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The Commissioner for Finance Dr. Rabiu Onaolapo Olowo, made the appeal on Monday at a technical meeting with directors and heads of finance and accounts of all ministries, department and agencies of the government.

Lagos financially, economically viable – official

Contrary to the publication by BudgIT, a public finance analyst, the Lagos State Government said it is economically and financially solid.

TUC, others reject new fuel price, as petrol stations adjust pump

Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS, by the Petroleum Products Marketing Company, PPMC, with some of the stations raising the price to as high as N161 per litre.
After three years in development, the Singapore blockchain payment project UBIN comes to fruition.

Singapore launches blockchain payment system

After three years in development, the Singapore blockchain payment project UBIN comes to fruition.
South African President Cyril Ramaphosa visits the coronavirus disease (COVID-19) treatment facilities at the NASREC Expo Centre in Johannesburg, South Africa April 24, 2020. Jerome Delay-Pool via REUTERS-File Photo

South Africa ups weekly debt auctions by $109 mln to cover coronavirus stimulus

South Africa will increase the amount of debt on sale at its weekly auctions by nearly 2 billion rand ($109 million) to cover a budget deficit set to increase sharply due to the coronavirus stimulus package announced by President Cyril Ramaphosa.
The African Development Bank Group, AfDB, has appointed Nourredine Lafhel as acting Chief Risk Officer, effective 6th April 2020.

AfDB appoints Nourredine Lafhel as acting chief risk officer

The African Development Bank Group, AfDB, has appointed Nourredine Lafhel as acting Chief Risk Officer, effective 6th April 2020.
President Muhammadu Buhari on Monday signed the finance bill into law.

New VAT rate takes off as President Buhari signs Finance Bill into law

The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect following the signing into law the Finance Bill, 2019, by President Muhammadu Buhari on Monday.
Acting Finance Minister of Finance Zainab Ahmed

Federal government to remove tax exemption on oil companies’ dividends

Dividends paid from the profits of oil companies will no longer be tax-exempt if the finance bill submitted by President Muhammadu Buhari is passed by the national assembly.
Dollar

US-China trade optimism lifts stocks, dollar shrugs

Positive noises from China on U.S. trade talks lifted European stocks on Thursday and snuffed out a modest rally in safe-haven assets that had dominated in Asia.
The Speaker of the House of Representatives, Femi Gbajabiamila, has approved the appointment of Olarewaju Lasisi as his senior special adviser on media and public affairs. 1

Speaker Gbajabiamila names chairmen of 109 standing committees

House of Representatives Speaker Femi Gbajabiamila on Thursday announced the chairmen of the 109 standing committees.
Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

Access Bank lists N15 billion green bond on FMDQ OTC, NSE

Access Bank Plc yesterday listed its N15 billion Green Bond on the FMDQ OTC Securities Exchange and the Nigerian Stock Exchange (NSE). The Bond is the first of its kind to be issued by an African corporate and represents a major milestone in the development of the local green finance market. It is a 5-year 15.5 per cent Fixed Rate Senior Unsecured Green Bond due 2024.
Arunma Oteh

Ecobank names Arunma Oteh as a non-executive director

Ecobank Group has appointed Arunma Oteh, former treasurer of the World Bank, to its board of directors as a non-executive director.

Stakeholders unveil strategies to deepen Nigeria’s debt market

Critical steps required to deepen Nigeria’s debt market was the focus of discourse in Lagos as the Annual Bonds, Loans and Sukuk Nigeria Conference was held in the Nigerian commercial capital on November 6, 2018 at the Eko Convention Centre.
President Buhari receives Presentation of Report by the Tripartite Committee on the Review of National Minimum Wage in State House on 6th Nov 2018 6

Muhammadu Buhari commits to having new national minimum wage

President Muhammadu Buhari said his administration is committed to having a new national minimum wage, as he received a report of the Tripartite Committee set up by his government a year ago.

APC aspirant berates zoning arrangement in Nasarawa

All Progressives Congress, APC, governorship aspirant in Nasarawa State, Alhaji Aliyu Wadada, has faulted the idea of zoning elective offices saying it should be jettisoned because it is ‘undemocratic.’

Facebook’s Mark Zuckerberg loses $17.6bn, plunges to world’s sixth-richest

As Facebook stock plunged over 20 per cent in after-hours trading on Wednesday following a disappointing earnings report, CEO Mark Zuckerberg lost $17.6bn in net worth.
Suleiman Adamu, Minister Of Water Resources

Federal government declares state of emergency in water sector

Disturbed by the perennial scarcity of water in some parts of the country, the Federal Government has declared a state of emergency to scale up the availability of water through the implementation of action plan.

AfDB approves $10 million equity investment in financial sector deepening fund

The African Development Bank says it has approved $10 million equity investment in the financial sector deepening fund to strengthen the capital base of local financial institutions.

SEC clears Oando, approves 40th AGM

The Company remains committed to act in the best interests of all its shareholders and will continue to fully co-operate with the SEC in the discharge of its duties as the Capital Markets regulator.

Recent Stories

Nigerian male sprint sensation, Divine Oduduru, has revealed the passion to make his late dad proud has been the motivation for his blistering for on the track this season.

Oduduru launches foundation, donates palliatives to orphanages

Nigeria’s record holder in the men’s 200m, Divine Oduduru, has launched his Foundation in the country while reaching out to the needy in his community.
Victor Osimhen marked his first Serie A start with an assist as Napoli thrashed visiting Genoa 6-0 on Sunday.3

Roberto Mancini: Napoli now competitive after Victor Osimhen signing

Italy national team head coach Roberto Mancini believes the Scudetto fight ‘will be the same’ but added that Napoli seem to be competitive following the acquisition of Victor Osimhen and other players into their squad.
Babagana Zulum, governor of Borno state, says he is critical of the Nigerian army so that they can improve in their fight against insurgency.

President Buhari lauds Governor Zulum’s leadership style

The President described Zulum’s humanitarian response including the provision and distribution of palliatives for internally displaced persons in the state as “exemplary, unique and selfless”.
Telecommunications remains the best enabler in expanding the frontiers of financial inclusion in Nigeria, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Umar Danbatta, has said.

NCC contributes N2.272 trillion to Nigeria’s GDP – chief

The Executive Vice Chairman of the Nigeria Communications Commission (NCC), Umar Garba Dambatta, has said that the contribution of the Telecommunication sector to the country’s Gross Domestic Product (GDP) has risen from 8.5 per cent in 2015 to 14.3 per cent as at September this year amounting to N2.272 trillion.
Barcelona coach Ronald Koeman was full of praise for Antoine Greizmann after victory at Juventus.

Barcelona boss offers Antoine Griezmann surprise praise after win vs Juventus

Barcelona coach Ronald Koeman was full of praise for Antoine Greizmann after victory at Juventus.