Nigeria’s Minister of Labour and Productivity, Dr. Chris Ngige, on Wednesday said the Federal Government cannot accept the N22,500 minimum wage proposal by the Nigeria Governors Forum (NGF). “The…
Bitcoin, the world's first and most famous cryptocurrency, celebrated its tenth birthday on Wednesday. Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention,…
The board of directors of Nigerian Breweries Plc. has recommended an interim dividend of N4.8 billion to its shareholders. The total dividend translates to 60 kobo per ordinary share…
Nigeria Tier-2 financial institution, Diamond Bank Plc. has denied media reports that it was in talks with new investors to raise fresh capital for the company. It was reported…
The Nigerian Federal Account Allocation Committee (FAAC) has disbursed a total of N689.71 billion to the federal, state and local governments as revenue allocation for the month of September. …
The shares of Diamond Bank trading on the floor of the Nigerian Stock Exchange (NSE) rose to their highest level in four (4) months on Thursday after the bank’s key…
The Central Bank of Nigeria (CBN) has again revoked the operating licenses of nine (9) microfinance banks in Niger State, the National Association of Microfinance Banks (MFBs). The North…
Pension Fund Administrators (PFAs) have invested a total sum of about N4.22 trillion in Federal Government of Nigeria Bonds in August. Data obtained from the National Pension Commission (PenCom)…
So far this year, tax collections seem to be much stronger than expected, which may mean that South Africans will be spared big tax hikes in February’s Budget, says PricewaterhouseCoopers…
As the 2019 General elections draw near in Nigeria, some commercial banks plan to cut lending to avert risks, Ike Chioke, Managing Director, Afrinvest West Africa Limited, has said. Chioke…
The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, says maintaining stable exchange rate to avoid depreciation of the Naira is better than building foreign reserve buffers. Emefiele told…
The World Bank and IMF have endorsed Zimbabwe’s plan to clear more than $2 billion in foreign arrears, the finance minister said, adding that the lenders had also backed his…
A recent World Bank report showed that Somalia has one of the most active mobile money markets in the world, outpacing most other countries in Africa. It’s even superseded the…