Accounts Freezing: FIRS confirms payment of N23 billion by tax defaulters

Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler has disclosed that the agency has generated over N23 billion in unpaid taxes. While speaking at the Manufacturers...
Nigerian National Petroleum Corporation, Crude oil, oil production

IOCs are owing Nigeria $20bn, and FG wants them to pay now

Major international oil companies in Nigeria owe a collective tax arrears of about $20 billion, money the Government is now demanding that they pay.
Ibom Air expecting 3rd aircraft after second delivery

Ibom Air expecting 3rd aircraft after second delivery

Nigeria's first-owned airline, Ibom Air floated by Akwa Ibom government, is expecting the delivery of its third (3rd) aircraft after taking the delivery of...
NCC is not a fan of Google's free Wi-Fi

NCC is not a fan of Google’s free Wi-Fi

The Nigerian Communications Commission (NCC) has taken step to frustrate Google's free Wi-Fi scheme in Nigeria.
Buhari speech

What President Buhari said to Nigerians on the eve of 2019 presidential election

President Muhammadu Buhari has, on the eve of the 2019 presidential election, address the nation. The president urged Nigerians to come out en masse...
CBN, AMCON, Multiple taxation, Nigerian banks non-performing loans

Bank debtors obviously turning a new leaf as non-performing loans drop by 24% in...

CBN revealed that the total amount of non-performing loans of Nigerian banks declined to N1.79 trillion in 2018.
President Muhammadu Buhari

Exciting news for Savannah Sugar ex-workers as FG concludes verification

After 17 years of disengagement from their services, former workers of Savannah Sugar Company Limited (SSCL) would be paid the balance of their terminal benefits....
Nigeria's power sector loss

Nigeria’s power sector loses N69.1 billion in 7 weeks

The Advisory Power Team (APT) at the office of the Vice President has said the nation’s power sector lost N69.1 billion between January 1...
CAR capital adequacy ratio

ALERT: See if your Micro-finance Bank is licensed by CBN

The Central Bank of Nigeria (CBN) has recently released a list of licensed Micro-finance Banks (MFBs) in Nigeria as at February 13th 2019. The list...
President Muhammadu Buhari | Federal government

FG declares election eve ‘work free’ holiday

The Federal Government has declared Friday the 22nd of February, 2019 a public holiday. The move according to a statement by the Minister of...
Growing Circle, Ponzi Scheme

Again, SEC cracks down on another ponzi scheme firm

Growing Circle International Limited is an international advertising company with Headquarter in the United States.
Anchor Insurance, NAICOM, Appointments, Goxi Microinsurance

Goxi gets NAICOM approval to become first standalone microinsurer

Goxi Microinsurance Company gets NAICOM nod to operate as state microinsurer
Elections postponement, Nigeria's GDP, 2018 GDP

Elections postponement cause Nigeria’s Ports to suffer setbacks

Import and export activities in Nigeria's ports have reduced drastically owing to the postponement of the Presidential and National Assembly elections by the Independent...
CBN, AMCON, Multiple taxation, Nigerian banks non-performing loans

How multiple taxes affects Nigerian companies

Last weekend, capital market experts appealed to the incoming administration to eradicate multiple taxes as according to them, it is an investment obstacle, as companies...
Nigeria's election delay

How Nigeria’s aviation stakeholders lost billions to election delay

Days after Nigeria's presidential election was unexpectedly delayed, more facts have continued to emerge about the effects the move had on the economy.
Election delay

Election delay causes some investors to smile and others to frown

Saturday's dramatic and unexpected election delay in Nigeria may have had quite the ripple effect on the country's economy.
IPMAN, Nigeria 2019 elections, petrol price

Here’s why IPMAN is reducing pump price of petrol

The national president of IPMAN Chinedu Okworonkwo, has announced there will be a reduction in petroleum pump price from next week.
Crude prices

How global events are impacting crude prices in 2019

Global oil prices have risen for the first time in 2019, thanks to a wide array of global events.
Atiku Abubakar, Atiku claims he has big plans for private sector investment in infrastructure

Atiku Abubakar shocked by INEC’s shift of 2019 elections

Presidential candidate of the Peoples Democratic Party Atiku Abubakar has responded to the postponement of the 2019 general elections by the Independent National Electoral...
President Muhammadu Buhari | Federal government

President Buhari reacts to INEC shifting 2019 elections

President Muhammadu Buhari, has appealed for calm following INEC's rescheduling of Presidential and National Assembly elections. The elections which were billed to take place today,...
INEC postpones 2019 general elections

INEC postpones 2019 general elections

The Independent National Electoral Commission (INEC) has postponed the 2019 general elections. Chairman of the commission Mahmud Yakubu made this known in a press briefing...
PMB vs ATIKU: The Same or Something Different?

PMB vs ATIKU: The Same or Something Different?

The two camps have since released their manifestos.

Organised Private Sector table requests at PEBEC forum

Stakeholders from the Private sector that gathered recently in Lagos for an engagement forum with the Presidential Enabling Business Environment Council (PEBEC), got an opportunity to give...
Nigeria's 2019 presidential election, Atiku vs Buhari, Nigeria's 2019 election

Whoever wins Saturday’s election has their job cut out for them

The most important presidential election in Africa in 2019 is finally about to happen. And as expected, many people are agitated.
Buhari - Despite anti-corruption war, EU blacklists Nigeria for money laundering

Despite anti-corruption war, EU blacklists Nigeria for money laundering

Nigeria under the incumbent administration of President Muhammadu Buhari, should be seen as a country that money laundering is curbed. This is because of...
e-Commerce in Nigeria, Nigeria Customs

How reforms by the Nigeria Customs are aiding e-commerce

At the just concluded Ease of Doing Business Forum in Lagos, which was attended by the Senior Special Assistant to the President on Industry, Trade, and...
Indian Commissioner and NNPC GMD, Refineries, Turn Around Maintenance, Indian companies

Nigeria to handover TAM of refineries to Indian companies

The revitalisation of Nigeria's ailing refineries will be handled by Indian companies, the Nigerian National Petroleum Corporation (NNPC) made this known during a courtesy visit by a high profile member of the South Asian government.
Debt Management Office

FG to deploy new debt management strategy

Debt Management Office (DMO) has released a Federal Government's new National Debt Management Framework (NDMF) 2018-2022. The framework is a debt management strategy that will...

Stakeholders express commitment to protecting Nigeria’s financial sector

Members of the NDIC board were recently inaugurated.
PricewaterhouseCoopers, Nigerians in diaspora remittance, Nigerians in Diaspora investment

FG to back $3 billion proposed diaspora investment

About $3 billion will be invested by Nigerians in the diaspora.


shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

List of successful applicants for TEF 2019 announced

See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
Businesses in Nigeria | Make money from a single product

How to make $1bn from a single product in Nigeria

Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.