Business

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday called for more technical and institutional support from the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) for West African countries. Adeosun made the call while declaring open the sixth Steering Committee meeting of the IMF –AFRITAC West 2 in Abuja which was attended by the Senior Resident Representative …

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The senate has resolved to screen President Muhammadu Buhari’s nominees for the Central Bank of Nigeria (CBN). The resolution of the senate followed a motion sponsored by Rafiu Ibrahim, senator representing Kwara south. If confirmed, the all-important monetary policy committee (MPC) will hold its first meeting in 2018 next week. The committee was not able to meet in January because it …

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The Kano/Jigawa Customs Command, impounded over 300 bags of smuggled foreign rice and macaroni, valued at N7 million. The Comptroller of the Command, Yusuf Abba-Kassim, who spoke to reporters over the seizure, said the two suspects were arrested in connection with the smuggled items. According to him, 10 vehicles which conveyed the smuggled items were also impounded by his men at Babura …

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The Nigerian Maritime Administration and Safety Agency (NIMASA) on Monday expressed willingness to partner the Bureau of Public Enterprises (BPE) to refloat a National Shipping Line. The Director General of NIMASA, Dr. Dakuku Peterside who made this known when he played host to the Director General of the BPE, Mr. Alex Okoh at the headquarters of the Agency in Lagos explained that …

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…As Shareholders Smiles’ Home With N2.45 Final Dividend Zenith Bank Plc has announced a final dividend of N2.45 kobo per share for the full year ended December 31, 2017. The final dividend is in addition to the 25 kobo interim dividend that was paid last year. Amounting to N2.70 kobo total dividend for the 2017 financial year. According to the …

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Med-View Airline Plc, the only airline listed on the Nigerian Stock Exchange (NSE), is set to pay shareholders second dividend since becoming quoted on the exchange.  This follows   the company’s improved performance for the year ended December 31, 2017. According to the audited results of the company, revenue grew by 41 per cent from N26.039 billion in 2016 to N36.962 …

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The Central Bank of Nigeria (CBN) says Nigeria’s External Reserves is steadily growing and currently stands at $46 billion. The CBN spokesman, Isaac Okoroafor, said in a statement on Sunday that the reserves grew by about $3.2 billion between February and March 2018. He said that the reserves at the beginning of 2018 stood at $39.3 billion, then rose to …

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President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, June 4th, 2018. The President has also granted a grace period of 90 days (three months) to all manufacturers before the commencement of the new excise duty regime. There is however no increase in excise duty of other locally …

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A Central Bank of Nigeria stress test has shown that only large banks will stay above the regulator’s capital adequacy ratio threshold if the non-performing loans levels of the Deposit Money Banks should rise by 50 per cent. The results of the stress test were contained in the CBN’s latest Financial Stability Report posted on its website on Thurday. According …

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Every year across the world, the 8th of March is set aside to celebrate women and their remarkable contributions to humanity. It is also an opportunity to raise awareness about the challenges they face while stimulating action for the resolution of these challenges. This year, the theme for International Women’s Day (IWD) was ‘Press for Progress’, a strong call to …

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