Nigeria falls short of economic growth expectation – IMF
The International Monetary Fund has said oil-dependent economies, including Nigeria, continue to fare less than countries reliant on other export...
Minimum wage: NLC gives 32 govs Dec 31 deadline
The Nigeria Labour Congress yesterday gave December 31, 2019 deadline to 32 state governors to either pay the N30, 000...
ARM Buys into Firm to Enhance Investment Opportunities
Asset & Resource Management Holding Company Limited (ARM HoldCo) is making an equity investment in Trove – a micro-investing application...
Nigerian, other African airlines may lose another $200m in 2020
The International Air Transport Association (IATA) yesterday released its forecast for the year 2020, with Nigerian airlines and their African...
NEITI unveils owners of oil firms, mining licences
The Nigeria Extractive Industries Transparency Initiative on Thursday unveiled the extractive sector beneficial ownership register for Nigeria. NEITI’s Executive...
FG to audit spectrum licences issued in last two decades
The Federal Government is planning to carry out frequency audit on all the spectrum licences issued from inception till date,...
Electricity workers suspend strike, reps back agreement with FG
The leadership of the House of Representatives has said it will ensure the implementation of the agreement between the National...
Banks refund N76.7bn, $20.9m to customers —CBN
The Central Bank of Nigeria has said the amount of money refunded to bank customers as of November 30, 2019,...
Subscribers losing money to telecom-related financial crimes, says NCC
The Nigerian Communications Commission (NCC) has said that malevolent use of modem technologies is taking its toll on the Nigerian...
PPPRA faces Senate probe over unremitted N800bn FERMA fund
President of the Senate, Ahmad Lawan, has said that the Senate will investigate the Petroleum Products Pricing Regulatory Agency over...
Electricity consumers lodge 297,897 complaints in six months
The number of complaints received by electricity distribution companies in the country from consumers rose to 297,897 in the first...
NSE Counsels New Stockbrokers against Market Infractions
The Chief Executive of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has restated the exchange’s zero tolerance policy on all...
Stock market records first gain in December
The Nigerian Stock Exchange (NSE) yesterday recorded the first gain in December with the crucial market indices appreciating by 0.19...
Senate begins probe of N20tr unremitted stamp duties
The Senate raised the alarm yesterday over the non-remittance of over N20 trillion revenue collected as stamp duties, mandating its...
FIRS workers threaten strike over Fowler’s handover to Aina
Workers of the Federal Inland Revenue Service on Tuesday faulted the decision of the immediate past Chairman of the FIRS,...
CBN targets 70% loan-to-deposit ratio by 2020
The Central Bank of Nigeria (CBN) has said it plans to increase the loan-to-deposit ratio from the current 65 per...
Price losses outweigh gains on NSE as index slumps by 1.11 per cent
Price losses continued to outweigh gains on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks...
Nigeria to spend N750.81bn on fuel subsidy in 2020
The Federal Government is expected to spend N750.81bn on petrol subsidy in 2020, latest data from the Petroleum Products Pricing...
LCCI, experts say Nigerians should expect less from 2020 budget
The Abuja Chamber of Commerce and Industry (ACCI) has described the 2020 budget passed by the National Assembly as not...
Recapitalisation: NSE Boss, Onyema, Bullish on Insurance Sector
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema yesterday said the ongoing recapitalisation exercise in the insurance...
Buhari replaces Fowler, appoints Nami as FIRS chairman
President Muhammadu Buhari on Monday named a tax consultant, Mr Muhammad Nami, as the new chairman of the Federal Inland...
N29bn debt: AMCON takes over Omokore’s company, Cedar Oil & Gas
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division has granted an injunction against Cedar Oil & Gas...
Moody’s Assigns Negative Outlook to African Banks in 2020
The 2020 outlook for African banks has changed to negative from stable, reflecting their weakening operating environment, Moody’s Investors Service...
Buhari administration met $63.81bn debt, says DMO
The Debt Management Office on Monday said the President Muhammadu Buhari administration met a debt stock of $63.81bn when it...
Roads: FG owes contractors N306bn, says Fashola
The Federal Government owes contractors working on federal road projects the sum of N306bn, the Minister of Works and Housing,...
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