Business

NBS to conduct survey on hygiene, others

The National Bureau of Statistics is set to begin a survey on water and sanitation, to provide further context on previously published data on water access, open defecation, and other factors that affects public hygiene.

The study, to be conducted in collaboration with the Federal Ministry of W [...]

Mon, 23 April 2018


RMAFC recovers govt. funds held in banks

A total of N48.7billion has been returned to federal government coffers by the Revenue Mobilization Allocation and Fiscal Commission, RMAFC, from unremitted funds it recovered from collecting banks engaged by some government agencies.

The Commission recently revealed that it had recovered the s [...]

Mon, 23 April 2018


US govt. commends NDIC over academy

The Nigeria Deposit Insurance Corporation, NDIC, has been commended for setting a standard for capacity building on Deposit Insurance System, DIS, in African.

The recent commendation which came from the United States Department of Treasury, particularly commended the NDIC for setting up a world [...]

Mon, 23 April 2018


CBN, Banks distribute start-up kits to SMEs

At least 358 youths took delivery of materials worth N133million in the first phase of the Agribusiness Small and Medium Enterprises Investment Scheme, AGSMEIS, of the Central Bank of Nigeria.

The disbursement is part of the N26billion AGSMEIS fund arrangement of the apex bank and the Deposit M [...]

Sun, 15 April 2018


VAIDS: Buhari bows to pressure, extends deadline

The Presidency may have finally bowed to pressures from some state governors, individuals and business owners to extend its tax amnesty period, as President Muhammadu Buhari last week approved an additional 90days extension of the Voluntary Assets and Income Declaration Scheme.

Minister of Fina [...]

Sun, 15 April 2018


Inflation rate drops by 0.99% in March

Nigeria’s inflation rate dropped by 0.99percent points to hit 13.34percent in March 2018, away from the 14.33 percent recorded in February, the National Bureau of Statistics, NBS, has disclosed.

The Bureau reports in its Consumer Price Index, CPI, which measures inflation, that the figure [...]

Sun, 15 April 2018


Economic recovery, CBN ask policy makers to be vigilant

Nigeria’s apex bank has asked policy makers and leaders to remain vigilant so the country does slip back to another economic recession, stressing that it is not time to be confident of the recovery made.

The governor of the Central Bank, Mr. Godwin Emefiele, gave the advice at the 25th ed [...]

Sun, 15 April 2018


MTN pays 50% unregistered SIM fine to Nigeria

MTN Nigeria has so far paid over 50percent of the N330 billion fine slammed on it in for its failure to comply with the federal government’s rules on deactivation of unregistered SIM cards.

The Nigerian government had in October 2015, imposed N1.04trillion fine on the telecom giant for fa [...]

Sun, 15 April 2018


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Latest posts

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23 May 2018