Business

In another desperate attempt to increase lending to the real sector, the Central Bank of Nigeria (CBN) came out with guidelines to mandate commercial banks to direct credit to real sectors of the…

STATE-RUN oil firm, the Nigerian National Petroleum Corporation (NNPC) is set to introduce the Incorporated Joint Venture (IJV) model to replace all the Joint Venture exploration and production…

The Central Bank of Nigeria (CBN) has issued a circular mandating commercial banks operating in the country to lend out up to 60% of their customer deposits. The Governor of the apex bank, Godwin…

—Reiterates Commitment to Excellent Service Delivery On Wednesday, July 3, 2019, First City Monument Bank (FCMB) opened a new ultra-modern branch in Ile-Ife, Osun State.  The new branch is located at 3, Akarabata Layout (along…

Barely two years after the Nigerian National Petroleum Corporation (NNPC) signed a Cash-call Repayment Agreement with its Joint Venture partners to defray cash-call arrears within a period of five years,…

International Monetary Fund (IMF) Managing Director Ms. Christine Lagarde resigned from the Fund to head European Central Bank. In a statement, she said: “I am honored to have been nominated…

Central Bank Governor, Godwin Emefiele listed conditions under which the naira could be devalued. He made this disclosure at the African Investor Conference which took place in London. The…

National Bureau of Statistics (NBS) said that Nigeria’s total Capital Importaion in the first Quarter of 2019 rose by 34.6 percent year-on-year to $8.5 billion  The Bureau disclosed this in it’s Capital…

The Nigerian Stock Exchange (NSE) has suspended trading on the shares of Conoil Plc for failing to file its accounts by the expiration of the grace period. In a statement released on Tuesday, Godstime…

From one market in Zamfara to another in Anambra, you would spot him with a computer tablet, pacing from one store to the other attending to petty traders who want to grow their businesses but do not have…

Trying to plan a last-minute trip this summer? Check out some interesting locations you can visit on a budget with lots of exciting activities to add to your itinerary. Zanzibar Zanzibar is famous for…

The Securities and Exchange Commission (SEC) is planning to partner the Federal Inland Revenue Service (FIRS), the Corporate Affairs Commission (CAC), and the Nigerian Stock Exchange (NSE), over …

The Chairman of the Joint Tax Board (JTB) and Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has disclosed that the tax agency is set to launch a new Tax Identification Number registration…

The Joint Sector Review (JSR) has said that Nigeria’s agricultural sector showed eight institutional performance improvement in the Comprehensive African Agricultural Rural Development Programme…

The Securities and Exchange Commission, SEC, has again reiterated its earlier directives to shareholders of defunct Skye bank to claim their dividend payment. This the SEC said is part of its…

The Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman, in this no-holds barred interview with Deputy Editor Olayinka Oyegbile and Ibrahim Apekhade Yusuf, speaks on her…

History, they say, always repeats itself. This assertion proved true last Monday when the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, fired a warning shot to the  banking…

The Authority of ECOWAS Heads of State and Government on Saturday adopted ECO as the name of the single currency to be issued in January 2020. The leaders at their 55th Ordinary Session in Abuja endorsed…

No fewer than 14 local, regional and international oil companies that bid for the 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) contract have emerged successful, PREMIUM TIMES learnt.Although many of the…

In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday injected about $242.04million into the retail Secondary Market…

Innoson Vehicle Manufacturing, the Nigerian automobile manufacturer, in a twitter post announced that it will partner with Multi-Choice in this year’s edition of the Big Brother Naija (BBN) show. The…

The Federal High Court in Lagos, Southwest Nigeria on Friday ordered  Shell Petroleum Development Company (SPDC) to pay the Federal Inland Revenue Service, FIRS, the sum of $10 million as unremitted…

As part of its commitment to entrench good corporate governance in Nigeria, the Institute of Directors (IoD) Nigeria has established a panel to investigate the lingering dispute between the…

Airtel Africa will list its shares on the Nigerian Stock Exchange (NSE) on Friday, July 5, TheCable understands. The company listed its shares on the London Stock Exchange on Friday morning and is…