National Assembly Is Broke, Needs Bigger Budget To Be Efficient –Reps
The House of Representatives has said the National Assembly is underfunded to function efficiently and effectively as a national parliament.…
Category: Local
NANS Commends CBN Cash For Dollar Policy
The National Association of Nigerian Students (NANS) has commended the Central Bank Nigeria (CBN) Governor, Mr Godwin Emefiele for the…
Federal Government Replaces FIRS With NIPOST As Stamp Duty Collector
The Nigerian government on Thursday said it has replaced the Federal Inland Revenue Service (FIRS) with the Nigeria Postal Service…
‘Nigeria Loses $235b To Non-Passage Of PIB’
Deputy Senate President, Senator Ovie Omo-Agege said yesterday that Nigeria had lost about $235 billion to the non-passage of the…
Nigerian Banks To Stop “Instant Completion” For Forex Transfers Online
Commercial Banks in Nigeria are informing customers that they can no longer make instant online transfers out of their domiciliary…
Nigeria Does Not Have A Fulani Problem: What We Have is A Food Production Challenge
Even the most egregious and utterly deplorable religious and ethnic dimensions of the present farmer-herder crisis are ultimately symptomatic, not…
Central Bank Of Nigeria’s NIRSAL Reopens Portal For MSMEs, Individuals To Access Up To N25 Million
The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has reopened its portal for Micro Small and Medium Enterprises…
Renewed Confidence, Excitement As Nigeria Stock Exchange Completes Demutualisation Exercise
Completion of the 10 -year demutualisation project of the Nigerian Stock Exchange (NSE) has opened a new vista, especially growth…
Nigerian Payments Startup Flutterwave Now Valued At Over $1Bn. Raises $170m
Nigerian payments startup, Flutterwave, has closed a $170m Series C funding round, the largest amount ever secured by an African…
Nigeria, Largest Economy In Africa – UAE
The United Arab Emirates (UAE) on Wednesday, said Nigeria remained the largest economy in Africa. This was contained in a statement…
UBA Group MD Explains Conservative Dividend Payout
The Group Managing Director/CEO of United Bank for Africa Plc, Mr. Kennedy Uzoka, has said the bank reduced its dividend…
Stakeholders Foresee Growth Opportunities In NSE’s Demutualisation
Stakeholders in the capital market have hailed the final approval given by the Securities and Exchange Commission (SEC) and the…
Using Ibori Loot For Lagos-Ibadan Expressway, Abuja-Kano Rail Line Unjust – Sagay
The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has advised the President, Major General Muhammadu Buhari (retd.),…
Nigerian Stock Market Rises By N128bn On Demutualization
The nation’s bourse on Wednesday overcame its negative posture growing by N128bn following bargain buying in Dangote Cement and Nestle…
Best Nigerian Stocks In 2020 Based On Dividend Yield
These are stocks that offered their investors the highest dividends for every naira invested in 2020 based on announced dividends…
How To Make PIB Beneficial To The Nigerian Govt. And Nigerians By Stakeholders
Some stakeholders, yesterday, brainstormed on some of the issues delaying passage of the 20-year old Petroleum Industry Bill (PIB), suggesting…
Senate Alleges N120billion Fraudulent Fuel Subsidy Payment
The Senate Committee on Public Accounts, yesterday, said it had uncovered a N120 billion differential in subsidy payment to the…
Two Out Of Five Bank Workers Are Contract Staff – NBS
Two out of every five people working in Nigerian banks are contract staff, analysis of data provided by the National…
UAE Extends Ban On Nigeria Flights To March 20
The United Arab Emirates has extended its ban on Nigerian flights till March 20. A statement from the public relations…
ICYMI: I Didn’t Defraud FG Of N51bn, N2.5bn –Buhari’s Daughter
One of the daughters of the President, Zahra Buhari-Indimi, has said she did not defraud the Federal Government of Nigeria…
Wage Bill Protests: National Assembly, Labour Meet Tuesday As Sponsor Knocks Unions
The leadership of the National Assembly will, on Tuesday next week, meet labour leaders over a bill which seeks to…
Dangote Set To Earn N13bn In Dividend From Sugar Business
Chairman of Dangote Group, Aliko Dangote, is expected to earn a dividend of N13.1bn for the financial year 2020 from…
FCMB Introduces Paperless And Cardless Transactions At Branches, ATMs And POS Terminals
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints…
Nigerien President Wins $5 Million Mo Ibrahim Prize
President of Niger, Mahamadou Issoufou, has won the $5 million 2020 Ibrahim Prize for Achievement in African Leadership, the Mo…
NPA Issues New Guidelines To Truckers Curbing Confusion, Irregularities
Following the challenges limiting the efficiency of the newly introduced electronic call-up system for management of truck traffic into Lagos…
Nigeria Provisionally Awards Tenders To Develop 57 Marginal Oilfields -Sources
Nigeria’s petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four sources familiar with the matter…
CBN’s Naira-For-Dollar Policy Will Boost Economy
The African Centre for Justice and Human Right (ACJHR), by Nduka Edede Chinwendu, has hailed the introduction of the ‘Naira-for-Dollar’…
Pound-Dollar Rate Still An “Undervalued” Buy At CBA
The Pound-to-Dollar rate is this week struggling to recover back above 1.39, but Sterling remains significantly undervalued on at least…
Nigerian Stock Exchange Wins Approval For Public Listing
The Nigerian stock exchange said on Wednesday it has won regulatory approval paving way for a public listing of its…
CBN’s FX Policies Spurred Popularity Of The Parallel Market
The parallel market in Nigeria is out of favour with policymakers again, but it is still wildly popular among economic…