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Latest News Disquiet in Aso Rock as Osinbajo’s fate hangs Has Osinbajo been reduced to condolence Vice-President? By Fredrick Nwabufo Court asked to sack new NDDC Chairman, MD 29 bodies found in plastic bags How we will capture Kogi, retain Bayelsa in Nov — PDP Abuja ‘bitcoin kidnappers’ yet to be arrested — Security sources Chemical weapons: FG warns producers, marketers Akwa Ibom eyes 5,000 new jobs following partnership with IOCs Police tackle serial murders in Rivers hotels Sapele youths rally against cybercrime •Reject corruption, Yahoo Yahoo NNPC, Shell, Belema resolve dispute over oil well Fall of a star: How Yale graduate, Wall Street banker and entrepreneur fell from grace to become homeless in America

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (541,242 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,319 views) Shameless Genevieve Nnaji exposes breasts in public (389,650 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (326,827 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (294,854 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,720 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (249,877 views) 10 cars more expensive than Jets (238,549 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,577 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,616 views) Lagos plane crash: Journalist releases victims’ names (195,950 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,536 views)

 

CBN reduces, unbundles charges on electronic merchants collections •Fixes March 2020 for commencement of nationwide implementation of cash-less policy

CBN reduces, unbundles charges on electronic merchants collections •Fixes March 2020 for commencement of nationwide implementation of cash-less policy To further promote a cash-less economy and enhance the collection of applicable government revenues, the Central Bank of Nigeria (CBN) has announced a review of the process for merchant settlement. With effect from September 17, 2019, the CBN has approved for banks to unbundle merchant settlement amounts and charge applicable taxes...... more

Brewing giant AB InBev to float Asian business in 2019’s second biggest IPO

Brewing giant AB InBev to float Asian business in 2019’s second biggest IPO AB InBev will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an initial public offering (IPO) worth up to $6.6bn that could be the world’s second-largest flotation in 2019. The brewing giant, which, in July, tried to raise up...... more

Formation of Economic Advisory Council ‘timely, commendable’ — MAN

Formation of Economic Advisory Council ‘timely, commendable’ — MAN The Manufacturers Association of Nigeria (MAN) has lauded the constitution of an Economic Advisory Council (EAC) by President Muhammadu Buhari. In a statement on Tuesday by its Director-General, Segun Ajayi-Kadir, MAN described the news of the formation of the council as “timely and commendable”. President Buhari had set up the Council...... more

Nigeria’s diesel-heavy economy braces for clean-fuel rules

Nigeria’s diesel-heavy economy braces for clean-fuel rules Nigeria’s frenetic commercial capital, Lagos, is plunged into darkness several times a day. Then its generators roar, and the lights flood back on. Nigeria is one of the world’s largest economies where businesses rely so heavily on diesel-powered generators. More than 70% of its firms own or share the units, while...... more

Osinbajo inaugurates committee to recover N5tr AMCON debts

Osinbajo inaugurates committee to recover N5tr AMCON  debts Vice President Yemi Osinbajo on Tuesday inaugurated an inter-agency committee to recover the N5 trillion debts owed the Asset Management Corporation of Nigeria (AMCON). A statement by the Senior Special Assistant on Media and Publicity to the Vice President, Laolu Akande, disclosed this on Tuesday. The statement said that members of...... more

Soludo, Rewane, others make Buhari's Economic Advisory Council

Soludo, Rewane, others make Buhari's Economic Advisory Council President Muhammadu Buhari has constituted an Economic Advisory Council (EAC). The council is made up of Prof. Doyin Salami as the Chairman, Dr. Mohammed Sagagi as the Vice-Chairman. The council has Prof. Ode Ojowu, Dr. Shehu Yahaya, Dr. Iyabo Masha, Prof. Chukwuma Soludo, Mr. Bismark Rewane as members. Dr. Mohammed Adaya...... more

Sierra Leone wants more Nigerian investment

Sierra Leone wants more Nigerian investment The government of Sierra Leone will intensify its economic and trade cooperation with Nigeria with special emphasis on trade and investment promotion.  Dr. Solomon Gembeh, High Commissioner of Sierra Leone to Nigeria made the call on Thursday in Abuja during an interview with the News Agency of Nigeria (NAN).  According to...... more

Breaking: FG raises VAT to 7%

Breaking: FG raises VAT to 7%  The Federal Executive Council (FEC), presided over by President Muhammadu Buhari has approved a two per cent increase in Value Added Tax (VAT) to move it from five to seven percent, The Sun reports. Minister of Finance, Budget and National Planning, Zainab Ahmed, made this disclosure while briefing State House Correspondents...... more

Konga Travel unveils unbeatable Ember flight deals to major destinations

Konga Travel unveils unbeatable Ember flight deals to major destinations Konga Travel, Nigeria’s foremost omni-channel travel booking company, has rolled out a special promotion to usher in the commencement of the Ember months. Tagged Ember Deals, the promotion offers all categories of travelers a chance to enjoy unbeatable flight deals to major destinations around the world. The Konga Travel Ember Deals, which kicked...... more

NLNG issues Train 7 EPC Contract Letter of Intent to SCD JV Consortium

NLNG issues Train 7 EPC Contract Letter of Intent to SCD JV Consortium  Nigeria LNG Limited (NLNG) today made a significant step towards the Final Investment Decision (FID) for its Train 7 Project, with the issuance of a Letter of Intent for the Engineering, Procurement and Construction (EPC) Contract of the project to SCD JV Consortium. SCD JV Consortium is made up of Saipem...... more

Apple unveils iPhone 11 models, reduces price

Apple unveils iPhone 11 models, reduces price Apple unveiled its iPhone 11 models Tuesday, touting upgraded, ultra-wide cameras as it updated its popular smartphone lineup and cut its entry price to $699. The newest handsets come as Apple seeks to spur new upgrades in a slumping global smartphone market. The new iPhones are “jam packed with new capabilities...... more

FG receives N2trn in first half 2019 — DG, Budget Office

FG receives N2trn in first half 2019 — DG, Budget Office The Federal Government received two trillion naira as revenue from January to June 2019, Director-General of the Budget Office, Mr. Ben Akabueze, has said. Akabueze disclosed this at the Public Consultative Forum on the 2020 to 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) in Abuja on Tuesday. He...... more

SEC, FCCPC move to simplify process of company merger

SEC, FCCPC move to simplify process of company merger Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Federal Competition and Consumer Protection Commission (FCCPC) to simplify the process of company merger. In separate statements on Monday, both agencies said the MoU would foster “a mutually beneficial engagement and seamless operation of the mandates of...... more

2019 Abuja International Trade Fair to feature 45 foreign companies — Chamber

2019 Abuja International Trade Fair to feature 45 foreign companies — Chamber The Abuja Chamber of Commerce and Industry (ACCI) says the forthcoming 2019 Abuja International Trade Fair will feature 45 foreign companies to strengthen businesses, trade and investment opportunities in the country. The ACCI Director-General, Chief Tonia Shoyele, while briefing newsmen on Monday in Abuja said that the foreign companies were expected...... more

Shell decries crude theft, vandalism in Niger Delta •Loses 10,000 barrels of oil daily

Shell decries crude theft, vandalism in Niger Delta •Loses 10,000 barrels of oil daily With a daily loss of about 10,000 barrels of oil from its pipelines to crude oil theft, The Shell Petroleum Development Company of Nigeria Limited (SPDC) has cried out for help from government, communities and other stakeholders to stem the incessant attack on oil assets in the Niger Delta. “These are...... more

2 Nigerian businesses shortlisted for Shell global innovation prize

2 Nigerian businesses shortlisted for Shell global innovation prize Two Nigerian entrepreneurs have been shortlisted among 21 finalists for the Shell LiveWIRE Top Ten Innovators Awards, a global competition which highlights and rewards businesses that demonstrate excellence in innovation as well as giving entrepreneurs a chance to shine on a global platform. The businesses are” FarmToJuice and Foods Nigeria Limited...... more

Another $1 billion judgment debt hangs on FG

Another $1 billion judgment debt hangs on FG A Senior Advocate of Nigeria (SAN) and core litigation lawyer, Chief Niyi Akintola, has revealed that another one billion dollar judgment hangs over the country  Akintola, therefore told the Federal Government to brace up for more judgment debts already entered against the country on account of contracts awarded but were later...... more

Malema, Ndlozi to be charged for assault over scuffle at Winnie’s funeral

Malema, Ndlozi to be charged for assault over scuffle at Winnie’s funeral The National Prosecuting Authority (NPA) has given the go-ahead for EFF leader Julius Malema and party spokesperson Mbuyiseni Ndlozi to be prosecuted on common assault charges. NPA spokesperson Phindi Mjonondwane confirmed that a letter circulating on Twitter regarding a decision to take the matter to court was legitimate. However, she said...... more

CBN intervenes in Forex market with $321.11m, CNY 33.3m

CBN intervenes in Forex market with $321.11m, CNY 33.3m The Central Bank of Nigeria (CBN) has made another intervention in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321,12,537.31. Figures obtained from the CBN on Friday, September 6, 2019, indicated that the sum of CNY33, 304,365.10 was also offered in the spot and short tenured forwards segment...... more

National carrier project remains FG’s top priority: Minister

National carrier project remains FG’s top priority: Minister The Minister for Aviation, Senator Hadi Sirika, has reiterated that the establishment of the National Carrier, Maintenance, Repair and Overhaul (MRO) facilities and implementation of other components of the Aviation Roadmap remain top priorities of the Federal Government. He gave the assurance at a meeting with members of the Joint Aviation...... more

MTN Nigeria shares hit three-month high after partial reopening

MTN Nigeria shares hit three-month high after partial reopening Shares of MTN Nigeria hit a three-month high on Friday after the telecoms firm’s offices partially reopened following a shutdown due to anti-South African attacks in the West African country. The local unit of South Africa’s MTN Group closed all stores and service centres in Nigeria after its facilities in three...... more

Afreximbank earmarks $500m to support Nigerian manufacturers

Afreximbank earmarks $500m to support Nigerian manufacturers Manufacturers in Nigeria have a cause to smile as the African Export-Import Bank (Afreximbank) says it will allocate $500 million from its Nigeria-Africa Trade and Investment Promotion Programme to support them in taking advantage of the opportunities offered by the African Continental Free Trade Area (AFCFTA) agreement. The President of the...... more

81% of Nigerians don’t pay tax ― NGF, NESG

81% of Nigerians don’t pay tax ― NGF, NESG The Nigeria Governors’ Forum (NGF) and the Nigeria Economic Summit Group (NESG) have lamented that over 81% of taxable adults and businesses in Nigeria do not pay their taxes due to low-tax moral in the country. This is even as they regretted that the penalties for non-payment of taxes in Nigeria...... more

Nigeria’s economic growth slows for second quarter

Nigeria’s economic growth slows for second quarter Nigeria’s economic growth slowed to an annual rate of 1.94% in the three months to the end of June, the second quarter in a row of decline as the country struggles to shake off the effects of a recession it escaped two years ago. Nigeria’s economy, the largest in Africa, grew...... more

Oil prices fall as market eyes trade war

Oil prices fall as market eyes trade war Oil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output. U.S. crude CLc1 was down 26 cents, or 0.5 per cent, at 54.84 dollars a barrel by 0644...... more

$9.6bn fine: Osinbajo meets with Lai Mohammed, Zainab Ahmed, other ministers

$9.6bn fine: Osinbajo meets with Lai Mohammed, Zainab Ahmed, other ministers The Vice President, Professor Yemi Osinbajo, has met with the Minister of Finance, Budget and National planning Minister, Zainab Ahmed; Minister of Justice, Abubakar Malami; Minister of Information, Lai Mohammed and the Minister of State for Petroleum, Timipre Silva at the State House. The meeting was focused on the latest development...... more

Nigeria spent N11trn on debt financing in 10 years

Nigeria spent N11trn on debt financing in 10 years Between 2010 and 2019, a period of 10 years, Nigeria spent a total of N11.274 trillion on debt financing, Nigerian Tribune investigation has revealed. This is 18.5 per cent of the N61.063 trillion budgetted over the period. In the same period, the country voted N4.413 trillion (7.2 per cent) for education and N2.772 trillion (4.5...... more

UBA delivers 21% growth in profit, 21.7% returns on average equity •Declares N0.20 interim dividend

UBA delivers 21% growth in profit, 21.7% returns on average equity •Declares N0.20 interim dividend Africa’s leading financial institution, United Bank for Africa Plc has announced its audited half year financial results for the period ended June 2019, showing impressive growth across key performance indices as well as a significant contribution from its African subsidiaries. In spite of the increasingly unpredictable environment witnessed in some of...... more

Customers will continue to return mutilated notes to banks after Sept. 2 — CBN

Customers will continue to return mutilated notes to banks after Sept. 2 — CBN The Central Bank of Nigeria (CBN) on Saturday said that the general public would continue to return mutilated bank notes to their banks after the Sept. 2 deadline. The Director, CBN Corporate Communications, Mr Isaac Okoroafor disclosed this in a telephone interview with the News Agency of Nigeria (NAN) in Lagos....... more

Oilfield shutdown: Rivers communities seek UN’s support against Shell’s return

Oilfield shutdown: Rivers communities seek UN’s support against Shell’s return Host communities of Oil Mining Lease, OML 25, in Kula Kingdom, Akuku-Toru Local Government Area of Rivers State, have called on the United Nations (UN) to intervene in their agitation against the resumption of oil exploration by Shell Petroleum Development Company (SPDC) in their area. The communities,  Offion-Ama, Belema and Ngeje,...... more

 

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