Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Law And Order

Matawalle Urges Security Agencies To Maintain Law And Order In Osun State

Nigeria’s Minister of State for Defence, H.E. Dr. Bello Mohammad Matawalle MON, has unequivocally expressed his concern on the recent incidents in the local government councils in Osun State. In the light of this significant development, according to a statement…

Nigerian Electricity Regulator Moves to End Power Theft, Spells Out Penalties

In a bold move to curb illegal access to electricity supply in the country, the Nigerian Electricity Regulatory Commission (NERC) has increased the penalty for customers tampering or bypassing their electricity meters. The industry regulator ordered a publication stating that…

Tragedy Strikes in Abuja as Two Hostages Killed Over Ransom Delay

In a heartbreaking turn of events, kidnappers have reportedly shot dead two captives, Mohammed Danladi and Nasiru Yusuf, in Gwargwada, Kuje Area Council of Nigeria’s Federal Capital Territory (FCT), Abuja, due to a delay in ransom payment. According to a…

Matawalle Cautions Lawal, Affirms Northern Nigeria’s Unwavering Support For President Tinubu, Highlights Significant Reforms in the North

Nigeria’s Minister of State for Defence, H.E. Dr. Bello Muhammed Matawalle MON, has categorically refuted the recent comments by Dr. Babachir Lawal regarding the 2027 Presidential ambitions of President Bola Ahmed Tinubu. Matawalle emphasized that President Tinubu has made commendable…

Mike Ozekhome Writes IGP As Enugu Police Command Faces Extortion Allegations in N62 Million Scandal, Makes Demands

The Enugu State Police Command is under increasing scrutiny following allegations of extorting N62 million from businessman Mr Olu Agwu by the state’s anti-kidnapping unit. The situation has escalated with the involvement of Police Commissioner Mr. Kanayo Uzuegbu now being…

Minister Matawalle Calls For Assertiveness On Global Stage Following Visa Denial By Canada

Nigeria’s Minister of State for Defence, H.E. Dr. Bello Muhammed Matawalle MON, has issued a resolute call for Nigeria to assert its position on the global stage in the light of recent diplomatic incident involving the denial of visas to…

General Hydrocarbons Limited Sets Record Straight in First Bank’s $225 Million Loan Claim

General Hydrocarbons Limited (GHL) has disputed First Bank of Nigeria’s (FBN) claim of a $225 million loan, stating that the relationship between the two companies is a project finance agreement, not a normal commercial loan. According to a press statement…

Evolving Security Challenges: President Tinubu Directs Armed Forces, Security And Intelligence Agencies To Harmonize Operations

President Bola Ahmed Tinubu has directed the Armed Forces, Security and Intelligent Agencies to harmonize their operations and adopt a whole of society approach in combating evolving Security challenges. Mr. President underscored the critical importance of joint security operational effectiveness…

Matawalle Warns Amaechi of Consequences of Inciting Violence

Nigeria’s Minister of State for Defence, H.E Dr. Bello Muhammed Matawalle, has condemned former Minister of Transportation, Rotimi Amaechi, for inciting violence and unrest among Nigerians. Amaechi’s remarks, made at a recent conference in Abuja, suggested that politicians must “steal,…

Suppression of Facts: GHL Floors First Bank in Court as Judge Sets Aside Freezing Orders

In a landmark victory for General Hydrocarbons Limited,  the Federal High Court in Lagos has set aside an order of Mareva injunction freezing  the assets of the company and its directors. The court, while upholding the arguments of GHL’s counsel,…