NERC’s Consumption Cap Will Cut Power Sector’s Annual Income By N12bn:

    A model framework developed by the Nigerian Electricity Regulatory Commission (NERC) to cap revenues accruable to electricity distribution companies...

MTN SA CEO, Farroukh resigns due to Poor Results

The Chief Executive Officer of MTN Group Ltd (MTN South Africa) Ahmad Farroukh, has resigned amid strikes and declining sales...

Only $300 Million Is Left As FG And States Share $1.7Billion From ECA

The Federal Government and the 36 states have agreed to share $1.7billion of the $2billion balance in the Excess Crude...

This Is Why Nigeria Loses N700bn To Tourism Annually

Fresh facts have revealed that Nigeria loses over seven hundred billion naira (N700 billion) to tourism annually due to poor...

Shell Commence Grassroots Campaign Against Crude Oil Theft In Ogoniland

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has kicked off the second phase of its grassroots campaign against...

To Enhance Its Revenue, FAAN Sets Up Task Force

The Managing Director of the Federal Airports Authority of Nigeria (FAAN) Engr. Saleh Dunoma, has established a special task force...

NERC Issues Consultation Guidelines For DISCOs

The Nigerian Electricity Regulatory Commission (NERC) has issued guidelines for consultation by operators that want to review the cost of...
Access Bank and Union Bank, Access Bank, CBN, Creative Industry Financing Initiative, CIFI

Access Bank Will Boost Agriculture In The North East – MD

 The Managing Director Access Bank Mr. Herbart Wigwe, has revealed that the bank is ready to enter into partnership with...

Unlike In Nigeria, Embattled Greek Finance Minister Resigns

Yanis Varoufakis, Greece's embattled finance minister, has resigned his post, saying the move could help Prime Minister Alexis Tsipras reach...

These Underwriters Will Pay N21m As Fine To NAICOM

For failing to submit their annual accounts before the June 30 deadline, five insurance companies are to pay a minimum of...

FG Is Owing Us Over N300bn – DAPPMA

The Depot and Petroleum Products Marketers Association (DAPPMA) has expressed deep concern that the federal government has kept mum over...
Obama's basketball jersey

Your Stolen Funds Will Not Pass Through Our Banks – US Envoy

In re-assuring its support to help Nigeria in fighting all forms of corruption, the United States (US) Government has said that...

Reason NERC Withdrew Financial Support for NECAN

The Nigerian Electricity Regulatory Commission (NERC) has provided reasons why it decided to rethink on its proposed financial support for...

NLNG Explains Role In Dry Dock Project

The Nigeria Liquefied Natural Gas Limited (NLNG) has said it is only a facilitator of the $1.5 billion dockyard proposed...

Sterling Bank Partners FSD On Human Capital Development

As part of its Corporate Social Responsibility (CSR) drive towards supporting skill acquisition among youths to prepare them for self-employment,...

SEC Gives Firms July 31 As Deadline For Mergers And Acquisitions

All capital market operators planning on mergers and acquisitions or any reclassification of their functions have July 31 to do...
Oando, NSE

Oando Plc Names Tanimu Yakubu Muhammad Non-Executive Director

Oil marketing giant, Oando Plc on Friday announced it has appointed Tanimu Yakubu Muhammad as a non-executive director of the...

Oando appoints former Chief Economic Adviser to the President as Director

Oando Plc has notified The Nigerian Stock Exchange that the Company’s Board of Directors has appointed Dr. Tanimu Yakubu Muhammad...
CBN Gov Godiwn Emefiele

Dangote Backs Emefiele, says “We cannot be importing poverty and exporting jobs.”

Alhaji Aliko Dangote, has come out in  strong support of the CBN’s decision, calling the ban on 41 items from...

Referendum – What’s The Word From Greece?

Greeks are voting Sunday on a landmark referendum: "Yes" or "No" to another bailout and more austerity? In Greek, that's...

Australia Extends Help To Nigeria On Agriculture

The Australian government has expressed its readiness to help Nigeria’s growth in the agriculture sector by giving scholarships to postgraduate students...

[Reforms] First and Business Class Travelers Will Pay More on Tickets

The Federal Inland Revenue Service (FIRS)  has released a new tax regime for travelers that will see first class and business...

Dangote Explodes “Dollar Will Sell For N500 If…..

It is no news that he owns the title of being Africa's richest man, neither is it news of his...

“Get Ready To Sell Your Private Jets” – Oshiomhole Tell Owners

Gov. Adams Oshiomhole of Edo on Friday advised public officers and politicians to get rid of their private jets as...

Reason We Will Not Devalue The Naira – CBN

The Central Bank of Nigeria, CBN, Friday, disclosed that its decision not to undertake a further devaluation of the naira...

DPR Assures Abuja Residents That Fuel Queues Will Soon Disappear

The Department of Petroleum Resources (DPR) has said that fuel queues in Abuja will soon disappear as 3.2 million litres...

Abuja’s Power Supply Nose-Dives to 120MW From Multiple System Failure

Information gathered on Thursday in Abuja disclosed that multiple system collapses of transmission facilities of the Transmission Company of Nigeria...

NCAA Approves NAHCO’s New Charges

The Nigerian Civil Aviation Authority (NCAA) has given approval to the recent cargo tariff increase being implemented by the Nigerian...

Nigeria Made N66.13b From Petroleum Product Export

An export of 634.89 million litres of Low Pour Fuel Oil (LPFO) and Naphtha worth about N66.13 billion was made...

FIRS raised N1.84 trillion from taxes in the first half of 2015

The Acting Executive Chairman of the Federal Inland Revenue Service, Mr. Sunday Odugbesan, said on Thursday that the agency raised...

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Nigerian Banks stocks are bleeding but these two banks are soaring

Two banking stocks, in particular, are posting double-digit growth in their stock prices this year to date.
Oluwaseun Onigbinde

BudgIT’s Onigbinde has resigned as Technical Adviser to Ministry of Budget

Seun Onigbinde's (@seunonigbinde) resignation is coming barely weeks after his appointment as Technical Adviser to the Budget Minsitry was made public.
Ex Finance Minister Zainab Ahmed, explains why VAT will rise to 7.5% next year

This thread exposed everything that’s wrong with Nigeria’s VAT

There are reasons why it may be wrong to compare VAT in Nigeria with that of other countries. Our VAT is not a proper VAT.