| Tuesday, February 11, 2020 |
Nigeria earned N1.17tn from VAT in 2019 – CBN Between January and December 2019, the Federal Government generated the sum of N1.17tn from Value Added Tax. When compared to the target of N1.7tn set by the Federal Government in the 2019 budget, the amount represents a shortfall of about N530bn…..read more.
Access Bank seeks listing of N15bn green bond Access Bank Plc has announced its intention to list its N15 billion 15.50 percent fixed rate unsecured climate-credential green bond with five-year maturity on the Luxembourg Stock Exchange….read more.
NNPC has over $20bn assets, says Kyari The Nigerian National Petroleum Corporation has assets worth over $20bn, its Group Managing Director, Mr Mele Kyari, said on Monday, even as he decried the continued importation of petroleum products into the country….read more.
Nigeria’s e-payment transactions exceed N590tr The nation’s electronic payment (e-payment) system landscape has risen to a new height of about N592 trillion worth of transactions in 2019, a data from the Central Bank of Nigeria (CBN), obtained by The Guardian, yesterday, showed….read more.
Africa’s business leaders canvass ‘common good, capitalism With the role of capitalism sparking intense debate around the world, the need to boost impact of African business operators for common good of the people, regional growth, and continental development has been advanced…..read more.
AfCFTA could boost continental trade by $35b, says AFREXIMBank The President/Chairman Board of Directors, African Export-Import Bank (AfrexinBank), Prof. Benedict Oramah, has argued that the African Continental Free Trade Agreement (AfCFTA) could catalyse trade on the continent by $35billion, an increase of more than 50 per cent from current levels…..read more
Group Gives FG Ultimatum to Restructure Amnesty Programme Palpable tension has enveloped the Niger Delta, particularly amongst oil and gas industry workers following the emergence of a new militant group, the Niger Delta Sea Disciplines (NDSD)…read more.
TEF Disburses First Tranche of $5m AfDB Fund The founder of the Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has congratulated the African Development Bank (AfDB) and its President, Dr. Akinwumi Adesina, on their commitment to African entrepreneurship…read more.
NIPCO Appoints New Management Team to Drive Expansion NIPCO Plc, an integrated oil and gas company has approved the appointment of new helmsmen to drive company’s operations and expansion. The company appointed Suresh Kumar as its new Managing Director with effect from February 1, 2020…..read more.
The race to be Germany’s next leader is suddenly wide open after Merkel’s successor steps down The next political leader of Germany’s largest national party, the Christian Democratic Union (CDU), and the country, is in focus….read more.
US productivity rebounds in fourth quarter as labor costs growth slows U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check. Nonfarm productivity, which measures hourly output per worker, increased at a 1.4% annualized rate last quarter, the Labor Department said….read more.
Big banks are set up to ‘kill’ change, says founder of $2.5 billion fintech firm Monzo Monzo CEO Tom Blomfield says big banks are saddled with outdated tech and a risk-averse culture. Blomfield says the banks are “set up to prevent change” and are “hunting out change and trying to kill it….read more.