Economic crunch mar Sallah celebrations in Abuja

The recession currently being experienced in the Nigerian economy took its toll on the festive period, as most Islamic faithful said they were forced to celebrate the last Eid El-Fitri in a low key.
Sallah celebrations, like any other religious festivities in Abuja are renowned for their elabora [...]

Mon, 11 July 2016

Banks to ascertain status of collateral through NCR

Deposit Money Banks and other financial institutions in the country have been asked to forthwith, register all collateral used in obtaining loans with the Nigeria Collateral Registry, NCR.
The directive which has been in effect since Monday last week, will help the financial institutions ascerta [...]

Mon, 11 July 2016

China to spend N50 ml on solar traffic lights in Abuja

Approximately N50.76million (1.2million Chinese Yuan) will be injected in the second phase of the Abuja Solar Powered Traffic Control Signal, the federal government has disclosed.
The fund is part of an over eight million Chinese Yuan (N338.4million) bilateral agreement between Nigeria and the P [...]

Mon, 11 July 2016

States generate N31billion tax revenue in May 2016

The 36 states of the federation were said to have generated a total of N31, 324,433,480.10billion in gross value added tax, VAT, in May 2016, figures from the Office of the Accountant General of the Federation has shown.
The figure contained in the monthly Federation Account Allocation Committee [...]

Mon, 11 July 2016

Skye Bank squabbles, no cause for alarm-CBN

The Central Bank of Nigeria, CBN, has dismissed allegations that some banks in the country may be distressed, saying all deposit money banks in the country are in good financial condition.
The assurance became necessary following the replacement of most members of the board and management of Sky [...]

Mon, 11 July 2016

NIPOST to make free postal deliveries to IDP camps

All area postal managers in the country have been directed to make every items meant for delivery at the Internally Displaced Persons camps free of charge, management of the Nigerian Postal Service, NIPOST, have said.
This, according to the Acting Postmaster General of the Federation, Dr. Richar [...]

Sat, 11 June 2016

FG assures Nig. bond investors of better investment yields

The federal government has guaranteed holders of the nation’s Eurobonds of the safety of their investments, saying despite bleak economic outlook, the Nigerian government is working at strengthening its economy in the shortest possible period.
Nigeria’s Minister of Finance Mrs. Kemi [...]

Sat, 11 June 2016


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