Economy
How government agencies flout TSA policy
Some key government organisations have been avoiding the use of the Treasury Single Account (TSA) in the last three years,...
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PenCom to open PFAs transfer window June 2020
The transfer window that will enable contributors under the Contributory Pension Scheme to change their Pension Fund Administrators will be...
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Insight on proposed 7.5% VAT
The proposed increase in the Value Added Tax (VAT) from five per cent to 7.5 per cent by the Federal...
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Vitol Pulls out of $1.5bn Deal to Buy Nigerian Oil Fields
Oil trader, Vitol, has quit a consortium that was set to buy a stake in two Nigerian oil fields from...
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NAICOM assures of refund to investors of failed operators
The National Insurance Commission (NAICOM) has said funds raised from investors in the ongoing recapitalisation would be refunded if the...
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Why we adopted unconventional monetary policy- CBN governor
The Governor, Central Bank of Nigeria, Godwin Emefiele has said that the federal government has adopted the unconventional monetary policy...
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Dangote plans fuel exports to Europe, others
Dangote Group has said it plans to export petroleum products from its refinery to Europe, South America, West Africa and...
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Nigeria, US trade hits $5.21bn in eight months
Nigeria and the United States recorded 5.21 billion dollars bilateral trade between January and August this year. The Consul General,...
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Odu’a Investment posts N849m profit
The Odu’a Investment Company Limited has declared the sum of N849m as profit for the financial year ended December 2018....
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Banks, telcos, fintech urged to provide free USSD codes
Achieving 90 per cent inclusion in Nigeria by 2020, above Central Bank of Nigeria (CBN’s) 80 per cent target is...
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BUA’s Obu Cement, CCNN Set to Merge
BUA Group, one of Africa’s largest conglomerates wednesday announced the consolidation of its cement business comprising the publicly listed two...
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Border closure: Nigeria rejects Vietnam’s rice importation plea
The Federal Government (FG) has rejected plea by Vietnam that its rice should be allowed into Nigeria. Instead, the FG...
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MTN deactivates 600,000 subscribers, grows by 12.1%
MTN Nigeria said it deactivated 600,000 active subscribers in compliance with the directive of the Nigerian Communications Commission to deactivate...
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Investors’ appetite for high cap stocks lifts NSE’s index by 0.25%
Investors’ renewed appetite for some highly capitalised stocks lifted transaction on the trading of the Nigerian Stock Exchange (NSE), yesterday,...
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Agusto & Co, GCR Affirm InfraCredit’s Ratings
Agusto & Co Limited and Global Credit Rating Company (GCR) have respectively affirmed the ‘AAA’ rating as well as assigned...
Read moreNAICOM approves recapitalisation plans of 44 insurance companies, rejects 6
The National Insurance Commission (NAICOM) has approved the recapitalisation plans of 44 out of the 54 Insurance companies in Nigeria....
Read moreDangote dismisses pipeline delivery of fuel
The oil refinery being built by Dangote Group will deliver its fuel to Nigerian consumers by road and seaports, and...
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Let’s import rice into Nigeria — Vietnam
The Socialist Republic of Vietnam yesterday begged the ruling All Progressives Congress (APC) to appeal to the Federal Government to...
Read moreNo going back on IPPIS, says finance minister
The Federal Government on Tuesday said there was no going back on the October 31 deadline President Muhammadu Buhari gave...
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N50 stamp duty threatens government’s cashless, financial inclusion drive
More Nigerians are now shunning transactions via Point of Sales (PoS) terminals; owing to the implementation of a ₦50 additional...
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Fidelity Bank’s Profit Rises by 20% to N21.5bn in Nine Months
Fidelity Bank Plc yesterday reported a growth of 20 per cent in profit after tax (PAT) to N21.5 billion for...
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Nigeria must not continue borrowing — Senate president
Senate President Ahmad Lawan yesterday said Nigeria must not continue to borrow funds. He said the federal government had been...
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Nigeria gives condition for reopening borders
The Federal Government’s decision to shut the nation’s land borders against neigbouring countries will remain, despite any short-term losses, until...
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Warri, Kaduna refineries to be repaired in 2020
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said Warri and Kaduna refineries will be revamped in...
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Nigeria to borrow N803b in two months, forecloses Eurobond debt
From now till December 31, 2019, Nigeria will raise its domestic debt profile by N802. 82 billion to support the...
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