POSTS BY: GBENGA AGOYE

Report reveals retail investors are back and mopping up stocks like ‘never before’

Report reveals retail investors are back and mopping up stocks like ‘never before’

A report by the Nigeria Stock Exchange for the month of June, 2017 revealed that retail investors’ participation surpassed that of institutional investors for...


CBN holds MPR at 14% ; what it means for Startups and SME’s

CBN holds MPR at 14% ; what it means for Startups and SME’s

The Central Bank of Nigeria CBN’s Monetary Poly Committee meeting (MPC) was concluded on Tuesday with the decision to hold  the policy rates. According...


Approaching N1 trillion, should we be worried about Lagos State’s rising debt?

Approaching N1 trillion, should we be worried about Lagos State’s rising debt?

Data from the National Bureau of Statistics reveals Lagos State is by far the most indebted state in Nigeria. The state owes about $1.3...



FIRS raids SME’s across 3 states for not paying tax

FIRS raids SME’s across 3 states for not paying tax

In what appeared to be a major raid during the week, the Federal Inland Revenue Service sealed off some tax-defaulting companies in Abuja. According...


Upon exit, Etisalat gains the highest number of ported subscribers in May

Upon exit, Etisalat gains the highest number of ported subscribers in May

As Nigeria grapples with the exit of the Etisalat brand, available data from the NCC shows that embattled 9mobile (formerly Etisalat) gained more subscribers...


2017 Budget: Osinbajo proposes N135.6 billion virement

2017 Budget: Osinbajo proposes N135.6 billion virement

Acting President Yemi Osinbajo has submitted a virement proposal of N135.6billion to the National Assembly. The money is meant to cover projects across many...


The FG is setting up a website to monitor contracts

The FG is setting up a website to monitor contracts

The Federal Government says it is setting up a contract disclosure website to improve transparency and accountability in contracts entered into by public and...


FEC approves oil policy; Nigeria to end fuel importation by 2019

FEC approves oil policy; Nigeria to end fuel importation by 2019

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday said Nigeria will cease to import petroleum products and totally depend on...


Local miners in Kastina made N246 million from fertilizer production in June

Local miners in Kastina made N246 million from fertilizer production in June

N246 million worth of fertilizer was produced by 79 local miners in Katsina State from processed raw materials in June. This was made public...


NEITI says Nigeria earned N70 trillion but saved little

NEITI says Nigeria earned N70 trillion but saved little

According to a recent report by NEITI, Nigeria’s oil revenue savings were among the lowest in the world despite about N70trillion in earnings from...


FG has given Ondo State licence to mine bitumen

FG has given Ondo State licence to mine bitumen

The Federal Government of Nigeria (FGN) on Tuesday announced the award of a licence to Ondo State Government to mine bitumen. It was gathered...


FIRS explains how it plans to achieve N1.8 trillion VAT target for 2017

FIRS explains how it plans to achieve N1.8 trillion VAT target for 2017

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Tunde Fowler, stated that the service has automated VAT collection for the critical...


These Five States got the highest share from the N243.7 billion Paris Club refund

These Five States got the highest share from the N243.7 billion Paris Club refund

The Federal Government has released N243.79 billion as the second tranche of the Paris Club Refund to the 36 state governments and the Federal...


FG, NDDC to create more jobs in Niger Delta through agriculture

FG, NDDC to create more jobs in Niger Delta through agriculture

The federal government recently reiterated its plan to create more opportunities for youth in the Niger Delta through resuscitating the abandoned rice mill in...


Inflation rate declines in 5th consecutive month to 16.10%

Inflation rate declines in 5th consecutive month to 16.10%

Nigeria’s inflation rate rose by 16.1% for the month of June 2017 compared to 16.5% in the month of May 2017. This is the...


Are these CBN policies the reason for the scarcity of N100 notes?

Are these CBN policies the reason for the scarcity of N100 notes?

The scarcity of N100 notes across the country could be linked to a series of CBN policies. In an interview with the News Agency...


U-Turn: Nigeria will keep on borrowing – Adeosun

U-Turn: Nigeria will keep on borrowing – Adeosun

In what seems to be a conflicting statement, the Minister of Finance, Mrs Kemi Adeosun remarked that Nigeria would continue on its borrowing spree....


Another N600 million CBN grant on its way to farmers for rice and tomato production

Another N600 million CBN grant on its way to farmers for rice and tomato production

Farmers in Gombe state now have cause to cheer as the Central Bank of Nigeria (CBN) yesterday said it will disburse the sum of...


The FG has hired asset tracers to track 150 moneybags

The FG has hired asset tracers to track 150 moneybags

Tax defaulters are now in for a hard time as the federal government hires asset tracers to investigate the tax payment status of 150...


Nigeria May Agree to Cap Oil Production at 1.8 Million Barrel

Nigeria May Agree to Cap Oil Production at 1.8 Million Barrel

In a bid to support OPEC’s effort towards moderating the oversupply of oil in the global oil market, Nigeria may have agreed to limit...


Looks like CBN dollar Intervention is yielding ‘positive results’

Looks like CBN dollar Intervention is yielding ‘positive results’

The series of recent interventions by the Central Bank of Nigeria appears to be yielding expected result as Nigerian Banks now see improved dollar...


The Events That Shaped Nigeria’s Economy in the First half of 2017

The Events That Shaped Nigeria’s Economy in the First half of 2017

A couple of noteworthy events of economic or business relevance occurred during the 1st half of this year. We believe that they are noteworthy...


Senate, CBN and Banks Meet to discuss Interest rates

Senate, CBN and Banks Meet to discuss Interest rates

In a bid to address the high level of interest rates in the country, the Senate Committee on Banking, and Financial Institutions met with...


Hotel owners cabal explain why they want single-digit intervention fund

Hotel owners cabal explain why they want single-digit intervention fund

Hotel and Tourism operators in Nigeria are seeking an intervention from the government to help boost investments in the sector. This was reiterated by...


We summarized VAIDS for you in ten bullet points

We summarized VAIDS for you in ten bullet points

Last week, the Federal Government introduced the Voluntary Asset and Income Declaration Scheme (VAIDS) as part of its measures to improve tax collection in...


What the CBN’s Monetary Policy Committee does and how it affects you

What the CBN’s Monetary Policy Committee does and how it affects you

  Often times, we wonder what the Monetary Policy Committee (MPC) does, who makes up the committee, and how the outcome of its quarterly...


Udo Udoma explains why Nigeria N19trillion debt “is not a problem”

Udo Udoma explains why Nigeria N19trillion debt “is not a problem”

Data from the Debt Management Office shows that Nigeria currently has a total public debt of about N19 trillion an equivalent of 20% of...