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Banking/Investments

CBN alone can’t resolve instability of naira with momentary dollar injections—Experts

naira dollar

Even though the Central Bank of Nigeria (CBN) had in the last couple of months been struggling to remain naira afloat, development economists and finance pundits are convinced that at some point, the apex bank will become weak and the entire castle it has been building alone in the wind may crash. For too long, the apex bank had been ...

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New report sees Nigerian firms doing better than others in recession across Africa

Companies-to-inspire-Africa

Fresh business growth and expansion report released in partnership with PwC, Africa Development Bank (AfDB) and CDC Group has shown that about 59 Nigerian firms out of 343 companies from 42 African countries, stood stronger and more active than others even as the economy remains in recession. The report said the figure in represents 17 per cent of the total ...

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All set for Emir Sanusi II of Kano to address AUN Graduation May 13

AUN Main Gate

The graduating class of 2017 at the American University of Nigeria (AUN) will experience a touch of royalty on May 13, when the 14th Emir of Kano will give the traditional Commencement Address. Interim President, Professor LeGene Quesenberry of AUN announced that HRH Alhaji Muhammadu Sanusi II(CON) has accepted the University’s invitation to serve as the ninth Commencement Speaker at ...

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FIRS generates N3.30trn revenue, explains why 2016 budget was in reds

FIRS

The Federal Inland Revenue Service (FIRS) has not only revealed that it collected N3.30 trillion revenue from taxes in 2016, but opened up on why the year’s budget was enmeshed in deficit. Speaking on the last day of a three-day workshop on taxation for journalists in Lagos, Chairman of the federal agency, Mr. Tunde Fowler, said the haul fall short ...

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What Nigeria’ll lose if TB Joshua yields to Israeli calls to relocate to Galilee in Israel

TB Joshua

There are fears that Nigerians and Nigerian government may be in for serious shocks should the founder and Senior Pastor of Synagogue Church of All Nations (SCOAN), Prophet T B Joshua finally heeds to growing calls and pressure from the State of Israel to move and relocate the entire church to any portion of land he may like around the ...

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992 out of 994 firms that paid taxes above N10m in 2015 were in Lagos—PwC chief

FIRS

More facts have emerged on why the Lagos State Government is not relenting in asking the federal government to by law, grant it a ‘Special Status’ considering the volume of revenues raked in annually by the apex government and for being the biggest strategic commercial hub of the nation and former capital where relics of federal edifies are in bad ...

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Structure of Nigeria’s federation serious setback for economic development—-Atiku

Atiku AA

More Politically Exposed Persons (PEPs) and economic pundits have continued to raise issues on the impending danger of destabilization if the structure of the Nigerian federation and by extension is not immediately reformed. The latest version of the appeals for the restructuring of the federation for the interest of the economy came from no other person than former Vice President, ...

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Ecobank steps up digital strategy, merges 74 branches for innovative service delivery

ecobank-logo

Lead commercial banking group, Ecobank Nigeria Limited has reaffirmed its digital transformation agenda designed to boost customers’ satisfaction in latest digital platforms to do their daily banking activities. The target of the new deal according to the bank is to reduce the need to go to elsewhere when the needed service is on hand all branches of the bank that ...

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S/East loses out if NASS approves Buhari’s $6.4 billion China, W/Bank loans

Buhari in office

Analysts have started giving analogy of how the South Eastern states will become worst losers by joining in paying for a loan that did not add any value to their lives if the presidency finally secures National Assembly approval to take about $6.4 billion dollar loans from the World Bank and China to fund railway infrastructure. This is so because ...

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States’ debt profile jumps to N2.9trn, Lagos, Delta, Akwa Ibom lead. Anambra lowest

DMO Logo

Details form the Debt Management Office (DMO) has shown that as at December 31, 2016, the total domestic debt profile of the 36 states of the federation stood at N2.958 trillion Lagos State is leading the pack with about 10.5 per cent of the total debt which is N311.755 billion, followed by Delta State which has a domestic debt profile ...

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