The Federal Government is looking at generating as much as $16.4bn (N5tn at N305 to the dollar) through asset sales in the next four years to reduce the burden on the public budget. The sales will help to tackle inefficiencies and stem “corruption in public...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said he will, like other consumers, be more resistant to payment of electricity bill if there is no supply. Fashola said this at the 12th Monthly Power Sector and Stakeholders’ Meeting in Ibadan hosted...

The new management of Arik Air has said it inherited nearly an empty shell of a carrier with only 10 out of the 28 aircraft in its fleet functional at the moment. It also said that the rot in the company would require N10bn to...

The Director General of the Securities and Exchange Commission, Mounir Gwarzo, has said large budget deficits can affect stock prices and undermine investor confidence. Speaking at the 2017 Budget seminar, organized by the SEC, Gwarzo said the primary concerns for investors, in regard to both...

Jaiz Bank has added N36 billion to the total market capitalisation of the Nigerian Stock Exchange ( NSE) following the official listing of its ordinary shares of N29.4 billion of 50kobo each at N1.25. Speaking at the ‘Facts behind the listing’, the Chief Executive of...

The Federal Government, through the Asset Management Corporation of Nigeria, took over the operations of the nation’s biggest carrier, Arik Air, and appointed Capt. Roy Ukpebo Ilegbodu as its new manager. It was gathered that the beleaguered airline was indebted to alone to the tune...