CATEGORY: BUSINESS NEWS

2017 Budget Signed: Full Text of Osinbajo budget signing speech 

Acting President, Professor Yemi Osinbajo signed the 2017 Appropriation Bill on Monday June 12, 2017. The long awaited bill...


N701b Intervention: The 10 GenCos that have received N12 billion from NBET

The Nigerian Bulk Electricity Trader (NBET) has confirmed payment of about N12 billion to 10 power generation companies in...


The latest on the Investigative Hearing on the abuse of Pioneer Status

A committee at the National Assembly is currently investigating possible cases of an abuse of Pioneer Status granted to...



On PIGB, Kachukwu says bill is “impressive”

The Minister for State for Petroleum, Dr Ibe Kachikwu has tweeted his support for the recently passed Petroluem Industry...


Are you investing? FGN Savings Bond sale for June is here (see details)

Please find attached June 2017 FGN Savings Bond Offer Circular as published by the Debt Management Office (DMO). Summary of June...


#PMBMid-term: 3.5 million join unemployed Nigerians during Buhari administration

The effects of the recession were once again brought to the fore as the National Bureau of Statistics (NBS)...


It’s bulls galore as NIPCO launches MTO for Mobil Nigeria

Independent petroleum marketer, NIPCO Plc has opened its Mandatory Takeover (MTO) for minority shares in Mobil Nigeria Plc. NIPCO,...


Why Osinbajo failed to sign 2017 Budget on Thursday

Acting President Professor Yemi Osinbajo failed to sign the 2017 Federal Budget on Thursday as expected. The budget which...




Complete list of 41 people included in Nigerian Industrial Policy and Competitiveness Advisory Council

The Acting President, Professor Yemi Osinbajo inaugurated the Nigerian Industrial Policy and Competitiveness Advisory Council on Tuesday. The council...


#PMBMidterm: How we scored Buhari administration on handling of the economy

May 29, 2017 marks two years since President Buhari assumed power as the leader of the world’s most populous...


Article version of company news thread for the week ended May 27 2017 by @Ugodre

This is Nairametrics roundup of all the major company news from Nigeria as reported by Nigerian Newspapers and other...


Full text of Acting President Osinbajo’s Democracy Day speech to Nigerians

Full text of Acting President Osinbajo’s Democracy day speech Dear Nigerians, I bring you good wishes from President Muhammadu...


Here’s where foreign investors put their money into in the first quarter of 2017

The National Bureau of Statistics last week released its 2017 first quarter capital importation report revealing Nigeria attracted just...


#PMBMidterm: Bucket list of all the ‘economic achievements’ of the Buhari administration

The presidency yesterday, released its mid-term factscheet just in time for the May 29 Democracy day celebrations. The factsheet was...


Lagos State Government uses technology to be more efficient at tax collection

Lagos state consistently ranks the highest amongst the states in terms of the IGR it generates, so it is...


BOA says most farmers view bank loans as share of national cake

Nairametics| Mr. Ibrahim Alamba, North Central Zonal Manager, told News Agency of Nigeria (NAN) in Abuja today, that the...


Customs says paper work required to export has been cut from 17 to 10

The Nigerian Customs Service has revealed that it has cut the number of paperwork required for exporters to execute...


Nigeria remains in recession as nation records 5th consecutive negative quarterly GDP

The National Bureau of Statistics has revealed that Nigeria recorded a 2017 first quarter GDP growth rate of -0.52%....


Average lending rate in Nigeria hit 30%pa, first time in 16 years

Data from the Central Bank of Nigeria reveal average lending rate from commercial banks in the country has now...


National Assembly investigates abuse of pioneer status

Deloitte: The House of Representatives, in exercise of its powers under the Nigerian Constitution, has set up an ad-hoc...


Full Excerpt of the Executive Order on Ease of Doing Business

The Acting President of Nigeria, Professor Yemi Osinbajo on Thursday signed three executive orders which is expected to significantly change...



In secret, corporates come clean about their outlook for the economy

The recently concluded Renaissance Capital Annual Pan-African Conference aptly titled Stability is Returning, provided us with a unique insight...


Here is a bucket list of why local rice is now more expensive than foreign rice

One of the biggest policy thrust of the Buhari Administration is its push for the development of the agricultural...


Breakdown of N41 billion spent on “Social Investment Programmes”

The Buhari administration has so are spent about N41 billion on its various aspects of its four Social Investment Programmes...



Why Sigma-Riverbank Is Upgrading Keystone’s Branches

Nairametrics|Sigma-Riverbank consortium which recently acquired Keystone Bank has embarked on an upgrade of the bank’s branches. Here’s the banks...


Why AG Leventis had a difficult 2016

Nairametrics|One of the oldest conglomerates in the country, AG Leventis recently released its results for the financial year ended...