NDIC says in spite of negative ratings Nigerian banks remain stable
The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday said that the country’s banks remain stable in spite of a negative rating on Nigeria by global credit rating agency, Moody’s. Mr…
FIRS: EFCC may quiz Fowler as Buhari seeks Senate confirmation of Nami, others
There were strong indications that Mr. Babatunde Fowler, the immediate past Chairman of the Federal Inland Revenue Service (FIRS) may be invited for questioning by the Economic and Financial Crimes…
Konga Yakata ends this Thursday, shoppers demand extension
As the curtains falls on the 2019 edition of Konga Yakata – as the Black Friday sales of e-commerce giants, Konga is widely known – the company has revealed that…
Power sector: Senate calls for a review of the privatisation exercise undertaken by the Jonathan administration
Senate President, Ahmad Lawan President of the Senate, Ahmad Lawan on Monday called on the Executive to, as a matter of urgency, declare a state of emergency in the…
Algeria to cut oil output by 12,000 bpd under new OPEC deal
OPEC member Algeria will reduce its crude oil output by 12,000 barrels a day to comply with a deal agreed by other producers with the aim of balancing the global…
$29.96bn loan: Nigeria needs it but FG should give more details – Ex CIBN scribe
Dr Uju Ogubunka, an economic expert has urged the Federal Government to educate Nigerians on the importance of the proposed 29.96 billion dollars foreign loan towards boosting the economy. Ogubunka,…
Nigeria to introduce new visa regime, targets more foreign direct investments
The Comptroller General (CGI) of Nigeria Immigration Service (NIS) Mr Muhammad Babandede says the Federal Government plans to introduce a new visa regime to boost the economy. Babandede said this…
50,000 jobs, more revenue coming through NLNG Train 7, says Wabote
The Executive Secretary, Nigeria Content Development and Management Board (NCDMB), Mr Simbi Wabote, has said the upcoming Nigerian Liquefied Natural Gas (NLNG) Train 7 will boost revenue generation. Wabote gave…
LIRS shuts 9 coys over N21.59m tax evasion
The Lagos State Internal Revenue Service (LIRS) in its enforcement activities, has shut nine companies and hospitality firms over alleged failure to remit N21.59 million consumption taxes to the state…
Heads to roll in Presidency, NNPC as UK probes Glencore oil deal in Nigeria
Months after the United States Commodity Futures Trading Commission commenced investigation on a global oil trading firm, Glencore Plc, for alleged ‘corrupt practices’ in Nigeria, the Democratic Republic of Congo,…