The IMF Executive Board has backed the proposal for a new general Special Drawing Rights (SDR) allocation equivalent to 650 billion dollars…
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BusinessEconomyNews
FIRS appoints banks as tax agent to recover over N1.8trn tax liability from Multichoice accounts
The Federal Inland Revenue Service (FIRS) has directed banks in which MultiChoice accounts are domiciled to freeze and recover N1.8 trillion from…
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Today, Nigeria equities market reversed gains recorded in the prior three sessions in the week as profit-taking in ACCESS (-3.2%), UBA (-2.6%), and STANBIC (-0.7%) dragged the All-Share Index down by…
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BusinessFinanceNews
Ecobank to ‘Ellevate” Nigerian women in business; Over 40m small businesses to benefit
Ecobank Nigeria has launched “Ellevate”, a gender-based proposition for women-owned businesses to reduce gender inequality in entrepreneurship and aid equal representation for…
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Nigeria Accident Investigation Bureau, AIB-N has released eight aircraft accident reports at its corporate headquarters in Abuja.This is the largest number of…
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The Nigeria Customs Service (NCS) has generated N1.003 trillion revenue in six months, according to the Spokesman of the Service, Joseph Attah.…
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Today, the local bourse sustained gains from the previous two sessions as bargain hunting activities in ACCESS (+2.7%), DANGSUGAR (+2.0%), and WAPCO (+1.6%) drove the…
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EconomyFinanceNews
Nigeria’s external debt to hit $40bn as Senate approves Buhari’s $6.1bn external borrowing request to fund 2021 budget
Senate has given its approval to Buhari led federal government to go ahead and borrow a total of $6.18billion that is N2.3…
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A Federal High Court, Abuja, on Wednesday, cleared the former Minister of Finance, Mrs. Kemi Adeosun, of National Youth Service Corps (NYSC)…
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Major Oil Marketers Association of Nigeria has challenged the Federal Government to create an environment that would make investors in the oil…
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The Abdul Samad Rabiu Africa Initiative (ASR Africa) – brainchild of Industrialist, philanthropist and founder of BUA Group, Abdul Samad Rabiu, and…
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The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy…
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FinanceNewsOil and Gas
South West Governors, Senators, Reps insist on 5% for Host Communities in PIB
Governors of the South West geo- Political zone of the country met with with Senators and members of the House of Representatives from…
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At the close of trade, the local bourse extended gains from the previous session as buying interest in bellwethers – SEPLAT (+7.1%),…
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BusinessEconomyNews
LCCI to Buhari: let there be proper fiscal, monetary policy coordination to drive investment inflows
President Lagos Chamber of Commerce and Industry Mrs Mrs. Toki Mabogunje hastasked the Buhari led administration to ensure that there is proper…