nairametrics news

  1. Nigeria Business News

    Business Why Emefiele wants banks restricted from access to bonds and treasury bills – Nairametrics

    Governor of the Central Bank of Nigeria, Godwin Emefiele, has sought the restriction of banks’ access to government securities such as bonds and treasury bills. Speaking at the recently-held Monetary Policy Committee (MPC) meeting in Abuja, Emefiele said the apex bank needs to initiate...
  2. Nigeria Business News

    Business FIRS revenue collection will surpass N5.32trn in 2019 -Fowler – Nairametrics

    The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has expressed confidence that the revenue agency will surpass N5.32 trillion revenue collection in 2019. While presenting a paper titled “The imperatives of regulatory processes, procedures, and...
  3. Nigeria Business News

    Business BIG TROUBLE: CBN’s N650 billion ‘crisis’ explained – Nairametrics

    Last week, the Central Bank of Nigeria scrambled to respond to a leaked tape that alleged a huge fraud had occurred at the apex bank. In the tape, the Governor of the Central Bank of Nigeria, Godwin Emefiele can be heard discussing the problem with his line reports … Read more via...
  4. Nigeria Business News

    Business FIRS to start charging VAT on online transactions soon – Fowler – Nairametrics

    The Federal Inland Revenue Service will start taking Value Added Tax on online transactions any moment from now according to its chairman, Babatunde Fowler. Mr Fowler mentioned this during an interview he had with the News Agency of Nigeria in New York on Saturday. He stated that banks …...
  5. Nigeria Business News

    Business CBN blows $36 billion defending the naira in 2018, up 130% from 2017. – Nairametrics

    The Central Bank of Nigeria sold a whopping $36.6 billion in forex in 2018 according to a report released during the week on its website. This compares to $15.8 billion sold in 2017, a whopping 130% rise. The report, 2018 Activity report, is aimed at “informing the public … Read more via...
  6. Nigeria Business News

    Business Billionaires club: The current owners of MTN who need to sell for you to buy – Nairametrics

    If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image below... Read more via Nairametrics – Get more: Nigeria Business News
  7. Nigeria Business News

    Business $1.6bn has been recovered from the Atlantic Energy dispute by NNPC – Nairametrics

    The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, said the NNPC has retrieved $1.6bn savings from its subsidiary, the Nigerian Petroleum Development Company and the Atlantic Energy Drilling Concept Nigeria Limited. The director made this known...
  8. Nigeria Business News

    Business Emirates to start daily flights operations to Abuja from next month – Nairametrics

    In honour of its 15 years of successful operations in Nigeria, Dubai based Emirates Airline will start operating flights to Abuja beginning from the 1st of June, 2019. According to Emirate‘s Regional Manager for West Africa, Afzal Parambil, who disclosed this at a press conference in Lagos...
  9. Nigeria Business News

    Business MTN will join these 3 stocks in the Trillion Naira Club (TNC) – Nairametrics

    As MTN prepares to list on the Nigerian Stock Exchange later this week, the stock is expected to catapult straight into the trillion naira club list. An exclusive club made up of stocks that are the most valued in the country. What’s the Trillion Naira Club or Cap … Read more via...
  10. Nigeria Business News

    Business Alert: MTN’s 20.3bn Shares to start trading this week – Nairametrics

    Nigeria’s telecom giant, MTN Nigeria, is set to be officially introduced on the Nigerian Stock Exchange come Thursday, May 16th, as all relevant processes have been completed. Sources within the NSE and MTN reportedly disclosed that the telecom operator’s 20.3bn shares will, indeed, start...
  11. Nigeria Business News

    Business Federal Executive Council approves N35.94bn road contracts in six states – Nairametrics

    The Federal Executive council recently approved the building of roads in six states in the country that is estimated to cost N35.944bn. This was announced through the Federal Ministry of Power, Works and Housing on Sunday. Total of 16 roads will be built: the contract intends to build sixteen...
  12. Nigeria Business News

    Business Emefiele sets a milestone by getting a second term – Nairametrics

    Contrary to popular view that Godwin Emefiele will be replaced as the Governor of the Central Bank of Nigeria (CBN) following the expiration of his tenor, he has made history, with news reports suggesting he would be the first CBN Governor to get a second term. There were … Read more via...
  13. Nigeria Business News

    Business Former PenCom DG is under investigation for procurement irregularities – Nairametrics

    The former Director-General of the National Pension Commission (PenCom), Chinelo Anohu-Amazu, is being probed by the House of Representatives. The probe will extend from October 2014 to March 2017. The lawmakers wrote to the Pension Commission through its joint committee on Public Procurement...
  14. Nigeria Business News

    Business Local Nigerian airlines record 54% delayed flights in Q1 2019 – Nairametrics

    Airlines in Nigeria recorded total delayed domestic flights of 7,926 out of 14,735 flights for the period between January and March 2019. This represents about 53.7% of all flights were delayed in the first quarter of the year alone. The implication: Nigeria’s local aviation sector is one of...
  15. Nigeria Business News

    Business Government of Sierra Leone purchases Innoson Vehicles for military use – Nairametrics

    Innoson Vehicles recently announced via Twitter that the Government of Sierra Leone has purchased some fleet of cars from its company. Some Government officials from Sierra Leone visited the Innoson factory in Nnewi on May 4th, 2019.... Read more via Nairametrics –
  16. Nigeria Business News

    Business Nigeria needs $45billion to solve its transportation problem – Rotimi Amaechi – Nairametrics

    Minister of Transportation, Rotimi Amaechi, stated recently in an interview that the country needs $45 billion to solve its transportation problem once and for all. He also gave a rundown of the expenditure that has so far been made on the ongoing rail infrastructure in the country. Building …...
  17. Nigeria Business News

    Business MTN Nigeria appoints Mohammed Rufai as new Chief Technical Officer – Nairametrics

    MTN Nigeria has announced the appointment of Mohammed Rufai as its new Chief Technical Officer (CTO). Rufai’s appointment took effect on Wednesday, May 1st, 2019. Announcing Rufai’s appointment, MTN Nigeria stated that the newly-appointed CTO will be responsible for its technology strategy...
  18. Nigeria Business News

    Business Before you get ‘Loomified’, beware of the latest ponzi scheme in town – Nairametrics

    Some Nigerians are ever so eager (if not desperate) to make money, regardless of whether it is through legal means or illegal means. This explains why quite a number of them fall prey to ponzi schemes.... Read more via Nairametrics – Get more: Nigeria Business News
  19. Nigeria Business News

    Business Revealed: Boeing knew of Max’s faulty system and could have prevented crashes – Nairametrics

    A new report has emerged, revealing that aircraft manufacturer, Boeing Co, was aware of a fault on its 737 Max models long before the Lion Air and Ethiopian Airlines crashes that claimed the lives of many passengers and crew members. Boeing‘s engineers are said to have identified a problem …...
  20. Nigeria Business News

    Business Berger Paints announces the appointments of a new Managing Director and COO – Nairametrics

    In line with its plan to strategically position its business model for increased efficiency, Berger Paints Nigeria Plc has appointed Anjan Sircar as its new.... Read more via Nairametrics – Get more: Nigeria Business News