Economy
Abiodun signs revised budget, seeks support for Lagos-Abeokuta road
Ogun State Governor Dapo Abiodun has signed the revised 2020 Appropriation Bill into law, with a pledge to pay attention...
Read more
Delta community threatens to shut down oil export terminal over alleged marginalisation
Nigeria’s crude oil export terminal at Forcados, Delta State, risks being shut down as leaders of the host community, Ogulagha...
Read more
NNPC: no stolen crude oil found in China
THE Nigerian National Petroleum Corporation (NNPC) on Thursrday denied reports (not by The Nation) that its officials sold 48 million...
Read more
FIRS extends returns filing deadline by 7 days
The Federal Inland Revenue Service (FIRS) has extended the deadline for filing of returns in a number of tax categories...
Read more
Nigeria-China trade imbalance widens despite currency swap
• Nation’s share of trade volume since 2013 is 11% • China missing in top 10 trading partner chart ...
Read more
COVID-19 Forces Buhari to Suspend Sallah Homage
In compliance with COVID-19 regulations, President Muhammadu Buhari will not be receiving Sallah homage by religious, community, party and government...
Read more
Dormant loans hit N1.2tn as experts differ on plans to debit defaulters
Non Performing Loans (NPLs) have risen to N1.2 trillion as of June 2020, with a N721.3 billion increase since 2015,...
Read more
FEC okays release of 15.21m euros, N1.708b for power deal
The Federal Executive Council (FEC) has ratified an anticipatory approval for the release of 15.21 million euros and N1.708 billion...
Read more
FBN Holdings Records 56% Growth in Half-year Profit to N49.5bn
FBN Holdings Plc wednesday reported gross earnings of N296.4 billion for the six months ended June 30, 2020, showing an...
Read more
Sustained bargain-hunting pushes index further by 0.18%
Following sustained bargain-hunting in some blue-chip stocks, trading on the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as All Share...
Read more
Landlords not assigned to collect stamp duty –FIRS
The Federal Inland Revenue Service (FIRS) has said that it has not designated landlords as collection agents for stamps duty charges...
Read more
Stage 2 loans could threaten banks’ financial condition
The volume of stage two loans could be a threat to the banking industry’s asset quality and future profitability even as...
Read more
Naira plunges to N472/$ as forex scarcity worsens
The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange scarcity persisted. The...
Read more
CRR: CBN holds N900b customers’ deposits with banks
THE Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration...
Read moreNNPC in $1.5bn oil-for-loan deal with traders
The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by two oil...
Read more
Equities record largest fall in three weeks, as investors lose N70b
Weak sentiments and selloffs across bellwether stocks, especially MTN Nigeria, Guaranty Trust Bank, and Seplat led to the market’s largest...
Read more
Many feared dead as explosion wreaks havoc in Lagos
An explosion occurred last night at a gas shop on Inua Mohammed Street, off Asa Afariogun street, adjacent Faith City...
Read more
Lawmakers raise the alarm over Chinese loans
The House of Representatives has raised the alarm over loan agreements being entered into by the Federal Government with China....
Read more
Lafarge Africa Grows Profit by 89% to N23 Billion
A cost efficient strategy boosted the profitability of Lafarge Africa Plc despite the margin rise in revenue for the half...
Read more
World Bank, Discos Meet Today over Forensic Audit
Investors in the power distribution companies will today make a presentation in a meeting with the World Bank over the...
Read more
FG Bows to Pressure, Reopens Schools for Graduating Students
Atiku, NUT, private school owners hail decision PSN lists eight conditions for safe re-opening of schools WAEC commences August 17...
Read more
Commercial banks write-off N1.9trn bad debts in 4yrs
A minimum of N1.9 trillion impaired loans has been written off by commercial and merchant banks operating in Nigeria from...
Read more
E-bills payment rises by 86%, reaches N444.16bn
The payment of bills electronically almost doubled from January to May this year, compared with the same period in 2019....
Read more
Buhari Appoints Two Deputy Commissioners for NAICOM
President Muhammadu Buhari, has approved the appointment of Alhaji Sabiu Abubakar and Mr Oba Oluniyi as Deputy Commissioners for Insurance,...
Read more
PTF: why we can’t lock down high-risk Lagos councils
There will be no precision lockdown in 11 “high-burden” local government areas, where Coronavirus is prevalent, the government said on...
Read more
Powered by Agusto & Co.