No Going Back On Cashless Policy — CBN
The Central Bank of Nigeria on Friday said it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment system. The CBN Governor,…
CBN Leaves Benchmark Lending Rate Unchanged At 13.5%
ByDayo Adeyemi, Abuja The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, Mr Godwin…
PMB Replaces Osinbajo’s Economic Management Team
President Muhammadu Buhari has replaced the Economic Management Team with an Economic Advisory Council, the Presidency said on Monday. The replaced EMT was chaired by the Vice President, Prof Yemi…
Lagos state Rate As World’s Worst Unliveable City After Damascus-Report
By our business correspondent The Economist Intelligence Unit (EIU), the research and analysis outfit of the London based The Economist magazine, has released its latest liveability survey which rated Vienna, the…
Only 1.78% Nigerian Workforce Captured In Pension Net
Only 1.78 per cent Nigerian workforce is captured in the pension pot of the Contributory Pension Scheme (CPS) and have a secured life after retirement, a report obtained by The Nation has shown.…
Fed Govt Raises VAT By 2.2%
The Federal Executive Council (FEC) took some far-reaching decisions at its maiden weekly on Wednesday. It approved the increase of the Value Added Tax (VAT) from five per cent to…
Budget: FG Proposes N9.78trn For 2020
…commences deduction of N614bn bailout to states By Ayobami Victor The Federal Government has presented the medium term expenditure framework and fiscal strategy paper (MTEF/FSP) where it proposed a total…
China Removes Several US Products From Tariffs List
China on Wednesday said it would spare a number of US products from punitive tariffs in what is seen as an olive branch by Beijing in the protracted trade war…
FG To Begin Deduction Of N614bn Bailout Funds To States
Biodun Bidemi The Federal Government will, from September, begin deduction of the N614 billion bailout funds it gave to states for payment of salaries of workers in 2016. The Minister…
Access Bank’s First Post-Merger Hits N74.1bn
Declares 25k Interim Dividend Access BankGroup’s audited H1 results released this week to the Nigerian Stock Exchange (NSE) showed Gross Earnings of N324.4billion, up 28% from N253.0 billion in the…
