, Over Incitement

The Coalition of Civil Society Groups for Peace, Security, Good Governance, Equity and Justice has warned the Vice-Presidential candidate of Labour Party (LP), Yusuf Datti Baba-Ahmed against inciting the public against the government, urging security agencies to arrest him. The…

Oba Agbede Commends NCAC DG Otunba Runsewe on Developmental Strides In Culture, Tourism Sectors

His Royal Majesty Alayeluwa Oba (Dr) Francis Adefarakanmi Agbede (OFR) the Ilufemiloye, Ogidi III has commended the Director General (DG) of the National Council for Arts and Culture (NCAC), Otunba Segun Runsewe on his developmental strides in the Culture and…

How Egypt Ordered Nigerian Students Back To Sudan Over Unruly Conduct, Two May Face Trial

Over 500 Nigerian students who fled to Egypt from Sudan have been ordered back to the crisis-ridden country while two of them are to face legal action. This is as a result of alleged misconduct of two students who reportedly…

Northern Elders Forum Congratulates New President-General of Ohanaeze-Ndigbo Chief Iwuanyanwu

Northern Elders Forum has congratulated Chief Emmanuel Iwuanyanwu, CFR, on his emergence as the President-General of Ohanaeze Ndigbo Worldwide. The Forum in a statement signed by its Director, Publicity and Advocacy, Dr Hakeem Baba-Ahmed, OON, noted that he steps into…

16 Months’ Severance Pay: FG To Verify PHCN Ex-Staff

Nigeria’s Bureau of Public Enterprises (BPE) has announced readiness to commence a verification exercise for the payment of the agreed 16-month severance benefits to the bonafide ex-staff of the defunct Power Holding Company of Nigeria (PHCN). BPE said in a…

Adamawa: Why I Declared APC Governorship Candidate Winner —Suspended Adamawa REC Writes IGP

The suspended Independent National Electoral Commission (INEC) Resident Electoral Commissioner (REC) for Adamawa State, Hudu Yunusa Ari, a lawyer, has explained his action in announcing the final results of the April 15 supplementary election in the state, in which he…

Bandits Kill Two Abducted Victims In Zamfara, Release 70 Others

Bandits have released 70 out of 85 victims abducted from Wanzamai village of Tsafe Local Government Area of Zamfara state, Daily Trust gathered. The victims were kidnapped three weeks ago on farmlands. They are mostly residents of Wanzamai, a community…

Bet9ja Woes: Court Convicts Mother, Son for False Information

The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC has secured a conviction of one Oluwayemisi Samuel and her Son, Joshua Samuel, before Justice A.A Bello of the Kaduna State High Court on separate one count charge…