Business Archives - Page 6 of 31 - Independent Digital News Network

Anambra, Traders Agree on Phased Remodelling of Onitsha Main Market to Ease Disruption

The Anambra State Government and traders at Onitsha Main Market have reached an agreement on a phased remodelling plan aimed at upgrading market infrastructure while minimising disruption to business activities. The approach follows weeks of negotiation and reflects the state’s effort to balance urban renewal goals with the economic realities faced by traders.

Senate Targets March 17 for Passage of ₦58.47tn 2026 Budget, Sets Tight Review Timetable

IDNN3 months ago3 months ago0

The Nigerian Senate has fixed March 17, 2026, for the final passage of the ₦58.47 trillion federal budget, unveiling an accelerated timetable for committee scrutiny, public hearings, and engagement with key economic managers. Lawmakers say the schedule is designed to balance speed with detailed oversight as fiscal pressures and reform expectations intensify.

₦58.4 Trillion 2026 Budget Second Reading Without Debate: What Nigeria’s Silence in the House Really Means

IDNN3 months ago3 months ago0

Nigeria’s House of Representatives moved the ₦58.4 trillion 2026 budget through second reading without debate, after a closed-door meeting and brief remarks by the House Leader. The bill is now with the Appropriation Committee. This deep dive explains why “no debate” matters, what scrutiny shifts to committees, and the signals it sends ahead of 2027.

₦58.4 Trillion 2026 Budget Passes Second Reading Without Debate in House

IDNN3 months ago3 months ago0

Nigeria’s House of Representatives passed the ₦58.4 trillion 2026 budget through second reading without debate, a rare legislative moment that raises questions about oversight, executive–legislative balance, and pre-2027 politics. While leaders cite macroeconomic gains, the silence on the floor is as consequential as the numbers themselves.

Zamfara Governor Dauda Lawal Receives Super Eagles Coach Eric Chelle for Sports Development Talks

Noble Onyeagoro3 months ago3 months ago0

Zamfara State Governor Dauda Lawal Dare met with Super Eagles head coach Eric Chelle on January 28, 2026, to discuss strategies for enhancing sports development in the state. The focus was on promoting youth participation in sports, with plans for a revamped sports complex and stadium nearing completion to serve as a hub for community and grassroots athletics.

UK Prosecutors Say Diezani Spent £2m at Harrods as Trial Continues

IDNN3 months ago3 months ago0

UK prosecutors have told a London court that former Nigerian oil minister Diezani Alison‑Madueke spent about £2m at luxury retailer Harrods, as proceedings in her corruption trial continued. The allegation forms part of a wider case examining the movement and use of funds prosecutors say were illicitly obtained.

FG Begins ₦4tn Power Sector Debt Settlement as Five GenCos Sign Agreements

IDNN3 months ago3 months ago0

The Federal Government has launched a ₦4 trillion power sector debt settlement programme, with five electricity generation companies signing agreements under a bond-backed framework. Officials say the move is aimed at clearing long-standing arrears, restoring liquidity across the market and unlocking fresh investment in Nigeria’s fragile electricity value chain.

Diezani Alison-Madueke Faces UK Trial Over Alleged Luxury Bribes

IDNN3 months ago3 months ago0

Former Nigerian petroleum minister Diezani Alison-Madueke is at the centre of a UK corruption trial alleging she accepted luxury bribes, including high-value properties and designer goods, in exchange for oil contracts. Prosecutors say the case exposes how global financial systems were used to move illicit wealth, reviving scrutiny of Nigeria’s oil-era corruption and cross-border accountability.

FCT Strike Fallout: Wike Confirms ₦12bn Salary Approval as NLC Warns Against ‘Scapegoating’

IDNN3 months ago3 months ago0

The fallout from the suspended FCT workers’ strike deepened on Tuesday after FCT Minister Nyesom Wike confirmed a ₦12bn salary approval, while the Nigeria Labour Congress warned against scapegoating officials. Labour leaders insisted the dispute stemmed from delayed implementation, as court-ordered mediation moves the parties back to negotiations.

JOHESU Strike: Why Health Workers Are Split Over Salary Structures

IDNN3 months ago3 months ago0

The ongoing JOHESU strike has exposed deep divisions within Nigeria’s health sector over salary structures, with the Nigerian Medical Association rejecting claims backed by NLC and TUC. At the centre of the dispute are longstanding differences between CONHESS and CONMESS pay frameworks, raising broader questions about equity, roles, and remuneration across public hospitals.