Business

IMF to Nigeria: Remove subsidies on fuel, electricity in January 2022

The International Monetary Fund (IMF) has counselled Nigeria not to delay the removal of subsidies on fuel and electricity. The…

2 years ago

NPA generates N256.28bn in 9 months, exceeds revenue target

Despite the impact of the COVID-19 pandemic on global trade and supply chain logistics, the Nigerian Ports Authority (NPA) generated…

2 years ago

N4.4trn debt: AMCON submits list of top 1,000 debtors to N’Assembly

As part of efforts to recover N4.4 trillion owed by some influential Nigerians and corporate entities, the Asset Management Corporation…

2 years ago

Nigeria’s economy contracts, grows by 4.03% in Q3, 2021 – NBS

The Nigerian Bureau of Statistics (NBS) has declared that the nation’s economy contracted in the Third Quarter of 2021. The…

2 years ago

Senate queries SEC for spending 90% revenue on salaries, emoluments

The Senate has queried the Securities and Exchange Commission (SEC) for spending N6 billion out of its N9 billion revenue…

2 years ago

Afreximbank, NNPC sign $1.04bn facility for oil exploration

The African Export-Import Bank (Afreximbank) has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance…

2 years ago

October revenue: FAAC shares N671.91bn to FG, states and LGs

The Federation Accounts Allocation Committee (FAAC) has shared a total of N671.910 billion October federation account revenue to the Federal, States…

2 years ago

Ardova finalises 100% acquisition of fuel retailing firm, Enyo

Ardova Plc has acquired 100 per cent equity stake in Enyo Retail and Supply Limited (“Enyo”). The firm confirmed the…

2 years ago

Fidelity Bank rakes in N28.10bn profit in 9 months

Fidelity Bank Plc has posted a profit before tax (PBT) of N28.10 billion for the nine months ended September 30.…

2 years ago

Nigeria, most attractive investment destination in Africa – BOI, FirstBank CEOs

With population in excess of 200 million and access to market across the continent, Nigeria is the most attractive destination…

2 years ago

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