Nigerian banking sector records transactions worth N19.33 trillion in Q3 – NBS
There were 213.69 million transactions within the quarter.
After accusing Baru of illegally awarding $2.7B contract, Kachikwu presents same contract to FEC
The $2.7 billion contract is for the installation of the new Ajaokuta-Kaduna-Kano gas pipelines.
Public officials provide unsatisfactory answers to senators on $350 million Eurobond
The fund was given to the Nigerian Electricity Bulk Trading Company, NBET.
Reps threaten to issue arrest warrant on MDs of 10 oil firms
The committee says it would not allow the illegality to linger.
Why investors are hesitant about doing business in Nigeria – IMF
The Fund says many investors are attracted by business prospect of Nigeria
Nigerian govt generates N17 billion from tax amnesty programme – Fowler
The Scheme was inaugurated in July, 2017.
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.
Nigeria, 37 others seal economic pact on investment, trade
The pact was sealed on the sidelines of the World Trade Organisation ministerial conference.
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.
Nigerian govt set to redeem N198 billion treasury bills in December
Before now, the practice was to rollover treasury bills at maturity.
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.
Capital project funding for 2017 budget rises to 50 per cent
About 1.2 trillion has now been released for capital projects.
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.
Enmeshed in bribery scandal, Addax says it plans $3 billion investment in Nigeria
Addax paid huge fines in Switzerland over bribery scandal in Nigeria.
577 firms bid for NNPC Insurance Renewal Programme
The bidding process was transparent, NNPC says.
Nigerian capital market issuances hit N1.55 trillion in September — SEC
Issuances included equities, bonds and unlisted securities among others.
Capital market operators seek single license from CBN, SEC
Because of illiquidity in the market, companies are borrowing short term funds, an official says.
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.”
Tax returns: FIRS seals 3,000 properties in Abuja — Fowler
The FIRS says it will take legal step to recover tax liabilities of owners.