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Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, has reaffirmed Lagos as the beating heart of Nigeria’s economy, stressing that despite Abuja being the Federal Capital Territory, Lagos continues to drive the economic strength of the nation. Obasa made this statement on Thursday when he received the new leadership of the Lagos Chamber of Commerce …

The Bureau of Public Procurement (BPP) says an e-procurement system is underway in the country. The Director General of BPP, Dr Adebowale Adedokun, disclosed this on Wednesday in Abuja, when a delegation of the News Agency of Nigeria (NAN) paid a courtesy visit to his office. Zulum provides $1 billion in transportation support and distributes 500 electric tricycles to cyclists …

Investors in the Nigerian equity market earned N1.66 trillion at the close of trading on Thursday. This follows a surge in the prices of shares such as Guinea Insurance, Trans Express and Aradel, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 211,901.01 points from 209,317.41 points the previous day. After five hours of …

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An Economic and Financial Crimes Commission (EFCC) witness, John Ibrahim, on Thursday told the Federal High Court, Abuja, how over N4.6 billion was allegedly diverted from the Bauchi State government coffers. Ibrahim, an EFCC investigator, is the first prosecution witness in the ongoing trial of Bauchi State Commissioner for Finance, Yakubu Adamu. The witness who was given evidence by the …