Browsing: Business

The Director of Bank Examination Department of the Nigeria Deposit Insurance Corporation, Adedapo Adeleke, said the new code was instituted to address the rising cases of insider bad loans, which not only represent a conflict of interest, but are against the prudential guidelines for the industry

Olayinka Abioye, the General Secretary, NUATE, confirmed the development to the News Agency of Nigeria in Lagos

President Muhammdu Buhari on Thursday approved the appointment of a 30-member tripartite National Minimum Wage Committee for the negotiation of a new National Minimum Wage

The Group Managing Director of the corporation, Dr. Maikanti Baru, said this in a statement issued by Ndu Ughamadu, the NNPC Group General Manager Public Affairs Division, in Abuja on Sunday

The Minister has also confirmed the review of the tax profiles of companies that received major payments from the Federal Government in the last five years.

NAN reports that ship owners have been worried over the non-disbursement of the sum of more than $100 million being administered by the Nigerian Maritime Administration and Safety Agency.

The 28 beneficiaries received a business grant of N300,000 each after being selected from a large pool of over 700 business entries received in the state

The Minister stated this in his keynote address at the fifth annual lecture of the School of Management Technology, Federal University of Technology, Akure, Ondo State on Friday

The President of ICCN, Babatunde Savage, made the appeal on Friday night in Lagos at the chamber’s Annual Award and 80th Anniversary celebration of the ICC Marketing and Advertising Code in Lagos.

Speaking at 10th Business Luncheon of the association in Ota, Ogun State, Adegbite said by providing long-term loans, the banks would have contributed their quota to Nigeria’s GDP.

Osinbajo stated this in Abuja at the 2017 Conference of the Association of Non-bank Micro-Finance Institutions of Nigeria and launch of of its N10 billion Farmers-to-Finance Mutual Funds.

Ikpeazu made the call on Saturday at the eighth convocation and silver jubilee celebration of the Michael Okpara University of Agriculture, Umudike, near Umuahia

The university’s Vice-Chancellor, Prof. Ibrahim Garba, made this known on Saturday at ABU’s 40th convocation ceremony held at its main campus, Samaru, Zaria.

The budget is higher than the 2017 figure of N485.79 billion, with N165.71 billion

Workers in the towns of Bad Hersfeld, Leipzig, Rheinberg, Werne, Graben and Koblenz stayed away from work from midnight (2300 GMT) onwards and planned to continue their strike called by the Verdi union until the end of the late shift on Saturday.

An excise duty is a type of tax charged on goods produced within the country, as opposed to customs duties charged on goods from outside the country.

Ganduje said in spite of the huge salary bill, which he revealed was more than those of some three states combined, the state had never failed to pay the salaries monthly.

The News Agency of Nigeria reports that the market capitalisation inched N236 billion or 1.85 per cent to close at N13.009 trillion compared with N12.773 trillion achieved on Thursday.

Data received from the CBN on Friday revealed that the figure was in favour of the agricultural, airlines, petroleum products and raw materials and machinery sectors.

Zuma said that he hoped Mnangagwa would steer his country successfully through the transition from Robert Mugabe’s rule.