BUSINESS
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NDIC Begins Payment to Depositors of 154 Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of money deposited in the 154 failed Micro Finance Banks (MFBs) to…
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$9.6 Billion Judgment: FG Gets UK Court Approval to Appeal Ruling
A United Kingdom court has granted the Federal Government leave to appeal the judgment that asked Process and Industrial Developments…
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LCCI Partners UBA To Create Value for SMEs at 2019 Lagos Int’ Trade Fair
The United Bank for Africa (UBA) and Lagos Chambers of Commerce and Industry (LCCI) have joined forces to create value for Small and Medium Enterprises…
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NNPC Transfers Stake in four oil Wells to NPDC
The Nigerian National Petroleum Corporation (NNPC) has signed an agreement with Nigeria Agip Oil Company (NAOC) and Oando for the transfer of its stake in…
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IMF Appoints New Managing Director As Lagarde Steps Down
The International Monetary Fund (IMF) has selected a new managing director following the stepping down of Christine Lagarde. Bulgarian economist, Kristalina Georgieva will replace Lagarde who is leaving to become head…
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FG Denies Dangote, Promasidor, 13 Other companies Exemption from Income Tax
The Federal Government through the Nigerian Investment Promotion Commission (NIPC) has denied the application of 15 companies which sought to be granted the…
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With Two Million Children Malnourished in Nig, FG should Mandate Companies to Fortify Rice–Dangote
The president of the Dangote Group, Alhaji Aliko Dangote has called on the Federal Government of Nigeria to make it…
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India’s Investments in Nigeria now $15 billion
The total investments of Indian companies in Nigerian economy have reached a record high of $15 billion according to India’s…
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NSE Lifts Suspension on Trading Shares of Guinea Insurance Plc, One Other
The Nigerian Stock Exchange (NSE) has lifted the suspension it placed on the trading shares of Guinea Insurance Plc and…
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‘CBN Will Cut Monetary Policy Rate, If…’– Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the apex bank would move to further cut the Monetary Policy Rate (MPR)…
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