Lagos makes N103.476bn revenue in three months
The Lagos State Government on Tuesday said its internally generated revenue for the first quarter of 2018 was N103.476bn, as against N96.7bn recorded in 2017. It also added that the IGR was 81 per cent...
View ArticleNaira improves against the dollar
The Nigerian naira has recorded a great improvement against the dollar as it continues to stabilize. The Naira on Tuesday appreciated to N360 to the dollar at the investors’ window, after depreciating...
View ArticleCBN pegs daily mobile transactions at N100k
The Central Bank of Nigeria (CBN) yesterday pegged maximum daily transactions through mobile phone- Unstructured Supplementary Service Data (USSD)— at N100,000. The implementation of the policy starts...
View ArticleNaira records improvement against Dollar…See latest exchange rate
The Naira on Wednesday closed at N362 to the dollar, stronger than N363 posted on Monday at the parallel market. The Pound Sterling and the Euro closed at N505 and N442, respectively. At the Bureau De...
View ArticleChina, Nigeria sign currency swap deal
China’s central bank said Thursday that it has inked a currency swap agreement with its counterpart in Nigeria. The agreement will allow the two sides to swap a total of 15 billion Chinese yuan (2.35...
View ArticleInflation dropped to 12.48% in April – NBS
The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation, with the index dropping from 13.34 per cent in March to 12.48 per cent in April. The bureau, in...
View ArticleNaira appreciates at the parallel market…See latest exchange rate
The Naira on Thursday appreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained one point to exchange at N362, stronger than...
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NSE delists 22 coys over non-performance in 2 years
THE Nigerian Stock Exchange (NSE) expelled not less than 22 companies between 2016 and 2017 over non-performance and failure to meet the required post-quotation standards. Data obtained by the News...
View ArticleMTN to launch mobile service in Namibia
MTN Group, Africa’s biggest mobile telecoms firm, is aiming to launch a mobile service in Namibia, an executive of the company told Reuters. Hester Marais, an executive at MTN Namibia, said in an...
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NCC withdraws 36 million redundant lines
The Nigerian Communications Commission (NCC) said yesterday that about 36 million redundant lines of subscribers have been withdrawn in the past few months so as to give room for effective management...
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Salaries delay likely over FAAC deadlock, says minister
Workers were put on notice yesterday not to expect an early salary this month. Reason: Governors’ meeting with the Federation Accounts and Allocation Committee (FAAC) ended in a deadlock. If the issues...
View ArticleNCC withdraws thirty-six million redundant lines
The Nigerian Communications Commission (NCC) has said that about thirty-six million redundant lines of subscribers have been withdrawn in the past few months so as to give room for effective management...
View ArticleEgypt announces primary budget surplus
Egyptian Authorities have announced a primary budget surplus for the first time in 15 years .Finance Minister Mohamed Mait who disclosed this in an interview with newsmen said the state budget...
View ArticleCertificate forgery: PDP demands Adeosun’s immediate sack, arraignment
The Peoples Democratic Party (PDP) has charged President Muhammadu Buhari to immediately sack, arrest and arraign his Minister of Finance, Mrs. Kemi Adeosun, for alleged criminal forgery of her...
View ArticleTanzania begins crackdown on rogue tourism businesses
Tanzanian authorities today said they have started verifying registration certificates and licenses for firms that are engaged in tourism businesses in the east African nation. The Permanent Secretary...
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Wedding and weather lift UK economy in May
The UK’s economy grew by zero-point-three percent in May, helped by the royal wedding and warm weather, latest figures show. The latest assessment by the Office for National Statistics marks a change...
View ArticleVideo: Crowd attempts to set ablaze customs official for going after...
A crowd in Ogun State, South-west Nigeria, on Saturday attacked and nearly set ablaze an official of the Nigeria Customs Service for going after smugglers. The officer was in hot pursuit of some...
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South Africa launches notes and coins for one hundredth anniversary of...
South Africa today launched a set of limited edition bank notes and gold coins to mark the one hundredth anniversary on July eighteenth of the birth of Nelson Mandela. The South African Reserve Bank...
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IMF warns of rising risks to global growth amid trade tensions
The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks to the outlook, the International Monetary Fund has said. The IMF’s updated...
View ArticleCBN returns sixty-five billion naira Illegal deductions to bank customers
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) said it has recovered over sixy-five billion naira from commercial banks for wrongful deductions and illegal charges on deposits of customers and...
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