Business

MTN names Ikenna Ikeme as new regulatory affairs

  • 27th August 2026

Tinubu charges NLNG to harness gas reserves for

  • 27th August 2026

Okin Biscuits resumes production after 17 years of

  • 27th August 2026

Mutual Benefits Assurance declares ₦802.46m dividend for 2025

  • 26th August 2026

Contact Info

Some Populer Post

Umahi orders arrest of Hartland MD over uncompleted ₦14bn

Policy and Regulations

Police shut Rivers hotel over man’s suspicious death

News

FG inaugurates committee to boost Nigeria’s fish production

Maritime

Navy seizes 500 litres of suspected illegal AGO, cannabis

News

Blog

CBN opens eNaira to USSD transaction
News

CBN opens eNaira to USSD transaction

Beginning next week, Nigerians will be able to access eNaira through the Unstructured Supplementary Service Data code on their mobile phones, the Central Bank of Nigeria has said. This was disclosed by the apex bank’s Governor, Godwin Emefiele, at the Grand Finale of the 2022 eNaira Hackathon in Abuja on Thursday. Emefiele revealed that Nigerians can […]

Emirates to resume Nigerian flights Sept 11
Aviation

Emirates suspends Nigerian flights over trapped revenue

Emirates Airlines has suspended all flights in and out of Nigeria effective from September 1, 2022. The United Arab Emirates airline disclosed this in a statement issued on Thursday morning, citing the airline’s inability to repatriate its trapped ticket sales fund in Nigeria. This comes about a week after the airline cut its 11 weekly […]

Electricity customers paid N210.17b in three months - NERC
Electricity

Electricity workers suspend indefinite strike

Less than 24 hours after embarking on a nationwide strike, the electricity workers under the joint umbrella of the National Union of Electricity Employees and Senior Staff Association of Electricity and Allied Companies have suspended their industrial action for two weeks. AMBusiness reported that a blackout was experienced across the country after the striking workers […]

  • enitan
  • 17th August 2022
  • 0 Comments
  • 401 Views
Power generation dropped 43mw after worker's strike - FG
Electricity

Blackout as electricity union shuts power stations

The National Union of Electricity Employees on Wednesday shut down major power stations over “contravention of workers’ conditions and default on the payment of entitlement by the Transmission Company of Nigeria.” NUEE had on Tuesday threatened to embark on a nationwide strike but the minister of state for power, Goddy Jedy-Agba appealed to the union […]

FBN Holdings appoints new executive directors
Banking

FBN Holdings appoints new executive directors

First Bank of Nigeria Holdings Plc has announced the appointment of two new executive directors. Samson Oyewale Ariyibi and Patrick Iyamabo were appointed as new executive directors of the company, according to Nairametrics. Also, according to a statement signed by Adewale Arogundade, the company’s acting secretary, Ariyibi will serve as the Executive Director, Investment Management […]

Auction abandoned containers at seaports, NPA urges Customs
Ports and Airports

Nigeria to benefit from UK’s new trade scheme

The United Kingdom is set to introduce a new trading scheme that will benefit Nigeria, and other African countries amid the global recession. The PUNCH quoting Uk’s International Trade Secretary Anne-Marie Trevelyan reported that the UK will cut price tariffs on hundreds of everyday products exported into the country from 2023. A wide variety of […]

  • enitan
  • 17th August 2022
  • 0 Comments
  • 382 Views
News

Traders stranded as Nigeria, Benin link-bridge collapse

The bridge between Nigeria and the Republic of Benin collapsed on Monday, halting international trade between the two nations. The bridge was located in Chikanda, in the Baruten Local Government Area of Kwara State. According to The PUNCH, the bridge fell following a rainstorm that began last Sunday and lasted until Monday. Reported also indicated […]

Nigerians bought petrol N191.65 per litre September- NBS
Oil and Gas

FG spent N1.593tn on fuel subsidy in six months – Report

The Federal Government spent a total of N1.593 trillion on subsidy of Premium Motor Spirit, often known as petrol over a six-month period between January and June 2022. This was discovered in recent data on the subject cited by The PUNCH. It was also learned that the Nigerian National Petroleum Company Limited invested N54.66bn in […]

Oil theft: More illegal pipelines uncovered in Delta
Oil and Gas

Shell discharges five oil barrels into Ogoni

After an operation failure, the Shell Petroleum Development Company discharged five barrels of crude oil into the Bodo community in the Gokana Local Government Area of Rivers State. The spillage which was said to be 98 per cent water was confirmed by a report of a Joint Investigation Visit. According to The PUNCH, the report […]

Power generation dropped 43mw after worker's strike - FG
Electricity

Power intervention fund hits N2.9trn

The Federal Government’s intervention fund for electricity distribution companies has increased to N2.9 trillion. According to The PUNCH, the fund which moved from N2 trillion in May of this year represents a 45% increase over the period. By estimation, the N2.9trn is the total funding extended to the sector since privatisation in 2013. The Director-General, […]

inflation
Economy

Nigeria’s inflation hits 19.64%

Nigeria’s inflation rate hit a 17-year high of 19.64 per cent in July just a month after surging to 18.6 per cent recorded in June 2022. This was disclosed in a Consumer Price Index report for the month of July 2022 according to the National Bureau of Statistics. Food inflated to 22.02% from the 20.6% […]

FG to end fuel subsidy in 2023 - Minister
Oil and Gas

Oil theft threatens Nigeria’s N9tn revenue – FG

The Federal Government has blamed pipeline vandalism, crude oil theft and high petrol subsidy cost, as it risks missing its N9.37tn oil and gas revenue target for the year. This was disclosed in the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper recently presented by the Minister of Finance, Budget and National Planning, Dr […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in