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  • Customs service announces code number for vehicle duty clearance verification

    The Comptroller-General of Customs, retired Col. Hameed Ali, on Tuesday announced a code number for efficient and effective vehicle duty clearance verification. Ali disclosed this at a media stakeholders meeting in Abuja. Ali said that the essence...

    • Posted March 22, 2017
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  • Keystone Bank get new owners

    The Asset Management Corporation of Nigeria (AMCON) has sold Keystone Bank Limited, the last of the three nationalized banks to a consortium of local investors; Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited. This is coming...

    • Posted March 22, 2017
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  • Atedo Peterside resigns from Stanbic IBTC board

    The Chairman of Stanbic IBTC Plc , Mr. Atedo Peterside, Tuesday announced his resignation from the board of the bank after serving for 10 years. In a message to the board, Peterside, who set up IBTC at...

    • Posted March 22, 2017
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  • Nigeria’s multi-billion dollar gas projects linger on

    It is now 12 years since former President Olusegun Obasanjo conceived the Brass Liquefied Natural Gas (Brass LNG) project, designed to produce 10 million metric tonnes of Liquefied Natural Gas (LNG) per annum. It was to be...

    • Posted March 20, 2017
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  • CBN releases FX to oil marketers for fuel import – NNPC

    The Nigerian National Petroleum Corporation (NNPC) has said that the Central Bank of Nigeria (CBN) has released foreign exchange (Forex) to marketers to import diesel and aviation fuel. The Corporation in a statement yesterday said it will...

    • Posted March 20, 2017
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  • Minister urges SON to help Nigeria out of recession

    The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, has called on the Standards Organisation of Nigeria, (SON), to contribute its quota in bailing the country out of recession. Enalama, gave the charge at the closing...

    • Posted March 19, 2017
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  • Total Nigeria declares N14.80bn profit in 2016 audited results

    Total Nigeria (Total) has reported a N14.8 billion Profit After Tax (PAT) in its Q4 2016 results which was released at the Nigerian Stock Exchange, (NSE). Total declared a final dividend of N7.00 (total dividend of N17.00)...

    • Posted March 18, 2017
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  • Stabilisation Fund shrinks to N25.8bn as Excess Crude Account hits $2.45bn

    The Minister of Finance, Kemi Adeosun, has put the balance in the Stabilisation Fund Account at N25,793,400,290.00. The minister disclosed this Thursday in her presentation during a meeting of the National Economic Council chaired by Vice President...

    • Posted March 17, 2017
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  • CBN approves dollar sale to more Bureau De Change operators

    The Central Bank of Nigeria (CBN) on Thursday cleared more retail currency bureaux to take part in a weekly dollar sale to boost liquidity and support the naira which is weak on the black market. Aminu Gwadabe,...

    • Posted March 17, 2017
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  • FG targets $1bn revenue from new scheme

    Nigeria is targeting $1bn additional revenue as Finance Minister Kemi Adeosun Thursday presented to the National Economic Council (NEC), the Nigeria Voluntary Asset and Income Declaration Scheme (VAIDS). Addressing State House correspondents after the meeting chaired by...

    • Posted March 17, 2017
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  • Aero ‘sacks’ 60% of workers

    Up to 60% of workers of the distressed airline Aero may have been laid off following dwindling operations by the airline which is the oldest in the country. Findings show workers, more than 1000, were issued letters...

    • Posted March 17, 2017
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  • FG pledges to resolve Forex challenges facing exporters

    The Minister of Agriculture, Chief Audu Ogbeh yesterday expressed the federal government’s desire to address the foreign exchange (forex) challenges faced by exporters, disclosing that the ministry is in talks with the Central Bank of Nigeria (CBN)...

    • Posted March 16, 2017
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  • N-power graduates get additional N900m monthly

    President Muhammadu Buhari has approved an additional N4,500 monthly electronic device grant each for the 200,000 beneficiaries of the N-power graduate employment scheme. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande,...

    • Posted March 16, 2017
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  • Lawmakers to pass 2017 budget by end of March – Saraki

    Nigerian lawmakers aim to pass the 2017 budget by the end of March, the president of the upper house of parliament said on Tuesday, following a meeting with President Muhammadu Buhari. The budget lays out plans to...

    • Posted March 15, 2017
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