With amended Act, AMCON can recover N5.4trn debt – Kuru
Having secured the signing of the Assets Management Corporation of Nigeria (AMCON) Amendment Act 2019 into law by President Muhammadu...
Sell pressure in 15 stocks drag NSE’s indices by N28 billion
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened on a negative note yesterday, as sell pressure...
Nigeria for fresh $3b World Bank power loan
Buhari leaves for summit in Russia The Minister of Finance, Mrs. Zainab Ahmed, yesterday said the Federal Government’s request for...
FIRS Establishes Tax Office for Non-resident Persons
The Federal Inland Revenue Service (FIRS) has established a tax office that is designated solely for the administration of taxes...
N5tn: AMCON seeks judiciary’s support on debtors’ BVN
The Asset Management Corporation of Nigeria has approached the judicial arm of the country to enable it to access bank...
Budget 2020 may precipitate industrial unrest, NECA warns
The Nigeria Employers’ Consultative Association (NECA) has warned that the budget 2020 might instigate massive retrenchment of workers and labour...
CBN opposes MTN over mobile banking transaction access
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers...
AfDB Advocates Unlocking of $1.8tn AUM for Investment
The President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, has stressed the need to mobilise mutual funds and...
Underwriters, banks target N270 billion premium from 45m cargoes
Insurers urge customs to search for importers with fake policy To further deepen insurance penetration in the nation’s economy in...
Royal Exchange grosses N14.7b premium
Royal Exchange Plc generated a Gross Written Premium of N14.7 billion as at December 31, 2018. This represents an increase...
Equities defy earnings’ scorecards as investors lose 0.32% in one week
Analysts blame weak purchasing power, low confidence Despite the 2019 third quarter (Q3) financial results so far released by some...
NAICOM’s industry portal goes live next year
A portal of the National Insurance Commission (NAICOM) that will integrate all insurance transactions in the insurance industry into a...
FAAC: FG, States, LGAs share N693.529bn for September
The Federation Account Allocation Committee (FAAC) on Thursday in Abuja, shared a total of N693.529 billion to the three tiers...
Nigeria must end reliance on oil to fight poverty – IMF
The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that there is a need for the...
Shell Aims to Operate Egypt Concessions in 2020
Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020,...
FMDQ records N179tn turnover in eight months
FMDQ OTC Securities Exchange recorded a turnover of N179tn in nine months. Data obtained from the FMDQ on Thursday showed...
States owing N4tr in domestic debts
Domestic indebtedness of the 36 states and the Federal Capital Territory (FCT) as at the end of March 2019 was...
Six Banks Extend Market Dominance
The Concentration Ratio (CR) of the six largest banks in Nigeria with respect to deposits and assets stood at 60.31...
Transcorp wins Afam power station with $343.6m
The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation...
All-Share Index Falls Further as Market Extends Bearish Trend
The Nigerian equities market declined further following losses by banking stocks. The Nigerian Stock Exchange (NSE) All-Share Index fell by...
Why Nigeria is borrowing fresh $3bn from World Bank —Ahmed
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the $3bn loan being sought by the...
Monkeypox hits Lagos, Rivers, Akwa Ibom
The Nigeria Centre for Disease Control (NCDC) yesterday confirmed five news cases of Monkeypox in Lagos, Rivers and Akwa Ibom...
57 firms to clean up Ogoniland for five years
A total of 57 companies and contractors are currently working on the clean-up of Ogoniland in Rivers State, the National...
Experts attribute inflation rise to border closure
Financial experts yesterday attributed rise in inflation rate for the month of September to border closure and the new minimum...
N25.7tn debt: Experts oppose IMF’s call for tax hike, say Nigerians overburdened
Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International Monetary Fund...
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