Economy
Zenith Bank’s total assets drop by N57bn
Zenith Bank Plc has reported a N57.11bn drop in the value of its total assets over a six-month period. ...
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Ambode kicks as EFCC raids Ikoyi, Epe houses
The immediate-past governor of Lagos State, Mr Akinwunmi Ambode, has accused the Economic and Financial Crimes Commissions of searching his...
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NASME hails government’s food import policy
Nigerian Association of Small and Medium Enterprises (NASME) has said that the Federal Government’s decision on foreign exchange restrictions to...
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Obasanjo Farms, others in FIRS list of 1901 tax defaulters
The Federal Inland Revenue Service (FIRS) has published names of businesses that have failed to comply with their tax obligations....
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Mixed reactions trail planned 5% VAT on online purchases
Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax...
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State House partners forex firm on transparency
The Anti-Corruption and Transparency Monitoring Unit (ACTU) of the State House, has declared the unit’s willingness to partner with MBA...
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NITDA, TETFUND move to ensure digital inclusion in institutions
The National Information Technology Development Agency (NITDA) and the Tertiary Education Trust Fund (TETFUND) have signed a Memorandum of Understanding...
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Share prices hit 10-year low amid uncertainties, weak economy, others
Prevailing economic downturn has continued to trigger persistent fall in share prices of listed firms, as share prices of most...
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2.5m SMEs to get financial support, training, says Osinbajo
VICE-President Prof Yemi Osinbajo has said the Federal Government will provide micro-lending to about 2.5 million small trades and businesses...
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Buhari summons FIRS boss over tax revenue decline
President Muhammadu Buhari has summoned the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, to the Presidential Villa...
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Auditor-general indicts presidency, EFCC, NASS
Almost all Ministries, Departments and Agencies (MDAs) have been indicted for financial wrongdoings in the latest fiscal assessment of the...
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Fidelity Bank Adopts Open Banking
Fidelity Bank Plc has signed a memorandum of understanding with the Open Technology Foundation (OTF) for the adoption of a...
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Oil prices fall again on recession fears
Crude oil prices tumbled further in early trading on Thursday, after a brief stabilisation overnight crumbled under a new wave...
Read moreFG’ll open power market to new investors –Osinbajo
The Federal Government is creating policies that will open up the nation’s electricity market to new investors in generation, transmission...
Read moreStakeholders seek clarification of forex ban for food import
Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food...
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Lending: Banks race to beat CBN’s deadline
BANKS are in a race to beat the September 30 deadline given by Central Bank of Nigeria (CBN) to implement...
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Central Bank to disburse lower currencies to microfinance banks
To stem the scarcity and hawking of the currency, the Central Bank of Nigeria (CBN), has released guidelines for the...
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Falling oil price won’t change our production– NNPC
Nigeria will not alter the production adjustments agreed upon between Organisation of Petroleum Exporting Countries and Non-OPEC countries despite recent...
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Be vigilant against Ebola, NCAA warns airlines
The Nigerian Civil Aviation Authority has directed all airline operators, especially those operating regional and international flights into the country...
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Ikeja Electric, Mojec Sensitise Customers on Meter Registration
Ikeja Electricity Distribution Company (IE), in conjunction with one of its Meter Asset Providers (MAPs), Mojec Meter Assets Management Company,...
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Oil inches above $60 as U.S. delays tariffs on Chinese goods
Oil prices continued to rally yesterday, following reports that the United States has decided to delay the next round of...
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Senate seeks divestment of 40% govt’s stake in DisCos
The Senate has urged the Federal Government to divest its 40 per cent stake in electricity distribution companies (DisCos) to...
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Why FG’s bonds were oversubscribed in 2019 – Expert
The Federal Government has recorded oversubscription of its savings bonds offers consistently since January 2019. The Debt Management Office (DMO)...
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Foreign investors acquiring insurance firms over recapitalisation
Many indigenous underwriting firms have been taken over by foreign investors since the last recapitalisation that took place in the...
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Host Communities Seek Payment of N98bn Gas Flare Penalty Fund
Members of the Host Communities of Nigeria Producing Oil and Gas (HOSCON) have declared as unacceptable the federal government’s continuous...
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