Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

Senate mulls review of tax laws to improve ease of doing business

The recently concluded 22nd Nigerian Economic Summit in Abuja, tagged ‘Made-in-Nigeria’ may have been a strategic roundtable for the redesigning of several challenging matters bordering on economy. It seems to be the most successful and trending over the years following…

Wema Bank releases N221m to Lagos Judiciary for LAPLR

Wema Bank has released to the d Lagos Archives and Property Litigation Registry (LAPLR) a project finance facility of N201 million, plus another N20 million which it doled out to support the Lagos State government and Justice Research Institute Limited…

Template for MDAs use of funds underway—Minister

The Federal Government is now working on developing a new template on approved expenses for government-owned enterprises to halts abuse of recurrent expenditure. The Minister of Finance, Mrs. Kemi Adeosun, revealed the emerging plan in Abuja yestderday at a workshop…

AfDB directors approve AIF to deepen FDI for Africa

To drive the needed campaign for investors from developed world to see and understand the potentials of the continent, the board of directors at the African Development Bank (AfDB) has passed the institution’s proposal to launch an Africa Investment Forum…

Bankers’ Committee halts job loss, silent on recall of sacked staff

The hopes of over 1,000 workers that recently lost their jobs in several banks were yesterday dashed following the decision of Bankers’ Committee which only ordered end to mass sack but could not talk on recall of sacked staff. Bankers’…

Abiru, Skye Bank GMD advocates financial literacy among youths

Group Managing Director of Skye Bank Plc, Tokunbo Abiru, has disclosed plans by the Bankers’ Committee to continuously improve the level of financial literacy among the youths. Barring his mind at the Bankers’ Committee meeting in Lagos, Abiru said the…

UBA profit surges to N52bn

Upon Nigeria’s current economic recession, the unaudited third-quarter financial results of the United Bank for Africa Plc (UBA) has shown an eight percent increase in profit after tax to N52 billion. The bank, which recorded N48.6 billion profit after tax…

UBA, EIB seal deal on private sector financing

The European Investment Bank and United Bank for Africa have signed an agreement to support private sector investment across Nigeria. The development will allow UBA to provide longer term funding to private companies in Nigeria. In a statement by UBA,…

FG releases N3.9tr, more than half of 2016 budget to MDAs –Finance Minister

Finance Minister, Mrs. Kemi Adeosun, has said that at the end of September, N3.9 trillion out of the N6.1 trillion budgeted for the year has been released. Director, Special Projects in the ministry, Mr. Mohammed Dikwa, who represented the minister,…

CBN denies credit crisis in 7 banks

The Central Bank of Nigeria (CBN) has refuted the claims by a Dubai-based international financial group that about seven Nigerian banks are at the risk of collapse while two are already down. These were part of the resolutions of yesterday’s…