Credit to the Private sector in Nigeria in the second half of 2014 rose by 16.6 per cent to N12.6 trillion from…
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News
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Economic analysts have cautioned the incoming administration of General Muhammadu Buhari against increasing the tax rate as a way of generating additional…
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BusinessEconomyFinanceNews
Forex limit of naira debit card: CBN to set BVN trap for multiple card holders
Very soon, bank customers that have multiple naira debit cards linked to different banks accounts would not be able to spend more…
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The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has advised against any sale of the nation’s equity in the Joint Venture (JV)…
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The Nigerian Mansard Insurance Plc has been acquired by the France based AXA, one the international leading insurance and asset managment groups.…
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Guinness Nigeria Plc, has announced that it will be establishing a N10 billion Commercial Paper (“CP”) programme with the view to launching…
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The Financial Market Dealers Quotations (FMDQ) OTC Plc on Thursday declared N1.75 billion as revenue for the year ended Dec. 31, 2014.…
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Nigerian foreign exchange reserves fell 1 per cent month-on-month to $29.5 billion by April 28, from $29.8 billion a month earlier, the…
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Oil eased toward $66 a barrel yesterday after reaching a 2015 high, as ample current supplies and weak Chinese factory activity countered…
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The Central Bank yesterday said that the fiscal operations of the Federal Government in the second half of 2014 resulted in an…
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The forensic audit conducted by PWC on NNPC to ascertain the veracity of the alleged missing $20 billion from the Federation account…
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BusinessEconomyFinanceNews
NNPC act gives it a “Blank” cheque to spend without limit or control—-PWC
President, Goodluck Jonathan’s order that the forensic audit report of the NNPC be made public is generating furor in some quarters and…
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BusinessEconomyFinanceNewsStock Market
No plans to extend recapitalisation deadline for capital market operators — SEC boss
The Securities and Exchange Commission (SEC) said that Sept. 30 deadline for new minimum capital requirement for market operators would not be…
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BusinessEconomyFinanceNews
New debit card limit for overseas transaction Customers divided as banks commence implementation
Bank customers are divided over the reduction in the amount of foreign exchange that can be accessed for overseas transactions through naira…