News Reports
Agency to raise $500 million for Nigeria’s economic zones — Minister
Vice President Osinbajo also assures of government’s support.
FG allots N532.65 million to 515 subscribers in May savings bond
The bonds have a tenure of between two and three years and a minimum size of investment of N5, 000 and maximum of N50 million.
Prices of selected food stuff increased in April — NBS
The average price of one dozen of medium sized agric egg increased from N459.81 in March to N467.18 in April.
Excess Oil Revenue: CBN warns govt against ‘spending spree’
The CBN also wants the government to save for the rainy day.
NNPC remits N1.26 trillion to Federation Account in 2018
The NNPC said in a statement on Tuesday that it remitted N1.26 trillion as against the N1.22 trillion projected in the 2018 budget.
Depot owners want total deregulation of petrol
The depot owners also complained about the current pricing template of petrol.
NSE All-Share Index returns to 30,000 mark, amid MTN Nigeria gains
The market capitalisation which opened at N12. 938 trillion inched N367 billion to close at N13.305 trillion.
CBN retains monetary policy parameters
The bank had adjusted the MPR from 14 per cent to 13.5 per cent in March
Alleged N7bn Excess Charges: Unity Bank responds to presidential panel’s allegations
The bank says the allegations are “ill-motivated”, adding that it has transferred all balances belonging to the MDAs to their TSA accounts
Cisco to train one million students in Africa on digital skills
Cisco says it intends to support the creation of Digital Learning Hubs in public libraries, accessible by the local population.
DISCOs need N3.07 trillion in 5 years to boost electricity supply in Nigeria – Report
DISCOs report a revenue shortfall of over $3billion.
Real owners of MTN Nigeria revealed
A document dated May 15, showed 11 owners of MTN Nigeria.
Active subscribers increase by 43,807 in March — NCC
Active GSM users rose to N173.7 million
Elumelu urges investment in young Africans
Mr Elumelu spoke Thursday at the Tech for Good Summit 2019, which held in France.
FIRS posts N1.5 trillion in 1st quarter 2019
The amount is N330 billion or 28 per cent higher than the N1.17 trillion reported by FIRS in the same period of 2018.
Excess Crude Savings: Why Nigerian govt. must ‘aggressively’ fund NSIA – Official
“The NSIA is doing a good job with the small savings available to it in the Stabilisation Account,” the minister said.
FHA inaugurates transitional management committee
A new management is expected to be put in place by the government soon.
Nigerian airlines need partnership deals to enhance operations – NCAA
NCAA also demystified the claim that Nigerian airlines were paying one of the highest aviation charges in the world.
Nigeria’s outstanding domestic debt stands at N12.4 billion – CBN
The bank says the figure represents a decrease of N146.35 million or 1.16 per cent when compared to N12.59 billion in 2017.
Increase in food prices made inflation rise in April -NBS
The bureau said the high inflation was caused by increase in prices of some foodstuff.
Court insists BPE DG must appear in person in contempt case over ALSCON
The court wants Mr Okoh to show why he should not be committed to prison for the BPE’s flouting of a Supreme Court’s order on ALSCON’s ownership.
Microsoft to invest $100 million on Nigeria, Kenya tech hubs
The tech firm says it will hire 100 developers by the end of 2019, and expand to 500 by the end of 2023.
Stanbic IBTC Bank fined N2 billion for violating CBN guidelines, other offences
Details of the fines are contained in Stanbic’s financial statement for the year ended December 2018
NSE delists Newrest ASL, market capitalisation loses N141 billion
The All-Share Index declined by 1.26 per cent or 363.37 points to close at 28,484.44 compared with 28,847.81 achieved on Friday.