PenCom recovers N213.07m from defaulting employers in Q3
The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments...
Agusto & Co. assigns a ‘Bbb-’ rating to Jaiz Bank Plc, with a stable outlook
Agusto & Co. hereby assigns a ‘Bbb-’ rating to Jaiz Bank Plc (‘Jaiz Bank’ or ‘the Bank’), reflecting the Bank’s...
Excitement as New Diaspora Remittances Policy takes Effect Today
•Annual inflows put at $24bn •CBN, NSIA, AFC to float N15tn infrastructure fund There is palpable excitement among Forex users...
$21bn Legally Withdrawn from NLNG Dividends Account, Says Kyari
Nigeria National Petroleum Corporation (NNPC) yesterday defended the withdrawal of over $21 billion from the Nigeria Liquefied Natural Gas (NLNG)...
NSE: Application of 0.08% Stamp Duty Begins December 7
The Nigerian Stock Exchange (NSE) yesterday said from Monday, December 7, the Stamp Duty rate of 0.08 per cent on...
Reps summon Ahmed, Emefiele over $21bn NLNG funds, N1.2tn proceeds
The House of Representatives, on Thursday, summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed; Governor of the...
Arik, Aero May Merge for Business Survival
There are strong indications that stakeholders are considering a merger between Arik Air and Aero Contractors, two airlines under the...
Dangote Refinery among 20 world’s most influential projects
Dangote Oil Refinery has been listed among the world’s top 20 influential projects surveyed in the last 18 months by...
FIRS rakes in N4.122tr in 10 months
The Federal Inland Revenue Service (FIRS) yesterday put its overall 2020 performance from January to October at N4.122 trillion. It...
Stock market down by N42bn on profit-taking
The Nigerian equity market returned to negative territory on Wednesday as investors began to take profits to increase capital gains....
CBN introduces new bills to control liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial...
New Finance Bill proposes 10% VAT for defaulters
The Finance Bill 2020 scaled second reading on the floor of the Senate on Wednesday. The proposed legislation stipulates various...
Buhari to go tough on Discos, agents selling prepaid meters
The President, Major General Muhammadu Buhari (retd.), has reiterated his resolve to mete stiff measures to any of the Discos...
Afreximbank Launches MANSA, Africa’s Digital Due Diligence Repository
African Export-Import Bank (Afreximbank) has officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions,...
Nigeria resumes petrol import from China
Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from China, the world’s top crude oil importer....
US Soybean Export Council to Establish Excellence Centres in Nigeria
The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in Human Health (ASA/WISHH) and...
25m Nigerians to benefit as government launches off-grid solutions
The Federal Government has announced a scheme aimed at rolling out five million solar systems to provide power to unserved...
Minister promises reopening of varsities as NASU issues strike notice
Minister of Education, Adamu Adamu, yesterday, said the universities would soon reopen for academic activities after almost one year of...
Banker’s Award: Zenith Bank Emerges Bank of the Year 2020
Zenith Bank Plc said it has emerged ‘Bank of the Year in Nigeria’ in The Banker’s Bank of the Year...
Dollar savers offload deposits as naira exchanges for N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the greenback came a day...
World airlines rally governments to financial, regulatory support
World airlines have again hinged the industry’s rebound from the effects of the COVID-19 pandemic on governments’ financial and regulatory...
CBN Releases Banks’ Excess CRR to Spur Economic Recovery
•Introduces 90-day special bills •Dealers, analysts welcome new policy on Diaspora remittances As part of efforts to support economic...
Yakubu Gets Second Term as Senate Confirms Nomination
The Senate yesterday confirmed the reappointment of Prof. Mahmood Yakubu by President Muhammadu Buhari, as Chairman of the Independent National...
Buhari writes N’Assembly, seeks approval for Finance Bill
The President, Major General Muhammadu Buhari (retd.), has transmitted Finance Bill 2020 to the National Assembly for consideration and passage...
AfDB Invests $5m in Clean Cooking Solution
The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver...
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