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Business and economic news from Nigeria and around the world.

Lagos Airport

FG concludes plan to demolish Lagos Airport, reconstruct with N14bn

The Federal Government of Nigeria (FG) has revealed that plans have been perfected to demolish the Murtala Muhammed International Airport, Lagos, in order to reconstruct it.
Loom Money Africa

Before you get ‘Loomified’, beware of the latest ponzi scheme in town

Following the launch of Loom, Nigerians have thrown caution to the wind as they rush to partake, forgetting the recent the drama accompanied the collapse of MMM.
Godwin-emefiele - - Monetary Policy: CBN set to unfold 2019 plans

Snippets of the 5 newly licensed banks emerge

Titan Trust Bank and Globus Bank are two of the five new commercial institutions reportedly licensed by the Central Bank of Nigeria
Canadian permanent residency

Canada invited 3,350 Express Entry Candidates to apply for PR in its April draw

Canada invited 3,350 Express Entry candidates to apply for Canadian permanent residency (PR) in a new draw held on April 17. This is contained in the country's recently released monthly newsletter.

What You Need To Know About Value Added Tax (VAT) In Nigeria

  VAT is a tax on the supply of goods and services which is eventually borne by the final consumer but collected at each stage...
Canadian Permanent Residency

Applications for Canadian Permanent Residency hit 21,200 in just 3 months

Data has shows that the number of invitations issued for Canadian permanent residency hit 22,200 in the first quarter 2019.
Aishah Ahmad, Central Bank of Nigeria, Godwin Emefiele

Aishah Ahmad leads shortlist to replace Emefiele

If not re-appointed, Godwin Emefiele, might vacate his position for one of his deputies, Aishah Ahmad.

CBN reports it has “floated” the Naira

@centbank signaled it has floated naira, which implies that the Naira exchange rate will now be fully determined by market forces of demand and supply.
treasury bills - fixed income

Difference Between Fixed Deposit and Treasury Bills

Fixed Deposit A Fixed Deposit is a type of short-term financial investments sold by banks to its depositors. A depositor invests in a fixed deposit...

List of dividends declared so far in 2015 (Updated December 31, 2015)

As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective board of directors. It...
Canada invited 3,357 Express Entry candidates with scores as low as 300

Canada invited 3,357 Express Entry Candidates with scores as low as 300

Canadian province, Alberta, has issued a total of 3,357 invitations to apply for a provincial nomination for Canadian Permanent Residency (PR) to Express Entry candidates with Comprehensive Ranking System scores as low as 300.
Tinubu and Fashola owe $1.43bn foreign debt not me - Governor Ambode

Tinubu and Fashola owe $1.43bn foreign debt not me – Governor Ambode

The Governor of Lagos State, @AkinwunmiAmbode has explained that the current foreign debt owed by the State Government (@followlasg) was inherited from previous administrations before his tenure which began in 2015.
MTN Nigeria

How to buy MTN shares on the Nigerian Stock Exchange

It's official, Nigeria's largest GSM Company, MTN Nigeria, will be listed on the Nigerian Stock Exchange on Thursday 16th of May 2019.

10 Tips You Must Know When You Seek For A Bank Loan In Nigeria

Every business at some point in its operating cycle will require some form of finance to pay its short term indebtedness or to fund...
CBN Gov Godiwn Emefiele

These Are The Eight Advantages of Treasury Single Account (TSA)

The Federal Government officially commenced the operation of a Treasury Single Account on Monday, 17th of September 2015. This effectively moved about N1.2 trillion...
Dangote Refinery

Dangote Refinery’s major competition has been identified

Long before Dangote Refinery's commencement of operation, its major competitors have been identified.
Securities and Exchange Commission Nigeria, SEC might nullify Access Bank and Diamond Bank merger, Access Bank and Diamond Bank

Ex-Minister asks court to nullify Access-Diamond merger

The Securities and Exchange Commission (@SECNigeria) has been urged to nullify the merger between Access Bank (@myaccessbank) and Diamond Bank which took effect in March 2019 after the legal completion of the merger.
Canadian permanent residency

Canada invites 3,350 Express Entry Candidates to apply for PR in May draw

The Canada Government has once again invited 3,350 Express Entry candidates to apply for Canadian Permanent Residency (PR) in the latest draw held on Wednesday, May 29. This is contained in Canada's Immigration Newsletter recently released for May 2019.

This Is The Full 2015 Nigerian Budget Speech (Updated)

The Budget office finally released the full transcript of the 2015 Budget speech which is much more comprehensive than the one earlier put up...

How To Calculate Cost To Income Ratio?

  I am sure some of us who bother reading financial statement of banks may have come in touch with the phrase "Cost To Income...
How to earn extra income

Here are 10 ways you can earn an extra N50,000 every month

Many of us find ourselves struggling to augment our monthly regular take homes. What if there are other things we could do to earn extra incomes?
Lagos Airport

FG explains why it plans to demolish and rebuild the MMIA in Lagos

FG has explained the underlining reasons for the planned demolition and rebuilding of the 40-year-old Murtala Muhammed International Airport in Lagos.
FirstBank

Former Zenith Bank Investment Guru, Michael Anyimah, moves to rival First Bank

Michael Anyimah's departure to First Bank of Nigeria Limited could lead to an uptick in trading income for the tier-1 bank.
Access Bank Plc appoints Chizoma Okoli as new Director

Access Bank Plc appoints Chizoma Okoli as new Director

Ms Chizoma Okoli brings with her a deep banking and board room experience and will be an added advantage to the Access Bank team.

How To Check If Your Vehicle Insurance Is Authentic

Finally, right here in Nigeria, we can now check the authenticity of your Vehicle Insurance Policy. Thanks to the efforts of the Nigerian Insurance...

Why Nigerian Music Videos Cost So Much

The Nigerian Music Industry has transformed over the years, evidence is the quality of videos that are now key components of such transformation. In the...
Pension funds

Difference Between A Pension Fund Administrator And A Pension Fund Custodian

  PENSION FUND ADMINISTRATORS A Pension Fund Administrators in Nigeria are licensed to manage Pension Fund Assets on behalf of pension fund contributors. According to the...
Lionheart

Corporate Life: A banker’s critique of Genevieve Nnaji’s “Lionheart”

Genevieve Nnaji generated quite the buzz last year when she announced that Netflix had acquired content rights to her latest film - Lionheart.
Canadian Permanent Residency

Applications for Canadian Permanent Residency hit 35,100 in 5-months

The total number of Invitations to Apply (ITAs) issued so far to Express Entry Candidates who applied for the Canadian Permanent Residency in 2019 has hit 35,100.

CBN to lose N7.6 billion in tax payers money for selling dollars to Hajj...

The Central Bank of Nigeria has issued a circular instructing commercial banks to sell dollars to Pilgrims going to the Hajj at an exchange...

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Central Bank of Nigeria

CBN is set to recapitalise Nigerian banks again

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks.
Julian Osula, Julian's Luxury

Meet Julian Osula, the billionaire who disrupted traffic with a helicopter

Finally, the identity of the billionaire that disrupted traffic along Lagos-Benin Expressway has been revealed.
NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank in its 2018 financial statements disclosed a staff defrauded the bank of N230 million.