Metro

No Plan To Remove Fuel Subsidy—Finance Minister

Tayo Olanipekun, Washington DC Nigeria does not have any “imminent” plan to remove fuel subsidy as there are currently no buffers to cushion the effect of such action, Minister of Finance, Zainab Ahmed, has said. The Minister said this in Washington DC Sunday morning during a briefing with journalists on the sidelines of the World Bank/IMF Spring Meetings, adding that …

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Indebtedness: Heritage Bank Takes Over Hip TV

Indications have emerged that Heritage Bank Plc yesterday on an order of Federal High Court Ikoyi Division seized the property of Smooth  Promotions Limited, owner of Hip TV, owned by Ayo Animashaun,  situated at No. 4 Ogundana Street, Off Allen Avenue, Ikeja; Lagos following inability to pay back the bank loan worth Hundreds of Millions.

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AMCON Says N5 Trillion Debt Recovery A Challenge To All Nigerians

Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has again reiterated that the over N5trillion bad debts, which Nigerians expect AMCON to fully recover before its sunset should be seen as a collective problem that concerns all Nigerians irrespective of their socio-political, ethnic and cultural ideologies.

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Reflecting on SEC’s Recent Market Development Initiatives

Appraising the performance of the Nigerian investment space the past year, reflects a sector that has continued to respond proactively to emerging global trends following innovative strategies being adopted by those saddled with the responsibility of guiding the investment market towards desirable direction for sustainable growth.

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IMF Advises Nigeria To Remove Fuel Subsidy

The Managing Director, International Monetary Fund (IMF), Mrs. Christine Lagarde, has advised the Nigerian government to jettison spending on fuel subsidy and expend the money on health, education and infrastructural development.

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Tears As Swarm Of Bees Kill Customs Officer On Duty

The Nigerian Customs Service  has announced the death of one of its senior officers who died after he was attacked by a swarm of bees while on patrol duty on Tuesday. The deceased, Abba Abubakar, was an officer operating at the Seme Customs Command, along the Ashipa axis of Badagry, Lagos according to the agency  in a statement. “With sadness and …

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