The Federal Government has hunted down 700,000 firms that have never paid taxes as it seeks new revenue sources to offset low oil prices that have pushed the country into its first recession in more than 20 years. The Executive Chairman, Federal Inland Revenue Service,...

The Emir of Kano, Muhammadu Sanusi II, joined the list of eminent Nigerians calling for sale of state assets to get the much-needed foreign exchange and shore up the nation’s fast-depleting external reserves. Sanusi, who spoke in Lagos as the special guest at the launch...

The country’s debt profile has risen to N16.29tn, the Debt Management Office has said. Statistics obtained from the DMO  showed that the country’s total debt liability had risen to N16.29tn as of June 30, 2016. As of June 2015, the country’s total debt stood at...

The management of Unity Bank Plc has sacked 215 staff, just as they also engaged additional 200 fresh staff in a fresh restructuring, sources said. Most of those sacked were branch managers and senior staff, sources close to the Daily Trust have disclosed. The human capital...

Investors gained N22.2billion at the stock market yesterday as the trading resumed on bullish note after two days holiday. The Nigerian Stock Exchange (NSE) All-Share Index rose by 0.23 per cent to close at 27,642.13, while market capitalisation added N22.2 billion to be at...

Air travellers avoided the ticketing and reservation counters of Arik Air  despite the fact that the airline commenced skeletal operations in the afternoon at the Nnamdi Azikiwe International Airport Abuja. Arik, Nigeria’s largest commercial airline, had announced a temporary suspension of its flight services on...