ECONOMY

As a fall out of the states debt repayment deferral for the month of March that was announced last Thursday, the Federal Ministry of Finance has clarified that the debt repayments due to the states’ creditors will be fully paid notwithstanding the deferral. According the Federal Ministry of Finance, the...

Guinness Nigeria Plc said in a statement on the Nigerian Stock Exchange’s website that    it profit fell by 83 percent in the nine months through to the end of March, 2016. Its earnings after tax were 864 million naira ($4.35 million) in the period, compared with 5.2 billion naira a...

The Accountant-General of the Federation (AGF), Mr. Ahmed Idris has said that so far N2.7 trillion has been collected into the Treasury Single Account (TSA) platform. The AGF who spoke during an interaction with a team of journalists in Abuja stressed that the money  belongs to Federal Government Ministries, Department...

  With the  Central Bank of Nigeria’s policy on Commission on Turnover (CoT) phased out, Deposit Money Banks (DMBs) in the country have leveraged on income generation using electronic banking. For instance, three DMBs in 2015 financial year generated N37 billion, over 89 per cent or N17 billion (N19.6 billion...

  The presidency has said that plans were underway to ameliorate the sufferings which many Nigerians have been grappling with. This was contained in a statement issued by the Special Adviser to the President on Political matters, Senator Babafemi Ojudu. Ojudunwho recently met with the Political Counsellors of the European...