archiveApril 2017

• CBN measures partly responsible The National Bureau of Statistics (NBS) on Thursday said that the nation’s inflation recorded a decline, the second consecutive time in the year dropping by 0.52 per cent in March, on the year- on- year basis. This followed the first decline recorded in February when...

The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, on Tuesday in Abuja, disclosed that it generated N3.3 trillion in tax revenue for the country in 2016. He said this at training for finance journalists on tax reporting, stressing that the figure was commendable judging from the scorching...

There are strong indications that investors confidence in the nation’s economy has improved as the portfolio of indices report released by NOIPolls Limited for the first quarter of 2017 indicated that the Consumer Confidence Index (CCI) has inched up by 4.6-point as it is currently standing at 62.7-points. The CCI...

The Nigerian arm of Abu Dhabi telecom group Etisalat is yet to agree a deal on restructuring a $1.2 billion loan with local banks after it missed a payment, a company source told Reuters. Etisalat Nigeria told Reuters last month that it was in talks with lenders to restructure the...

Amnesty International has revealed that Nigeria handed down an total of 527 death sentences in 2016, three times more than the previous year, this the international body described on Tuesday as a “massive and worrying spike”. Amnesty International in its annual global report on the death penalty, said that death...

The Minister of State for Aviation, Senator Hadi Sirika has said that the repair work at the Nnamdi Azikiwe International Airport in Abuja, is now 96 per cent completed. Sirika gave this assessment when he visited the site on Tuesday, one week ahead of the proposed reopening of the airport....

• FG to establish Chamber of Commerce for Niger Delta youths The government of President Muhammadu Buhari is committed to sustaining the anti-corruption fight, ensure that the system is cleaned up and government business is done the right way, says Vice President Yemi Osinbajo, SAN. According to him, “if we...

In keeping with its commitment to creating an enabling environment for small businesses to thrive in Lagos State, The Lagos State Employment Trust Fund (LSETF) will hold a two-day workshop on export for its beneficiaries on Wednesday and Thursday, 12th and 13th of April 2017. The workshop which will be...

The Nigerian Stock Exchange has notified the market about its proposed changes to the framework regarding the trading of Real Estate Investment Trusts (REITs); and closed-end funds listed on The Exchange. According to the Exchange in a press statement, the proposed changes, which will be implemented over the next three...

The Central Bank of Nigeria (CBN) on Tuesday said it sold $100 million in spot sales to small and medium-size enterprises (SMEs) as part of a move to inject liquidity into the official market. The bank on Monday said it was offering SMEs up to $20,000 per quarter in an...