IKEJA Disco Fined N131.4M over breach of metering initiative

For violation of the condition for issuance of license to power operators in the country, Ikeja Electricity Distribution Company (IKEDC) is to pay a fine of N131.4 million to the...

Nigeria Next for Allan Gray’s Ndiritu After Zambia Triumph

A year ago, Nick Ndiritu, a portfolio manager at Cape Town-based Allan Gray Ltd., took a bet on the world’s worst-performing debt. The Zambian bonds...

BVN: Banks’ Customers in Diaspora’s registration hits 77,901 in 19 countries

ADEBISI ADEMOLA  With its ongoing Biometric Verification Number (BVN), The Central Bank of Nigeria (CBN) has disclosed that 77,901 Banks’ Customers in Diaspora have been...

World food prices fell by 1.8 % in April – FAO

World food prices fell 1.8 percent in April from the month before, as values declined for all agricultural commodities except meat, the United Nations...
Kemi Adeosun

FG, States, LGs share N406bn from Federation Account

The Federation Account Allocation Committee (FAAC) shared the sum of N406 billion revenue that accrued in December 2016 among the Federal Government, State Governments...

Again, FG bars consultant from revenue collection, assessment

Again, Federal Government has barred tax consultants from assessing and collecting tax revenue on its behalf.Acting Chairman of Federal Inland Revenue Service (FIRS), Babatunde Fowler, at...

Naira falls further to N395/$

The naira on Monday depreciated further at the black market in spite of the commitment of the CBN to boost liquidity in the market,...

Nigeria GDP grew by 2.84% in Q3-NBS

National Bureau of Statistics (NBS) said the country's Gross Domestic Product rose by 2.84 per cent in the third quarter of 2015, driven by...

CBN to sell $100m at foreign exchange market auction

ADEBISI ADEMOLA The Central Bank of Nigeria (CBN) has said its plans to hold two foreign currency auctions to sell $100 million and an unspecified...

Nigeria attracts foreign investment of $908m in Q1 – NBS

The National Bureau of Statistics (NBS) said the total value of capital imported (foreign investment) into the country in first quarter of 2017 was...
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