NNPC secures $3.8 billion FDI; to clear up JV cash debts by April 2018
The Nigerian National Petroleum Corporation, NNPC, has secured a $3.8 billion foreign direct investment (FDI) to facilitate the post cash-call...
Union bank plans to raise N50 billion in fresh capital via a right issue
The Chief Executive of Union Bank, Emeka Emuwa said the bank plans to raise N50 billion in fresh capital via...
NCC says you now need ‘bank approval’ to complete sim swap
In a new move to end SIM-swap related e-fraud, the Central Bank of Nigeria (CBN) and Nigeria Communication Commission (NCC)...
Nigerian Manufacturers say they spent N130 billion (up 122%) on self generated electricity in 2016
A survey recently released by the Manufacturing Association of Nigeria (MAN) revealed that expenditure on self-generated energy in the manufacturing...
Lekki Free Trade Zone attracts Singaporean investors
The Singaporean Minister of State for Trade and Industry, Dr Koh Poh Koon, on his visit to Nigeria expressed his...
Finally, Nigeria is on the verge of a unified exchange rate
The FMDQ asked banks to start quoting rates from the Investors’ & Exporters’ FX Window instead of the CBN official rate....
These five states account for 87 % of Nigeria’s VAT revenue
The Minister of Finance, Mrs Kemi Adeosun remarked that 87% of Nigeria’s VAT comes from four states and Federal Capital...
This data confirms businesses are ‘smiling’ again
The Purchasing Managers’ Index rose to 56.8 points in July 2017 for the fourth consecutive month, albeit at a slower...
The financial cost of Public Holidays explained
Nigeria is estimated to have lost N9.74 billion to multiple holidays over the course of 2016. According to a report...
National Petroleum Policy: Nigeria seeks to save more for the future, Caps FG’s Oil Revenue Spending
The Federal Executive Council (FEC) has placed a limit on the amount that would be spent by the federal government...
