Banks are no longer restricting the deduction of stamp duty on deposits made into current accounts, but now apply it to deposits made into savings accounts, investigation has shown. The Central Bank of Nigeria had through a circular issued on...

The year 2017 begins with the power sector carrying over its critical challenges of liquidity, low metering, and most of all, poor electricity supply. Daily Trust projects likely power sector outcomes in the fresh year. Tariff review: Electricity price may...

The President of the Senate, Dr Abubakar Bukola Saraki has launched a contest to promote made in Nigeria products. The Contest scheduled to run for three months is aimed at showcasing the process and raw materials used in producing such...

A financial expert has called on the Central Bank of Nigeria (CBN) to review the foreign exchange restriction placed on 41 items imported into the country. Dr Uche Uwaleke, the Head of Banking and Finance Department, Nasarawa State University, Keffi,...

Nigeria is set to establish a match-making data base for international business interconnectivity and stress-free investments, says Foreign Affairs Minister Geoffrey Onyeama. Onyeama told the News Agency of Nigeria (NAN) in Abuja that the 119 Nigeria missions abroad would serve...

Nigeria has been rated among the world leaders in aviation safety, the Nigerian Civil Aviation Authority (NCAA) has said. NCAA’s General Manager (Public Relations), Mr Sam Adurogboye, said in a statement that the country climbed to Level three State Safety...