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Business and Economy

First Bank of Nigeria launches the Virtual Payment Card

First Bank of Nigeria has launched the Virtual debit card.The FirstBank Virtual Payment Card aims to be an alternative to cash and cheques, providing...

FG disburses ₦123.348bn grants to states

The Federal Government has disbursed ₦123.348billion (USD324.6million) to states under its States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for Results.Minister of Finance, Budget...

Plateau Internal Revenue Set for Explosion

Ugar Ukandi Odey, JosThe Pllateau State Internal Revenue Service has adopted Explosive Revenue Drive, ERED, as its creed and modus operandi to enable it...

Air fares to drop following VAT removal

Airlines are planning to reduce fares in response to the removal of 7.5 per cent Value Added Tax (VAT). The suspension of VAT from...

FG Signs $1.959bn Agreement For Rail-Line Terminating In Niger Republic

The Federal Government has signed an agreement for the construction of $1.959 billion rail project that would terminate in the Niger Republic.This was disclosed...

Dangote reportedly loss $900 million in just 24 hours

Africa's richest man, Aliko Dangote, reportedly lost a total of $900 million within 24 hours on Friday, January 8, after his company Dangote Industries Limited emerged...

Failure To Recover Over N4.4tn Debt Bad For Economy – AMCON

The Asset Management Corporation of Nigeria (AMCON) has called on all agencies of the Federal Government and all stakeholders to join its debt recovery...

Ex-Skye Bank chair petitions EFCC over alleged forceful takeover of company

 Former chairperson of the board of directors of the defunct Skye Bank Plc, Tunde Ayeni, has petitioned the Economic and Financial Crimes Commission (EFCC) over an...

SERAP To FG: Quit Plans To Borrow Dormant Account Balances, Unclaimed Dividends

The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his leadership position “to...

Access Bank completes takeover of Zambia’s Cavmont Bank

Access Bank Plc said it had acquired Zambia-based Cavmont Bank Limited through Access Bank Zambia Limited.The takeover, a product of the lender’s satisfaction of...

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