Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Economy

Buhari Presents N20.5tr Budget Amid Troubled Economy

As Nigeria’s economy continues to struggle, President Muhammadu Buhari on Friday presented the 2023 Budget to the joint session of the National Assembly. According to the President, the 2023 Appropriation Bill was prepared amidst a very challenging world economy that…

Lagos Govt Officials in Concert With Land Grabbers Demolish Ikota Market As Traders Count Losses

Members of the Ikota Traders Association are protesting what they described as the ‘unlawful’ demolition of their business premises by officials of the Lagos State Ministry of the Environment. On September 15, the officials of the Environment Ministry led by…

Bangladesh-China Bilateral Trade Overshoots $25b

Bilateral trade between Bangladesh and China has crossed US$25 billion, the Chinese Ambassador Bangladesh, Li Jiming has said. He noted that the economic cooperation between the two countries is “most eye-catching”, revealing that China has granted 98 percent duty-free treatment…

$265m To Foreign Airlines: CNPP Commends CBN For Intervention To Avert Total Shutdown

Conference Of Nigeria Political Parties (CNPP) has hailed the Central Bank of Nigeria (CBN) for its release of $265 million to foreign airlines operating in the country for the remittance of part of their revenues trapped in the country. Recall…

WEEF Conference 2022 Empowers Women With Life Skills

Women have the gift of nurturing and multiplication, says the founder of WiCare Lekota Foundation, Diane Kalu, during the Wicare Entrepreneurship Empowerment Forum (WEEF) 2022 held in Lagos on August 12. WEEF focuses on empowering, enlightening and rehabilitating women in…

WAPP To Create Liquidity Enhancement Fund As Chairman Lauds Financial Transparency

The West African Power Pool (WAPP), is planning to create a Liquidity Enhancement Revolving Fund, LERF, for the ECOWAS Regional Electricity Market. Chairman, Executive Board of WAPP, Engr. Dr. Sule Ahmed Abdulaziz, stated this at the weekend, during the 54th…

Senate Summons CBN Governor Emefiele Amid Naira Free Fall

The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, to educate and inform senators in a closed session on the reasons for the rapid depreciation of the value of the naira…

N400bn Approved For Poverty Reduction, Osinbajo-led Committee

The National Poverty Reduction and Growth Strategy (NPRGS) says N400 billion has been approved for various poverty reduction schemes in 2022. Gov. Abdullahi Sule of Nasarawa spoke with State House correspondents after a meeting of the National Steering Committee of…

CNG Tackles Vice President Yemi Osinbajo Over Planned Privatisation Of Ihovbor, Olorunsogo, Omotosho And Geregu Power Plants

The Coalition of Northern Groups (CNG) has said that it is alarmed by the over insistence of Vice President, Prof. Yemi Osinbajo, on pushing the plan by the National Council on Privatisation (NCP) and Bureau of Public Enterprise (BPE) to…

Proper Implementation Of Executive Order 5 Panacea For Nigerian Economic Resuscitation – NMDC DG

The Director General of the National Metallurgical Development Centre, NMDC, Prof. Linus Asuquo has spoken on the need for collaboration among government agencies in order to realize the objectives of the Presidential Executive Order 5. Professor Asuquo made this disclosure…