Economy
FG approaches China for $17bn loans
The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request. It...
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Africa’s informal sector most difficult to tax — Nami
The Chairman of the Federal Inland Revenue Service (FIRS), Muhammed Nami, said yesterday that the informal sector in Africa’s economies...
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Challenges loom for Nigeria as OPEC may cut 500,000bpd
There are indications that Organisation of Petroleum Exporting Countries (OPEC), and its allies, especially Russia, will further cut oil supply...
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Banks recover N39.4bn non-performing loans from ICT sector
Nigerian banks recovered N39.4bn non-performing loans from its debtors in the Information and Communications Technology sector in one year. As...
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18 states worse hit by poverty, says AfDB
Poverty rate in more than half of the 36 states of the nation is above the national average of 69...
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Budget under threat as oil sinks to $54
The international oil benchmark, Brent crude, plummeted to its lowest level in more than a year on Monday, trading below...
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Coronation Merchant Bank gets new MD
THE Board of Directors of Coronation Merchant Bank Limited has announced the appointment of Banjo Adegbohungbe as the bank’s Acting...
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Consolidated Hallmark Insurance Applies to Raise N1.057bn Capital
Consolidated Hallmark Insurance Plc (CHI) has applied to raise about N1.057 billion from shareholders via a rights issue, as part...
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Federal Govt to pay N272.9bn maturing bonds
The Federal Government allocated 2.6 per cent of its total expenditure totalling N272.9bn to settle pending contract obligations in the...
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Bears push further into February, as capitalisation plunges N160b
Despite the full year 2019 results being churned out by quoted companies, the equities market began the month of February...
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Senate Puts FG’s Borrowing Request at $22.6bn
The Chairman Senate Committee on Finance, Senator Solomon Adeola, has put the federal government’s external loan request before the National...
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FG abolished minimum tax to grow insurance – Osinbajo
Vice-President Yemi Osinbajo has said the Federal Government cancelled the minimum tax for insurance sector to help the sector to...
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Lagos deploys 65 buses on some routes affected by okada, keke restriction
Lagos State has said it will deploy a fleet of 65 buses along major some routes from Monday, February 3,...
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Report: Banks took N950b loan from CBN in three months
Commercial and merchant banks took cumulative loans worth N949.91 billion from the Central Bank of Nigeria (CBN) within three months,...
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Nigerians must pay to enjoy stable electricity – TCN boss
The Managing Director, Transmission Company of Nigeria (TCN), Mr. Usman Gur Mohammed has said for Nigeria to have stable electricity...
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NSE launches index for SMEs, relaxes listing requirements
The Nigerian Stock Exchange has launched a new index called the ‘Growth Board’ for the Small and Medium Enterprises. The...
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‘75% Dealers Trade on Devices Not Approved by NCC’
Facts have emerged that unlicensed dealers estimated to reach 75 per cent are currently trading on devices that are not...
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Lagos hospital clears China returnee of Coronavirus
The Lagos State government has debunked insinuations that the dreaded Coronavirus had found its way into the state. In...
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Pension funds should be invested, not borrowed – Group
The Centre for Pension Right Advocacy has said that the funds under the Contributory Pension Scheme are meant to be...
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CBN’s CRR adjustment triggers equities’ 28 per cent weekly loss
The nation’s equities market suffered its first weekly loss in 2020 as the impact of the CBN’s hike in the...
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Stock Market Investors Gain N1.9tn in January
Investors in the Nigerian equities market recorded a growth of N1.88 trillion in their wealth in January while the market...
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9,000 suffer fresh malware attacks in Nigeria
Some 9000 people have suffered fresh malware attacks in Nigeria, and according to Kaspersky Protection Technologies, the cybercriminals, which came...
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FG mulls 125% import tariff on ‘Tokunbo’ vehicles
The Director of Policy and Planning at the National Automotive Design and Development Council, Engr. Farouk Umar, made this disclosure...
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H1: Guinness Nigeria Records N68bn Revenue, N1.31bn Profit
Guinness Nigeria Plc, a leading beverage and alcohol company in Nigeria has announced its unaudited results for its first half...
Read moreNCC slams N2.9b fine on telcos over infractions
REGULATOR of the telecoms sector, the Nigerian Communications Commission (NCC), has slammed a fine of N2.9billion on all the major...
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