archive2018

…Predictable revenue will lead to more investment in infrastructure, job creation …56m economically active Nigerians not tax compliant The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Thursday declared that regular payment of taxes by Nigerians was fundamental to the growth and development of the country. Adeosun affirmed that predictable...

  Nigerian bond yields rose 50 basis points across maturities on Wednesday to a level last seen five months ago, traders said. Investors, worried that rising global inflation could trigger a rate hike in developed economies and lead to a capital flight in emerging markets, were closing out their bond...

... despite not presenting financial reports for two years Skye Bank has emerged the best performing stock in January, with a growth of 194 per cent in spite of not presenting its financial reports for two years. Statistics obtained by the News Agency of Nigeria from the Nigerian Stock Exchange,...

  MTN Group Ltd. plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the country to settle a record fine, according to people familiar with the matter. Standard Bank...

  As part of efforts to deliver superior and innovative banking solutions to its customers, Keystone Bank has announced the launch of a brand new mobile banking application with many user friendly features which can be accessed from the convenience of a mobile phone. According to the Group MD/CEO, Obeahon...

The Nigeria Police Force has apologised to Kassim Afegbua, the spokesman of Nigeria’s former Military President, General Ibrahim Badamasi Babangida, for declaring him wanted. The apology was tendered on Wednesday when Afegbua went to the Force Headquarters to turn himself in after he was declared wanted by the Force Public...

  The Nigeria Police Force on Wednesday announced the commencement of recruitment into the service. The announcement was contained in an advertorial signed by the Force Public Relations Officer, Chief Superintendent of Police Jimoh Moshood. According to Moshood, the application will be opened for six weeks beginning from February 7,...

  The Executive Secretary of the National Health Insurance Scheme (NHIS), Mr. Usman Yusuf who was suspended by the Minister of Health, Prof. Isaac Adewole, in June 2017, following allegations of gross misconduct has been reinstated by President Muhammadu Buhari. The letter of reinstatement was sent to Adewole on Tuesday...

The professor of political economy maintained that movements are meant to shapen the ideologies of political parties. He further advised existing movements to come together as one to determine the direction of the country’s political system Commenting on Nigeria political system and the race for 2019 elections, Mr. Pat Utomi...

  The Federal Government says it would invest about N1.3 trillion annually on capital projects to bridge the infrastructure gap needed to attract investments into the country. The Minister of Finance, Mrs Kemi Adeosun, who disclosed this in Abuja on Tuesday while receiving iin her office a consortium of 20...