Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Economy

Nigerian Petroleum Marketers Cry Foul as NNPCL Sells Petrol at Higher Rate

The Nigerian National Petroleum Company Limited (NNPCL) has been accused of selling petrol to marketers at a higher rate, sparking outrage among petroleum marketers. According to Abubakar Garima, National President of the Independent Marketers Association of Nigeria (IPMAN), NNPCL sells…

West Africa Set to Host Regional Forum on Agroecology and Organic Farming

Abuja, Nigeria – From October 21 to 24, 2024, the West Africa Agroecology Alliance (3AO) and the West Africa Organic Network (WAfrONet) will convene a Regional Forum on Agroecology and Organic Farming. The event, held in partnership with ECOWAS and…

Unity Bank, CashToken Rewards Promo Produces New Millionaire

A Unity Bank customer, Mr. Amadi Chinmenem Gift Chike, has emerged as the latest winner of One Million Naira in the ongoing Cash Rewards Promo by Unity Bank Plc and CashToken Rewards Africa. CashToken Rewards Africa is a Cash-Reward-as-a-Service company…

Bauchi Governor’s Transformation Agenda: Supporters Rally Behind Senator Bala Mohammed Amid Criticism

Bauchi State Governor, Senator Bala Mohammed, has been facing intense criticism from certain quarters, but strong supporters, led by Dr. Abubakar Suleiman Akko, the Chairman of the Democracy Watch Initiative, Gombe State Chapter, has come out in his defence, giving…

N50 Million Lawsuit Filed Against Nigerian Police Chief, Stanbic Bank for Unlawful Arrest and Harassment

A lawsuit seeking N50 million in damages for human rights violations has been filed against the Inspector General of Police, Lagos State Commissioner of Police, and Stanbic IBTC Plc, among others. The plaintiffs, including Eugene Okwudili Okonkwo and family members,…

GTBank Under Scrutiny As House of Reps Launches Probe into Alleged Corruption, Money Laundering

The House of Representatives has launched an investigation into serious allegations against Guaranty Trust Holding Company Plc and its Group Chief Executive Officer, Mr. Segun Agbaje. The allegations include fictitious profit reporting, utilization of family members as fronts for illicit…

FCT Budget: Wike Commended For Rebuilding Trust, Confidence In Public Officials Under Tinubu

The Concerned Young Leaders Forum has praised the Minister of the Federal Capital Territory (FCT), Abuja, Nyesom Wike, for revitalizing trust and confidence in public officials under President Bola Tinubu’s leadership. In a statement signed by Dr. James Titus Uzah,…

BILLION NAIRA BONANZA: FG Unleashes N24.78 Billion Lifeline to 991,261 Vulnerable Households!

In a massive move to alleviate poverty and transform lives, the Federal Government has released a staggering N24.78 billion in conditional cash transfers to 991,261 households across Nigeria’s 36 states and the Federal Capital Territory. Associate Professor Badamasi Lawal, National…

Challenges, Opportunities for MSMEs As CBN Raises Interest Rate to 27.25%

In a bold move to curb inflation, the Central Bank of Nigeria (CBN) has again increased its Monetary Policy Rate (MPR) by 50 basis points to 27.25%. The CBN Governor Olayemi Cardoso announced the decision after the 297th Monetary Policy…

Niger Delta Lawyers Want Port Harcourt Refinery Operational Before End Of September As Promised By NNPCL, Mele Kyari

Lawyers from the Niger Delta region have given the Nigerian National Petroleum Company Limited (NNPCL) and its Managing Director, Mele Kyari, an ultimatum: ensure the Port Harcourt Refinery is operational before the end of September. This demand follows the refinery’s…