Economy
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...
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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...
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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...
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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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Dangote Laments Low Manufacturing Sector’s Contribution to GDP
The President of the Dangote Group, Alhaji Aliko Dangote, has flayed the paltry contributions of the manufacturing sector to the...
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Army to demand identity cards from Nigerians
Nigerians will henceforth be requested to carry identification cards to prove their identity to the military as the Nigerian Army...
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Buhari exempts firms with N25m turnover from VAT
Firms making a turnover of N25 million and below will be exempted from payment of the Value Added Tax (VAT),...
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NNPC to publish petroleum products’ supplies
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday said the oil firm was set...
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NSE to Launch Growth Board for SMEs Funding
Small and medium enterprises (SMEs) finding it difficult to access funding will soon heave a sigh of relief as the...
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Prolonged low rates pose $19tr default risk globally, says IMF
The International Monetary Fund (IMF), has warned that while low rates are desirable for growth, prolonged periods of low rates,...
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Stakeholders raise concern over poor metering for crude in Nigeria
The Nigeria Extractive Industries Transparency Initiative (NEITI), and other stakeholders in the oil and gas sector, yesterday, in Abuja, insisted...
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DMO offers multiple bonds at 12% interest rate
As part of capital raising for the 2019 Budget, the Debt Management Office (DMO) is offering two and three years...
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Agusto & Co is set to hold a Country Risk Session
Agusto & Co is set to hold a Country Risk Session on the 24th of October 2019 in Ikoyi Lagos...
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Customs continue raid, shut 272 car marts
The crackdown by the personnel of the Nigeria Customs Service on car marts suspected to harbour smuggled vehicles has continued...
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Food prices rise by 65% on border closure
NIGERIANS are now feeling the pains arising from the border closure as the prices of staple foods such as rice,...
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VAT collection still at 0.2% – FG
The Minister of Finance, Budget and National Planning, Mrs. Zainab S. Ahmed has said the collection of the value added...
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CBN’s lending to banks averages N96b in six months
The Standing Lending Facility (SLF) window of the Central Bank of Nigeria (CBN) was full of activity in the first...
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‘Export of Agriculture Produce Has Increased Significantly’
There has been increase in the volume of agriculture produce and other perishables export from Nigeria to mainly European and...
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Agusto & Co assigns “Bbb-” rating, a negative outlook to Mixta Real Estate
Agusto & Co. Limited whose strong credibility presence and ratings are globally accepted in Nigeria, and across the globe has...
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More retirees opting for annuity plan as insurance gets N371b premium
The insurance industry has received N371.21 billion premium on life annuity for retirees from the pension industry since inception of...
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NEITI: N28.58tn Remitted to Federation Account in Five Years
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday put the total amount remitted to the Federation Account between 2012 and...
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IEI Anchor’s pension assets rise to N92bn
IEI Anchor Pension Managers Limited says its pension assets under management rose by 35 per cent to N92bn in the...
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Telecoms Sub-sector Lost N221bn in Two Years
Value Added Service (VAS) operators, a sub-sector in the telecoms industry, operating under the aegis of Wireless Application Service Providers...
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‘Africans in Diaspora remit $40b yearly’
There are over 32 million Africans in the Diaspora, accounting for $40 billion remittances yearly, and savings of about $53...
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