Nigerian banks allocate over N15trn credit to private sector in Q2, 2019 -NBS
The National Bureau of Statistics (NBS) says the Nigerian banking sector allocated N15.13 trillion as total value of credit to the private sector in the second quarter (Q2) 2019. The NBS…
NNPC’s withdrawal of products allocation to depot owners owing PEF, a step in the right direction – IPMAN
The Independent Petroleum Marketers Association (IPMAN) has backed the decision of the Nigerian National Petroleum Corporation (NNPC) not to allocate petroleum products to depot owners who failed to settle debts…
We have received enormous support, patronage from FG, recently employed over 7,300 workers – Innoson Chairman
Chief Innocent Chukwuma, Chairman, Innoson Group of Companies Nigeria limited, says the Federal government, under President Muhammadu Buhari, has given enormous patronage and support to his company, Innoson Vehicle Manufacturing…
FIRS boss, Fowler, in trouble for over-staying his tenure, ordered to appear in court
A Federal High Court sitting in Kano has ordered the appearance of the Chairman Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, to appear before it on October 7, 2019…
UNGA74: Ihedioha Seeks UNDP Partnership to Develop Imo
As part of his commitment to accelerate the pace of development in the state, Governor Emeka Ihedioha, has held a strategic business meeting with officials of the United Nations Development…
Nigeria loses $157.5bn to illicit financial flows in 9 years; US, UK are beneficiaries
President Muhammadu Buhari has disclosed that Nigeria lost an estimated 157.5 billion dollars to illicit financial flows between 2003 and 2012. Illicit Financial Flows as âillegal movement of funds from…
Massive shopping, excitement as Konga Freedom Deals goes live
Konga Freedom Deals, an annual promo to celebrate Nigeria’s Independence went live on Konga Online and offline quietly. However, Nigerian shoppers who were waiting for the announcement were quick to…
MPC retains MPR at 13.5%, recommends privatisation of âdeadâ assets
The Monetary Policy Committee (MPC) has retained the Monetary Policy Rate (MPR) at 13.5 per cent. Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), disclosed this…
Nigeria spends $1.2bn on fish importation annually â Emefiele
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about 1.2 billion dollars worth of fish is imported into the country annually. Emefiele disclosed this in a…
FAAC: FG, States, LGAs share N740.880bn as August revenue
The Federal Government, States and Local Government Areas (LGAs) on Thursday shared N740.88 billion as federal allocation for the month of August. This is contained in a communique issued at…