Home » Archives by category » Business News

Growbiz Account: Keystone Bank Restates Support For SMEs

Growbiz Account: Keystone Bank Restates Support For SMEs

Keystone Bank Nigeria Limited in line with the Federal Government’s recent drive to support growth of SMEs through its policies, has reiterated its commitment to the support of the growth of small and medium scale enterprises in Nigeria. This sentiment was expressed by the Acting Managing Director of the bank, Hafiz Bakare. ‎Mr. Bakare noted […]

N541 Billion Debt: Etisalat Nigeria Taken Over By Access Bank, Others

N541 Billion Debt: Etisalat Nigeria Taken Over By Access Bank, Others

A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. The takeover followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with […]

Nigeria To Fund 2017 Budget With Improved Tax And Customs Revenue Collection

Nigeria To Fund 2017 Budget With Improved Tax And Customs Revenue Collection

Nigeria seeks to improve its collection of revenues from taxes and customs duties to fund the country’s record 7.44 trillion-naira ($22.99 billion) 2017 budget, the minister of budget and national planning said on Monday. Africa’s largest economy has been in recession since last year, largely due to low oil prices and militant attacks on the […]

Experts Warn Against Trouble For The Stock Market

Experts Warn Against Trouble For The Stock Market

There may be trouble ahead for the U.S. stock market, two experts warned on Monday. Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, said there is a little enthusiasm and a bit of chasing going on right now in the market. “Valuations are stretched. There’s plenty of headwinds in the second half […]

2017 Budget: FG To Release N350bn For Capital Projects

2017 Budget: FG To Release N350bn For Capital Projects

The Federal Government is set to release the first tranche of capital release of N350bn to its Ministries, Departments and Agencies for implementation of the 2017 budget. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this on Monday in Abuja during the public presentation of the 2017 Federal Government budget. The event was attended by […]

3,050mw Mambilla Hydro Project Sees Hope

3,050mw Mambilla Hydro Project Sees Hope

Hopes that the long delayed construction of the 3,050MW Mambilla hydropower project in Taraba State will resume soon were raised yesterday when a ‘No Objection’ certificate from the Bureau of Public Procurement (BPP) landed on the desk of Minister of Power, Works and Housing Babatunde Raji Fashola. The minister, who granted an exclusive interview to […]

Nigeria’s Inflation Rate Drops To 16.25% In May – NBS

Nigeria’s Inflation Rate Drops To 16.25% In May – NBS

Nigeria’s Inflation rate eased further from 17.24 percent in April 2017 to 16.25 percent in the month of May, Business Post reports. Data released on Thursday by the National Bureau of Statistics (NBS) revealed that the drop was by 0.99 percent during the period. It is also the fourth consecutive time the inflation rate was […]

FIRS Generates N778bn In 2017 First Quarter

FIRS Generates N778bn In 2017 First Quarter

We attained this collection performance in spite of several challenges, as we have continued to vigorously pursue our strategies internally, while improving collaboration with relevant stakeholders to boost our collections The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report […]

Every Effort On Economy Will Fail If Interest Rates Remain High: Senate

Every Effort On Economy Will Fail If Interest Rates Remain High: Senate

Nigeria’s Senate on Tuesday stated that business enterprises could not survive under the current interest rates being charged by financial institutions, which range between 25 and 30 per cent. The legislature noted that the economy would not grow despite the current efforts by the Federal Government to revive it if the interest rates remained high. […]

Osinbajo Begins Preparation For 2018 Budget

Osinbajo Begins Preparation For 2018 Budget

When you present a budget to the National Assembly, it is presented as a bill, an appropriation bill. Barely 24 hours after signing the 2017 Appropriation Bill into law, Acting President Yemi Osinbajo on Tuesday in Abuja started preparatory activities for the 2018 budget based on the Federal Government’s Economic Recovery and Growth Plan. Anchored […]

Page 1 of 47123Next ›Last »

Contact Us
Call +234 813 069 1462