MDA’s TSA transaction stands at N13.35trn, CBN report

The Central Bank of Nigeria (CBN) says the migration of the Federal Government Ministries, Departments and Agencies (MDAs) to the Treasury Single Account (TSA) stands at N13.53 trillion. It added that this has led to positive growth in the value and volume of transactions recorded in end to end payments in 2017. The bank said this in the 2017 Annual More...

by Felix OLOYEDE | Published 7 mins ago
By Felix OLOYEDE On Friday, December 14th, 2018
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Nigeria inflation rate accelerates to 11.28% in Nov.

Nigeria’s annual inflation rate rose to 11.28 per cent in November of 2018 from 11.26 percent in the previous month, underpinned on higher cost of food and housing and utilities, data released by the National More...

By Felix OLOYEDE On Friday, December 14th, 2018
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Afreximbank partners Nigeria on Intra-African trade with $1bn

Benedict Oramah, Afreximbank’s President The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand More...

By Felix OLOYEDE On Friday, December 14th, 2018
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Seplat, NB drive Nigerian equity market upturn

Stockbrokers during a trading session at the NSE Activities closed for the week on the Nigerian Stock Exchange (NSE) on a positive trend following gains recorded by some highly capitalised stocks after two consecutive More...

By Felix OLOYEDE On Thursday, December 13th, 2018
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FG plans early implementation of minimum wage

Boss Mustapha, Secretary to Federation The Federal Government is working towards early implementation of new minimum wage which has caused a lot of controversies in recent times, Mr Boss Mustapha, the Secretary More...

By Felix OLOYEDE On Thursday, December 13th, 2018
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Govt eyes 2.2mbpd crude oil production by Jan. 2019, says Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu The federal government is targeting to grow the country’s crude oil production to 2.2 million barrel per day by the end of January, 2019, the More...

By Felix OLOYEDE On Thursday, December 13th, 2018
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Nigeria hits 31% broadband penetration

Nigeria’s broadband penetration has hit 30.9 per cent surpassing the 30 per cent recorded before November 2018. The Nigerian Communications Commission (NCC) confirmed the data produced by the National Broad Band More...

By Felix OLOYEDE On Thursday, December 13th, 2018
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NB, Seplat win big at NSE CEO Awards

Nigerian Breweries Plc. has been named the Most Compliant Listed Company, for being an early filer of financial statements; complying with the Securities and Exchange Commission (SEC) Code of Corporate Governance; More...

By Felix OLOYEDE On Thursday, December 13th, 2018
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Oil prices rise as China-U.S. trade tensions ease

Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude stockpiles and indications that China is taking concrete steps to put a trade war truce with Washington into action. Crude oil prices have also been More...