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Economy

Economy

MTN Holding Talks With Nigeria’s SEC Over N500m IPO | SaharaReporters

April 30, 2018 Omoniyi Osadare 0

A source at the Security and Exchange Commission (SEC) says MTN has reached out for talks over its Initial Public Offering (IPO) on the floor of the Nigerian Stock Exchange. A senior management staff at […]

Economy

The Importance of Strengthening State Economic Management Systems, By Atiku Abubakar

April 27, 2018 Omoniyi Osadare 0

I am a widely traveled man, and everywhere I visit around the world, there is agreement that Nigeria has the potential to make that leap from third world to first that Singapore, under Lee Kuan […]

Banking

Diamond Bank Closes UK Operations To ‘Focus On Nigeria’ | TheCable

April 26, 2018 Omoniyi Osadare 0

The management of Diamond Bank says it has disposed its entire shares in its UK subsidiary to a member of the GFG Alliance. This, it said, is in line with its objectives of streamlining its […]

Economy

Lagos’ IGR Hits N103.4bn In First Quarter Of 2018

April 25, 2018 Omoniyi Osadare 0

The Lagos State Government on Tuesday said its internally generated revenue for the first quarter of Y2018 stood at N103.476 billion, as against N96.7billion recorded in the previous year, thereby accounting for 81 per cent […]

Business

We Can’t Produce National Identity Cards for Everyone – NIMC

April 24, 2018 Omoniyi Osadare 0

The National Identity Management Commission has said that it cannot produce national identity cards for everyone who enrolled for it despite the huge public clamour for it. According to the commission, national identity cards that […]

Economy

Nigerians In Diaspora Sent ‘$22bn’ Home In 2017

April 23, 2018 Omoniyi Osadare 0

Diaspora Nigerians wired $22 billion home in 2017, an African record and the fifth largest remittance by immigrants, according to the World Bank. Egypt received $20 billion from its citizens abroad, according to figures published […]

Banking

World Bank: 118 Million Nigerian Adults Do Not Have Bank Accounts

April 22, 2018 Omoniyi Osadare 0

Recent data provided by the World Bank says 118 million Nigerians do not have bank accounts. The information was made available in the latest Global Findex Database report released on Thursday at the ongoing Spring […]

Economy

Nigeria’s Economic Growth Still Too Slow, Says Udoma

April 22, 2018 Omoniyi Osadare 0

Udoma Udo Udoma, minister of budget and national planning, says the rate of economic growth in Nigeria is still too slow. Speaking with journalists on the sidelines of the ongoing Spring meetings of the International […]

Business

Dangote Group, Globacom, GTB Among Drivers Of Economic Activities In Africa

April 20, 2018 Omoniyi Osadare 0

Boston Consulting Group (BCG) has listed Dangote Group, Globacom and Guaranty Trust Bank among six Nigerian companies driving amalgamation of economic activities in Africa. BCG listed the companies in its report entitled, ‘Pioneering One Africa: […]

Economy

Three Reasons Nigeria Is The Toughest Country To Govern By Ernest Danjuma Enebi

April 18, 2018 Omoniyi Osadare 0

Much has been said about the meteoric rise of Rwanda from the ashes of civil war to its capital Kigali being named the most beautiful and the greenest city in Africa by the United Nations. […]

Business

Rising Taxes On Alcoholic Beverages Threatening N420bn Investments – Group

April 18, 2018 Omoniyi Osadare 0

The Federal Government has been urged to reverse its decision to increase the excise duty on locally produced alcoholic beverages and tobacco as the policy is capable of affecting the over N420bn investments so far […]

Banking

Of Dirty Naira Notes || Guardian NG

April 15, 2018 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) and deposit money banks (DMBs) the other day traded blame over who is responsible for large quantities of dirty/unfit Naira currency notes in circulation and the scarcity/shortage in the […]

Business

NCC to Telcos: Give Us Time To Resolve Multiple Taxation Issues || TheCable

April 14, 2018 Omoniyi Osadare 0

The Nigerian Communications Commission (NCC) has appealed to telecommunication operators to allow it more time to resolve issue bordering on multiple taxation. In a statement made available to TheCable on Thursday, Efosa Idehen, NCC’s director, […]

Business

Abacha Loot: FG Confirms Receipt of $322.5m From Switzerland || Punch

April 11, 2018 Omoniyi Osadare 1

The Federal Government on Tuesday confirmed the repatriation of the sum of $322.5m to Nigeria by the Swiss Government as part of funds looted by the late former military Head of State, Gen. Sanni Abacha. […]

Economy

Why Bill Gates told Nigeria To Do More In Human Capital Development – Country Director, Gates Foundation

April 9, 2018 Omoniyi Osadare 0

Paulin Basinga is the Country Director of Bill and Melinda Gates Foundation in Nigeria, a major international donor supporting development in several sectors in the country. In this exclusive interview with Ayodamola Owoseye of PREMIUM […]

Economy

Monetary Policy Committee Wants Oil Money Shared To States Curtailed

April 5, 2018 Omoniyi Osadare 0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday urged the federal government to check its distribution of oil revenue to states. Rather, the committee said the government should develop […]

Business

Fresh Hope For Economy as CBN’s Policy Committee Resumes Meeting || GuardianNG

April 4, 2018 Omoniyi Osadare 0

The nation’s economy may be exiting a six-month apathy and cautious mode imposed on it by the standoff between the federal legislature and the executive, as the decision of the Monetary Policy Committee (MPC) of […]

Economy

‘Nigeria’s Economic Recovery Poised To Build Momentum in Q2’ | TheCable

March 31, 2018 Omoniyi Osadare 0

Market optimism over the recovery of Africa’s largest economy has increased steadily throughout the first trading quarter of 2018. The combination of appreciating oil prices, foreign exchange stability and easing inflationary pressure has boosted confidence […]

Economy

‘Taxes Not To Increase Revenue Alone’ — Saraki Calls For Review By Mazino Dickson

March 29, 2018 Omoniyi Osadare 0

Senate President Bukola Saraki says Nigeria’s tax laws must be reviewed to allow ease of doing business. Speaking at the inauguration of the technical committee on reforming Nigeria’s tax system at the national assembly, Saraki […]

Economy

Getting Tax reform Strategy Right | Punch

March 28, 2018 Omoniyi Osadare 0

ONGOING manoeuvres by the federal and Lagos State governments reveal the inefficiencies of our tax administration system and the urgency for effective reforms. While the Federal Government says it is set to nab and prosecute […]

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