Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Investment

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…

One Confirmed Dead, Others Trapped in Abuja Building Collapse

No fewer than one person has been confirmed dead after a three-storey building collapsed in Kubwa Satellite town, Abuja. According to earlier reports, two persons were trapped and three persons rescued after the collapse. The building, which was under construction,…

What Buhari Said As He Received BUA Group Management Team in Abuja

The Management of BUA Group, led by the Chairman, Alhaji Abdul Samad Rabiu, has visited President Muhammadu Buhari in Abuja. President Buhari on his verified Facebook page noted that “It is always heartwarming to see and learn of Nigerian companies…

ITF Boss Bemoans over 33% Unemployment Rate in Nigeria, Unveils New Strategic Policy Direction

The Industrial Training Fund (ITF) has formally unveiled their strategic policy direction for 2022 – 2025. This was disclosed in a statement issued by the Director-general/Chief Executive of the Industrial Training Fund, Sir Joseph Ari, after a media briefing in…

Unity Bank Posts N27B Gross Earnings in H1’22 Records 23% Growth in PAT

Retail lender, Unity Bank Plc has posted gross earnings of N27.6 billion for its 2022 half-year results, representing a growth of 17% year-on-year. In its unaudited half-year financials submitted to the Nigeria Exchange Group Limited, the Bank also made significant…

OMMATA Battles Opi Politicians, Petitions Nsukka Council Boss Over Planned Kangaroo Selection in Opi Market Executive Today

A plot by some politicians to hijack a market in Opi Nsukka has been bursted as a large cross section of traders and members of the Opi Market Amalgamated Traders Association (OMMATA) has petitioned the Nsukka Local Government Area Chairman,…

Major Israeli Bank Turns to Stanchion for Secure Payment Environments

Stanchion Payment Solutions, which was established in 2001, with offices in Australia, South Africa, the UK, Middle East and the USA, has successfully completed HSM migration for one of Israel’s top three banks. The bank has migrated from ARX hardware…

Northern Nigeria Flour Mills Plc Declares Dividend

Northern Nigeria Flour Mills Plc has announced a dividend payment of N0.25 kobo per 50 kobo ordinary shares for the financial year ended 31 March 2022. This dividend payment will be subject to shareholders’ approval at the Annual General Meeting…

Polaris Bank Partner Lagos State Employment Trust Fund To Launch N1b Fund To Empower Artisans in Lagos

Polaris Bank and the Lagos State Employment Trust Fund (LSETF) have partnered to provide N1 billion fund to artisans operating in Lagos state. Lagos State Employment Trust Fund (LSETF) was established by The Lagos State Employment Trust Fund Law 2016…