NSE: Market indices rebound by 0.26% after four days decline
Seplat led the gainers’ table, growing by N25 to close at N760 per share
Tax: We’ve built social partnership with Nigerians – Adeosun
Nigeria’s tax base has risen to 19 million, she says.
Union Bank records N5.3 billion profit
The figure shows an improvement on the previous year despite non-declaration of dividend
Union Bank of Nigeria (UBN) Plc on Thursday released its first quarter result ended March 31, 2018 and the long-awaited 2017 audited result ended December 31, 2017.
Nigeria records $24.1 billion foreign investment in 2 years
The $6.3 billion capital inflow in the first quarter of 2018 is more than all inflows that came in 2016 and in third quarter in 2017.
Forbe names Dangote 66th world’s most powerful person
The Nigerian businessman was ranked among 75 most powerful persons in the world.
Nigeria to propose five tax amendment bills – Osinbajo
“Our tax system requires review, to among others, ensure removal of obsolete and contradictory clauses.”
NNPC among most transparent companies in Nigeria – Baru
“We are now probably one of the most transparent companies in this country.”
Reps urges Nigerian govt to halt sale of NLNG shares
The House says halting the sale is in the interest of the nation.
Senate committee to deliberate on Buhari’s request for promissory note programme
The president had in March written to the Senate seeking the establishment of a promissory note programme
U.S. withdrawal from Iran deal likely to hit MTN, company says
The South African operator says about 200 million euros of its money remains in Iran.
CBN boosts foreign exchange market with $210 million
The bank gave $100 million to authorised dealers in the wholesale segment of the market
UPDATED: World Bank officials to meet Osinbajo, Adeosun, govs over projects in Nigeria
The meeting holds on Wednesday.
IMF warns of rising African debt in spite of faster economic growth
Around 40 per cent of low-income countries in the region are now in debt distress or at high risk of it.
Naira weakens marginally against dollar at parallel market
At the Bureau De Change, the naira traded at N362 to the dollar, while the Pound Sterling and the Euro exchanged at N502and N430, respectively
ATMs record transactions worth N1.56bn in Q1 – NBS
The number of banks staff decreased from 90,453 in the fourth quarter of 2017 to 89,608.
Banks are ripping us through ATMs, customers cry out
Many banks deliberately put maximum withdrawal at N10,000.
Africa needs $170bn annually to meet infrastructure requirement – AfDB
The bank says there is the need to diversify the sources of African development through promoting the private sector.
PENCOM sets July 1 for takeoff of multi-fund structure pension
Total Pension fund assets rises to N7.77 trillion.