The Auditor-General of the Federation, Mr Samuel Ukura, said N183.7 billion could not be accounted for by auditors who conducted a special…
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News
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A Norwegian dried fish supplier is close to bankruptcy after currency controls imposed in Nigeria destroyed its biggest market. Nigerians have a…
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BusinessEconomyFinanceNewsOil and Gas
NNPC appoints 4 new Group Executive Directors, MDs, trims top management staff
The Management of the Nigerian National Petroleum Corporation (NNPC) has appointed four new Group Executive Directors to man the four new directorates…
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President Muhammadu Buhari has said that the prosecution of persons who have stolen national resources will begin in a matter of weeks.…
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BusinessEconomyFinanceNewsStock Market
Trading maintains negative trend, as market capitalisation drops N55bn
The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday dipped further by N55 billion to close lower at N10.717 trillion…
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BusinessEconomyFinanceNewsStock Market
Capital market operators seek downward review of interest rates
Some capital market operators on Tuesday called for downward review of the money market interest rate to boost investment at the nation’s…
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The Federal Government has directed that Nigerian National Petroleum Corporation (NNPC) and other offices funded from the Federation Account be paid into…
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President Muhammed Buhari on Monday asked the Ministry of Finance to explain why foreign loans obtained for various key rail projects by…
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The National Insurance Commission (NAICOM) said it had resolved 34 complaints arising from disputes over delayed or non-settlement of genuine insurance claims…
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Transactions at the Nigerian Stock Exchange (NSE) opened for the week on negative note, as the market indicators dropped by 0.04 per…
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BusinessEconomyFinanceNews
Capital market: 128 stockbroking firms scale through recapitlisation hurdle
About 92 firms may not be able to meet the Sept. 30, 2015 recapitalisation deadline, as stipulated by the Securities and Exchange…
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BusinessEconomyFinanceNews
CBN orders bank to honour foreign exchange request for school fees, BTA and others
By Omoh Gabriel The Central Bank of Nigeria CBN, yesterday frowned at some banks refusal to process eligible foreign exchange application for…
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BusinessEconomyFinanceNews
Nigeria to introduce new rules to stop tax evasion, increase in VAT underway
By Omoh Gabriel Chairman Federal Inland Revenue service Mr. Sunday Ogungbesan weekend said the federal government is considering a review of Value…