AMCON: Banks need to study airline business before lending
The increasing number of bad loans recorded by banks in the aviation sector has been attributed to poor understanding of...
Merchants defy CBN’s directive on N50 PoS charge
Despite the directive of the Central Bank of Nigeria to merchants to stop the deduction of additional N50 on Point...
Dangote’s fortune rises by $4.3b
Africa richest man, Aliko Dangote has moved up in the world billionaires’ list, emerging the 96th richest person in the...
Accountant General queried over non-disclosure of N57bn FG grants
The Accountant General of the Federation, Alhaji Ahmed Idris, has been queried by the Auditor-General for the Federation, Mr....
Global adoption of LNG as marine fuel rises over IMO 2020
The Liquefied Natural Gas (LNG) is fast gaining strength as alternative marine fuel, as a worldwide push is on to...
MTN, CCNN, FCMB make NSE’s benchmark stocks
The Nigerian Stock Exchange (NSE) on Thursday included MTN Communications Nigeria Plc, Cement Company of Northern Nigeria (CCNN) Plc and...
ARM Announces Investment in Trove Technologies
The Asset & Resource Management Holding Company Limited (ARM) has announced that it has made an equity (investment) in Trove...
‘Potential cuts by OPEC to keep oil price above budget benchmark’
Though observers see the price of international oil benchmark Brent crude at anywhere between $59 to $70 per barrel for...
Stock Market Attracts N15.5bn Investment in 1.381bn Shares
The stock market attracted N15.504 billion worth of investment staked on 1.381 billion shares in 14,528 deals last week, up...
Lessons for Nigeria on borrowing as Rwanda finances 84% of budget
Nigeria may need to explore innovative measures of improving productivity and generating revenue beyond increased borrowing, if it hopes to...
Agusto & Co Gets New CEO as Shobo Retires after 20 Years
Agusto & Co, Nigeria’s foremost Credit Rating Agency, has announced the retirement of its Chief Executive Officer – Vivien Shobo,...
Buhari may sign Finance Bill today — Minister
She disclosed this at the public presentation and breakdown of the 2020 budget in Abuja, yesterday. Ahmed said the provisions...
Lekki-Ikoyi bridge toll goes cashless
In line with the policy thrust of Governor Sanwo-Olu Babajide on traffic management and easy movement of people and goods...
FG targets 56 per cent revenue in 2020 from non-oil sources
To demonstrate its determination to diversify the economy, and attendant revenue streams, the Federal Government hopes to generate about 56...
DPR Launches New Guidelines for Upstream Sector
The Department of Petroleum Resource (DPR) has launched its new guidelines of operations for the upstream sector of the Nigerian...
Insurance recapitalisation to cost N77b
The ongoing recapitalisation in the insurance industry will cost insurers about N77 billion, The Nation has learnt. Top industry...
Market loses gaining streak as capitalisation sheds N38b
The Nigerian equities market lost Wednesday gains at the end of yesterday’s’s transactions, following sell-pressure in high cap stocks, resulting...
Allocation to FG, states, LGs drops by N66bn
The Federation Account Allocation Committee on Wednesday allocated the sum of N635.82bn to the three tiers of government as revenue...
ZKTeco Plans Investment in Nigeria, to Establish Offices, R&D Centre
ZKTeco, one of the world leaders in biometrics technology, identity management and security applications, has said it plan to establish...
‘Compulsory housing insurance is worth over N1trillion’
Nigeria’s compulsory housing insurance policy if properly enforced can generate over N1trillion, and a call on the National insurance Commission...
Stakeholders meet over drone regulations, others
THE Nigerian Communications Commission (NCC), Office of the National Security Adviser (ONSA) and the Nigerian Civil Aviation Authority (NCAA) yesterday...
Greif Nigeria to delist from NSE …plans sale of assets
Greif Nigeria Plc, a manufacturer of steel drums and plastic containers, has revealed its plans to delist from the Nigerian...
Buhari may seek amendments to 2020 budget
The President, Major General Muhammadu Buhari (retd.), said on Tuesday that he might seek virement and amendments to the 2020...
Inflation rate rises to 19-month high at 11.85%
The National Bureau of Statistics on Tuesday released the Consumer Price Index, which measures inflation rate, with the index rising...
Report: Banks took N319b CBN loan for liquidity control
Commercial banks and merchant banks have accessed N319.28 billion loan from the Central Bank of Nigeria (CBN) to control their...
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