News Reports

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Govt. committed to spend N1.3 trillion annually on infrastructure- Adeosun

“The outlook for Nigeria’s economy is very positive. We are very optimistic about our prospect,” says official.

NPA declares N299.5 billion revenue in 2017

The figure exceeded the N162.2 billion generated in 2016 by 84.65 per cent.

Director-General-of-Securities-and-Exchange-Commission-Mr-Mounir-Gwarzo

Golden Handshake: How SEC board approved N1.7 billion for staff retirement package

A probe panel had accused suspended SEC DG, Mounir Gwarzo, of spending the money illegally.

CBN

CBN injects $210 million into foreign exchange market

The bank says it will continue to intervene in the interbank foreign exchange market in line with its quest to sustain liquidity and maintain stability

Siting modular refineries in oil, gas free zones will aid investment – Nigerian exporters

The group says the move will help diversify the nation’s economy..

NBS

Bank credit to private sector fell in 2017 Q4 — NBS

Oil and Gas and Manufacturing sectors got the highest credit allocations.

Why Airfares will go up –Airline Executives

Jet fuel is more expensive than a standard barrel of oil due to refining costs.

Bitcoins

British banks ban buying of bitcoin with credit cards

Last week, the Nigerian Senate warned Nigerians against investing in bitcoin.

Firstbank ATMs dispense N2.8 trillion in one month

The bank accounted for 37 per cent bill payment services on ATMs in the nation’s banking industry.

Nigeria, others commence exchange of tax information on foreign accounts, property

The Minister says the offshore tax shelter system was ‘basically over.’

Takeaways From Paddy Adenuga’s Trojan Gambit For Chevron Netherlands, By Tope Fasua

“I also detected a few signs of naivety in Paddy’s gambit. Sounds great doesn’t it?”

Nigeria, Niger republic to build oil refinery

The refinery will be located at a border town between the two countries.

Lai Mohammed

Nigeria has become investors’ destination – Lai Mohammed

The minister says with a population of almost 200 million, 60 per cent of which are under the age of 17, there is enormous opportunity available for the animation industry

Nigeria Stock Exchange (NSE)

NSE All-Share Index opens February with 0.2 percent growth

The market capitalisation closed higher with a growth of N59 billion to close at N15.954 trillion against N15.895 trillion on Wednesday

Aviation union shuts down operations of Bristow, Caverton Helicopters

The union accuses the helicopters management of rascism.

NEITI laments lawmakers’ poor use of oil, gas industry audit findings

The official says past NEITI reports contain detailed information and data.

Governor Akinwunmi Ambode of Lagos state

‘Rich’ people exiting Lagos due to heavy tax – Report

The report lists Lagos and London in the same category with Istanbul.

FIRS generates N4.03 trillion revenue

The collected revenue represents 82.38 percent of the N4.89 trillion target set for the Service by the federal government during the period

How I make N150,000 monthly from akara – Woman

The widow started the business with N3,000.

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NPA gives Intels two weeks to pay outstanding debt

NPA urges the logistics firm to adhere to the rules governing its operations.

Free zone agency outlines areas of partnership with NPA

The two organisations’ heads speak on areas of synergy.

Pfizer reports $11 billion gain from new tax law

The company says its net income surged to $12.27 billion in the fourth quarter, from $775 million a year earlier