All posts tagged "headline"

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  Banks to close branches as recession bites hard

  A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder, investigation by our correspondent has shown. It was similarly gathered...

  • Posted September 21, 2016
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  Nigeria will lose $1.3tn to ECOWAS/EU economic pact – MAN

  The Manufacturers Association of Nigeria has declared that the country risks a loss of $1.3tn in tariff revenue if it signs the Economic Community of West African States/European Union Economic Partnership Agreement. The President, MAN, Dr. Frank...

  • Posted September 21, 2016
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  NBS puts investment inflow at $1.04bn

  The National Bureau of Statistics on Sunday released a revised version of the capital importation report for the second quarter, with estimated investment inflow of $1.04bn. The investment inflow represents an increase of 46.58 per cent over...

  • Posted September 20, 2016
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  FIRS registers 700,000 fresh taxpayers

  The Federal Inland Revenue Service said it had registered about 700,000 new corporate taxpayers in the last one year in a bid to widen the tax net and boost government revenue. The agency also said it had...

  • Posted September 20, 2016
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  Nigeria will start getting out of recession in Q4 – Emefiele

  The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has predicted that the nation’s economy will likely come out of recession by the fourth quarter of this year when the result of the various measures...

  • Posted September 20, 2016
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  FG to probe banks for non-remittance of taxes

  The Federal Government is set to appoint about 150 firms as consultants to probe revenues collected by banks on behalf of the Nigeria Customs Service and the Federal Inland Revenue Service between July 2012 and December 2015....

  • Posted September 20, 2016
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  Markets watch CBN for direction as MPC meets

  As the Central Bank of Nigeria (CBN) commences its 252nd Monetary Policy Committee (MPC) meeting today, investors would been looking up to the committee for favourable rate decisions that would spur investments as well as stimulate the...

  • Posted September 20, 2016
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  Minister assures workers won’t lose jobs over concession

  The Minister of State, Aviation, Senator Hadi Sirika, has assured the unions in the aviation industry that no worker will be sacked in the proposed concession programme of the federal government.  The government has set out plan...

  • Posted September 20, 2016
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  Recession: Investment inflow shrinks by N642bn under Buhari

  The Nigerian economy recorded a total decline of $2.1bn in investment inflow in the first 12 months of the administration of President Muhammadu Buhari. The $2.1bn, when converted based on the N305.5 per dollar official exchange rate...

  • Posted September 19, 2016
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  BPE advises IBEDC on metering

  The Acting Director-General, Bureau of Public Enterprises, Dr. Vincent Akpotaire, has called on the management of the Ibadan Electricity Distribution Company to source for long-term funds from diverse sources in order to solve the metering challenge and...

  • Posted September 19, 2016
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