Business

The National Programme Manager of Popular Farms and Mills Limited, a division of Stallion Group of Companies in Kano State, Alhaji Suleiman Umar on Friday, declared that the company is targeting the…

Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has  reiterated that the over N5trillion bad debts, which Nigerians expect AMCON to fully…

Absa Group Limited, a South African financial services provider, says its planned expansion into Nigeria will kick off in the second half (H2) of 2019. Absa will focus on its corporate and investment bank (CIB)…

The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu has challenged exploration and production companies in Nigeria to strive to raise daily crude oil production to seven million barrels…

The Nigeria Customs Service (NCS) has collected  N312,603,256,366.88 in the first quarter (Q1) of this year, it was learnt on Tuesday. According to a document obtained by The Nationfrom the Customs…

Zainab Ahmed, Minister of Finance, has secured a $532.8 million grant from the Islamic Development Bank (IDB) on behalf of the Federal Government. Ahmed sealed the deal in Marrakesh, Morocco, on Monday,…

Innoson Motors Limited in Nnewi has advised Guarantee Trust Bank (GTB) to stop deploying more resources into stopping the execution of the court order made against it. The motor company said the refusal,…

Tales of humble beginnings are not hard to come by in Nigeria and the story of Ebenezer Onyeagwu definitely fits the description. Onyeagwu was announced on Monday as the new chief executive officer of…

The Federal Inland Revenue Service (FIRS) and the National Lottery Regulatory Commission (NLRC) have commenced process to automate the collection of Value Added Tax (VAT) on lottery and gaming businesses in…

United States’ sanctions against Iran and Venezuela, fighting in Libya and production cuts led by the Organisation of Petroleum Exporting Countries (OPEC) yesterday pushed crude oil price to a five-month high of $70 per…

The  Nigerian Stock Exchange (NSE) has launched a comprehensive review of its rules to block loopholes being exploited for surreptitious trading in shares by directors and other insiders of quoted…

The President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, says his refinery will eliminate fuel scarcity and transform Nigeria’s economy for decades when it comes on stream.…

Lagos State Governor Akinwunmi Ambode yesterday performed the pre-launch of a $50 million manufacturing plant in Lekki Free Zone. The governor expressed optimism that the facility would go a long way to…

The provisions for loan losses by commercial banks in the country have continued to drop, thereby raising hopes of higher returns on investments for shareholders, THISDAY has learnt.Loan loss provisions had in 2016 and 2017…

In a bid to recover a debt of ₦343,895,137, Stanbic IBTC bank Plc has renewed its legal battle against a shipping company, Enegas Power limited and two Directors of the company, Mr Frank karkite and…

COMMERCIAL banks are to be probed over stamp duty collections, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has said. A statement by the Commission’s spokesperson, Ibrahim Mohammed,…

The Nigerian Export Promotion Council (NEPC) disclosed at the weekend that the Export Expansion Grant (EEG) is being resuscitated as the minister of Finance has directed the Debt Management Office for…

Multichioce Nigeria has launched a Whatsapp self- service that enables DStv subscribers to their subscription, fix error codes, make payment and rent Box Office movies. The Whatsapp  self-service…

ALL steps taken from April 25, 2018 in respect of ownership transfer of Etisalat International Nigeria Limited (9mobile) to Teleology Nigeria Limited were yesterday voided by a Federal High Court in Abuja…

THE Federal Executive Council, FEC, yesterday, approved the establishment of a Promissory Note Programme worth N3.4trillion for the settlement of inherited local debts and contractual obligations of the Federal…

A consultant hired by Italian prosecutors, Dr. Dayo Ayoade, yesterday in Italy, said award of  Malabu Oil Block (OPL 245)  to Shell and ENI was illegal. Ayoade spoke at the resumption of the case…

The International Monetary Fund (IMF) has expressed a renewed confidence in the Nigerian economy. Its Executive Directors also hailed the economy’s  recovery signs, such as  reduced inflation and…

The federal government says it is carrying out a review of the excise duties imposed on wines and spirits. This review is coming nine months after President Muhammadu Buhari approved the 17% increase in tariff on…

Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), says the service plans to recover N750 billion from 55,000 defaulting taxpayers by extending its account substitution…