AfDB’s faults World Bank on Nigeria, Africa’s debt profiles
The African Development Bank has said that the upward debt trend of some African countries did not portend systemic risk…
Year: 2020
Indiscriminate tax waivers affected FIRS revenue target — FIRS boss
The Executive Chairman Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, has blamed non-discretionary tax waivers, illicit financial outflows and…
Forex: CBN introduces longest Naira-settled Forwards contract
In a bid to reduce demand pressure in the foreign exchange market, and enhance dollar inflow into the economy, the…
Agriculture: CBN’s revised policy on the dairy industry
In a recent circular signed by the Director, Trade and Exchange, Dr Ozoemena Nnnaji, the CBN restricted the number of companies…
SEC may announce new recapitalisation programme for capital market operators
Capital market operators should be bracing up for recapitalisation programme as indications emerged on Thursday that the Securities and Exchange…
Diaspora remittance: Reps, NIDCOM reject CBN’s currency conversion policy
The House of Representatives and the Nigerians in the Diaspora Commission have criticised the Central Bank of Nigeria policy that…
Tin Can Command targets N540 billion revenue for FG in 2020
The Tin Can Island Command (TCIC) of the Nigerian Customs Service has disclosed plans to achieve its N540 billion revenue target this…
CBN’s N154.38 billion T-bills auction over subscribed by 46% as rates fall marginally
The Central Bank of Nigeria’s (CBN) second Treasury Bills Auction of the year worth N154.38 was oversubscribed by 46% yesterday, with marginal fall…
NLNG signs supply agreement with Galp Trading SA
Nigeria Liquefied Natural Gas (NLNG) has signed an agreement with Galp Trading SA to supply one million tonnes of LNG per year.…
Uber, Bolt riders lament over high charges, as Okada ban persists in Lagos
The effect of the ban of commercial motorcycles in some key areas in Lagos is gradually creating holes in the…
Customs seizes bags of contraband rice disguised as beans
Adamawa/Taraba State Customs Command of the Nigeria Customs Service, NCS, has impounded trailer load of 330 kilogrammes of Pangolin scales,…
NSE to complete demutualisation process, April 24
All is now set for the final conversion of the Nigerian Stock Exchange, NSE, to a public liability company as…
FG discovers crude oil in north, says there’s more
About one billion barrels of crude oil has been discovered in the North-Eastern part of Nigeria, the Minister of State…
Harmattan grounds foreign, domestic flights in Nigeria
Harmattan hays have caused flight cancellation and delay in the Nigerian Aviation sector grounding foreign airlines throughout the week. The harmattan has led…
Access Bank N15bn Green Bond sets for cross listing
The Access Bank’s proposed listing of its N15 billion Green Bond on the Luxembourg Stock Exchange (LuxSE) has created some…
BPE to raise N267bn from privatization of 20 coys
The Director-General of the Bureau of Public Enterprises, BPE, Mr Alex Okoh, has advised against re-nationalisation of the nation’s electricity…
Stocks gain as data shows lower new coronavirus cases
Stock markets around the world scaled fresh records after China reported the lowest number of new coronavirus cases since late…
Production, employment’s growth slow in January – CBN
Production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate in January…
NLNG achieves 83 percent of its Nigerianisation target
THE Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process…
Brexit may present Nigeria mixed trade opportunities
The recently concluded deal on Britain’s exit of the European Union, popularly called Brexit, may present Nigeria with transaction uncertainty…
Dangote remains Africa’s wealthiest person for 9th consecutive year
For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa,…
Hike in CRR may impair credit allocation to real sector — Rewane
The recent increase in banks’ Cash Reserve Ratio (CRR) by the Central Bank of Nigeria (CBN) to 27.5 percent may…
‘Infrastructure development in Lagos will boost diaspora investment’
Governor Babajide Sanwo-Olu has said the ongoing infrastructural development programme of the Lagos State Government, is a deliberate effort to…
Google launches $1 million fund for online safety
In a bid to support innovative ideas around privacy, safety and security in Sub-saharan Africa, Google has launched a $1 million pan-African…
AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank
World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development…
NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant
A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja, signed between the Nigerian National Petroleum…
Shell, NNPC lament over Nigeria’s electricity deficit
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity supply in Nigeria despite the abundant…
Trade challenges ahead for the shipping industry
BREXIT, IMO 2020 and the Coronavirus are plaguing the shipping industry of late and ECSA (European Community Shipowners’ Associations) is…
Quality of local rice improves as food prices drop across major markets
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey revealed that…
Customs to take delivery of 3 scanners by Q2’20
NIGERIA Customs Service, NCS, is set to take delivery of three scanners by end of the second quarter 2020, Vanguard…