Economy
Reps summon Ahmed, Emefiele over $21bn NLNG funds, N1.2tn proceeds
The House of Representatives, on Thursday, summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed; Governor of the...
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Dangote Refinery among 20 world’s most influential projects
Dangote Oil Refinery has been listed among the world’s top 20 influential projects surveyed in the last 18 months by...
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FIRS rakes in N4.122tr in 10 months
The Federal Inland Revenue Service (FIRS) yesterday put its overall 2020 performance from January to October at N4.122 trillion. It...
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CBN introduces new bills to control liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial...
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New Finance Bill proposes 10% VAT for defaulters
The Finance Bill 2020 scaled second reading on the floor of the Senate on Wednesday. The proposed legislation stipulates various...
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Buhari to go tough on Discos, agents selling prepaid meters
The President, Major General Muhammadu Buhari (retd.), has reiterated his resolve to mete stiff measures to any of the Discos...
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Afreximbank Launches MANSA, Africa’s Digital Due Diligence Repository
African Export-Import Bank (Afreximbank) has officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions,...
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Nigeria resumes petrol import from China
Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from China, the world’s top crude oil importer....
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US Soybean Export Council to Establish Excellence Centres in Nigeria
The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in Human Health (ASA/WISHH) and...
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25m Nigerians to benefit as government launches off-grid solutions
The Federal Government has announced a scheme aimed at rolling out five million solar systems to provide power to unserved...
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Minister promises reopening of varsities as NASU issues strike notice
Minister of Education, Adamu Adamu, yesterday, said the universities would soon reopen for academic activities after almost one year of...
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Banker’s Award: Zenith Bank Emerges Bank of the Year 2020
Zenith Bank Plc said it has emerged ‘Bank of the Year in Nigeria’ in The Banker’s Bank of the Year...
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Dollar savers offload deposits as naira exchanges for N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the greenback came a day...
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World airlines rally governments to financial, regulatory support
World airlines have again hinged the industry’s rebound from the effects of the COVID-19 pandemic on governments’ financial and regulatory...
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CBN Releases Banks’ Excess CRR to Spur Economic Recovery
•Introduces 90-day special bills •Dealers, analysts welcome new policy on Diaspora remittances As part of efforts to support economic...
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Buhari writes N’Assembly, seeks approval for Finance Bill
The President, Major General Muhammadu Buhari (retd.), has transmitted Finance Bill 2020 to the National Assembly for consideration and passage...
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AfDB Invests $5m in Clean Cooking Solution
The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver...
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Stock market resumes December upbeat as capitalisation rises by N55b
The equity market resumed December trading in an uptrend with market capitalisation increasing by N55 billion. At the close of...
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Report: FG Should Unlock Investment, Prioritise Spending
The federal government has been advised to unlock investment opportunities in the economy by focusing on labour intensive sectors in...
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FG, Egyptian firm sign pact to invest in gold mining
The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold Development and Mining Company in Cairo,...
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N69.4b debt: Jimoh Ibrahim asks court to reverse assets seizure
A Federal High Court in Lagos will on Tuesday resume hearing on an application filed by businessman Jimoh Ibrahim for...
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EKEDC Launches SCADA to Enhance Service Delivery
The Eko Electricity Distribution Company (EKEDC) has formally launched its innovative network solution –Supervisory Control and Data Acquisition – Distribution...
Read moreForex scarcity bites harder, CBN amends diasporan remittance law
The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances as...
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N’Assembly may pass 2021 budget December 10
The Senate and House of Representatives Committees on Appropriations are expected to turn in their report on the 2021 Appropriation...
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Crash in money market instruments triggers N2.3tr gain
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best monthly appreciation...
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