Category: Economy

Ambode Denies Link To N9.9b Bank Account
August 9, 2019 No Responses

Ambode Denies Link To N9.9b Bank Account

The immediate past governor of Lagos State, Mr. Akinwunmi Ambode, has denied ownership of any bank account containing N9.9billion.The Economic and Financial Crimes Commission (EFCC) recently disclosed that it had frozen certain accounts linked to some former lagos state personnel.The...
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Nigeria To Address VAT Exemption, Others On Capital Market Transactions
August 5, 2019 No Responses

Nigeria To Address VAT Exemption, Others On Capital Market Transactions

The Federal Government has stated that it is already tackling the issues regarding stamp duties collection and the extension of the VAT exemption on capital market transactions.This was stated by Vice President Yemi Osibanjo at the Awards Night of the...
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NNPC Attributes Increase In Price Of Kerosene To Pressure Of Demand, Supply
August 5, 2019 No Responses

NNPC Attributes Increase In Price Of Kerosene To Pressure Of Demand, Supply

The Nigerian National Petroleum Corporation (NNPC) has attributed the increased in the price of household Kerosene in the country to the pressure of demand and supply.The NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, told the News Ag...
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Omo-Agege To Oil Firms: Relocate Headquarters To N/Delta
August 4, 2019 No Responses

Omo-Agege To Oil Firms: Relocate Headquarters To N/Delta

Deputy President of the Senate Ovie Omo-Agege has urged oil companies operating in the Niger Delta region to relocate their headquarters to the region.Mr. Yomi Odunuga, his Special Adviser on Media and Publicity in astatement on Saturday in Abuja, said...
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NIS Generates N39.06b Local Revenue
July 15, 2019 No Responses

NIS Generates N39.06b Local Revenue

The Nigeria Immigration Service (NIS) generated N39.06 billion in 2018 as against N35.72 billion it generated as local revenue in 2017, the National Bureau of Statistics (NBS) said. The bureau said this in its “Immigration Statistics of 2018”, obtained fro...
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CBN To Sustain Float Exchange Rate Regime
June 24, 2019 No Responses

CBN To Sustain Float Exchange Rate Regime

The Central Bank of Nigeria says it will continue to operate a managed float exchange rate regime to reduce the impact of continuous volatility in the exchange rate on the economy.The CBN Governor, Godwin Emefiele, said this while reeling out...
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Nigeria Harps On Good Corporate Governance, Inaugurates SEC Board
June 24, 2019 No Responses

Nigeria Harps On Good Corporate Governance, Inaugurates SEC Board

Listed companies in the Capital market have been urged to imbibe good corporate governance and accountability in a bid to accelerate the growth of the market and increase both domestic and foreign investor participation.This was stated by the Permanent Secreta...
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Dangote Cement Terminals To Generate $700m Forex
June 18, 2019 No Responses

Dangote Cement Terminals To Generate $700m Forex

Dangote Cement Plc is to generate $700million forex from the  cement terminals being constructed in Lagos State and Onne, Rivers State.  Speaking at the 10th Annual General Meeting on Monday in Lagos, chairman of the company, Aliko Dangote, explained...
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ICC Nigeria, Gates Foundation Implore FG On Food Security
June 18, 2019 No Responses

ICC Nigeria, Gates Foundation Implore FG On Food Security

The Chairman of the International Chamber of Commerce Nigeria, who is also the Regional Coordinator of the global body for Sub-Saharan Africa, Babatunde Savage, has declared that the Federal Government of Nigeria and every other stakeholder need to devise a...
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NNPC Inaugurates Trading Company’s New Office
June 15, 2019 No Responses

NNPC Inaugurates Trading Company’s New Office

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has tasked staff of the National Oil Company to boost their productivity.The NNPC helmsman’s charge came during his inauguration of a new office complex of its ...
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Nigeria Customs Generates N5.5b Daily
June 14, 2019 No Responses

Nigeria Customs Generates N5.5b Daily

The Nigeria Customs Service (NCS) generates not less than N5.5 billion daily.The Comptroller-General (CGC), Hameed Ali, made this known during a working visit to the headquarters of the National Association of Government Approved Freight Forwarders (NAGAFF) in...
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Fidelity Bank, NIPOST Seal Agency Banking Partnership
June 14, 2019 No Responses

Fidelity Bank, NIPOST Seal Agency Banking Partnership

The Deputy Managing Director Fidelity Bank Plc, Mohammed Balarabe says the bank will provide banking services in 266 branches through its Agency Banking Partnership with NIPOST towards deepening financial inclusion in the country.The DMD, who disclosed this in...
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CISI, NCMI Sign MoU To Boost Capital Market Growth
June 12, 2019 No Responses

CISI, NCMI Sign MoU To Boost Capital Market Growth

The Securities and Exchange Commission (SEC)/Nigerian Capital Markets Institute (NCMI) and the Chartered Institute for Securities & Investment (CISI)  have commenced a partnership, which will continue the NCMI’s important mission to be a cataly...
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NPA Approves 10 % Discount On Habour Dues
June 11, 2019 No Responses

NPA Approves 10 % Discount On Habour Dues

As part of efforts to increase patronage at the Eastern Ports, the management of Nigerian Ports Authority (NPA) has approved a ten Percent (10%) discount on harbour dues in all concession terminals at the Eastern Ports. A statement issued by General ...
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