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The Nigerian Exchange Group Limited (NGX) has temporarily suspended the trading of GTB shares ahead of its imminent listing as a holding company, naijabusiness.com.ng can authoritatively confirm.  The recent disclosure is contained in a bulletin issued by NGX on Friday and signed by the head of listings regulation department, Godstime Iwenekhai. Naijabusiness.com.ng understands that the...
The Federal Government’s expenditure on road projects nationwide has increased from about N18 billion in 2015 to about N400 billion this year, indicating a massive rise of about 2,122% within the period under review. This disclosure was made by the honourable minister of works and housing, Mr Babatunde Fashola at...
11 Plc (formerly Mobil Oil Nigeria Plc) is in talks with Capital Hotels Plc (Owners of Sheraton), over the purchase of 51% equity stake in the latter, at a premium price of N7 per share, naijabusiness.com.ng can authoritatively confirm. The move was confirmed by the latter during its recently concluded...
Lotus Bank Limited has joined the growing list of non-interest banks in the country, after it secured a licence from the apex financial authority in the country (The Central Bank of Nigeria) to commence non-interest banking operations in the country. The recent action is borne out of the need to...
The INEC National Commissioner, Mr Festus Okoye, announced at a news briefing on the preparations for the Gwaram bye-election in Dutse on Friday that the Independent National Electoral Commission (INEC) would begin the online voter registration, via its registration portal, on June 28. According to Okoye, the INEC Voter...
The Federal Government has urged shippers nationwide to come together as key players in the nation’s economy in order to take part in policy formulation and trade negotiation at national and global level. The Executive Secretary of Nigerian Shippers Council (NSC), Hassan Bello, stated this during the Election and Inauguration...
As reactions continue to trail President Muhammadu Buhari’s declaration of support for the open grazing and insistence that the Attorney General of the Federation snd Minister of Justice Abubakar Malami, SAN, should bring out a First Republic gazette which marked out grazing routes in all parts of the country,...
The International Monetary Fund has remarked that the Nigerian economy is ‘’gradually’’ recovering from the hard-biting impact of the COVID-19 pandemic, although policymakers have to be wary of rising inflation and unemployment. This finding is contained in the recent IMF’s End-of –Mission statement issued from its headquarters in Washington, D.C....
Between March and June this year, the Economic and Financial Crimes Commission (EFCC) says it recovered over N6 billion, 30 real estates and 32 automobiles. The claims were made by the Chairman of the Commission, Abdulrasheed Bawa, during the weekly media briefing organized by the Presidential Communication Team. Addressing newsmen today...
The Director, Department of Animal Husbandry Services, Federal Ministry of Agriculture and Rural Development, Winnie Lai- Solarin, has affirmed that Nigeria has 415 grazing reserves in 21 states. According to her, only two of these 415 grazing reserves are in the South— one each in Ogun and Oyo; 141 are...