Economy
Stop debtors from contesting elections, judge urges AMCON
Now that the Asset Management Corporation of Nigeria (Amendment) Act 2019 has been signed into law by President Muhammadu Buhari,...
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NIPOST Raids Three Illegal Courier Operators in Lagos
The Nigerian Postal Service (NIPOST), through its Courier Regulatory Department (CRD), recently clamped down on three courier operators in Lagos,...
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Nigeria to earn $6.35bn in taxes, royalties – NNPC
The Nigerian National Petroleum Corporation on Sunday announced that it had secured the closure of $875.75m alternative financing deal for...
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Non-passage of PIB, regulations drag about $100b oil projects
With drawbacks in the passage of the Petroleum Industry Bill (PIB), as well as various unfavourable fiscal and regulatory frameworks,...
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FMBN needs N500b to achieve affordable housing
THE Federal Mortgage Bank of Nigeria (FMBN) has urged the Federal Government to look into the need to recapitalise the...
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CBN restricts forex for importation of cassava products
The Central Bank of Nigeria has said it will no longer provide foreign exchange for the importation of cassava, starch,...
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Airbus Forecasts Need for over 39,000 Aircraft in 20 years
The world’s passenger and freighter aircraft fleet is set to more than double from today’s nearly 23,000 to almost 48,000...
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FAAC allocates N720.8bn to FG, states, LGs
The Federation Accounts Allocation Committee on Thursday allocated the sum of N720.88bn to the three tiers of government. The N720.880bn...
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CBN backs land border closure, invests N146bn in rice farming
The Central Bank of Nigeria (CBN) has backed the federal government’s closure of all land borders saying the closure has...
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Aviation biofuel production gets $2m boost ahead of 2023 target
The quest for the production of Sustainable Aviation Fuel (SAF), such as aviation biofuels, has received a boost with a...
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Discos move to install six million meters
The 11 power distribution companies operating in Nigeria have commenced moves to install six million meters in the residents of...
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CBN raises momentum in cash-less Nigeria project
The race for the national roll-out of cash-less policy in the country has gained additional momentum, as the Central Bank...
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FG to auction long term bonds at 14 %
As part of capital raising for the 2019 Budget, the Debt Management Office (DMO) is offering five, 10 and 30...
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Analysts Back Afreximbank’s Push for Foreign Reserves Domestication
Economic experts have supported the push by the African Export and Import Bank (Afreximbank) to mobilise part of the foreign...
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MAN, NECA, experts task FG’s new economic team on fiscal, monetary policies
The Manufacturer Association of Nigeria (MAN), The Nigeria Employers’ Consultative Association (NECA) and some financial and economic experts yesterday lauded...
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Relief for ship owners as NPA waves charges for dry-docking of vessels
Ship owners in the country have heave a sigh of relief as the Nigerian Ports Authority (NPA) waves dues on...
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CBN imposes extra charges on cash deposits, withdrawals
Withdrawals and deposits of physical cash in Nigeria will now attract processing fees payable by individuals or corporate owners of...
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Four banks generate N24.3bn from account maintenance charges
Between January and June 2019, four leading banks generated N24.3bn from account maintenance charged on their customers’ accounts, investigation has...
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Abuja Trade Fair to Boost Financing for SMEs
The 13th edition of the Abuja International Trade Fair (AITF) will seek to stimulate Small and Medium Enterprises (SMEs) to...
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FG constitutes task force to recover N5trn AMCON debt
The Federal Government has inaugurated an Inter-Agency Task Force in its bid to recover over N5 Trillion outstanding debts owed...
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PPPRA: Nigerians Increasingly Switching from Kerosene to LPG
The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that Nigerians are increasingly moving away from using household kerosene for...
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NCC gets 10 days deadline to block 2m SIM cards
The Federal Government has given NCC up to September 25 to cut off 2.224million improperly registered SIM cards from telecom...
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My wish for Nigeria, by Bill Gates
High level of poverty and inequality that exists in Nigeria Well, Nigeria is a super-important country and one that the...
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Chinese investments in Nigeria’s real sector hit $3bn
As China marks 70 years of its establishment as a nation, and 48 years of diplomatic relations with Nigeria, the...
Read moreNPA wants ‘on-the-spot’ auction of overtime cargoes littering ports
Irked by the huge volume of overtime cargoes occupying valuable spaces in the port’s environs, the Nigerian Ports Authority (NPA)...
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