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Business & Economy

242 posts in this category.

Nb Inaugurates N5bn New Automated Facility In Ogun

The Nigerian Breweries (NB) Plc has inaugurated a multi-billion naira ultra-modern automated Polyethylene Terephthalate PET) line at Ijebu Ode, Ogun State. The facility was built to further deepen availability of the brewer’s non-alcoholic product portfolio.The facility which is located along the outskirt of the city was a fresh investment amounting to N5 billion and will…

Banks’ Non-performing Loans Now N1.17tn – Nbs

Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures from the National Bureau of Statistics have shown. According to figures obtained from the NBS’ latest Selected Banking Sector Data Report on Sunday, the total amount of non-performing loans in Nigerian banks fell from N1.21tn at the end of the…

Nigeria’s Debt Getting Out Of Control, Says El-rufai

Nigeria’s debt is getting out of control and the country has to do something about it, the Governor of Kaduna State, Nasir El-Rufai, said on Thursday. He said the country’s domestic debt was getting to its debt ceiling as far as liquidity was concerned, adding that there was no need to pretend that Nigeria’s debt-to-Gross…

Ministry To Associate With Agencies On Skills Development For Industrial Growth

Ogun State Ministry of Industry, Trade and Investment says it will partner the Ministry of Education, Science and Technology and other vocational training agencies, to ensure more youths acquire relevant skills needed for the industrial growth of the State. Commissioner in the Ministry, Mrs. Kikelomo Longe made this known during a policy development programme with…

Stakeholders Disagree With Telcos Over Suspension Of Sim Registration

Nigerians have expressed diverse views on the directive given by the Nigerian Communications Commissions on the suspension of new SIM sales and registration. While mobile network operators have pledged to comply with the directive, some stakeholders have said the regulator did not consider its impact on small businesses involved in SIM registration and new businesses…

Buhari Mulls Reopening Of Borders

President Muhammadu Buhari on Tuesday told 36 governors that the Federal Government was looking into reopening the nation’s borders ‘as soon as possible’. He charged them to work more with traditional rulers and community members to improve local intelligence gathering that will aid the work of security agencies. Buhari on his official twitter handle @MBuhari…

Pension Contributors Withdraw N14.79bn As Job Losses Rise

About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn from their Retirement Savings Accounts in 10 months Records from the National Pension Commission have revealed that more job losers have continued to approach their Pension Funds Administrators to access parts of the funds in…

Ogun Assigns N6b To Youth Empowerment

Ogun State Government has raised the sum of N6B for youth empowerment in the 2021 appropriation bill.            Governor Prince Dapo Abiodun confirmed this during the presentation of the bill christened; ‘Budget of Recovery and Sustainability’, to members of the State House of Assembly, at the House of Assembly Complex, Oke-Mosan, Abeokuta.           The amount budgeted…

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