archive2020

Former President Goodluck Jonathan on Thursday paid an unscheduled visit to the Presidential Villa, Abuja, where he briefly met with President Muhammadu Buhari. The News Agency of Nigeria (NAN) reports that the meeting between Buhari and Jonathan, which was held behind closed door, lasted for about 10 minutes. NAN reports...

  The Senate on Thursday swore-in Senator Christopher Ekpenyong of the Peoples Democratic Party (PDP), representing Akwa-Ibom North-West Senatorial District in the National Assembly. The lawmaker took the oath administered by the Deputy Clerk of the Senate, Musa Abdullahi at about 10:40 am after the adoption of the votes and...

As Nigeria continues to make significant progress in the e-commerce sector, a major player in the sector has reiterated its commitment to ensuring growth across its platform to satisfy its consumers. The Co-Founder and Co-Chief Executive Officer of Jumia Group, Jeremy Hodara stated this while reviewing the company’s activities for...

  Stanbic IBTC Holdings Plc recorded a marginal growth of 0.80 per cent for 2019 as it declared after-tax profit of N75.035 billion for full year 2019, compared to the N74.440 billion recorded in the same period of 2018. The bank recorded Gross Earnings of N233.808 billion in the review...

  The Impact Investors Foundation (IIF) has said in a new report that Nigeria recorded $4.7 billion inflow of impact investment from 2015 to date. The report, which was contained in a study on “Impact Investing and Policy Landscape Analysis: Nigeria and Ghana,” revealed that Nigeria’s impact investment market of...

Joint Admissions and Matriculation Board (JAMB) on Wednesday handed over 38 operators of various Computer Based Test (CBT) centres drawn from the six geopolitical zones to law enforcement officers for alleged cyber crime using the Virtual Private Network (VPN). VPN extends a private network across a public network and enables...

United Bank for Africa (UBA) Plc has launched the ‘UBA Bumper Account’, a hybrid account, targeted at transforming customers. The account is aimed at improving the lives of the UBA customers and offer account holders opportunity to win cash prizes of up to N2 million. Speaking at the event held...

  By Sonnie Ayere In Nigeria, one of the monsters that have needed to be faced head on is a regime of high interest rates and its impeding effects on the growth of the country. Most recently, the Central Bank of Nigeria (CBN), led by Governor Godwin Emefiele, decided to...

Nigeria and the Island of Jersey will soon sign an agreement with the United States Government for the repatriation of 321 million dollars looted by former Head of State, late Gen. Sani Abacha. NAN reports that Island of Jersey is self-governing and has its own financial and legal systems and...

  The stock market will begin implementation of the new Value Added Tax (VAT) rate of 7.5 per cent on February 1. In a circular to stockbroking firms on Wednesday, the Nigerian Stock Exchange (NSE) indicated that with effect from February 1, VAT charged on commissions applicable to capital market...