Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Economy

Electric Car Sales Gain Pace Despite Hurdles

The electrification of the car industry is gathering pace, particularly in Europe, where the sale of new cars running on petrol and diesel will end in 2035. But challenges remain around their production, affordability and whether enough infrastructure can be…

NBA Dialogue: SDP Presidential Candidate Prince Adewole Adebayo Harps On Security, Economy 

The Social Democratic Party (SDP) presidential candidate, Prince Adewole Adebayo has promised to put the right system in place to tackle insecurity if elected into office.  Speaking at the Nigerian Bar Association State of The Nation Dialogue on Security, Economy…

CNPP Commends Buhari On Old Naira Swap Extension, Wants Banks Hoarding New Notes Sanctioned

Conference Of Nigeria Political Parties (CNPP) has commended President Muhammadu Buhari for approving a 10-day extension of the deadline for the swapping of old currency to the newly redesigned Naira notes. The Governor of the Central Bank of Nigeria (CBN),…

Buhari Approves 10-day Extension of Old Naira Swap

President Muhammadu Buhari on Sunday in Daura, Katsina State, approved a 10-day extension of the deadline for the swapping of currency to new notes. The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of Nigeria…

How Cooking Gas Price Increased By 27% In One Year – NBS

Amid increasing cost of living in Nigeria, the National Bureau of Statistics (NBS), has revealed that the average price of 5kg of cooking gas increased from N3,594.81 in December 2021 to N4,565.56 in December 2022. This is contained in the…

CBN, NIBSS Launch ‘AfriGo’, Nigeria’s First National Domestic Card Scheme

The Central Bank of Nigeria (CBN) says it has collaborated with the Nigerian Inter-Bank Settlement Systems (NIBSS) to launch the National Domestic Card Scheme, ‘AfriGo’, to transform the Nigerian payment system. The Governor of the CBN, Godwin Emefiele, made this…

CNPP Commends Buhari On Anti-Fuel Scarcity Committee, Says Corrupt, Inept NNPC Leadership Responsible

Amid controversies surrounding the ongoing fuel scarcity in the country, the umbrella body of all registered political parties and political associations in Nigeria, the Conference Of Nigeria Political Parties (CNPP) has commended the move by President Muhammadu Buhari to end…

Expected Benefits As Buhari Inaugurates $1.5bn Deep Sea Port Amid Ailing Economy

Nigerian President Muhammadu Buhari has marked the opening of a $1.5 billion, Chinese-funded deep seaport in the commercial hub of Lagos that authorities hope will help grow the West African nation’s ailing economy. The Lekki Deep Sea Port is one…

Oil Producing Status: Incoming Governor Has No Excuse Not To Outperform Ugwuanyi – Save Enugu Group

….Commends Governor Ugwuanyi On the Legacy Achievement The foremost sociopolitical pressure organisation, the Save Enugu Group (SEG) has said that whoever emerges as the next Governor of Enugu State cannot have any excuse not to perform better than Governor Ifeanyi…

How I Will Wipe Out Nigeria’s N77trn Debt In Three Years, Harness Taxes from 30m Additional Jobs – SDP’s Adebayo

The Presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo has said that he was not afraid of inheriting the N77 trillion debt which would be left for his administration by May 29, at the handover ceremony after…