The $2.5b World Bank loan is unnecessary
Nigeria overflows with revenue sources ready to be utilised for national development. But they are incompletely collected or left untapped...
Oil price rises to $60.5, Nigeria, others meet
The price of Brent, which is the crude Nigeria’s oil is priced, appreciated on Sunday to $60.51 per barrel. This...
Rohr looks at positives as Brazil force Nigeria to 1-1 draw
Super Eagles Manager, Gernot Rohr was full of praise for his wards after yesterday’s gutsy display against Brazil in an...
States, FCT revenues rise to N691bn in 6 months
The Internally Generated Revenues (IGR) of the 36 states and the Federal Capital Territory (FCT) rose by 15 per cent...
Insurer warns Nigerians against fraudulent scheme
An expert in the nation’s insurance industry has warned Nigerians against the “Standard Payment Investment Scheme” currently circulating on social...
LASACO to raise N10b capital
In line with the recapitalisation requirement of the National Insurance Commission, shareholders of LASACO Insurance Plc have approved a raise...
Nigeria Has Lowest Tax Rate Globally, Minister Insists
The Minister of State for Budget and National Planning, Prince Clem Agba, has defended the recent increase in Value Added...
ABCON wants review of cash-less fees, VAT
The nation’s foreign currency dealers have joined the argument against the processing fees for cash-less policy operations and the government’s...
AMCON enlists more agencies in hunt for N5 trillion debt
The recovery chase for the N5trillion debt in the portfolio of the Asset Management Corporation of Nigeria (AMCON) got new...
NSE Reviews Pricing Rules for Market Efficiency, Stability
The Nigerian Stock Exchange (NSE) has announced the amendment to its rules on price movements of equity securities traded on...
Nigeria records 61.6% Internet penetration in 19 years as Africa’s growth slows
Although improving at 39.6 per cent, Africa’s Internet penetration is still low when compared to the rest of the world,...
CBN: Why Credit Easing Will Not Increase Non-performing Loans
The Central Bank of Nigeria (CBN) has doused fears that its aggressive drive to increase banking sector’s lending to the...
Naira appreciates to N306.95/$ at interbank market
The local currency, naira appreciated against the dollar at the interbank segment of the foreign exchange market to N306.95 on...
NPA grosses N300b revenue from Lagos Port in two months
THE Nigerian Ports Authority (NPA) has raked in over N300billion from the Lagos Port Complex in the last two months,...
Senate defends N125b budget for National Assembly
The Senate yesterday justified the N125 billion proposed by President Muhammadu Buhari as the National Assembly budget for the 2020...
Border closure: Exporters decry rising unsold inventory
With the nation’s borders remaining shut indefinitely, the local manufacturers involved in export have expressed concerns over the huge losses...
Dangote Cement Leads as Trading Value Soars 290% to N19bn
High trading in the shares of Dangote Cement Plc yesterday lifted the volume and value of transactions at the stock...
Dangote’s N3b greenhouse takes off in Kano
A N3-billion high-tech greenhouse nursery that is capable of producing between 300 and 350 million tons of hybrid tomatoes seedlings...
Nigeria’s rising fiscal deficits distorting monetary policy, say IMF officials
The officials of the International Monetary Fund (IMF), on economic assessment visit to Nigeria, have said serial deficits in the...
Customs generates N4.99bn at Lagos airport
The Murtala Muhammed Area Command (MMAC) of the Nigeria Customs Service (NCS) says it raked in N4.99 billion in the...
Sell-offs in bellwethers pull market indices, shed N103b
Following sell-offs in high cap stocks, transactions on the Nigerian Stock Exchange (NSE), continued southward yesterday, resulting to a further...
Lagos gets 300MW power plant from UAE
The United Arab Emirates has established a 300 megawatts renewable energy power plant in Lagos. UAE’s Ambassador to Nigeria, Fahad...
NSE, Luxembourg Stock Sign MoU to Expand Green Bond Markets
The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to promote...
Commission delists over 40,000 dormant registered companies for non-performance.
For non-performance, over 40,000 names of registered companies have been delisted from the nation’s registration records in the last two...
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