Economy
EFCC: Magu out as Salami panel okays interim chair for two years
•Says Police should no longer head commission •Magu kicks, says Panel’s recommendations outside panel’s terms of reference THE suspended...
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COVID-19: FG, WFP begin $4m cash, food distribution
The Federal Government and the World Food Programme are jointly distributing cash and food items worth about $4m to vulnerable...
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Zenith Bank, UBA Post N963.4bn Gross Earnings, N236bn Profit
Zenith Bank Plc and United Bank for Africa (UBA) Plc, pan-African financial institutions, have reported a combined gross earnings of...
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Nigeria vs Bangladesh: A Tale of Two Countries
Nigeria and Bangladesh are both developing countries, each with its challenges. The politics and social fabric in both societies are...
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Finance Bill Proposes Tax Reliefs for Donors to COVID-19 Funds
•Reduces import duties on commercial vehicles, tractors •NEC resolves to engage youths More highlights of the Finance Bill 2020, approved...
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Nigeria to resume fuel imports from Niger Republic
Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic....
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Nigeria spends $500m annually importing palm oil, says FG
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was...
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Access Bank Grows Profit by 16% to N102bn in Nine Months
Access Bank Plc’s unaudited results for the nine months ended September 30, 2020, has shown that the bank delivered strong...
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Why food prices are rising, by NEC
THE National Economic Council (NEC) has cited the restrictive effect of the Novel Coronavirus (COVID-19) and the recent #EndSARS protest...
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Selloff persists as market capitalisation depreciates further by N91b
Following persistent sell pressure in some high-value stocks, the domestic equities market closed negative at the end of yesterday’s transactions,...
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Labour in dilemma over tariff hikes
• Agitators push for N120 per litre of fuel • Threaten to shut down oil production in 11 days •...
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FEC okays new finance bill, rules out increase in taxes
The Federal Executive Council (FEC), yesterday, approved the Finance Bill 2020 aimed at reviewing the country’s tax laws and supporting...
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CBN Lists Conditions to Relax Third Party Forex Purchase Policy
The Central Bank of Nigeria (CBN) has given conditions to allow the opening of Forms ‘M’ by companies whose forex...
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AMCON confiscates Jimoh Ibrahim’s assets over N69.4billion debt
In continuation of its debt recovery drive, the Asset Management Corporation of Nigeria (AMCON), has taken possession of 12 prime...
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Naira weakens further as dollar sells for 478
The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478....
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Money market crash triggers largest daily gain in five years
Declining interest rates in the fixed income market triggered massive rally on the equities sector of the Nigerian Stock Exchange...
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TSA Collections Hit N19tn in Five Years
• FG saves N45bn in monthly interest payments • Nigeria, Gambia sign MoU on financial policy The gross accruals...
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PIB will become law in six months, says Gbajabiamila
From the Speaker of the House of Representatives, Mr. Femi Gbajabiamila, came an assurance that the Petroleum Industry Bill (PIB)...
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No end to varsity teachers’ strike, says ASUU coordinator
THERE is no end in sight to the lingering varsity teachers’ strike, the Academic Staff Union of Universities (ASUU) said...
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Nigeria needs 19 million new jobs yearly, says Salami
The Chairman of the Presidential Economic Advisory Council, Prof. Doyin Salami, has said Nigeria needs to create 19 million jobs...
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NEITI: FAAC Disbursed N2.054tn in Q3, 2020
Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday put the total disbursement by the Federation Account Allocation Committee (FAAC) to the...
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Afreximbank, others unveil $1.5b facility to support food production
The African Export-Import Bank (Afreximbank) has partnered with the International Islamic Trade Finance Corporation (ITFC), the Trade Finance Arm of...
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Buhari Outlines Action Plan to Forestall #EndSARS Protests’ Reoccurrence
President Muhammadu Buhari yesterday unfolded plans by his administration to prevent the reoccurrence of the #EndSARS protests, championed by activists...
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Banks offer youths N2b agric loan at 5% interest
THE Central Bank of Nigeria (CBN) has authorised commercial banks to give up to N2 billion maximum loan to youths...
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Stock market extends downturn by N278bn
Transactions in the Nigerian equity market on Tuesday closed on a negative note as losing streak extended to the third...
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