Business

India on map

Indian investments in Nigeria exceed $15 billion dollars – Envoy

The envoy says the relationship between India and Nigeria dates back to 1958.

NLNG-Bonny

NLNG, Eni sign Sale and Purchase Agreement

The agreement is for the supply of 1.5mtpa for a 10-year-term on a Delivered Ex-ship (DES) and Free on Board (FOB) basis.

Accountant General of the Federation Ahmed Idris

INTERVIEW: Why Transparency Portal launched by Buhari is yet to fully take off – Accountant-General

The accountant-general also speaks on the implementation of the new VAT rate and other matters.

Godwin Emefiele, CBN Governor

CBN cautions FG on debt accumulation

The Committee raised alarm over rising public debts, which it noted, were growing faster than both domestic and external revenues.

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

Why CBN raised cash reserve ratio; retained lending rate – Emefiele

The regulatory body said this move would help banks channel more money to the employment-stimulating sectors of the economy.

Facebook

Facebook to partner with Nigeria to enhance digital culture

NCC says it will explore the proposition by Facebook.

Central Bank of Nigeria (CBN)

CBN retains lending rate, raises banks’ cash reserve ratio

The CBN resolved to leave all but one monetary policy parameter unchanged.

Nigeria Stock Exchange (NSE)

NSE All-Share Index rebounds by 0.45 per cent amid renewed buying interest

The All-Share Index increased by 133.08 points to close at 29,591.29 compared with 29,458.21 recorded on Wednesday.

Mining site used to illustrate the story.

ANALYSIS: Shady practices by registered mining companies cost Nigeria billions of Naira

Six states in Nigeria have been identified as the top destinations for the illegal mining of solid minerals in the country.

ICPC Operatives

Firm accuses ICPC of invasion, harassment of staff

The company urged the Attorney General of the Federation and the Minister of Justice, Abubakar Malami, to help investigate the matter.

Central Bank of Nigeria (CBN)

How Nigerian banks can increase Loan to Deposit Ratio while minimising risk

The loan-to-deposit ratio (LDR) is used to assess a bank’s liquidity by comparing a bank’s total loans to its total deposits for the same period.

Nigerian-Stock-Exchange

NSE market capitalisation loses N127bn amid profit taking in blue chips

The market capitalisation shed N128 billion to close at N15.176 trillion against N15.304 trillion achieved on Monday.

Moringa

MAN to establish N9bn Moringa plantation

Moringa oleifera is a fast-growing, drought-resistant tree of the family “moringaceae.”

Naira notes

IMF projects 2.5% growth for Nigeria’s economy in 2020,2021

The growth in the Nigerian economy is expected based on a continuing recovery in the oil sector.

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

NSE market indices open week with 0.31 per cent growth

The market capitalisation inched N48 billion to close at N15.304 trillion against N15.256 trillion achieved on Friday.

Yewande Sadiku

UK-Africa Summit: NIPC unveils Nigeria Investment Guide

The Nigeria Investment Guide is a complementary addition to the iGuide Nigeria, the online investment guide inaugurated by NIPC in May 2017.

OBASANJO OPENS GARMENT FACTORY

Obasanjo opens garment factory

The former two-time Nigerian leader unveiled the factory named Heritage Apparel on Saturday.

Equatorial Guinea speeds up investment drive with Nigerian investors

The delegation from Equatorial Guinea met with several Nigerian executives from the Africa Finance Corporation, Polaris Bank, Sterling Bank, First Bank, UBA and Zenith Bank.

Federal Inland Federal Inland Revenue Service (FIRS)Service.

Massive Shake-Up in FIRS, 50 directors affected

Sources at the tax agency said the movements were means of shaping FIRS along the lines Mr Mani believes could fetch him the N8.5 trillion target for 2020.

President Muhammadu Buhari and Vice President Yemi Osinbajo

Presidency lists items exempted from VAT by Finance Act

New law also promotes fiscal equity & supports MSMES.

Naira Notes

Nigeria’s debt rises by 2% to N26 trillion — DMO

The latest increase was recorded in the last quarter of 2019.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

NSE: Trading defies December inflation figure, index up 0.90 per cent

The index rose by 265.39 points or 0.90 per cent to close at 29,618.52 against 29,353.13 achieved on Thursday.

UPDATED: Nigeria inflation reaches 19-month high

The inflation in December 2019 hit 11.98 per cent — higher than 11.85 per cent in November.

Zainab Ahmad

Accountant-General wrong, new VAT rate commences February 1 – Minister

On Monday, President Muhammadu Buhari signed the Finance Act which reviewed the VAT rate from 5 to 7.5 per cent.

nigerian_stock_exchange

NSE: Indices rebound by one per cent amid interest in high capitalised stocks

The market capitalisation of listed equities grew by N150 billion to close at N15.142 trillion against N14.992 trillion posted on Wednesday.