• Sun. Jun 4th, 2023

    Business & Economy

    • Home
    • Stanbic IBTC opts out of Bureau De Change operations; to focus on core business

    Stanbic IBTC opts out of Bureau De Change operations; to focus on core business

    Citing regulatory changes, Stanbic IBTC Holdings PLC on Wednesday announced its decision to relinquish its Bureau De Change operating license and discontinue the business.

    Rivers, Bayelsa, two others ineligible for World Bank-assisted performance grants to states

    Only Rivers, Bayelsa, Imo and Zamfara states were ineligible to benefit from the N123.348 billion performance-based grants to the 36 states of the federation.

    How Finance Act will help realize 2021 Budget targets -Minister

    The N13.5trillion Budget of ‘Economic Recovery and Resilience’ aims at accelerating the country’s economic recovery, promoting social inclusion and strengthening the resilience of the economy to recover from the impact…

    2021 Budget: How Nigerian govt. will finance N5.6trillion deficit

    The Federal Government said on Tuesday the N5.6trillion deficit in the 2021 Budget would be financed mainly from domestic and foreign borrowings, loans and proceeds from the privatization of public…

    Dangote cement completes first tranche of share buyback; remains Africa’s dominant cement producer

    Dangote Cement PLC, a public company listed on the Nigerian Stock Exchange on Monday announced the completion of the first tranche of its share buyback programme by successfully re-purchasing about…

    Illicit financial flows: How multinational oil firms fleeced Nigeria of N5.4trn tax revenue in 10 years – FIRS

    The Nigerian government on Monday lamented bitterly how the rich multinational oil companies routinely fleeced from the country and illegally funnel abroad huge tax revenues they should pay from their…

    Nigerian Stock Exchange dips with N246bn loss in bearish trading

    The Nigerian Stock Exchange (NSE) on Friday after market capitalization took a plunge in six hours of bearish trading activities.

    Microsoft joins Google, others to strengthen Nigeria’s technology space

    U.S. firm, Microsoft on Friday joined other global technology giants to strengthen the digital transformation pillar of the Federal Government's Economic Sustainability Plan.

    Hike in electricity tariff: Labour pulls out from further dialogue with govt.; alleges bad faith

    The organised Labour on Friday opted not to continue the ongoing dialogue with the Federal Government over electricity tariffs and other issues in the power sector, alleging a show of…

    AfCFTA: Nigeria won’t be deterred by infrastructure deficit – official

    Despite fears in some quarters that the dearth of infrastructure in key sectors of the economy could deter the country from benefiting from the African Continental Free Trade Area (AfCFTA),…