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  • NSC flays attempt to truncate CTN implementation

    The Nigerian Shippers Council (NSC) has flayed the attempts to truncate the implementation of International Cargo Tracking Note (ICTN) in the country. CTN was earlier introduced in the country and its execution was spearheaded by the Nigerian...

    • Posted November 22, 2015
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  • Our investments will boost Nigeria’s exports – Japan

    The Japanese government has declared that the number of investors from Japan investing in Nigeria has increased over the past year and when goods manufactured in Nigeria by these investors are exported, it will ultimately boost the...

    • Posted November 22, 2015
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  • Petrol scarcity to end in days

    If the words of some marketers of refined petroleum products, especially petrol, are anything to go by, the current fuel scarcity in different parts of the country will ease off in a few days. The Executive Secretary,...

    • Posted November 21, 2015
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  • Petroleum tax falls by N390bn – FIRS

    The Petroleum Profits Tax collection for the year has dropped by N390bn from a target of N1.48tn to N1.09tn, the Acting Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has said. According to him, over 200...

    • Posted November 21, 2015
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  • Firms to export N52bn worth of agro-allied products yearly

    Nigeria’s agro-allied products will now enjoy high patronage at the global market as three firms-ABX World, Arik Air and Skyway Aviation Handling Company Limited (SAHCOL) have commenced export of agricultural commodities overseas. The firms, THISDAY learnt, are...

    • Posted November 21, 2015
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  • Fixed income OTC Market records N11.5trn turnover in one month

    The over-the-counter (OTC) market for fixed income and currency recorded N11.48 trillion turnover in the month of October, according to data released by FMDQ OTC Securities Exchange   Plc on Wednesday. The performance showed a drop of N3.06...

    • Posted November 21, 2015
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  • FG, states, LGs to share $150m NLNG dividend

    State governors have resolved that the sum of $150m (N29.55bn) out of the $400m (N78.8bn) Nigeria Liquefied Natural Gas dividend should be shared among the three tiers of government according to the sharing formula being used for...

    • Posted November 21, 2015
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  • Soludo urges FG to review TSA, remove subsidy

    A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, on Thursday faulted the implementation of the Treasury Single Account by the Federal Government and called for its immediate review. He also advised President Muhammadu...

    • Posted November 21, 2015
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  • Central Bank says no plan to restrict dollar supply

    Deputy Governor of the Central Bank of Nigeria (CBN) Dr. Sarah Alade has denied a news report that the CBN plans to restrict dollar supplies to the interbank foreign exchange market. Bloomberg had quoted an unnamed source...

    • Posted November 21, 2015
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  • Akwa Ibom explains business interest with Chinese investors

    Akwa Ibom State Government has tasked the management of the Bank of Industry (BOI) to establish functional office in the state in order to boost the industrilisation drive of the state government just as it explained business...

    • Posted November 21, 2015
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  • Stanbic IBTC secures international syndicated loan

    Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings Plc, has secured its debut syndicated term loan facility. The bank in a statement said the one-year transaction that was led by MashreqBank psc as coordinating bank and...

    • Posted November 20, 2015
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  • NSE targets 25m investors through TradeSmart App

    The Nigerian Stock Exchange (NSE) on Wednesday launched an online trading application called ‘Smart Trade’ as part of efforts to increase retail investors’ participation in the nation’s stock market to 25 million. Although Nigeria has a population...

    • Posted November 20, 2015
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  • FG will reacquire failed power firms for $1 – BPE

    The Federal Government will take back the power firms privatised in 2013 from their buyers for $1 if they continue to perform below expectation and do not comply with notices from the Bureau of Public Enterprises to...

    • Posted November 20, 2015
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  • Dangote remains Africa’s richest

    Forbes has rated the President of the Dangote Group, Aliko Dangote, as Africa’s richest person for the fifth consecutive year. Dangote, through his cement company, operates in Nigeria and other African countries, including Benin, Cameroon, Ghana, South...

    • Posted November 20, 2015
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