Trading on the Nigerian Stock Exchange (NSE) closed on positive note on Tuesday with the market capitalisation appreciating by N29 billion to close at N8.399 trillion. The News Agency of Nigeria (NAN) reports that the market capitalisation lost N43 bil...
The Central Bank of Nigeria (CBN) says it will implement a Financial Literacy Framework in the first quarter of 2013 to enhance financial inclusion of the unbanked. Mrs Umma Dutse, Director of Consumer Protection Office (CPO) of CBN, said this in an in...
The astronomical increase in unclaimed dividends in the country that was put in the region of N52 billion by the apex market regulator, the Securities and Exchange Commission (SEC), has been traced to the complicity of some registrars who allegedly con...
The Federal Government, through the Nigerian Ports Authority has extended contract periods for two major concessionaires within the Tin Can Island Port Complex by five years each even as the initial contractual terms are yet to expire. The two terminal...
The President, West Africa Union of Tax Institutes, Mr Kunle Quadri, says the Self-Assessment practice has enhanced efficiency in the Nigeria tax system. Quadri told the News Agency of Nigeria (NAN) in Lagos on Saturday that the self-assessment practic...
Alhaji Nuhu Bello, the Chairman, Consumer Protection Committee (CPC) in Kano State, has warned supermarket owners against selling of sub-standard goods to consumers. Bello gave the warning at a stakeholders meeting held in his office in Kano on Saturda...
The Federal Airports Authority of Nigeria (FAAN) said it will soon start the removal of all abandoned aircraft from all airports in the country. This exercise has become necessary because these aircraft constitute a serious safety hazard on the airside...
Following the cancellation of the N100 ATM withdrawal fee by banks, the Nigerian Deposit Insurance Corporation (NDIC) has promised tomonitor the activities of the banks to ensure that the cost was not transferred back to customers through other means. ...
Engen Petroleum hasnamed DIWA International as the official distributor of itsproducts in the Republic of Togo. Engen Petroleum, a subsidiary of PETRONAS Malaysia, operates in 19 sub-Saharan African countries. Under the deal, DIWA International will se...
The Nigeria Customs Services (NCS) on Tuesday said that it would stop doing business with importers who failed to acquire the new Taxpayers Identification Number (TIN) by Nov. 30. The Federal Inland Revenue Service (FIRS) introduced TIN to replace Auto...
The Lagos state government has unsealed the 1004 flats earlier closed off in Victoria Island, after reaching a settlement with management of the blocks of flats. Earlier today, the government had sealed off the flats over unpaid land use charges by the...
The Rivers Government says it has saved a total of N34 billion for the ``rainy day.” The News Agency of Nigeria (NAN) reports that Gov. Chibuike Amaechi, at the inception of his administration in 2007, had promised to make a compulsory saving of ...
The Central Bank of Nigeria (CBN) says non-power companies that want to refinance existing loans have to apply two years earlier. The apex bank gave this directive in a circular posted on its Website titled: “N300 Billion Power and Airline Interv...
Wema Bank Nigeria Plc has concluded plans to reapply for national banking licence, its Managing Director, Mr Segun Oloketuyi, said. This is contained in a statement by the bank boss in Lagos on Saturday. The statement noted that the reapplication follo...
India's Bharti Airtel has announced that its second-fiscal quarter revenue rose by 17 per centwhilethe profitfell by nearly a third. Revenue reached $3.7 billion, led by strong growth of 77 per cent in India Mobile Data, 26 per cent in 'A...