18% Rate: Economists Fault MPC Over Increase   Economists have faulted the Monetary Policy Committee of the Central Bank of Nigeria over its decision to increase the benchmark interest rate by 50 basis points to 18 per cent from 17.5 per...

FG Announces Removal Of 5% Tax On Calls, Data   The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The government announced that this was in line with the recommendations of a committee,...

Market Rebounds, Investors Gain N10bn After Bearish Run   The bearish run of the Nigerian Exchange Limited was halted on Tuesday as the market rebounded with N10bn gain for investors. The equities market capitalisation appreciated by 0.03 per cent to N29.909tn, the...

FG Loses Suit To Recover N70trn Loot Over Poor Prosecution   Justice Peter Lifu of the Federal High Court in Lagos has struck out the Federal Government’s suit seeking to recover and forfeit the sum of N70tn it alleged was stashed...

Buhari Rejects NASS Bill To Summon President, Govs   The Senate President, Ahmad Lawan, has stated the Senate will investigate the 19 Constitution Alteration Bills rejected by the President Muhammadu Buhari. Lawan made this known during plenary on Tuesday. The National Assembly had...

In 18 Months, e-Naira Records N22bn Transactions, 13mn Wallets In what may pass for a remarkable improvement and wider adoption of Nigeria’s digital currency, the value of transactions on eNaira hit N22 billion indicating a 68 per cent increase since...