Nigeria
Experts allay fear of naira devaluation in 2020
Experts in the financial system have allayed fears of possible devaluation of the Naira this year, considering various strategies the...
Read more
World Bank okays $2.185b to fight poverty, corruption in Nigeria
THE World Bank has approved $2.185 billion to support six projects that it says would boost the country’s development. According...
Read more
Analysts Raise Concern over Planned Reversal of SIM Registration Policy
Analysts at Cordros Securities Limited have expressed concern about the recent directive issued by the Minister of Communications and Digital...
Read more
FIRS targets 17% tax to GDP ratio by 2023
The Federal Inland Revenue Service has said that it will raise Nigeria’s tax ratio to Gross Domestic Product ratio from...
Read more
Reps order 400 exotic cars, reject Nigerian brands
The House of Representatives has resolved to acquire Toyota Camry 2020 model for members as official cars, otherwise called utility...
Read more
NNPC, IOCs commit $360m to Ogoni clean-up project
The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture (JV) partners have disbursed $360 million towards the Ogoniland Clean-Up...
Read more
Our tariffs up by 50% April 1 –Ikeja Disco
Ikeja Electric Plc says its tariffs will go up by 50 per cent beginning from April. The Disco disclosed this...
Read more
FMBN disburses N238 billion in 27 years
The Federal Mortgage Bank of Nigeria (FMBN), said it has disbursed about N238billion in 27 years, which has helped to...
Read more
Stanbic IBTC Leads Afreximbank’s N300bn Bond Issiuance Programme
Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings Plc has established a N300 billion Domestic Bond Programme...
Read more
Nigeria’s investments on fixed assets hit $39.2bn in 5 yrs
Nigeria’s Fixed Gross Investments rose by $39.2 billion in five years, from $59.6 billion recorded in 2016 to $98.2 billion...
Read more
CFAO introduces Trade-in scheme
In a bid to ease new car ownership for Nigerians, CFAO Motors, the sole distributor of Suzuki cars in Nigeria,...
Read more
Savings Accounts Not Exempted from Stamp Duty Charges, Says FG
The federal government has clarified that deposits into savings accounts that is up to N10,000 are not exempted from the...
Read more
IFRS 17 to boost insurance sector’s global competitiveness
The insurance sector in Nigeria has the opportunity to compete with the peers around the globe once the much anticipated...
Read more
Milk import waiver: Experts differ on CBN concession to 6 firms
Economic experts have differed on the latest Central Bank of Nigeria’s (CBN) decision to exclude six milk importers from the...
Read more
Nigeria, other African countries’ debts raise new fears
The pace of debt accumulation by the continent’s economies, with particular reference to the sub-Saharan Africa (SSA), where Nigeria assumes...
Read more
Nigerians in China seek evacuation over coronavirus
Some Nigerians still in China, including students, are not happy they are ‘trapped’ in the Asian country. A Nigerian student...
Read more
Power sector loss hits N1.7trillion
THE Nigeria Electricity Regulatory Commission (NERC) on Thursday said that the entire market participants in the Nigeria Electricity Supply Industry...
Read more
CBN Offers Longer-term Naira Contracts to Lure Investors
The Central Bank of Nigeria (CBN) has introduced longer-term contracts on the naira in a move to attract more foreign...
Read more
West African traders seek end to international border closure
West African cross border traders under the aegis of the West Africa Association for Cross Border Trade in Agro-Forestry Pastoral...
Read more
FG, states, others shared N8.15tr in 2019 – NEITI
Nigeria Extractive Industries Transparency Initiative NEITI) on Thursday reported that the three tiers of government shared the sum of N8.15...
Read more
Senate summons AGF, CBN over N596bn ecological fund
The Senate, on Thursday, following an audit query from the office of the Auditor General of the Federation, summoned the...
Read more
Stakeholders Harp on Need for Private Capital to Fund Infrastructure
Capital market stakeholders have stressed the need to attract private and domestic capital for funding of critical infrastructure in the...
Read more
No privatisation of refineries, JV assets yet, says BPE
There are no plans yet to privatise Nigeria’s ailing refineries, at least not for the 2020 fiscal year, meaning that...
Read more
Nigerian phone vendors stuck in China over coronavirus
Vendors of phones and other technology products from Nigeria who travelled to China for the Chinese festival shopping season in...
Read more
Stakeholders berate CBN over $17 billion illicit financial flows
Illicit Financial Flows (IFFs) out of Nigeria may not subside unless the Central Bank of Nigeria (CBN), takes a bold...
Read more
Powered by Agusto & Co.