Traders in the federal capital territory have decried the non-payment of workers’ December salary even as they say it has negatively affected patronage in major markets.
Some of the traders who spoke with The Abuja Inquirer said patronage have been relatively low, compa [...]
The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has commended the federal government’s decision to remove subsidy on petroleum products, describing the subsidy policy as a financial burden that Nigeria must urgently discard.
President Muhammadu Buhari had in his 2016 bud [...]
Conflicting views have continued to trail the 2016 budget proposal, with some analysts expressing worry over the successful implementation of the N6.08trillion ’Budget of Change.’
The budget, which President Muhammad Buhari, has described as one that would stimulate the economy, wit [...]
Economic indicators show that it has been a tough year for banks with most of them set to post low profit margins as compared to corresponding year.
The poor returns is coming on the heels of denial by the Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele that “there is no [...]
The Central Bank of Nigeria has advised bank customers to be wary of fraudsters who trick people into releasing their bank details through fraudulent messages purportedly asking them to complete their Bank Verification Number, BVN registration process to avoid the deactivation of their accounts.< [...]
As the clamour for the removal of petroleum subsidy deepens in some quarters, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has called for the diversion of the subsidy fund to agriculture.
Ogbeh, who made the call at an interactive session with the House Committee on Agri [...]
In furtherance of the proposed multi-million dollar investment by some Chinese companies into key sectors in Nigeria, a Chinese company, HellogJiang Pingyuan Rice Group, has proposed a $300 million rice project in the country.
Chief Executive Officer of the group, Mr. Wang Jing Xin, disclosed t [...]
Operators of Bureaux de Change, BDCs, across the country have until March 10, 2016, to shut down all branch operations except for its registered office, or risk facing sanctions from the central bank.
A recent guideline from the CBN also advised operators to cut off all business relations with [...]
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