Abuja Business Reports Newspaper & Magazine

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Investment

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….

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 Arrests Pastor Founder Of Theobarth Over N1.3bn Fake Grants, Money Laundering

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested the founder of the Theobarth Global Foundation and the General Overseer of Faith On The Rock Ministry International, Apostle Theophilus Oloche Ebonyi, for defrauding church members and other Nigerians…

Press Release: Again, Vandals Cause Collapse Of Tower T388 Along Jos-Bauchi 132KV Transmission Line

The Transmission Company of Nigeria (TCN) hereby states that its tower number 388 along the Jos-Bauchi, 132kV Single Circuit transmission line was vandalised, resulting in its collapse. The incident, suspected to have occurred on the first of February, 2024, at…

Pi Network Launches Pi Commerce Hackathon

On the heels of a successful PiFest event in December 2023, where thousands of Pioneers participated from 155 countries, it became evident that the Pi community, both merchants and customers, is enthusiastic to engage in Pi transactions within their communities,…

Oil Marketers Demand 3-month Emergency Palliatives, Others To Remain in Business

Petroleum industry players led by the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Thursday urged President Bola Ahmed Tinubu led Federal Government of Nigeria to urgently provides emergency palliative measures to oil marketers for the next three…

Zeru Gebrelibanos, Other Africans Bag Honourary Doctorate Degrees At 2nd AASU/Weldios University Symposium In Abuja

The CEO of Zeru Business Group, Ethiopia, Dr. Zeru Gebrelibanos has bagged PhD Honoraris Causa in Philanthropy & Human Investments in recognition of his investment innovations in business and humanitarianism. The Management of Weldios University of Management and Technology, Benin…

NOGASA Raises Alarm Over Incessant Increases In Prices Of Diesel In Market

The Natural Oil and Gas Suppliers’ Association of Nigeria (NOGASA) has raised alarm on the incessant increases in the price of AGO in the market. The National President of NOGASA, Benneth Korie, who made this known in a press Statement…

Nestlé Nigeria Releases H1 2023 Financial Results, Rakes-in N261.8bn

Nestlé Nigeria PLC has announced a revenue of N 261.8 billion in the first half of 2023, an 17.7% increase compared to its performance in the same period of 2022. Gross profit is N 107.3 billion, an 34% increase over…

Aba Market Fire Destroys Goods, Cash

Goods worth millions of naira and cash were destroyed in a night fire incident at Powerline Market, Aba, Abia State. The fire, according to a resident of the area, began like smoke in one area of the market at about…