Abuja Business Reports Newspaper & Magazine

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Economy

Minister Urges Mineral-rich African Countries To Use Reserves As Equity To Avoid Impoverishing Debt Trap

The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people….

TCN Suffers Another System Sabotage, Shiroro-Katampe Transmission Line Vandalised

Less than two weeks after its Tower 70 along its 330kV Gwagwalade – Katampe Transmission line was vandalised, the Transmission Company of Nigeria (TCN) has suffered yet another vandalism of its transmission line. This time, the company reported that one…

TCN Explains Outages in FCT Despite Capacity To Supply Adequate Power

The Transmission Company of Nigeria (TCN) has stated that the current power supply situation in Abuja is not attributable to inadequate transmission capacity resulting from the Gwagwalada tower vandalism incident of 26th February, 2024. The transmission company in a statement…

Tinubu To Qatari Investors: My Administration Removing Bottlenecks, Enhancing Nigerian Economic Systems

President Bola Tinubu has assured the international business community that Nigeria is ready for serious business as his administration will deal decisively with any and all entrenched interests in the country who undermine investor confidence, pledging to remove all bottlenecks…

EFCC Chair, Olukoyede, Charges Banks’ CEOs to Play by the Rules in Fight Against Corruption

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede has called on Chief Executive Officers (CEOs) of banks across the country to always abide by extant regulations and rules in their practices as effective means…

CNPP To Tinubu: Rethink Romance With IMF, Others, Demands Sack Of Unproductive Appointees

As the Federal Government of Nigeria battle with containing rising cost of living and its resultant hardship across the country, political parties and political associations under the aegis of the Conference Of Nigeria Political Parties (CNPP) have counselled President Bola…

Informal Sector’s Pivotal Roles In Nigeria Reinforced At VDI National Meeting In Abuja

The pivotal roles of the countries informal sector in the economic development aimed at creating access to employment opportunities, stimulating income generation and fostering entrepreneurial spirit have again been undeniably reinforced. This followed some critical strategic resolutions during a recent…

Transfer of Crude Oil Proceeds To CBN Is the Way To Go – CNPP Tells Tinubu

Conference Of Nigeria Political Parties (CNPP) has described the speculated directive by President Bola Ahmed Tinubu, transferring revenue from crude oil sales to the Central Bank of Nigeria (CBN) as the way to go. Since on Monday, there has been…

Lagos Office: Finally, Date Set For Redeployed 1,500 CBN Staff Resume

No fewer than 1,500 redeployed members of staff of the Central Bank of Nigeria (CBN) will on Friday, February 3, 2024, resume at Lagos office of the apex bank. According to a report by The PUNCH, quoting a CBN source,…

CNPP, CSOs Blame Smear Campaign Against Naval Chief Ogalla On Frustrated Oil Thieves

Conference Of Nigeria Political Parties (CNPP) and over 38 Civil Society Organisations, under the umbrella of the Coalition Of National Civil Society Organisations (CNCSOs) have described online reports linking Nigeria’s Chief of Naval Staff, Rear Admiral Emmanuel Ogalla, to alleged…