Heavy loans for Directors killed 50 banks - NDIC

28 November 2017

50 banks closed down between 1994 and 2011 because of loans taken by their directors, the Nigerian Deposit Insurance Corporation has said

Director of bank examination department, Adedayo...

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FG spots 500 prominent tax dodgers, extends room for amnesty

24 November 2017

The National Economic Council has been informed of the list of 500 tax dodgers made up of some prominent citizens with investments abroad.

Minister of Finance, Kemi Adeosun, explained that...

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Nigeria Bureau of Statistics reports of accelerated economic growth in Q3

21 November 2017

The  National Bureau of Statistics on Monday said Nigeria’s economic growth accelerated in the third quarter as oil output increased.

Oil production increased to 2.03m barrels a day in the... Read More...

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N91m Tax Evasion: Lagos state seals 18 hotels, event centres

19 November 2017

The Lagos State Internal Revenue Service (LIRS) has shut 13 hotels, restaurants and event centers for failure to pay their taxes due under the Hotel Occupancy and Restaurant Consumption Laws of... Read More...

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Recovered Loot: ICPC seeks to keep percentage

18 November 2017

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is seeking approval to be able to retain percentages of funds recovered by it for its operation.

The...

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Federal Judge revokes BVN ruling.

17 November 2017

A federal judge presiding in the Abuja Division of the Federal High Court, Nnamdi Dimgba  has reversed his October 17 ruling ordering all bank accounts without BVN to be frozen. 

According...

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FG, Boeing set to tie deal over Nigeria's national carrier

16 November 2017

The Minister of State for Aviation, Sen. Hadi Sirika, says that the Federal Government is set to sign a Memorandum of Understanding with Boeing on the establishment of a national carrier for... Read More...

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Ex-High Court judge arrested for N220 million fraud.

16 November 2017

A former Kano state High Court Judge, Justice Kabiru Auta has been arrested by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for an alleged N220 million fraud.... Read More...

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Nigeria’s inflation drops to 15.91 % in October – NBS

15 November 2017

The National Bureau of Statistics says inflation rate, measured by the Consumer Price Index , has further dropped to 15.91 per cent in October  from 15.98 recorded in September.

The NBS...

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Just In: Nigeria's debt stock increases by 3.6%, hits N20.37trn.

14 November 2017

Debt Management Office has announced Nigeria's debt stock to be at N20.37trn..

The DMO in a statement, said the figure is made up all public debt stock comprising the Federal Government,... Read More...

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