Business
CBN increase interest rate by 5%
The Central Bank of Nigeria, on Wednesday, raised its benchmark lending rate to 18.5 per cent, from 18 per cent,...
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FIRS set to increase tax payers from 35% to 90%
The Federal Inland Revenue Service (FIRS) plans to increase number of eligible tax payers from 35 to 90 per cent...
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50% of African banks now adopt tech shifts
Several banks in Africa, about 50 per cent, have revealed that adopting tech shift is the topmost in their business...
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CBN revokes licences of 139 finance companies, mortgage and microfinance banks, gives reasons
The Central Bank of Nigeria (CBN) has explained reasons for revoking a total of 139 operating licences of finance companies,...
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30% of Africa’s Foreign Direct Investment ends in Nigeria
...NITDA saved Nigeria over N305bn from IT project implementation Almost 30 per cent of Africa’s Foreign Direct Investment ends in...
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No licence, no loading of petroleum products, FG warns dealers
The Federal Government has insisted petroleum product dealers who wants to deal on petroleum products must obtain a licence, stressing...
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First Petrol from Refinery will be out in July – Dangote
... manufacturing sector, others to benefit from raw materials The Chairman and CEO of Dangote Group, Alh. Aliko Dangote, has...
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Dangote Refinery will generate 12,000MW Electricity, create over 135,000 Jobs- Emefiele
Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele said the newly inaugurated Dangote Refinery will impact the Nigerian...
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Concession of 3 ports to generate $3.7bn – ICRC
The concessioning of three ports by the Federal Executive Council (FEC) would generate $3.7 billion in revenue for Nigeria, the...
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Lagos begins sales of Eko rice in June
The commercial sales of 50kg and 25kg of Eko rice will begin in major markets across Lagos State in the...
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