TSA: Nigerian govt hires firms to audit funds withheld by banks
The federal government has lost over N70 billion in the possession of various commercial banks since 2004, says an official.
Heritage Bank staff protest ‘non-payment of N486.8 million loan’ by NIGCOMSAT
The protesters said they suspected that funds may have been misappropriated
South Africa’s Standard Bank lifts first-half profit by 11 per cent
Shares in the company rose as much as 2.5 per cent shortly after the market opened.
Nigeria announces reduction of cost of production of crude to $23
The reduction, the corporation said, represents a 70.5 per cent fall.
SEC in discussion with MTN over listing on Nigerian Stock Exchange – Official
The discussion has been on for two months.
Lagos to record decline in airline reservations – Study
Decline linked to crash of naira in 2016
Apple plans to sell $1.96 billion in bonds in Canada – Report
Apple’s size and brand name allows the company to borrow cheaply.
GTB makes profit before tax of N101 billion in six months
The report showed that the profit represented a growth of 18 per cent.
CBN injects $364 million into inter-bank Forex market
The CBN offered $100 million to authorised dealers in the wholesale window.
Chevron, ExxonMobil, 10 others top NEITI compliance ranking
65 agencies were graded in the exercise.
Nigeria to auction N135 billion bonds August 23 – DMO
Nigeria issues sovereign bonds monthly to support the local bond market.
How poor implementation of Nigeria job-creation projects delayed $160m World Bank grant
The grant was approved o help increase growth and employment in Kaduna, Kano, Lagos, Jigawa and Cross River States.
Zenith Bank posts N75.32 billion profit in 6 months
The bank also declares 25k interim dividend.
Nigeria foreign reserves reach $31.22 billion, first time in 2 years
The CBN is believed to have injected a cumulative sum of $3.61 billion between February and April 2017.
Economists react to Nigerian govt’s decision to grant tax breaks to 27 industries
The Nigerian government recently granted 27 additional industries and products pioneer status to enjoy tax break.
Nigeria approves 2018-2020 MTEF, sets oil benchmark at $45 per barrel
Targets seven per cent growth in the economy by 2020
EXCLUSIVE: Nigerian govt clarifies 27 businesses to enjoy tax break under pioneer status
“The pioneer status actually applies to those involved in their first year of business or operations.”
Our four major investments to increase Nigeria’s revenue by $30 billion – NNPC
The investments will speed up the prevailing post Cash-Call exit era, says the corporation
Nigeria’s crude production stands at 2.35 million barrels per day – NNPC
The figure includes condensates which account for about 400,000 barrels per day.