Federal Govt to pay N272.9bn maturing bonds
The Federal Government allocated 2.6 per cent of its total expenditure totalling N272.9bn to settle…
Category: Local
Demurrage: Price increase looms, importers besiege SON
The inability of importers to upload the Standards Organisation of Nigeria’s Conformity Assessment Certificate on…
Gaming companies short-change FG by N591bn in 14 years — Burunji Kashamu
Lottery and sports-betting companies operating in the country have defaulted in tax payment and other…
Budget under threat as oil sinks to $54
The international oil benchmark, Brent crude, plummeted to its lowest level in more than a…
ABCON restates commitment to compliance, capacity devt
THE Association of Bureaux De Change Operators of Nigeria, ABCON, has its restated its commitment…
Finance Act will boost securities lending, REITs investment on capital market — Onyema
The Nigerian Stock Exchange (NSE) says securities lending will witness exponential growth with the elimination…
New finance Act to revive nascent $2.77bn asset management industry — NSE
The Chief Executive Officer, NSE Oscar Onyema stated this at a symposium on the Finance…
Business interruptions, growing cause of risk in Nigeria — Survey
The report further stated: “After seven years at the top, BI leaped from seventh to…
Confidence in economy drops in January — CBN
The report stated: “At 28.3 index points, the overall confidence index (CI) indicated respondents’ optimism…
IMF laments bad roads, absence of scanners at seaports
The International Monetary Fund has lamented the poor roads, lack of single-window platform and absence…
Minimum wage: TUC silent as ultimatum expires
It was gathered at the time of the ultimatum that about 15 states had started…
FAAN takes over MMIA toll gate from concessionaire
The Federal Airports Authority of Nigeria on Monday took over the Murtala Muhammed International Airport…
Honeywell records N58bn revenue in 9 months
HONEYWELL Flour Mills Plc has announced N58.2 billion revenue for the nine-month period ended December…
New VAT rate triggers rise in stock market transaction cost
STOCK market investors and operators will from today pay more as transaction cost for shares…
Domestic debt service of N607b and quests for more
The Federal Government incurred a debt service bill of N606.87 billion on domestic obligations alone…
Manufacturing PMI drops to 59.2 index points in January — CBN
The Central Bank of Nigeria, CBN, said that the Manufacturing Purchasing Managers Index, PMI, dropped…
Banks’ borrowing from CBN rises 215% to N19.5trn
BANKS’ borrowing from the Central Bank of Nigeria’s, CBN, rose by 215 percent year-on-year (y/y)…
Cadbury’s revenue, profit beat estimates in 2019
Cadbury has published its UNAUDITED FY 2019 results announcing a 9.3% y/y increase in Revenue…
Sterling Bank: Impressive growth in profit despite elevated OPEX
Sterling Bank (Sterling) released its FY 2019 UNAUDITED report, with Gross Earnings coming in flat…
Interswitch Limited lists N23 billion bond on NSE
The Nigerian Stock Exchange (NSE or The Exchange) has announced the listing of Interswitch Limited’s…
Guinness Nigeria: Revenue recovers but operating performance remains weak
On Thursday, Guinness Nigeria Plc released its H1 2020 financial report announcing 0.8% y/y increase…
Courteville, Jaiz Bank, Transcorp lead gainers’ chart on Friday
Courteville Business Solutions, Jaiz Bank, Champion Breweries, Transcorp and Oando made the list of top…
LAPO Microfinance Bank unveils ‘My Piking and I’
LAPO Microfinance Bank Limited has unveiled ‘My Pikin and I’, savings account designed to provide…
FG targets $150 billion revenue from Zero-oil plan
Through the implementation of the zero-oil plan, which comprises of non-oil commodities, the Federal Government…
Telecoms operators fined N2.9 billion over infractions
Four major telecommunication companies in Nigeria have been fined for various actions that contravene the…
Only 18.75% Lagos residents are registered taxpayers — LIRS
Lagos Inland Revenue Service (LIRS) has said that only 4.5 million or 18.75 per cent…
IGR: 36 States, FCT record N986.29bn in 9months
The 36 States of the federation and the Federal Capital Territory (FCT) recorded Internally Generated…
NNPC swapped N3.04tn crude for refined products
A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for…
CIBN tasks manufacturers on backward integration for rapid growth
The Chartered Institute of Bankers of Nigeria (CIBN), has said the manufacturing sector has huge…
How Nigeria gained $1 billion investments in Auto industry within a year
Nigeria’s automobile industry received a boost with over $1billion investments from renowned auto manufacturers in…