Financial

Governors Reject FG's Plan To Ask For Refund Of N614bn Bailout   The Federal Government has demanded the repayment of N614bn it offered to 35 states...

Banks Disregard CBN's Directive On Torn N50 Notes, Others   Indications emerged on Thursday that Nigerian commercial banks were not complying with a Central Bank of...

SEC Okays NSE Rulebook On Derivatives Market   The Securities and Exchange Commission has approved the Nigerian Stock Exchange’s rulebook on derivatives market. The NSE said the...

Bonds: FG Rakes In N620bn In 6 Months   The Federal Government recorded a total of N619.63bn from debt securities issued in the first half of...

IRS Targets N80bn Revenue In FCT   The Federal Capital Territory’s (FCT) Inland Revenue Service (IRS) is working hard to rake in not less than N80bn...

LNG Sponsored-projects In Nigeria, Others To Attract $103bn   Liquefied Natural Gas projects in Nigeria, Egypt, Mozambique and elsewhere on the African continent are expected to...

Investors Undersubscribe FG's August Bonds   The Federal Government’s N145bn August bonds, which was offered on Wednesday were undersubcribed by N49.91bn The Debt Management Office showed the...

Nigerian Payment Firms To Generate $1.19bn From Remittances   Nigerian banks, fintech companies and mobile money operators are likely to earn $1.19bn from remittances this year,...

Buhari Approves N600bn Intervention Fund For Power Sector   The power sector is going to get another intervention of N600bn from the Federal Government very soon. President...

By 2050, Global Investments In Renewables To Hit $13.3trn   A new report, produced by Bloomberg NEF (BNEF), has said global investments in renewable energy generation...

FIRS Lists Obasanjo Farms, Others Among 1901 Tax Defaulters   The Federal Inland Revenue Service (FIRS) has published names of businesses that have failed to comply...

Banks Suffer N100bn Bad Loans In Power Sector   A total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as...

Abuse Of Tax Incentives, Multi-Taxation Are Impediments To Taxation - CITN   The Chartered Institute of Taxation of Nigeria (CITN), on Monday, said multiple taxation and...

CBN Records N112bn Oversubscription On T-bills Auction The Central Bank of Nigeria has recorded an oversubscription of N112.15bn on its last Treasury Bills auction. The CBN...

With N1.04trn, South-West Tops Domestic Debtors' List   The South-West has more domestic debt than other regions of the country. Statistics obtained from the Debt Management Office...

DMO Earmarks N324m Bonds To 408 Subscribers   The Debt Management Office (DMO) has allotted the sum of N324m, raised during its monthly August subscription of...

CBN May Slash Rate As Inflation Slows To 12-month Low   Analysts have indicated that the latest inflation figures from the Nigerian economy are good news...

Non-oil Imports Exceed Exports By 463% The first quarter trade statistics have shown that Nigeria’s non-oil imports by sea surpassed exports by over 463 per...

Buhari Summons Fowler Over Tax Under Remittance President Muhammadu Buhari has summoned the Executive Chairman of the Federal Inland Revenue Service(FIRS) Mr Babatunde Fowler to...

CBN To Disburse Lower Currencies To Microfinance Banks   To stem the scarcity and hawking of the currency, the Central Bank of Nigeria (CBN), has released...