Category: Business
CBN revokes licences of nine microfinance banks
The National Association of Microfinance Banks says that nine out of the 34 microfinance banks in Niger have lost their operational banking licences. [...]
Nigeria’s inflation rate rises again for the second time in a row – NBS
Data from the National Bureau of Statistic, NBS, on Tuesday showed a slim margin of 0.05 per cent to 11.28 per cent in September, compared to 11.23 pe [...]
Senate asks CBN to stop ATM card, strange charges by banks
The Nigerian Senate on Wednesday passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the excessive ATM card maintenance charge [...]
Nigeria ranked low in World Bank’s first ever Human Capital Index
Nigeria has been ranked 152 out of 157 countries in the first ever Human Capital Index released by the World Bank Group. This was revealed at the ongo [...]
Nigerians expected to pay tax on foreign assets
President Muhammadu Buhari has signed an executive order mandating Nigerian taxpayers to declare and pay tax on their offshore assets. According to th [...]
FG proposes N24k, states N20k minimum wage while NLC wants N30k
The Minister of Labour and employment, Chris Ngige, says the FG, after consultations, proposed N24,000 as the new minimum wage for civil servants. The [...]
Nigerians who abuse the naira recklessly to be prosecuted
Those who spray naira notes at parties risk going to jail, the Bankers Committee has warned.
To curb the hawking and reckless abuse of the Naira, the [...]
Business registration to cost N5000 between October and December
Vice President Yemi Osinbajo has announced that even though business registration currently cost N10,000 with Corporate Affairs Commission, CAC, it wi [...]
Nigeria Air not suspended because of investor apathy — Sirika contradicts Lai
Hadi Sirika, minister of state for aviation, says it is untrue that the Nigeria Air project was suspended due to investor apathy, adding that a number [...]
Nigeria Airways retirees to be compensated after 15 years as FG releases N22.6bn payment
The federal government has released N22.68 billion to settle part of the retirement benefits of former workers of Nigeria Airways. Zainab Ahmed, minis [...]