Hold your horses! Take a break from your busy day and get an eyeful at what went down on the 27th of November, 2016. It was a spectacle indeed as “The Cobalt Tie Dinner” was hosted by The Concept Group…
Category: Finance
FG plans lower tax rate for MSMEs
THE Minister of Finance, Kemi Adeosun, last week said that the federal government will propose reduction in the income tax rate applicable to the Micro, Small and Medium Enterprises, MSMEs, as an incentive to encourage compliance and promote the sector.…
Oil may rise to $55 if all producers cooperate – Iran
Oil prices have risen to their highest in nearly a month, as expectations grow among traders and investors that OPEC will agree to cut production, but market watchers reckon a deal may pack less punch than Saudi Arabia and its…
Budget 2016: FG spends N3.577tr in 9 months — Udoma
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, yesterday, said that the Federal Government has spent N3.577 trillion as at September out of the N6.06 trillion budgeted for 2016 He disclosed this in Lagos at the KPMG…
No plans to amend Forex Act – CBN
The Central Bank of Nigeria (CBN) yesterday said it was not planning to amend the Foreign Exchange Act or recommend jail term for anyone that holds the dollar for more than 30 days. Acting Director, Corporate Communications Department, Mr. Isaac…
Militant Attack – Nigeria considers importing crude oil from Niger Republic
Nigeria, typically Africa’s biggest crude oil producer, is considering importing crude from neighbouring Niger due to militant attacks on pipelines in the Niger Delta that feed its refineries, a state oil company spokesman said on Friday. Nigeria’s crude production, which…
Nigerian interbank rate flat as market awaits monthly budget cash flow
Nigeria’s overnight interbank lending rate held steady for the second consecutive week at 14 percent on Friday even as the market anticipated the injection of October budgetary allocations to government agencies to boost liquidity in the system. On Wednesday, Nigeria…
OPEC Head To meet Iran oil minister over Upcoming Meeting
OPEC Secretary-General Mohammed Barkindo and Iran’s Oil Minister Bijan Zanganeh will meet in Tehran on Saturday to discuss issues linked to an upcoming OPEC meeting, the ministry’s official website reported. “Consultation about the topics of the OPEC ministers meeting in…
40 Arrested By DSS in Kano Bureau De Change Raid
DSS Operative Friday afternoon in Kano raided Bureau de change spots and arrested no fewer than 40 currency dealers. Eyewitness, Umar Iliya explained that the operatives stormed the Wapa area at about noon, seized selected men and took them away…
Nigeria’s GDP could expand 2.5% next year if oil output rises – Moody
Nigeria’s economy can expand by 2.5 percent next year, rebounding from a recession entered in the second quarter, as long it can keep oil output at 2.2 million barrels per day, a senior Moody’s analyst said. Africa’s largest economy faces…
