BUSINESS
Lagos Govt To Demolish Distressed Buildings In Alaba International Market
The Lagos State Government on Friday began the process toward the removal of distressed buildings in the Alaba International Market in Ojo Local Government of the state. The News Agency of Nigeria (NAN) reports that the enforcement team of the Lagos State Building Control Agency (LASBCA) and the Lagos State Task Force embarked on the joint exercise. The team which went...
Why There Was Huge Increase In Domestic Debt – DMO
The Debt Management Office (DMO) said on Thursday that the inclusion of the N22.719tn securitised Ways and Means advances was responsible for the increase in Nigeria’s debt stock, especially the domestic stock. There were concerns by economists and analysts over the huge Ways and Means issued by the Central Bank of Nigeria, under Godwin Emefiele, to the former administration of...
Abia Petrol Stations Shut For Over-pricing
Many filling stations in Aba, the commercial nerve centre of Abia State, have shut down due to high cost of sourcing petroleum products from third party marketers other than the Nigerian National Petroleum Corporation. Investigation reveals that some filling stations in the city that sell petrol to the people at prices between N1300 and N1350 were the ones that lifted...
Court Grants Nollywood Actress, Oluwadarasimi Omoseyi N5m bail
Oluwadarasimi Omoseyin, a Nollywood actress charged with alleged tampering and spraying of the redesigned Naira notes, was granted N5 million bail by a Federal High Court in Lagos State on Wednesday. The Economic and Financial Crimes Commission (EFCC) preferred two counts of charges against Omoseyin, who was arraigned before Justice Chukwujekwu Aneke on Monday. The charge was preoccupied with spraying and...
Presidency Disputes Adesina’s Claim On Nigeria’s GDP Per Capita
The Nigerian Presidency has pushed back against recent remarks by Dr. Akinwumi Adesina, outgoing President of the African Development Bank (AfDB), regarding the country's economic performance since independence. In a recent report, Adesina was quoted as saying that Nigerians are worse off now than in 1960, citing figures that placed Nigeria’s GDP per capita at $1,847 in 1960 compared to...
Ban On Open Grazing: Miyetti Allah Urges Northern Governors To Revive Existing Grazing Reserves
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) says the North cannot afford to ignore the recent unanimous decision of southern governors to place a ban on open grazing in their states. Responding to the Tuesday Asaba Declaration of the governors, National Secretary of MACBAN, Baba Othman Ngelzarma, said northern governors should rise up to the challenge by working...
Dubai Moves To Attract Tourists, Suspends 30% Tax On Alcohol
The government of Dubai has cancelled its 30 per cent alcohol tax in order to boost tourism in the emirate. Dubai will also suspend the personal liquor licence fees, to make acquisition of the permit free for alcohol consumers in the United Arab Emirates region. According to Arabian News, Dubai is one of the most tourist cities in the UAE and...
Global Finance 2020: Zenith Bank Emerges Best Bank In Nigeria
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period from Jan. 1 to Dec. 31, 2019. Global...
Abia Residents Carpet EEDC Over Increase In Electricity Tariff
Public power consumers in Abia State, South East Nigeria, are lamenting the latest hike in electricity tariff by the Enugu Electricity Distribution Company, EEDC. The people who described the tariff increase as unbearable, accused the energy supply company of not considering the present economic challenges facing Nigerians in its business decisions. About six months ago, the Abia State House of Assembly...
COVID-19: 8,000 Workers Sacked In Anambra State
About 8,000 staff members of a waste management company in Anambra State have lost their jobs due to the COVID-19 pandemic. This is coming as states have locked down their boundaries to stop the spread of the COVID-19. Managing Director, Redivivus Industries Ltd., Mr. Emeka Ajekwu, who disclosed this to newsmen in Awka, on Wednesday said the COVID-19 pandemic had adversely...
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-300x194.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-100x75.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")