Business

House of Reps

Reps threaten to issue arrest warrant on MDs of 10 oil firms

The committee says it would not allow the illegality to linger.

International Monetary Fund (IMF)

Why investors are hesitant about doing business in Nigeria – IMF

The Fund says many investors are attracted by business prospect of Nigeria

Babatunde Fowler, FIRS Chairman [Photo: politicoscope.com]

Nigerian govt generates N17 billion from tax amnesty programme – Fowler

The Scheme was inaugurated in July, 2017.

Minister of Trade and Investment, Okechukwu Enelamah

Nigeria’s trade balance exceeds N1 trillion for first time since 2014 – Report

The increase is due to continued value increase in exports and a decline in imports.

Minister of Trade and Investment, Okechukwu Enelamah

Nigeria, 37 others seal economic pact on investment, trade

The pact was sealed on the sidelines of the World Trade Organisation ministerial conference.

Unity Bank

BOI, Unity Bank in court over N150 million loan

Unity Bank cuts off as guarantor to a firm which obtained loan from BOI

OPEC [PHOTO CREDIT: Zero Hedge]

Unfazed by OPEC, Nigeria, Libya seek to boost oil output in 2018

Total says its new Egina field offshore Nigeria was on track to start in 2018.

Naira Notes

Nigerian govt set to redeem N198 billion treasury bills in December

Before now, the practice was to rollover treasury bills at maturity.

Windows

British security agency finds flaw in Microsoft Windows system

The vulnerability could be exploited if malicious files are used on the target computer during scanning.

Oil rig

Oil price jumps above $65

The jump in Brent prices makes U.S. oil exports more attractive.

WBG-IMF CONFERENCE -1

Capital project funding for 2017 budget rises to 50 per cent

About 1.2 trillion has now been released for capital projects.

murtala-muhammed-international-airport

Bad weather disrupts flights across Nigeria

Many flights were delayed or cancelled.

African Export-Import Bank, AFREXIMBANK. [Photo credit: Guardian Newspaper]

Lack of trade Information, not infrastructure, bane of intra-African trade — AFREXIMBANK

Intra-African trade holds the key to Africa’s development than many other issues.

Managing Director/CEO, Nigerian Breweries Plc, Jordi Borrut Bel

Nigerian Breweries appoints new Managing Director

The company has also announced changes in its management team.

Addax Petroleum [Photo: Africa Oil & Gas reports]

Enmeshed in bribery scandal, Addax says it plans $3 billion investment in Nigeria

Addax paid huge fines in Switzerland over bribery scandal in Nigeria.

NNPC TOWERS

577 firms bid for NNPC Insurance Renewal Programme

The bidding process was transparent, NNPC says.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

Nigerian capital market issuances hit N1.55 trillion in September — SEC

Issuances included equities, bonds and unlisted securities among others.

CBN

Capital market operators seek single license from CBN, SEC

Because of illiquidity in the market, companies are borrowing short term funds, an official says.

AITEO Group

AITEO secures court order against EFCC, AGF

AITEO is a major player in the upstream sector of Nigeria’s oil industry.

TSTv-Cable-TV

TStv says decoders for sale from next week

The satellite TV provider says it will give more than 70 channels.

Pictures of Revenue House, Abuja [Photo: Legal Forms]

Nigerian govt rakes in N17 billion from tax evaders in six months – FIRS

“Another N6 billion is expected to be paid before the end of December.”

Chairman FIRS, Babatunde Fowler (middle), with deputy director, Tax Policy & Advisors Dept., FIRS Board, Gabriel Ogunjemilusi, and Executive Secretary, Joint Tax Board, JTB, Oseni Elamah, at the VAIDS Media workshop in Abuja on Thursday.

Tax returns: FIRS seals 3,000 properties in Abuja — Fowler

The FIRS says it will take legal step to recover tax liabilities of owners.