nairametrics news

Nigeria’s President Muhammadu Buhari will likely assign portfolios to ministers this week. Among the most anticipated appointments will be the office of the Minister of Finance. ... Read more via Nairametrics – https://ift.tt/30eswBS Get more: Nigeria Business News

The Nigerian National Petroleum Corporation (NNPC) has announced 15 companies as winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. The announcement was made via a press release on Sunday by the Corporation’s Group General Manager...

The Federal Government (FG) is planning to commence an auditing revenue assurance and Information Technology audit on the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS). In a statement disclosing this development, the Auditor-General of the Federation, Anthony...

The Economic and Financial Crimes Commission (EFCC) has resumed investigations on the members of staff of the Federal Inland Revenue Service over N1.2 billion Duty Tour Allowance (DTA) fraud. The EFCC on Friday began a forensic analysis of the bank accounts of the FIRS staff … Read more via...

A memo, purportedly written from the office of the Chief of Staff to the President Abba Kyari to the Chairman of the FIRS, Babatunde Fowler circulated around social media on Sunday. ... Read more via Nairametrics – https://ift.tt/2ZbvxSm Get More Nigeria Metro News

The Economic and Financial Crimes Commission (EFCC) has resumed investigations on the members of staff of the Federal Inland Revenue Service over N1.2 billion Duty Tour Allowance (DTA) fraud. The EFCC on Friday began a forensic analysis of the bank accounts of the FIRS staff … Read more via...

The Federal Government of Nigeria (FGN) has declared its preparedness to appeal Friday’s judgment delivered by an English court in favour of Process and Industrial Development Limited (P&ID). The court gave the company an order to seize Nigerian assets worth $9 billion.... Read more via...

Nigeria’s consumer price index, which measures inflation dropped to 11.08% in July 2019. This was revealed in the latest inflation report released by the National Bureau of Statistics (NBS). According to the NBS report, inflation dropped by 0.14% points year-on-year.. Read more via...

Some court officials stormed the Headquarters of Bet9ja at Surulere, Lagos, on Thursday, over a suit filed by a competitor, Lotto9ja Limited, a subsidiary of Western Lotto Nigeria Limited.... Read more via Nairametrics – https://ift.tt/31H60C4 Get more: Nigeria Business News

Gokada’s temporary closure has raised concerns among Nigerians and stakeholders alike. Many of those who lamented the closure said the timing was wrong. Nairametrics had earlier reported the announcement of the closure made by the Chief Executive Officer of Gokada, Fahim Saleh. Saleh said he...

Barely a day after Gokada suspended its operations in Nigeria, research carried out by Nairametrics has revealed that the company’s temporary shutdown could be as a result of the targeted poaching of some of its riders and senior executives by the newcomer, ORide. It was discovered that …...

Kwese TV has finally shut down operations putting an end to a Pay-TV dream that promised world-class content for the African Continent. The Parent Company, Econent Media had announced last December of its decision to shut down operations of the company. According to reports, the shortage of …...

In a bid to ensure that financial institutions comply with its specific requirements for loan disbursement, the Central Bank of Nigeria (CBN) has warned banks not to enforce insurance on borrowers.... Read more via Nairametrics – https://ift.tt/2ySYs2H Get more: Nigeria Business News

Coca Cola Hellenic Bottling Company (HBC) has released its earnings for the first-half of 2019, reporting a growth of 3.8%. The growth in the company’s net sales was driven by consumer demand within Nigeria and other … Read more via Nairametrics – https://ift.tt/2yMQxUJ Get more: Nigeria...

Sunday Thomas has officially been appointed the new Acting Commissioner/Chief executive of the National Insurance Commission (NAICOM) by the Federal Government (FG) pending the appointment of a substantive head. Following the expiration of the tenure of the Commissioner of Insurance, Mohammed...

Dr. Ainojie Alex Irune has been appointed as Oando’s new Executive Director. And he was to resume his appointment from Friday, August 9, 2019.... Read more via Nairametrics – https://ift.tt/2M9FHRb Get more: Nigeria Business News

The Board and shareholders of MRS Oil Nigeria Plc have resolved at the recently-held Annual General Meeting (AGM), to re-elect Chief Dr Amobi Daniel Nwokafor, and Andrew Oghenevo Gbodume as Directors. Also, the oil and gas company elected Priscilla Thorpe-Monclus, Priscilla Ogwemoh, and …...

The workers sacked by Chevron Nigeria Limited have all resumed at their various duty posts after a face-off between the company and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)..... Read more via Nairametrics – https://ift.tt/2YKqoQV Get more: Nigeria Business News

According to a recent report released by Bloomberg, the 500 most wealthy people in the world lost 2.1% of their collective net worth in a day. This happened as a result of the plunge experienced by U.S. Stocks on Monday, which is the biggest drop... Read more via Nairametrics –...

The latest report on domestic and international flight operations released by the Nigerian Civil Aviation Authority (NCAA) shows that 54% (5,363 ) of the domestic flights operated between May and June 2019 were delayed. According to the report, in May, a total of 5,000 flights were … Read...