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  • Banks lend N21.4tn to customers in six months

    The net domestic credit of the banking system to the economy grew by 11.1 per cent to N21.4tn at the end of the first half of this year, according to statistics obtained from the Central Bank of...

    • Posted December 1, 2015
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  • Petrol won’t sell above N100 without subsidy – Experts

    Experts in the oil and gas sector have called on President Muhammadu Buhari to stop subsidising petrol as they explain that the price of the commodity will not go beyond N100 per litre if the Federal Government...

    • Posted December 1, 2015
    • 1
  • Transcorp Ughelli Power changes name

    Transnational Corporation of Nigeria Plc has announced the successful merger of its two power subsidiaries, Transcorp Ughelli Power Limited and Ughelli Power Plc. The merged companies are now a single entity called Transcorp Power Limited. A statement...

    • Posted December 1, 2015
    • 1
  • Buhari tasks Universities on entrepreneurial training

    In order to further check the recent economic downturn and unemployment in the country, President Muhammadu Buhari Saturday called on Universities and other institutions of higher learning to re-focus their orientation towards an entrepreneurial-driven curriculum. This, according...

    • Posted November 30, 2015
    • 2
  • Ambode to attend Global African Investment, Climate Change Summit

    In furtherance of his administration’s effort to boost foreign direct investment, Lagos State Governor, Mr. Akinwunmi Ambode will join other participants for this year’s edition of the Global African Investment Summit taking place in London next week....

    • Posted November 30, 2015
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  • FG to sanction Companies that fail to enrol employees for NSTIF’s Compensation Scheme

    In a move to strengthen regulations governing workers’ rights in the country, the federal government is to sanction companies, multinationals and big chip organisations operating in the country without the enrolment of their workforce for the Employees...

    • Posted November 30, 2015
    • 1
  • Lagos produces 2,063MT of rice in six years

    Lagos State has produced about 2,063 metric tonnes of rice in the last six years (2009 – 2015) under the Commercial Agriculture Development Project, a report by the CADP has indicated. The State Project Coordinator, Mr. Kehinde...

    • Posted November 30, 2015
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  • Oil prices gain ahead of OPEC meeting

    World oil prices rose this week on concerns that heightened geopolitical tensions could disrupt Middle East supplies despite a market awash with crude. Traders were turning their attention to next week’s OPEC output meeting to see if...

    • Posted November 30, 2015
    • 0
  • Banks record N2.3tn electronic transactions

    The banking sector recorded a total value of N2.33tn through electronic transaction platforms within the first six months of this year, statistics obtained from the Central Bank of Nigeria have revealed. The figure, which was contained in...

    • Posted November 30, 2015
    • 0
  • Nigeria ranks low in ease of paying tax index

    Nigeria ranks 181 out of 189 economies covered by a World Bank and the PwC joint survey on the ease of paying taxes. By contrast, the Total Tax Rate for the model company in Nigeria is 33.3...

    • Posted November 29, 2015
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  • Multiple regulations, taxes will soon be over – NCC boss

    The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, on Friday said that if talks with the Nigeria Governors Forum were anything to go by, multiple regulations, taxes and right of way issues would...

    • Posted November 29, 2015
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  • Buhari pledges $1m for Africa’s water infrastructure

    President Muhammadu Buhari on Friday pledged the sum of $1m to the African Water Facility for the development of water infrastructure in Africa. Buhari also stated that the financing requirement for water infrastructure in Africa was estimated...

    • Posted November 29, 2015
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  • We won’t condone power system collapse — Fashola

    Henceforth, the Federal Government will not tolerate the poor supply of electricity, unnecessary system collapse and incessant electrocution of Nigerians caused by the usage of substandard materials, the Minister of Power, Works and Housing, Babatunde Fashola, has...

    • Posted November 28, 2015
    • 2
  • Religious bodies’ ventures must pay taxes — FRC

    The Financial Reporting Council of Nigeria on Thursday said that non-charitable institutions owned by religious bodies would need to pay taxes because they were commercial ventures. The Chief Executive Officer, FRC, Mr. Jim Obazee, said this while...

    • Posted November 28, 2015
    • 1