Commercial banks can no longer take Short Message Service (SMS) charges on bulk bank transfers done through the Real Time Gross Settlement (RTGS).
Stakeholders Raise Alarm Over Imminent Collapse Of Nigeria’s Auto Industry
Four years after its introduction, stakeholders have criticised the National Automotive Industry Development Plan (NAIDP) of the Federal Government.
Expert Say Nigeria Can Generate 4m Jobs Anually Through AGOA
Nigeria can generate four million jobs annually taking advantage of the Africa Growth and Opportunity Act (AGOA) to invest on Micro Small and Micro Enterprises (MSMEs).
‘Wrongful Termination’: MTN Appeals N4.8bn Awarded To Former Employee
MTN, telecommunication giant, says it has approached a higher court to set aside a judgment by National Industrial Court against it.
Revenue Boost As FG, States And LGAs Shares N637bn For August 2017
There was a significant increase in revenue for the month of August 2017, as a total of N637.704 billion has been distributed as Federal Allocation among the Federal Government, State Governments and Local Government Councils.
Oil Price Edges Higher Amidst Concern Over Kurdish Referendum
Oil prices closed up on Friday after a rally in prices on geopolitical instability in Iraqi Kurdistan helped Brent make its strongest third-quarter price performance since 2004.
Nigeria Ranks 125th In Global Competitiveness Index By The World Economic Forum
The World Economic Forum’s Global Competitiveness Index has ranked Nigeria as one of the most difficult place to do business, despite efforts by the federal government to make it easier for companies and individuals to do business in the country. The organisation ranked Nigeria 125th out of the 136th countries survey despite effort by the government to create enabling environment for businesses to thrive.
Sesame Seeds, Cashew Nut, Others Boost Nigeria’s Agric Export
Three agricultural products- soya beans, cashew nut and sesame seeds are turning big export earners for Nigeria, as economic policymakers attempt to wean the country away from crude oil.
Business Registration: CAC Reduces Cost, Simplify Process
The Registrar-General, Corporate Affairs Commission (CAC), Mr. Bello Mahmud, said on Tuesday in Abuja that the cost of business registration in Nigeria was now cheaper and its process simplified to enable small entrepreneurs to register their businesses.
Nigerian Stock Exchange Sustains Bullish Run
The Nigerian Stock Exchange has sustained its growth for the second day this week. The exchange which began in the week on the negative rose by 0.93 per cent on Thursday. Market capitalisation opened at 12,101trillion Naira closed at the end of Thursday’s trading at 12,213 trillion Naira, gaining ‘0.93 per cent’.
Oil Edge Closer To $60 As Turkey Threatens Blockade
Oil futures jumped to their highest level in over two years on Tuesday (26 September), driven by geopolitical tensions, anticipation of higher demand and Opec's claim that its aim to rebalance global crude inventories is being achieved.