The Securities and Exchange Commission (SEC) has reached out to the Armed Forces, Police, and other Para-military agencies on the investment initiatives in the capital market....
President Muhammadu Buhari on Thursday in Yokohama, Japan, told foreign investors that Nigeria has “very attractive investment opportunities with some of the highest returns-on-investment.” A statement...
Gains in MTNN (+0.6%), DANGCEM (+0.3%) and CCNN (+3.5%) pushed the benchmark index up by 2bps to 27,607.02 points on Wednesday trading at the floor of...
The Nigerian entertainment industry has pitched itself on top, as an enviable influencer in Africa, not only due to its music dominance but because of the quality of its production in film and television shows. In...
Gov. Abdulrahman Abdulrazaq of Kwara State on Tuesday sent the 2019 supplementary budget estimate of N135,159,772,167 to the State House of Assembly for consideration and passage....
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has called on Nigerians to rally against the decision of the United Kingdom court asking Process...
More facts are beginning to emerge in the controversial contract awarded Process and Industrial Development LTD by the Nigerian government in 2010, as the Governor of...
At least 55 petrol stations have been sealed by the Department of Petroleum Resources (DPR) in Port Harcourt in the last six weeks. The Operations Controller,...
The Federal Government has instructed the Nigerian Shippers’ Council (NSC) to carry out a comprehensive audit of all seaport terminals in the country. The government also...
A total of N311.94 billion has been generated by the Federal between April and June 2019 through the Value Added Tax (VAT), statistics from the National...
Tough times await bank customers who default on the repayment of their loans, as deposits in other bank account would be seized to service the loans....
The federal government has said it would begin the deduction of Value Added Tax (VAT) on all online transactions both locally and internationally effective January 2020....
Nigeria and other African countries are targeting Value Added Tax (VAT) revenue from the over $1 trillion infrastructure investment coming into the continent. Executive Secretary of...
A revered country like Nigeria, with citizens in numerous counts replete across the globe, should not handle the recent FBI fraud cases with cold discernment. The...
The Nigeria Labour Congress (NLC) on Sunday called on the Nigerian government to retain its 40% shareholdings in power generation and distribution companies. It also warned...
Welcome to Business Wrap, a featured post highlighting some of the major events that unfolded during the week ended 24th of August, 2019. Here are the...
Data from the National Pension Commission (PenCom) has revealed that pension operators in the country have invested the total sum of N250.02 billion pension assets in...
The Central Bank of Nigeria (CBN) has set lending limits for banks and other financial institutions under its regulation to reduce their exposure to risks. The...
The Trade Union Congress (TUC) on Friday condemned the Federal Government’s plan to increase electricity tariff by 2020. The union also kicked against the government’s plan...
The Securities and Exchange Commission (SEC) has said it would engage the Central Bank of Nigeria (CBN) to seek the inclusion of e-Dividend Mandate Management System...
The Nigerian Electricity Regulatory Commission (NERC) has debunked claims that it approved a new electricity tariff in its new order released last Wednesday. A statement on...
The Federal High Court in Abuja on Friday ruled in favour of Shell Petroleum Development Company (SDPC) of Nigeria by ordering the Minister of Petroleum Resources...
The golden fish syndrome Fowler vs Buhari –tax remittance query GIG Motors vs FIRS –case study Tips to refute wrong allegations Following the recent crossfire between President Muhammadu Buhari (PMB) and the Chairman of the...
The Transmission Company of Nigeria (TCN) has asked the Federal Government to liguidate a power distribution company over its failure to abide by market rules. The...
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the (Nigerian National Petroleum Corporation) NNPC, is claiming that Nigeria is oweing it...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has revealed that the Federal Government has set up a committee to facilitate the recovery...
Equities market on the floor of the Nigerian Stock Exchange (NSE) gained 1.0% to push the Share Index (ASI) to 27,629.66 points. This followed buying interest...
Leading transport platform, God Is Good Motors (GIGM), has demanded the removal of its name from a published list of tax defaulters by the Federal Inland...
The Nigeria Governors’ Forum (NGF) has said that the establishment of Special Agro-processing Zones (SAPZs) in Nigeria has the potential of attracting between one to $4...
The Nigerian Stock Exchange (NSE) on Wednesday delisted two defunct banks- Skye Bank Plc and Fortis Microfinance Bank Plc, formally closing any window of shares exchange...
The Minister of Science and Technology Dr Ogbonnaya Onu has urged staff of his ministry to ensure budget estimates for the ministry were ready within the...
The Debt Management Office (DMO) on Wednesday disclosed that Nigeria’s FGN Bond has continued to attract strong demands from investors. At the end of August 2019...
Justice Chuka Obiozor of the Federal High Court in Lagos on Wednesday ordered the Asset Management Corporation of Nigeria (AMCON) and United Bank for Africa (UBA)...
Let me quickly congratulate you if you benefitted from the Business Incentive Strategy (BIS) by the Corporate Affairs Commission (CAC) where you paid a token of...
President Muhammadu Buhari has approved the release of N600 billion to the Power Sector. This was disclosed on Wednesday in Abuja by the Market Operator, Transmission...
The newly sworn-in ministers of the Federal Republic of Nigeria have been tasked to commence immediate work on the 2020 budget. The Secretary to the Government...
The Kano Electricity Distribution Company which covers Kano, Jigawa and Katsina states has revealed plans to set up a tribunal to try consumers sabotaging distribution of...
Nigerian Stock Exchange (NSE) market indices on Tuesday shed 0.21 per cent due to loses in some blue chips. All Share Index (ASI) lost 57.27 points...
Data obtained on Monday from the Debt Management Office (DMO) revealed that the South-West region of the country, has more domestic debt than other regions of...
The nation’s stock market recovered from two consecutive weeks of lose to gain N93 billion on Monday. The market capitalisation of equities increased from N13.121tn on...
Six Chinese companies operating in Nigeria have incurred the wrath of the World Bank as they have been blacklisted over alleged fraud and corruption. A publication...
The Central Bank of Nigeria (CBN) has said it would not go back on President Muhammadu Buhari’s directive to place a ban on Forex for food...
Since the news broke on restriction of Forex for food importation, experts and the general public have reacted with divergent views. A category went left with...
The management of Kano Electricity Distribution Company (KEDCO) has announced its decision to commence the distribution of 475,000 meters to its customers in Kano, Katsina and...
The Nigeria Extractive Industries Transparency Initiative (NEITI) is to work with the Office of the Auditor General of the Federation (AuGF) to promote integrity in data...
The Nigerian National Petroleum Corporation (NNPC) has released the list of winners for its Direct Sale and Direct Purchase (DSDP) contract for petroleum products for 2019/2020....
The Department of Petroleum Resources Eket Field Office in Akwa Ibom (DPR) on Friday said it has uncovered seven illegal filling stations in the state. This was disclosed...
The Nigerian government has said it will appeal against Friday’s judgment by a British court which gave Process and Industrial Development Limited (P&ID) the permission to...
The Consumer Price Index (CPI) which measures inflation, increased to 11.08 percent (year-on-year) in July 2019, according to data released by the National Bureau of Statistics...
Sadly, on records, Nigeria has a long history of plane crash incidents. Perhaps, the highest number for any country within West Africa or Africa all combined....
