Simba Group Celebrates 25 Years of Business in Nigeria
The Simba Group, one of the country’s business groups, has celebrated its 25 years of doing business in Nigeria. Over that time, the group has contributed significantly to the economy...
NIGERIA: Enterprise Bank is Up for Sale
By putting Enterprise Bank Limited first among the three bridged banks to be sold, the Asset Management Corporation of Nigeria (AMCON) may be testing the waters of privatisation with the...
MPR: Fear over Liquidity Risks Persists as CBN Maintains Statusquo
The Central Bank of Nigeria (CBN) last week continued with the culture of rate tightening as it voted for the retention of the existing Monetary Policy Rate (MPR) at 12...
NIGERIA: BoA, Agric Ministry Seal N3.5bn Financing Pact for Mechanisation
The Bank of Agriculture (BoA) has sealed a N3.5 billion finance pact with the Ministry of Agriculture and Rural Development to improve agricultural productivity. The deal was finalised in Abuja, ...
NIGERIA: Ibeto Begins Payment of Nigercem Retirement Benefits
Despite the frustrations being faced by the Ibeto Cement Company in its moves to begin operation at its recently acquired plant, Nigercem Plc, the company has announced the commencement of...
Sambo Urges Nigerians to Contribute to National Development
Vice President Arc Mohammed Namadi Sambo has charged members of the Nigerian Community in Belgium to contribute positively to the development of their country and to at all times be...
NIGERIA: FG to Float Sinking Fund for Repayment of Matured Bonds
The Director General, Debt Management Office (DMO), Dr. Abraham Nwankwo Thursday disclosed plans by the federal government to create a sinking fund to enable repayment of part of maturing FGN...
NIGERIA: FG Decries Tax Evasion by Companies
The federal government Thursday expressed concerned over the large number of companies that had refused to pay their taxes. Speaking at the opening of the African Tax Forum in Abuja,...
NIGERIA: House Of Rep Tasks States on Ecological Fund Projects
The House of Representatives Wednesday charged the Ministry of Environment in the 36 states of the Federation to monitor closely projects being executed through the Ecological Funds in their domains...
NIGERIA: Court Throws out FG’s Move to Stop N37.6bn Compensation
The Court of Appeal sitting in Port Harcourt Tuesday threw out a motion by the federal government seeking a stay of execution on the judgment by a Federal High Court...