OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak
OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional…
FX intervention pressure mounts on Brazil central bank to sell dollar reserves
Brazil’s currency is weakening so quickly the central bank may soon be forced to set aside its free-market…
IMF: coronavirus means 2020 growth will be lower than 2019
The International Monetary Fund is to offer $50bn (£39bn) in emergency funding for countries hit by the…
Moving goods from Apapa port 10 times costlier than Ghanaian, South African ports
A research carried out by SBM Intelligence has shown that it is 10 times costlier to move goods from the port in…
Next Bank of England governor calls for funds for coronavirus-hit firms
The incoming governor of the Bank of England, Andrew Bailey, has called on the government to offer emergency…
CBN widens activities of Mfbs to include issuance of CPs
The Central Bank of Nigeria (CBN) has widened the permissible activities of Micro Finance Banks (MfBs) to include…
Forex racketeering: Reps probe CBN, FIRS, others over $30bn leakages
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue…
South Africa Central Banker Sees No Need for Emergency Rates Meeting
South Africa’s central bank sees no need for an emergency meeting on interest rates and will wait for its regular…
Nigeria Senate Approves President’s $23 Billion Loan Request
Nigeria’s Senate approved President Muhammadu Buhari’s plan to borrow $22.7 billion from external creditors to…
Vitafoam reassures as shareholders okay N525.4m dividend
THE board and management of Vitafoam Nigeria Plc yesterday reassured shareholders and other stakeholders that the…
Court grants claim for breach of contract against Shell
A Lagos High Court has set aside the arbitral tribunal award, which dismissed Global Gas and Refining Limited’s…
Zenith Bank Emerges As The Most Valuable Banking Brand
ZENITH Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the recently released Banker…
Report Says Port Transport Is 10 Times Costlier In Nigeria Than Ghana, SA
Local transportation of goods from Apapa and Tincan Island ports in Lagos costs up to 10 times higher than the…
Ikeja Electric Gets New CEO
Ikeja Electric Plc, one of the nation’s power distribution companies, has announced the appointment of Mrs Folake…
Bashir Jamoh Replaces Peterside As NIMASA DG
The President, Major General Muhammadu Buhari (retd.), has approved the appointment of Bashir Jamoh as the…
FEC okays $2.571b Ajaokuta-Kaduna-Kano gas project
THE issuance of a sovereign guarantee to the tune of 85 per cent of the Engineering Procurement and Construction…
Coronavirus: Nigeria may review 2020 budget – minister
The fast-spreading coronavirus from China is threatening Nigeria’s main source of revenue – oil.
To this end,…
Nigerians, operators kick as FIRS plans to impose VAT on sports betting
For a while, the sports betting industry in Nigeria has been rife with the news that the Federal Inland Revenue…
Pricing, infrastructure imbalance worsening Nigeria’s CNG investments deficit –…
Inappropriate pricing, infrastructure shortages and absence of a regulatory agency are partly responsible for…
Global bankers’ committee reviews banking risks
The Basel Committee on Banking Supervision has concluded a two-day meeting in Basel during which the global…
FIRS eyes N4trn tax revenue from oil firms
In its bid to meet government’s 2020 revenue target, the Federal Inland Revenue Service (FIRS) on Tuesday said it…
How Economic Crisis forced 42 Lagos SMEs to shut down
At least 42 Small and Medium Enterprises in Lagos have been forced to shut down due to huge losses resulting from…
China overtakes Germany as biggest containership nation
CHINA has overtaken Germany as the biggest nation in the container shipping sector in terms of total TEU.
“The…
Obiora assumes duty as CBN Deputy Governor
KINGSLEY Obiora has assumed duty as Deputy Governor of the Central Bank of Nigeria (CBN).
He replaces Okwu…
Despite Stamp Duty Charge, PoS Transactions Hit N874bn In 3 Months
Despite the implementation of the stamp duty charge of N50 on Point of Sale transactions above N1,000, the value of…
Dangote Refinery to employ over 70,000 workers, says CBN
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said Dangote Refinery will employ over 70,000 Nigerians…
Unity Bank seeks more investment in creative industry
Unity Bank Plc has advocated more investments in the creative industry to drive its contribution to the Nigerian…
Tax compliance in Nigeria laborious – Taxaide boss
The Chief Executive Officer Taxaide, Bidemi Olumide, has said that the process of collecting, computing and paying…
Carbon launches USSD service to enhance access to finance
Carbon, the Pan-African digital financial services company, has introduced a USSD service to its platform, making…
No more reward for bogus investors – Ahmed, Finance Minister
For bogus investors, the honeymoon is over! It is not going to be business as usual in Nigeria as the Minister of…