Presidency, governors keep sealed lips over minimum wage

Nigerian Governors President Muhammadu Buhari and governors rose from a closed-door meeting over the controversial new national minimum wage without information on the settlement of the stalemate. The meeting which was held at the presidential villa had representatives of the Nigeria Governor’s Forum (NGF) in attendance. The governors after the meeting, More...

by Felix OLOYEDE | Published 16 hours ago
By Felix OLOYEDE On Sunday, November 18th, 2018
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Tier 1 banks battle headwinds 

Segun Agbaje, CEO, GTBank By TESLIM SHITTA-BEY Nigeria’s top tier 1 banks are still in fine shape despite growing pressure on their net interest incomes and a pummeling of local lending. Lending in the 9 months More...

By Felix OLOYEDE On Sunday, November 18th, 2018
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NDIC recovers N28bn debts in 2017

NDIC Managing Director/CEE, Alhaji Umaru Ibrahim Nigeria Deposit Insurance Corporation (NDIC) said it has recovered total sum of N28.48 billion from debtors of Deposit Money Banks (DMBs) in-liquidation as at December More...

By Felix OLOYEDE On Sunday, November 18th, 2018
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Nigerians carry out N1.8trn PoS deals in 10 months

PoS The recent review of the monthly statistics released by the Nigeria Interbank Settlement System (NIBSS) has shown that in just 10 months, Nigerians have performed transactions worth N1.8 trillion over the Point More...

By Felix OLOYEDE On Sunday, November 18th, 2018
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Anxiety grips corporate Nigeria as economy weakens

Broad Street, Lagos As the Nigerian economy continues to show signs of weakness, Corporate Nigeria is having a hard time keeping its books strong and impressive, indeed corporations have had mixed richly performances More...

By Felix OLOYEDE On Sunday, November 18th, 2018
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FEPSAN lauds FG over NPK fertiliser importation ban

FEPSAN President Thomas Etuh The Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) has applauded the Federal Government’s total ban on the importation of all blends of Nitrogen Phosphorous and More...

By Felix OLOYEDE On Sunday, November 18th, 2018
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Oil marketers urge FG to pay N800bn subsidy debt

Akinsola Akinfemiwa, the Chairman of the Major Oil Marketers Association of Nigeria (MOMAN) Oil marketers on Sunday appealed to Federal Government to effect quick payment of its outstanding N800 billion subsidy More...

By Felix OLOYEDE On Sunday, November 18th, 2018
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FG mulls education bond for public varsities

President Buhari The Federal Government is considering setting up an education bond to finance infrastructure in public universities, President Muhammadu Buhari has said. Buhari made the idea known at University More...

By Felix OLOYEDE On Friday, November 16th, 2018
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Diamond Bank, C&I Leasing, others lead equity market downturn

Nigerian Stock Exchanging in trading session The decline recorded by Diamond Bank, C&I Leasing and 34 other stocks caused the equity market to finish the week ended November 16, 2018 in the red. The Nigerian More...