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BUSINESS
Banks Record 19 percent Growth in Consumer Credit Totaling N754 billion
The total value of consumer credit disbursed by commercial banks increased from N632.71 billion recorded in December 2018 to N753.85 billion as at June.
American Business Council Elects IBM’s Dipo Faulkner as President
Dipo Faulkner, Country General Manager of IBM West Africa has been elected President of the American Business Council and Chairman of the Board of Directors for the Council in Nigeria with effect from…
23 Megawatts Power Plant, Dream Fulfilled for Cross River – Governor Ayade
Dream of making Calabar, the capital of Cross River State, the first city in the country to enjoy 24-hour uninterrupted power supply edged closer to reality, at the weekend, as the 23 megawatts power…
Greenwich Alpha ETF Listed on Nigerian Stock Exchange
Greenwich Asset Management Limited has listed its subsidiary, Greenwich Alpha ETF on the Nigerian Stock Exchange. The Greenwich Alpha ETF units were listed at N100 each following an Initial Public…
Fidelity Bank Partners with OTF to Develop Programming Interface
In order to sustain its growth as a digital-savvy bank, Fidelity Bank has signed a Memorandum of Understanding with Open Technology Foundation.
Fowler replies Kyari, attributes Tax Revenue Decline to Recession, Oil Price
The chairman of the Federal Inland Revenue Service (FIRS)Tunde Fowler has responded to the recent memo sent to him by the Chief of Staff to President Muhammadu Buhari, Abba Kyari over the poor tax…
Breaking: CBN Governor finally Speaks on FOREX restrictions for Food Imports.
The Central Bank of Nigeria (CBN)governor, Mr. Gowin Emefiele, has finally responded to the President’s pronouncement on foreign exchange (FOREX) restriction for food importation, stating that more…
Buhari Queries FIRS Chief over Tax Collection Decline
The Chief of staff to President Muhammadu Buhari, Abba Kyari has issued a query letter to the chief executive of the Federal Inland Revenue Service (FIRS), Babatunde Fowler over worsening tax…
Why FG is Planning to audit Customs’, FIRS’ revenues
The Federal Government (FG) is planning to commence an auditing revenue assurance and Information Technology audit on the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS).
Don’t Lend to Unbankable Projects to meet CBN’s 60% LDR Target, LCCI Warns Banks
In order to avoid toxic assets and Non-performing Loans, the Lagos Chamber of Commerce and Industry (LCCI) has warned Deposit Money Banks (DMBs) against lending to unbankable projects.