Economy
It’s always about the economy, stupid…
Crude Oil Theft In Nigeria Is Now Highest In The World – Report
The highest ever reported crude oil theft in the world has taken place in Nigeria with the country recording approximately 400,000 barrels per day...
Federation Account Received N28.58 Trillion Between 2012 And 2016 – NEITI
The Nigeria Extractive Industries Transparency Initiative, NEITI, on Sunday, September 22, 2019, disclosed that N28.58 trillion was remitted to the Federation Account between 2012...
Sinking Fund: FG Seeks Fresh $2.5 Billion Loan From World Bank
Hafez Ghanem, the world bank’s vice-president for Africa, says the lender is in talks with the Nigerian government for a $2.5 billion concessionary loan.
Ghanem...
Outrage As Nigeria’s Central Bank Imposes New Charges On Bank Deposits, Withdrawals
The Central Bank of Nigeria has directed the strict implementation of Merchant Service Charge, which would impose more charges on all point of sale,...
Next Level: Federal Government Increases Value Added Tax Rate To 7.2%
The Federal Executive Council, FEC, has approved an increase in value added tax, VAT, rate from 5 percent to 7.2% percent
Zainab Ahmed, the minister...
Central Bank Introduces Policy For Loan Defaulters To Lose Deposits In Other Banks
To increase retail credit and curb the rising cases of non-repayment of such facilities, bank customers, who take loans but default in paying back,...
Next Level: Buhari Gov’t To Introduce 5% Value-Added On Online Shopping
Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax, VAT, on goods bought...
Australia Considering To Ban Cash Transactions Over $10000 AUD
The decision is currently being considered by the Australian lawmakers. This bill would ban any transactions amounting to AUD$10000 or more that are made...
Fuel Scarcity Looms As NUPENG Issues 7-Day Strike Notice
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Wednesday, July 31, 2019, issued a seven-day strike notice to the Federal Government to...
Nigerian Banking Industry Loses N15.15 Billion To Fraud In 2018
The banking industry lost N15.15 billion to cases of fraud last year, indicating an increase of 539 per cent when compared to the N2.37...
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EFCC Misled The Court To Granting Temporary Forfeiture Order – Saraki
Bukola Saraki, a former senate president, has on Monday, October 21, 2019, stated that his attention has been drawn to an order said to...
