ATM transactions results in 51% e-payment dealings in Q4

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 [...]

Fri, 09 February 2018

NEXIM task SMEs on N550bn loan facilities

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 [...]

Fri, 09 February 2018

Nigeria has the worst tax payment culture - Minister

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 [...]

Fri, 09 February 2018

FG finally addressing economic challenges - Adeosun

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 [...]

Fri, 09 February 2018

DMO ready for the next stage of refinancing domestic debt

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 [...]

Thu, 08 February 2018

NNPC, DPR clamp down on Kubwa fuel station

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 [...]

Thu, 28 December 2017

Low liquidity: fear grips investors over trapped funds

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 [...]

Fri, 15 December 2017


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