Senate summons AGF, CBN over N596bn ecological fund The Senate, on Thursday, following an audit query from the office of the Auditor General of the Federation, summoned the Secretary to the Government of the Federation, Mr Boss Mustapha, to explain details of an ecological fund totalling N596bn…..read more. Nigeria’s oil exports fall as explosion…
DetailsThursday, February 13, 2020 BPE to raise N267bn from privatization of 20 coys Abuja Bureau Chief The Director-General of the Bureau of Public Enterprises, BPE, Mr. Alex Okoh, has advised against re-nationalisation of the nation’s electricity power assets. He also projected that the bureau would raise N266.9 billion from privatization of 20 companies in order…
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NSE’s Demutualisation Progresses as Members Meet on Share Allotment The demutualisation process of the Nigerian Stock Exchange (NSE) is nearing its peak as the members of the exchange will meet on March 3, to approve a change in the name of the exchange and allotment of shares in accordance with the scheme of arrangement…read more.…
DetailsTuesday, 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…
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High interest rates top business constraints, says CBN High interest rates, unfavourable economic climate and insufficient power supply have been identified as the major constraints to businesses in the country… read more Lagos provides N13bn pension bailout Lagos State Government says it approved N13bn pension bail in the 2020 budget, and released N1.92bn for the…
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FG to issue N25b third green bond for renewable energy, others The Minister of Environment, Dr. Mohammad Mahmood Abubakar, has said Nigeria is set to access a third tranche of the green bond programme of up to N25 billion to fund environmental projects.… read more Market rebounds as financial stocks lift index by 0.17 per…
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CBN targets $12 billion in export trade by 2024 The Central Bank of Nigeria (CBN) has disclosed plans to improve its agenda to diversify the nation’s economy from the oil sector to the non-oil sector, through the launch of a set of policies, noting that it targets to achieve $12 billion in export trade by…
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Wednesday, February 5, 2020 Customs investigate $8.07m seized at Lagos airport The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed International Airport, Lagos….read more. FG approaches China for $17bn loans The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan…
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Tuesday, February 4, 2020 Demurrage: Price increase looms, importers besiege SON The inability of importers to upload the Standards Organisation of Nigeria’s Conformity Assessment Certificate on the Nigeria Customs Service trade portal, for the purpose of getting the Pre-Arrival Assessment Report, has entered the third week and the development is causing panic….read more.…
DetailsThere’s no need to bore you with the meaning of Valentine’s Day as we all know that it is a day of love; a day of romance; a day to show your loved ones how much you really love them, a day when lovers reaffirm love and genuine affection for one another through the exchange…
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