Business
CBN Upgrades Trade Monitoring System
The Central Bank of Nigeria has replaced the Non-commercial Exports form (NCX) with an electronic version dubbed ‘the e-Form ‘NCX’....
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SEC Launches Crackdown on Firms Over Dividends Payments
The Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars against the practice of making selective...
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Nigeria Has Spent $4.5bn On Fuel Subsidy in 2021- World Bank
The World Bank has stated that Nigeria spends $4.5 billion on fuel subsidy, indicative of 2% of GDP or 35%...
Read moreWorld Bank Frowns at Nigeria’s Foreign Exchange Policies
The World Bank has stated that the Central Bank of Nigeria’s exchange rate management policies continue to discourage investment and...
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CBN Urges Nigerians To Invest in Non-oil Sector
The Central Bank of Nigeria has called for increased investment in the non-oil sectors as a source of foreign exchange...
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FG To Float IPO For National Carrier Next Week
The Federal Government on Thursday announced that beginning from next week it would start sending out Request for Proposals to...
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FG Shuts Down 425 Erring Petrol Stations in Lagos Since January
No fewer than 425 petrol stations were shut down across Lagos State by the Nigerian Midstream and Downstream Petroleum Regulatory...
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FG Critiques IMF’s 2.7% Economic Growth Projection
The federal government of Nigeria has stated that it is not in consensus with the International Monetary Fund’s economic growth...
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Lagos Demands 1% In Revised Revenue Allocation Formula
The Governor of Kano state declared that due to the size of Lagos and Kano states, both states are demanding...
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Scare as Birds Strike Lagos-bound Air Peace Aircraft
It was quite the sight, yesterday, as a Lagos-bound aircraft coming from Owerri encountered a bird strike a few minutes...
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