Business

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


Bidders test financial strength of 9mobile

The five companies in the running for possible take-over of 9mobile are currently conducting due diligence on the company to ascertain its financial health before bidding, the Nigerian Communications Commission, NCC, has said.

Executive Vice Chairman of the commission, Prof. Umar Danbattaa, sai [...]

Fri, 15 December 2017


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PhotoAMMC clears roadside traders, illegal park at Area 1

In continuation of its cleaning exercise, the Abuja Metropolitan Management Council, AMMC, had cleared illegal structures in Area 1, Garki, Abuja.& [...]

22 February 2018

PhotoGroup seeks FG partnership on rights protection in extractive industry

Voluntary Principles Initiative, VPI, has promised to partner with the Federal Government to ensure the protection of human rights in the extractiv [...]

22 February 2018