archiveMarch 21, 2018

  The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Wednesday disclosed that the Federal Government had saved N68 billion on personnel cost in 2017. This brings the aggregate savings by the Government on personnel cost since 2007 to date to N288 billion. The Minister made this disclosure during her...

  Investors in stocks on the Nigerian Stock Exchange (NSE) lost another N68 billion from their investment as the free fall in the market continues. Price depreciation in 35 stocks led again by Cadbury Nigeria Plc was to blame for the day’ trading situation. The total losses for the three...

  Nigeria’s upper house of parliament will consider on Thursday President Muhammadu Buhari’s nominees for the central bank’s interest rate-setting committee, the chairman of the Senate’s committee on banking told Reuters. The Senate has held up some of Buhari’s nominees in a political spat which has left the central bank...

  Access Bank Plc reported N10.27 billion or 11.36 per cent decline in profit before tax (PBT)  in its audited reports for the period ended December 31, 2017. The bank’s audited result, released on the Nigerian Stock Exchange (NSE) on Wednesday, showed that profit before tax declined to N80.07 billion...

The spokesperson for the Joint Admissions and Matriculation Board (JAMB) Dr. Fabian Benjamin, has said that the results of 111,981 candidates who participated in this year’s Unified Tertiary Matriculation Examination (UTME) were earmarked for further screening over suspicion they engaged in examination malpractices. According to him, “Some of the malpractices...

The Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, said the Service recorded four million new taxpayers, including companies and individuals, resulting in N700 billion increase in revenue in 2017. Mr. Fowler said this at the 13th General Assembly of the West African Tax Administration Forum (WATAF) with the theme:...

  The Federal Executive Council (FEC) on Wednesday agreed to set up a committee to meet and review within two weeks the content of the proposal for the Continental Free Trade Agreement (CFTA) and report back to the Council. The Special Adviser to the President on Media and Publicity, Mr....

  FG handled abduction, release of school girls poorly – Charlyboy’s group   The Federal Government said a total of 106 abducted persons, comprising 104 Dapchi schoolgirls, one other girl and a boy were freed by insurgents in the early hours of Wednesday. Briefing journalists in Maiduguri, the Minister of...

Kingsley Moghalu, a former deputy governor of the CBN, has called for the scrapping of the Nigerian National Petroleum Corporation (NNPC). Mr. Moghalu stated this while delivering a lecture titled “Overcoming Poverty: The Secret of the Wealth of Nations” on Wednesday in Lagos at the 3rd Annual Lecture of the...

  The Nigerian Bar Association (NBA), Ikeja Branch, has said that it rejects the 50 per cent reduction of the levies under the recently reviewed Land Use charge, and has therefore threatened to go on another round of protest if nothing is done. The NBA Chairman, Mr Adeshina Ogunlana, revealed...