Include Revenue Sources In Budget Proposals, FG Tells MDAs
The Federal Government has directed all Ministries, Departments and Agencies of government to include revenue sources, and not just expenditures,…
Year: 2021
NNPC Earned N4.61tn, Spent N4.52tn in 2020 — BudgIT
The Nigerian National Petroleum Corporation earned revenue of N4.61tn and spent N4.52tn in 2020, according to a report released on…
Match Shares Soar On News It Will Join S&P 500
Shares of Match Group rose more than 8% after hours, following news that the company is joining the S&P 500.…
CBN Gets Eight New Directors
Nwanisobi had been in acting capacity since last October, when his predecessor, Isaac Okorafor retired. A statement from the CBN…
Africa’s Cross-Border Trade is Worth $93b – Osinbajo
The Vice President, Professor Yemi Osinbajo, has estimated the value of informal trade in the African Continent to be in…
Reserves Hit Two-Month High, Naira Plunges Further
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly,…
Oil Set For Second Weekly Gain As Stockpiles Drop, Dollar Eases
Oil headed for a back-to-back weekly gain, supported by signs that the global crude market is tightening and a weaker…
Canada FX Debt-Canadian Dollar Climbs To 2-Week High As Oil Rallies
The Canadian dollar rose to its highest level in more than two weeks against its broadly weaker U.S. counterpart on…
Yuan Retreats After Touching Month High, Weak Services Activity Dampens
China’s yuan briefly touched a one-month high against a softer dollar before giving up all the gains by midday on…
Emirates Extends Suspension Of Nigerian Flights To September 19
Travel to and from Nigeria remains suspended as there is no testing facility available at Lagos airport Emirates has extended…
Sylva To Launch $50m Oil Industry Research, Development Fund Protocol
The Minister of State for Petroleum Resources, Chief Timipre Sylva, will next week launch the oil and gas Research and…
Ogun Unveils Business Registration Portal, Waives Backlog
As part of efforts to address challenges in business premises registration and improve the ease of doing business, the Ogun…
Brent Crude Crosses $73 Per Barrel
Oil prices rose more than $1 a barrel yesterday, rebounding on optimism about the pace of global economic growth despite…
Analysis-Weak August U.S. Jobs Report Throws Doubt On Fed Taper
The weak U.S. jobs report for August complicates what had seemed a clear path for the Federal Reserve to begin…
Chevron Braces For Activist Challenge; Meets Engine No.1 Representatives- WSJ
Chevron Corp (CVX.N) is preparing to defend itself against a potential activist challenge and met with representatives of the pro-environment fund which…
Exclusive FedEx Faces Labor Union Challenge Over Billionaire CEO’s Pay
FedEx Corp (FDX.N) shareholders should reject founder and CEO Fred Smith’s $54 million pay package because the logistics company gave him stock…
Increasing Spending: FG’s Three-Year Deficit Hits N15.4tn Amid Revenue Crisis
Within a three-year period covering July 2018 to June 2021, the Federal Government recorded a fiscal deficit of N15.35tn, statistics…
Stock Market Halts Losing Streak, Investors Gain N35bn
Investors in the equities market of the Nigerian Exchange Limited gained N35.44bn fueled by buyer interest in large-cap stocks on…
Vodafone UK Refarms Block of 900MHz For 4G Use; Claims Breakthrough On Energy Consumption In 5GB
British mobile network operator (MNO) Vodafone UK has announced it is undertaking a project aimed at making ‘the best and…
Webuild Wins €1.26bn Contract To Build Self-Driving Highways
A consortium led by Italian builder Webuild has won a €1.26bn contract to design and build two sections of the…
LinkedIn Is Shutting Down Its Stories Feature To Work On Short-Form Video
Linkedin announced that that it will suspend its Stories feature on September 30 and begin working on a different way…
President Buhari Finally Receives NDDC Forensic Audit Report
President Muhammadu Buhari on Thursday received the final report on the forensic audit report of the Niger Delta Development Commission…
External Reserves Hit Two-Month High, as Naira Plunges Further
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly,…
VAT ‘War’ Between FIRS, States Leaves Businesses Confused
Taxpayers and business owners are scratching their heads over the authority to remit Value Added Tax (VAT), as the Federal…
Nigeria Govt Unveils Two Aircraft For Data Collection
The Federal Government has unveiled two aircraft earmarked for Airborne Geophysical Survey activities to enhance mining data collection in Nigeria.…
Nigeria: SEC Six-Month Expenses Outstrip Revenue By N1.65bn
The Senate on Thursday, raised the alarm that the Security and Exchange Commission, was gradually becoming insolvent and could go…
Nigeria: Senate Fear SEC May Liquidate By 2023
The Senate, yesterday, expressed apprehension that the Security and Exchange Commission (SEC) could become liquidated by 2023, following revelations by…
NEITI, ICPC Sign MoU To Curb Illicit Transactions
The Nigeria Extractive Industries Transparency Initiative on Thursday signed a Memorandum of Understanding with the Independent Corrupt Practices and Other…
Property Market on Steroids’: Asia-Pacific’s Real Estate Boom Sees Buyers Bidding Up Prices
Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic.…
Discos Paid N26.81bn For Electricity In June – NBET
The Nigerian Bulk Electricity Trading Plc has revealed that market receipts remitted by Distribution Companies in June 2021 amounted to…