Category Archives: Business & Finance Updates

N37bn saved from mistakes in MDAs’ promotion arrears claims — AGF

N37bn saved from mistakes in MDAs’ promotion arrears claims — AGF

Mr Ahmed Idris, Accountant-General of the Federation (AGF), says over N37 billion has been saved from misapplications, paddings, mistakes and non-compliance by MDAs to the

Remove oil subsidy, manage debt profile: NECA to FG

Remove oil subsidy, manage debt profile: NECA to FG

The Nigeria Employers’ Consultative Association (NECA) has called for the deregulation of the downstream sector of the oil and gas industry to boost the economy.

CBN introduces guidelines for non-interest financial institutions

CBN Governor Godwin Emefiele

The Central Bank of Nigeria has introduced guidelines on the management of investment account holders for Non- Interest Financial Institutions in Nigeria. The regulatory body

Nigerian Stock Exchange CEO Advises Investors to Embrace FinTech

Nigerian Stock Exchange CEO Advises Investors to Embrace FinTech

The Chief Executive Officer (CEO) of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has called on domestic investors to embrace financial technology (FinTechs) as capital

CBN to auction N58.5bn Treasury bills this week

CBN to auction N58.5bn Treasury bills this week

The Central Bank of Nigeria will conduct a primary market auction on Treasury bills this week, offering a total of N58.5bn across the 91-day (N5.8bn),

Investors’ wealth dips by N24b as stock market reopens bearish

Investors’ wealth dips by N24b as stock market reopens bearish

Transactions on the equity sector of the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday following price losses suffered by most highly capitalised stocks,

FG to Enhance Growth of Metal Sector

FG to Enhance Growth of Metal Sector

The federal government has resolved to prioritise the resuscitation of the mineral and metal sector so as to pave way for Nigeria economic growth and

Operators seek assets securitisation to boost capital formation

capital-market

Capital market operators have called for securitisation of assets, and establishment of a mortgage-backed securities market, to facilitate capital formation, and tackle rising housing deficit

Mutual fund segment generates N65 billion profit in Q1

Mutual funds asset class has generated 10.44 per cent or N64.892 billion profit in the first quarter of 2019, from N621.593 billion recorded as at

NNPC pays $1.5bn cash call debt to IOCs

NNPC speaks on increasing fuel price

The Nigerian National Petroleum Corporation says it has reduced cash call arrears owed to international oil companies, its Joint Venture partners, by $1.5bn. The corporation

CITN to sustain tax discourse at yearly conference

CITN to sustain tax discourse at yearly conference

The Chartered Institute of Taxation of Nigeria (CITN) would be furthering discussions on the current economic realities in the tax space during its 21st Yearly

Banks’ soaring profits and customers’ losses, ignorance

Banks’ soaring profits and customers’ losses, ignorance

Banking industry’s profit has become a manifest of tale of mixed fortunes. While the nation’s Deposit Money Banks regale with huge numbers in the harvest