Abuja Business Reports Newspaper & Magazine

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JAMES EZEMA

Nigeria’s External Reserves Decline to $36.620bn Amidst Economic Hardship

Amidst economic woes that fueled high cost of living and a recent nationwide hunger protests, Nigeria’s external reserves have decreased by 0.68% to $36.620bn as of August 12, 2024, from $36.872bn recorded on August 7, 2024, according to data from…

Tragedy Strikes Kano As Trailer Truck Destroys Power Tower, Leaving North-Western Communities In Darkness

A devastating incident occurred in Kano State on Sunday, August 11th, 2024, when a trailer truck carrying a container crashed into the base of Tower T16, a critical power transmission infrastructure owned by the Transmission Company of Nigeria (TCN). The…

Revitalizing Nigeria’s Ancient Martial Art: Dambe Warriors League Partners with Ministry of Arts and Culture for Global Recognition

In a groundbreaking move, the Dambe Warriors League (DWL) has secured a prestigious partnership with the Ministry of Arts and Culture, paving the way for the promotion and international exposure of Nigeria’s ancient martial art sport, Dambe. This collaboration is…

Eziani Community Hails Igwe Ezenma’s Repositioning Efforts, Approves Developmental Projects

The residents of Eziani Autonomous Community in Enugu State, including indigenes and non-indigenes, have unanimously commended the traditional ruler, Igwe Anthony Ndidiamaka Ezenma, for his tireless efforts in repositioning the community. The community has witnessed significant transformations since Igwe Ezenma’s…

Group Challenges NNPC Limited’s Oil Theft Claims in Niger Delta, Sends Strong Message to President Tinubu

The Movement for Sustainable Development of the Niger Delta (MSDND) has voiced concerns over the Nigerian National Petroleum Company Limited (NNPC Limited) and its managing director, Mr. Mele Kyari’s allegations of rampant oil theft in the Niger Delta, sending strong…

Multiple Suicide Attacks in Borno State Leave Many Dead, Several People Injured

A series of coordinated suicide bombings rocked Borno State, leaving at least many people dead and more than 40 injured. Reports say no fewer than 18 people died. The attacks occurred in different locations, targeting civilians who were going about…

Former Kogi State Governor Seeks Trial Venue Change in EFCC Case

Alhaji Yahaya Bello, the immediate past Governor of Kogi State, is currently facing a 19-count charge brought against him by the Economic and Financial Crimes Commission (EFCC). In a recent development, Bello’s legal team, led by Mr. Abdulwahab Mohammed, SAN,…

Nigeria Borrowed N7.71 Trillion In Q1 2024 – DMO

In a bid to clarify Nigeria’s debt status, the Debt Management Office (DMO) on Wednesday disclosed that the country’s fresh borrowing totalled about N7.71 trillion in the first quarter of 2024. The DMO explained that the fresh borrowing includes N2.81…

Nigerians React As Dangote Refinery Contains Minor Fire

The Dangote Refinery has contained a minor fire at its effluent treatment plant, the Nigeria’s privately owned company said. According to a post on its social media platforms, Dangote Industries Limited said, “We have swiftly contained a minor fire incident…

Expections,Challenges as Tinubu Names Olatunji Bello CEO of FCCPC

In a move aimed at enhancing consumer protection and promoting fair competition, President Bola Tinubu has appointed Mr. Olatunji Bello as the Chief Executive Officer (CEO) of the Federal Competition and Consumer Protection Commission (FCCPC). Ajuri Ngelale, Special Adviser to…