Automated Teller Machine, ATM, transactions were said to have dominated the volume of electronic payment dealings in the last quarter of 2017, resulting in over 51percent of the total e-payment businesses made in the period.
According to the National Bureau of Statistics’ data on Electron [...]
Eligible export-oriented Small and Medium Entrepreneurs in the South-East and Delta States of the country have been asked to access the N500billion Export Stimulation Facility, ESF, and the N50billion Export Development Fund domiciled with the Nigerian Export-Import Bank.
The Managing Director [...]
The Minister of Finance, Mrs. Kemi Adeosun, has decried the poor tax payment culture in Nigeria, describing it as one of the worst there is, as only about 20percent of its economically active population pay their tax.
Adeosun while speaking at a sensitisation programme on the Voluntary Assets an [...]
The federal government said it is finally addressing some of the most stubborn problems that are frustrating the nation’s economic growth, by addressing the challenge of infrastructure deficit in the country and focusing on revenue drive.
Nigeria’s Minister of Finance, Mrs. Kemi Ade [...]
The planned external financing of USD2.50 billion is for the refinancing of maturing domestic debt obligations of the Federal Government.
It is not a new or incremental debt because it will not lead to an increase in the public debt stock.
The purpose is to rebalance the Federal Governme [...]
A combined team of officials from the Nigerian National Petroleum Corporation, NNPC, and the Department of Petroleum Resources, DPR, has clamped down on an errant fuel station in Kubwa.
The Corporation said in a statement that its Group Managing Director, Dr. Maikanti Baru, ordered an i [...]
The current economic condition in Nigeria characterised by inflation and low liquidity, could be sending negative signals to foreign investors, as a number of them are skeptical about being able to retrieve their funds whenever they decide to pull out their investments.
The International Moneta [...]
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