2020 budget in danger as Nigeria faces drop in daily oil output
Strong indication has emerged suggesting hard times for the smooth running of the 2020 budget which is expected to ride on stable rise in daily oil output this year. However, figures from the monthly oil market report released by OPEC,…
Know Nigeria’s new Deputy CBN Governor designate; Kingsley Isitua Obiora
Kingsley Isitua Obiora, ever since rising to professional stardom, has been a serial record-breaker who has just been appointed Central Bank of Nigeria’s (CBN)s deputy governor, by President Muhammadu Buhari. Whereas his appointment is waiting for the National Assembly ratification,…
(Special Report): Facts, figures on Access Bank’s entrance to Cameroon
Background: Whereas last week, Access Bank Plc said in a statement filed at the NSE that it has received the approval of the Central Bank of Nigeria (CBN) for its proposed expansion into the Republic of Cameroon, further investigations by…
(Special Report) ‘Hard criteria for ECOWAS single currency may kill idea’
Strong indications have emerged revealing that it will take more than one decade for many of the 16 Economic Community of West African States (ECOWAS) Member States to meet the four primary convergence criteria for ECOWAS single currency. There is…
NOVA Merchant Bank now Duty Collecting bank for Nigeria Customs Service
NOVA Merchant Bank has joined the league of Nigerian banks designated as collecting bank for Import, Excise and other duties by the Nigeria Customs Service (NCS). The new status will among other thing, enable the Bank handle duty payments for…
Minister opens up on why crude oil theft lingers in Nigeria
Former Governor of Bayelsa State and current Minister of State, Petroleum, Chief Timipre Sylva, on Thursday in Abuja, gave a download of not only why oil theft had continued, but marshalled out antidotes. In a no-hold-barred media chat in his…
Having stabilized Ghana banking crisis, perpetrators’ll be jailed— President
As Ghana banking sector rebounds following the recent recapitalization drive on commercial and microfinance banks, President Nana Addo Dankwa Akufo-Addo has vowed that those found culpable for the crisis will soon face the full rigors of the law. Opening the…
Why Minister wants CBN to buy up gold off from local producers’
Challenges experienced by indigenous gold miners in securing genuine international markets for their products are now compelling the Minister of Mines and Steel Development, Olamilekan Adegbite, to approach Central Bank of Nigeria (CBN) in buying up the gold off the…
Finance Bill: ‘When you raise tax rate, compliance will go down’—PwC
Leading tax expert and partner on taxation with PricewaterhouseCoopers (PwC), Mr Taiwo Oyedele has raised an issue of urgent national importance, saying “All things being equal, anywhere around the world, when you raise tax rate, compliance will go down because…
Operating costliest ports in W’Africa pushing importers to neighbours—Bello
The Executive Secretary of Nigerian Shippers Council (NSC), Barr Hassan Bello, has opened up on reasons why neighbouring ports have been attracting key Nigerian import business and shipping vessels. Speaking in Abuja in an interview, he said part of the…
