Recapitalisation: Insurance stocks dormant despite deadline extension
THE shift in the deadline for insurance firms to beef up their capital in compliance with the new minimum capital…
Year: 2020
New VAT regime, upward inflationary pressures are key economic headwinds – Cordros Research
Cordros Research has declared that the new Value Added Tax, VAT regime and persistent upward inflationary pressure are key economic…
100 tonnes of mutilated naira notes destroyed weekly—CBN
THE Central Bank of Nigeria (CBN) said that about 100 tonnes of bad naira notes were generated as waste and…
Investors lose N153.6 bn amid sell-offs in blue-chip companies
Investors in the nation’s stock market on Monday (today) lost over N153.6 billion of their investment following the sell-offs of…
Amazon’s Jeff Bezos sells stock worth of $3.5bn
Jeff Bezos is on a selling spree. Stock disposals by Amazon.com’s founder and CEO over the past week have reached…
US, Nigeria hold talk on commercial & investment in Washington D.C
No doubt, this week was loaded, especially in Washington D.C, where representatives from the United States of American and Nigerian…
Lagos state turns to Bolt, Uber; tackles them on operation permit
These are not good times for ride-hailing companies and their patrons in Lagos, as Governor Babajide Sanwo-Olu led administration has…
Credit Suisse chief Tidjane Thiam ousted after spying scandal
The Credit Suisse chief executive, Tidjane Thiam, has been ousted in the wake of a saga involving corporate espionage, an…
EFCC to probe $8m intercepted by Customs
The Nigeria Customs Service has said it will hand over the $8,065,612m intercepted at the Murtala Muhammed International Airport, Lagos…
External debt servicing gulps $1.08bn in nine months — DMO
The Federal Government spent a total of $1.08bn (N400.90bn) on external debt servicing between January and September 2019. Data obtained…
Non-oil export earnings fall by 37.8%
Earnings from non-oil exporters fell by 37.8 per cent in the last quarter of 2019, the Central Bank of Nigeria…
Ministers, agencies working at cross purposes, advisers tell Buhari
The Economic Advisory Council of the President, Major General Muhammadu Buhari (retd.), has identified the lack of “synergy” between Ministries,…
FCMB Deepens Empowerment of SMEs in Ogun State, as First Lady Commends Bank
First City Monument Bank (FCMB) has restated its commitment to the productivity and profitability of Small and Medium Scale Enterprises…
Warner Music set for US stock market flotation
Warner Music Group, home to a host of stars including Ed Sheeran and Katy Perry, plans to sell shares in…
Ghana goes after former Finance Minister over bank collapse, industry crisis
Ghana is coming after its former Finance Minister, Kwabena Duffuor, for his role in the activities that led to the…
Fidelity Bank appoints new Non-Executive Director
Fidelity Bank Plc has appointed Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director. The appointment, which has been approved…
Apple watch outsells entire Swiss watch industry
The Apple Watch wasn’t just the best-selling smartwatch last year, but also put the Swiss watch industry to shame, according…
US tasked to buy stakes in Nokia, Ericsson to battle Huawei
The tenuous relationship between the United States and the Chinese telecommunication giant, Huawei is about to take a new turn.…
Okada ban: Gokada plans to offer logistics, boat services
Ride-hailing service, Gokada doesn’t look at ditching its brand, even after being banned from operating alongside other commercial motorcycles (Okada)…
7.5% VAT on voice calls, SMS: Direct your anger to FIRS ― Pantami
The Minister of Communications and Digital Economy, Dr Isa Ibrahim Pantami says the issues of VAT, does not fall under…
Nigeria’s revenue problem worries foreign investors — Khan
Foreign investors are worried about the low level of government revenue in Nigeria and the implication for the country’s ability…
FG plans clampdown on illegal LPG marketers
The Federal Government, yesterday, set a two-month deadline for marketers and dealers of liquefied petroleum gas, LPG, also known as…
Mining to contribute 3.0% to GDP by 2025
Yesterday, at the Mining Indaba conference held in Cape Town, the Nigerian Minister for Mines and Steel Development, Olamilekan Adegbite…
Debt exceeds revenue in 36 states, FCT, says FRC
All the 36 states of the federation contravened the guidelines of the Debt Management Office by contracting debts exceeding their…
N1.5tn revenue target for Customs too high — Stakeholders
Stakeholders have faulted the government for setting revenue target of N1.5tn for the Nigeria Customs Service this year. They insisted…
Berger Paints, Lagos govt in partnership talks
Berger Paints Plc has revealed plans to enter into a strategic partnership with the Lagos State Government on infrastructural projects.…
FG to reform business, land registration processes
The Presidential Enabling Business Environment Council has introduced its fifth National Action Plan aimed at rapid implementation of reforms for…
Elon Musk’s wealth rises by $13bn as Tesla hits stock boom
Elon Musk is charging up his fortune. The Tesla chief’s net worth has grown more than any other billionaire’s so…
Subscribers may no longer have access to more than three phone lines
An individual may no longer be able to own more than three phone lines going by a directive handed down…
Fish importation to stop in 2022 – FG
Fish importation will stop in 2020, the Federal Government has assured. It said it would encourage local fish production to…