The Naira on Thursday gained marginally to the dollar at the parallel market in Lagos, exchanging at N358.5 to the dollar. The Pound Sterling and the Euro closed at N462 and N407, respectively. At the Bureau De Change (BDC) segment, the naira was sold at N360 to the dollar while the Pound Sterling and the […]
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The Joint Tax Board (JTB) Chairman, Mr Tunde Fowler, on Thursday unveiled the South West Regional National Tax payer Identification Number (TIN). Fowler said, at the inauguration ceremony of the new TIN registration system and consolidated national taxpayers’ database in Lagos, the new system would promote a tax friendly environment. Fowler, also the Executive Chairman, […]
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Ms Christine Lagarde, the Managing Director, International Monetary Fund (IMF), has resigned, the IMF says. The Executive Board of the fund said this in a statement issued by it on Tuesday in Washington D.C., adding that it has accepted Lagarde’s resignation with effect from Sept. 12. “We would like to express our greatest appreciation for […]
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Nigeria’s inflation eased sharply lower in June to 11.22 percent year on year, a 0.18 percent points decrease than 11.40 percent posted in May. Latest data released by the National Bureau of Statistics (NBS) on Tuesday showed that the headline index fell to 1.07 percent on a month-on-month basis, indicating a decline of 0.04 percent […]
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The Central Bank of Nigeria (CBN) says it has made another intervention of $298.71 million in the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Isaac Okorafor, disclosed this in a statement in Abuja on Friday. Mr Okorafor said the bank had also injected 39.69 million Chinese Yuan (CNY) in the […]
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The Ethiopian Airline says it will establish a new airline to grow more frequency and operation in Nigeria. Mr Tewolde Gebremariam, the Group Chief Executive Officer of Ethiopian Airlines, told newsmen on Friday in Abuja that the plan would give better choice for air travellers. According to him, the operation in Nigeria will continue with […]
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Foremost African financial institution Guaranty Trust Bank plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London on Wednesday, July 10, 2019 at the London Hilton Hotel, Park Lane. GTBank was also named the Best Bank in Nigeria for a record ninth time, […]
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A new document by NEITI has revealed that the total revenue received by Lagos state in 2018 was higher than what was received by the entire south-east region. The south-east region consists of five states namely: Abia, Anambra, Ebonyi, Enugu and Imo. The state’s 2018 revenue was also higher than that of the northeast and […]
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The new Group Managing Director Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, on Monday took over the mantle of leadership, vowing to repair the four national refineries before the end of President Muhammadu Buhari administration in 2023. He also pledged to work towards the delivery of the Dangote Refinery by the first quarter of […]
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In fulfilment of its desire to continuously find ways to serve its customers better, NOVA Merchant Bank (www.novambl.com) is pleased to announce the launch of its newly redesigned website. This new version has features and functionalities to enhance the accessibility of the website. The navigation of the website has been simplified so clients can easily […]
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