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  • Paris Club refund windfall excites labour, ASUU, others

    July 18, 2017 11:04 PM 24

    The organised labour will monitor the application of the N243 billion Paris Club refund released by the Federal Government to the states. Governors must play by the rules, it warns. TOBA AGBOOLA and TONY AKOWE report. THERE was excitement in the camps of the organised labour and some varsity teachers yesterday. It was over the release of N243 billion

  • With N1.7trn in 6 months, FIRS records significant increase in 2017 revenue

    July 18, 2017 10:42 PM 22

    The Federal Inland Revenue Service (FIRS) says it collected a total of N1.782 trillion as tax revenue between January and July 2017. This is even as it has projected a total of N1.8 trillion value added tax (VAT) collection for the 2017 fiscal year. Tunde Fowler, FIRS executive chairman, made this known on Tuesday while presenting the agency’s budget

  • FG releases details of Paris Club refund to 36 states

    July 18, 2017 8:45 PM 24

    The federal government has released a state-by-state breakdown of the second tranche of Paris Club refund. A statement from the ministry of finance said the payments, which totalled N243,795,465,195.20 were made to the 36 states and the federal capital territory upon the approval of President Muhammadu Buhari on May 4, 2017. Akwa-Ibom, Bayelsa, Delta

  • Equities investors gain N46.6bn on profitable trade

    July 18, 2017 7:24 PM 25

    Equities market maintained upward trend at the end of trading session on the Nigerian Stock Exchange (NSE) on Tuesday as major market indicator hinged 0.41 per cent higher. The All-Share Index (ASI) extended its gains by 135.18 points to settle at 33,436.61 points, to bring the Year to Date (YTD) Return to 24.42 per cent. Furthermore, the market capitalisation

  • Official: Etisalat Nigeria formally announces 9mobile as new name

    July 18, 2017 7:14 PM 19

    After news broke out that the embattled telecom company, Etisalat has changed name, the company has now formally adopted 9mobile as its new trade name according to Premium Times. Emerging Markets Telecommunication Services Limited, EMTS formally confirmed the development on Tuesday July 18. “Emerging Markets Telecommunication Services Limited (EMTS)

  • Zenith Bank enables Naira Cards for international spending

    July 18, 2017 5:56 PM 24

    Foremost Nigerian financial institution, Zenith Bank Plc., has enabled its MasterCard and VISA Naira card range to support international transaction spend of up to US$1,000 monthly. This development means that all Zenith Bank Naira cardholders can now use their Naira denominated cards to withdraw money from ATMS in over 210 countries (US$300 daily limit)

  • Inflation drops to 16.10% — first time in 12 months

    July 17, 2017 1:31 PM 24

    The consumer price index (CPI), which measures inflation, has dropped for the fifth consecutive month to stand at 16.10%. According to a data released by the Nigerian Bureau of Statistics (NBS), the last time the country’s inflation figures were in this region was between May and June 2016 when the figures stood at 15.58 and 16.48 respectively

  • Farashin kayayyakin abinci zasu ruguzo nan da ýan makonni – Audu Ogbeh

    July 17, 2017 1:02 PM 24

    Audu Ogbeh, ministan noma da ci gaban kakkara, ya ba ýan Najeriya tabbacin cewa hauwawan farashin kayayyakin abinci a kasar zai ruguzo nan da ýan makonni. Ya ambaci cewa farashin shinkafa zai ragu sosai cikin makonni biyu masu zuwa. Ya kuma bayyana cewa maáikatar san a da kudirin kaima jamiár Afe Babalola, Ado Ekiti (ABUAD) tan 20 na kwayar shuka shinkafa

  • UPDATE 1-Nigerian annual inflation slows in June, but still above 16 percent

    July 17, 2017 8:58 AM 19

    LAGOS, July 17 (Reuters) - Annual inflation in Nigeria eased for a fifth straight month in June, slowing to 16.1 percent, the National Bureau of Statistics (NBS) said on Monday. A separate food price index showed inflation at 19.91 percent, up from 19.27 percent in May, indicating continued pressure on food prices, the NBS said in a report. Annual inflation

  • Alleged corruption: I’m ready to go to jail — Diezani

    July 17, 2017 3:37 AM 29

    Former Petroleum Minister, Diezani Alison-Madueke, who is being investigated for a series of multi-billion dollar fraud and money laundering offences in Nigeria, the United Kingdom and America has threatened to squeal on her associates, Kola Aluko and Jide Omokore. She said after opening up on everything that transpired in the controversial fraudulent