Business

As the Nigeria Inter-bank Settlement System (NIBSS) and its partners executed 285 million Point of Sale (PoS) transactions last year, its Acting Managing Director, Mr. Niyi Ajao, is upbeat that the figure is…

No fewer than 525 farmers in Imo State will benefit from agricultural inputs distribution under the Central Bank of Nigeria (CBN’s) Anchor Borrowers’ Programme for the 2019 wet season farming. The…

Point of Sale (POS) transactions is leading other e-payment channels, rising from nine million transactions in 2013 to 285.89 million last year, the Central Bank of Nigeria (CBN) has said. CBN Deputy…

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has been conferred with the highest discloser status by the global extractive industries watchdog, Extractive Industries Transparency Initiative, EITI.The…

On behalf of the Federal Executive Council (FEC), and Nigerians in general, President Muhammadu Buhari congratulates First Bank Nigeria Limited on its 125th anniversary, which historically and remarkably…

Travelex Nigeria Limited at the weekend disclosed that Nigeria and other African countries “are losing over $50 billion annually through illicit financial flows.” Travelex, a foreign exchange firm,…

Owing to the non-review of the Multi Year Tariff Order (MYTO) since February 1, 2016, the shortfall of the Nigerian Electricity Supply Industry (NESI) has exceeded N1.4trillion. The Executive Director,…

Olatunji Lawal, is Managing Director, Toons Consolidated Limited; a company that export hibiscus flowers, dry-split ginger and some other Agro ccommodities from Nigeria. In this interview, he speaks with…

From Nigeria being the world’s second largest rice importer years back, the narrative appears to have changed as the country continues to take steps to ramp up domestic production.According to a recent report, Nigeria has…

Credit Suisse Group AG boosted Chief Executive Officer Tidjane Thiam’s compensation by about 30 percent even as the stock slumped, a move that risks reigniting a debate over the size of executive payouts at the Swiss…

…Appeal to him to intervene…The issues, fa cts,   figuresThe controversy over the status of the traders in Trade Fair Complex is fraught with many ambiguities.While the traders claim there is a valid 49-year lease with an…

Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has said that MTN Nigeria has not filed any application that could kick-start regulatory consideration of the proposed listing…

The National Bureau of Statistics (NBS) has disclosed that Ogun produced the highest tonnes of solid minerals in the country in 2018. The NBS disclosed this in its State Disaggregated Mining and…

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Thursday projected that the Nigerian economy would grow by three per cent in 2019, higher than the 1.93 per cent it achieved in 2018.…

Contrary to speculations in some quarters, the TraderMoni scheme and other GEEP micro-credit products (MarketMoni and FarmerMoni) – a component of the Buhari administration’s Social Investment Programme, are still…

Hope has rekindled for the actualisation of the Train 7 of the Nigerian LNG Limited as the federal government and the shareholders of the gas-processing and liquefaction company will today in Abuja, sign…

THE successful conduct of the general elections is rubbing off positively on investments, with the inflow of over $6 billion into the local bond market. Central Bank of Nigeria (CBN) Governor Godwin…

ORGANISED Private Sector, OPS, yesterday,  cautioned against plan by the Federal Government to increase Value Added Tax, VAT, warning that it would hurt manufacturers, businesses and consumers alike.OPS in a statement by…

Udoma Udo Udoma, the minister of budget and national planning, says the federal government will sell some of its stakes in joint ventures with Shell and Chevron to improve its finances. At present, the…

Ahmed Kuru, managing director of the Assets Management Corporation of Nigeria (AMCON), says the failed bank act needs to be re-introduced to check the resurgence of toxic loans in the banking system. In…

The Federal Inland Revenue Service (FIRS), has dismissed media reports quoting its Chairman, Mr. Tunde Fowler, as suggesting an increase in the rate of of Value Added Tax (VAT) from five per cent to 50 per…

The Federal High Court (FHC) has sanctioned the approved scheme of merger between Access Bank Plc and Diamond Bank Plc, the final seal that effectively brings the merger of the two commercial banks into…

Reports show that women make up 49% of Nigeria’s adult population. However, only about 42% of them have access to formal financial services. Moreover, 42.7% of Nigerian women are business owners out of…

Industrialists and experts have opposed the idea of increase in the rate of Value Added Tax (VAT) in Nigeria. The Federal Inland Revenue Service (FIRS) yesterday said Nigerians should brace up for an…