Nigeria’s Sovereignty Not For Chinese Loans By Saliu Bashiru There is no gain saying that Nigeria as a country lacks infrastructural development, and without this, we can not develop and compete with the rest of the world. According to research by Mckinsey, Nigeria will need to invest over $31 billion annually for a period […]
In Three Months, CBN Disburses N539.8m Loans To Farmers The Central Bank of Nigeria disbursed N539.8m loans to farmers between January and March 2020. It disclosed this in its third quarter economic report on titled ‘Agricultural credit guarantee scheme’, obtained on Monday. Part of the report reads, “A total of N539.8m loans was […]
Nigeria’s Oil Projects Threatened As IOCs Suffer $27.8bn Loss Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country saw their financials take a dive in the second quarter of this year. The slump in oil prices caused by the coronavirus pandemic has forced […]
Taxes Contributed N500bn To Revenue In June – FIRS The Federal Inland Revenue Service (FIRS) has said tax revenues contributed at least N500bn to the N696 billion revenue that the three tiers of government shared in June 2020. The Executive Chairman, FIRS, Mr. Muhammad Nami, who disclosed this Monday on AIT programme also […]
Equity Market Begins August With N38bn Gain The equity market on Monday sustained rally for the second trading session to open the month of August on the positive note. The market performance indices, NSE ASI, appreciated by 0.29 per cent as the market breath closed positive with 19 gainers and 16 losers. Consequently, […]
Trade To Drive Growth In August – CBN Survey The retail and wholesale trade sector will drive business expansion in August, according to expectations from firms. The statistics department of the Central Bank of Nigeria disclosed this in its business expectation survey report. The survey was conducted in July. Part of the report […]
Ibrahim Magu: The Emperor Has No Clothes By Johnmary Chukwukasi Jideobi “Those who fight corruption should be clean themselves” – Vladimir Putin BACKGROUND FACTS: That the former Acting Chairman of the Economic and Financial Crimes Commission (called EFCC henceforth for short) was arrested on the 6th day of July, 2020, detained for over […]
Vor vier Jahren stirbt in Kamerun eine Hochschwangere. Ihr skandalöser Tod hat die Debatte über eine gerechtere Gesundheitspolitik in Afrika befeuert. mehr...
NIPOST, FIRS War Escalates Over Stamp Duty Collection The imbroglio between Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Services (FIRS) over jurisdiction in respect of stamp duty collection worsened on Tuesday. Director Communication and Liaison FIRS, Abdullahi Ismaila Ahmad, in a statement vowed the FIRS is determined to ensure all monies […]
Air Peace Sacks 70 Pilots, Slashes Salaries By 40% A Nigerian airline, Air Peace, has sacked over 70 pilots across its fleet. It also reduced staff salaries by up to 40 per cent. A member of the National Association of Aircraft Pilots and Engineers disclosed this to one of our correspondents, craving anonymity. The […]
