Tag: Nigeria Business Now

Taraba House of Reps member-elect dies

Taraba House of Reps member-elect dies The House of Representatives member-elect for Jalingo/Yorro/ Zing Federal Constituency Taraba State, Hon. Isma’ila Yushua Maihanchi, is dead. Maihanchi died in the early hours of Saturday after a brief illness at an undisclosed hospital in Abuja. An aide to the late member-elect said he[Read More…]

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Senate postpones resumption till May 2

The Senate on Friday postponed resumption of plenary till May 2, 2023. The Clerk to the Senate, Chinedu Akabueze, made this known in a statement in Abuja. The Senate on Wednesday April 5 adjourned plenary till April 25 to allow lawmakers observe Easter and Eid-El-Fitr holidays. The Clerk to the[Read More…]

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Union bank grows earnings by 19% in FY 2022

Union bank has announced a gross earnings up of 19 percent growth to ₦208.2 billion (₦175.0 billion in 2021). The bank in it’s audited financial statements for the year ended 31st December 2022 released on Wednesday said the success was driven by strong growth in Net Interest income. The growth[Read More…]

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TotalEnergies to stop gas flaring by end of 2023

TotalEnergies has announced that it will stop gas flaring at the end of 2023. The company also said it’s action plan, especially on renewable energy is fully on course. TotalEnergies made the announcement Tuesday, April 18, 2023, at the Nigeria International Energy Summit (NIES) ongoing at the International Conference Centre[Read More…]

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We are on the path of resurgence, 9mobile CEO Juergen Peschel assures Channel Partners

…Says telco has invested over N70 Billion on network modernization 9mobile, Nigeria’s innovative and customer-friendly telecommunications company, affirmed that its business is on the path of a resurgence following the enormous investments into its network operations and a strong commitment by the board and management to aggressively reclaim market share.[Read More…]

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FIRS, Customs collect N12.7trn revenue in 2022

A total N12.7 trillion revenue was generated by the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) in 2022, a 46.8 per cent increase year-on-year (YoY) from N8.7 trillion they both collected in 2021. National Bureau of Statistics (NBS) data shows government agencies, including Nigerian Upstream Petroleum[Read More…]

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Dino Melaye emerges Kogi PDP gov candidate

Senator Dino Melaye has won the Peoples Democratic Party (PDP) ticket for the Kogi State governorship election scheduled for November 11, 2023. According to the chairman of the PDP primary Election Committee, Ahmed Makarfi, the former Kogi West federal lawmaker polled 313 votes to defeat his closest rival, Jabiru Usman,[Read More…]

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INEC rejects declaration of Binani as Adamawa Governor-elect

The Independent National Electoral Commission (INEC) has waded into the drama unfolding in the Adamawa State supplementary governorship election. INEC in a statement posted on its official Twitter handle by Barr. Festus Okoye, its National Commissioner, Information & Voter Education, said the decision of the state’s Resident Electoral Commissioner (REC),[Read More…]

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