Fowler answers Buhari’s query on poor revenue collections
Chairman of Federal Inland Revenue Service, Mr Babatunde Fowler, has blamed drop in the price of crude oil and recession for the shortfall recorded in actual tax collections from 2015...
FG mulls repossessing electricity companies
Federal Government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry. This is coming ahead of the scheduled final...
Buhari to CBN: Henceforth, don’t give forex for food importation
PRESS RELEASE President Muhammadu Buhari Tuesday in Daura, Katsina State, disclosed that he has directed Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into...
3 ways great leaders spot toxic workers before they become problematic
Scott Mautz • Unfortunately, it's not difficult to find toxicity in the workplace. What's trickier is spotting its root causes. • Not hiring, or "fixing," a toxic employee can save...
CBN warns banks against imposing insurers, valuers on borrowers
Central Bank of Nigeria has warned banks from compelling borrowers to patronise specific underwriting companies to buy insurance covers mandatory to access some loans. The apex bank gave this order...
FG proposes to charge you 5% for online purchases. Here’s why the policy is dangerous
Yomi Kazeem Making online purchases in Nigeria could soon come with a tax bill. As part of plans to raise more revenue to fund a record budget, federal government is...
Airtel plans mobile money business roll-out in Nigeria
Airtel Africa has said it will soon roll out its mobile money business in Nigeria. Its Chief Executive Officer, Mr Raghunath Mandava, said this as highlights of its operations show...
AMCON debtors in trouble as Buhari assents to 2 new bills
Asset Management Corporation of Nigeria (AMCON) yesterday got more powers to enforce recovery of debt from persons owing legacy banks or seizure of property subject of loan obligation. This followed...
This may be the single biggest business opportunity in human history
Jonathan Foley, 50, executive director for Project Drawdown, joined me for a discussion about climate change (watch in the video player above). His statement, “This may be the single biggest...
ABC of China’s currency devaluation
China's currency has weakened to its lowest point in more than a decade, prompting the US to label Beijing a currency manipulator. The US move came on Monday, after the...
Zenith Bank upgrades mobile app
Zenith Bank has upgraded its mobile banking application to ensure its services are more aptly suited for the lifestyle needs of its customers. The upgraded mobile app has an improved...
Zenith Bank launches high interest-yielding target savings account
One of Nigeria’s leading financial institutions, Zenith Bank Plc, has introduced a high interest-yielding target savings account named “SAVE4ME”,which enables customers plan and save towards their aspirations and needs conveniently....
Trump escalates trade war with more China tariffs
US President Donald Trump has said he will impose a fresh 10% tariff on another $300bn (£247bn) of Chinese goods, in a sharp escalation of a trade war between the...
Did you experience difficulty calling MTN with your glo line in the past few days? Here’s why
MTN has lifted its partial ban on calls from Globacom subscribers to its network after stakeholders intervened in the matter. This came after a breakdown in mobile communication between 46.6...
Ranching: Akwa Ibom imports 2,000 cattle
Akwa Ibom State Government has said that it had imported 2,000 cattle from Brazil as part of efforts to produce sufficient meats with a view to increasing protein intake for...
IMF, CBN clash over multiple exchange rates
It was a healthy academic excercise over the pros and cons Central Bank of Nigeria’s multiple exchange rate regime yesterday. Sparring were International Monetary Fund (IMF) and CBN. The altercation...
How to apply for Dubai visa without going through any agency
Zenith Bank has introduced a new feature on its internet banking platform that allows customers to apply for Dubai visa and make the associated visa fee payment effortlessly. The bank...
Nigeria loses N1.87trn as foreign investors withdraw investments
Foreign portfolio investors have withdrawn a total of N1.87tn in four years, starting from June 2015, after President Muhammadu Buhari was sworn into office. The latest data obtained from Nigerian...
Buhari establishes committee for implementation of AfCFTA
President Muhammadu Buhari has approved the establishment of a National Action Committee (NAC) for implementation of African Continental Free Trade Area (AfCFTA) Agreement, which he signed on behalf of Nigeria...
Curious: NNPC claims its fuel subsidy payments skyrocketed by more than a thousand percent just before 2019 elections
Nigeria’s fuel subsidy payments shot up by 1,174 per cent in the wake of 2019 general elections, as Nigerian National petroleum Corporation, NNPC, disclosed that it paid N206.585 billion as...
CBN licenses 3 new banks
Central Bank of Nigeria has approved licenses for three new financial institutions in the country. According to updated records for financial institutions posted on its website, the apex bank has...
FG, Siemens sign agreement to boost electricity in Nigeria
President Muhammadu Buhari on Monday witnessed the signing of Electricity Road Map agreement between Federal Government of Nigeria and German-based Siemens at the State House, Abuja. The agreement is the...
Bill Gates just lost his ranking as world's 2nd-richest person. Here’s the billionaire who displaced him
• Bernard Arnault has overtaken Bill Gates as the world's second-richest person. • Arnault made his fortune running LVMH, a French luxury conglomerate. Business Insider previously reported that the luxury-goods...
Foreign debt under Buhari rises 148%. These are the countries, organisations Nigeria is owing
The nation’s external debt stock rose by 148 per cent in almost four years of the President Muhammadu Buhari administration, data from Debt Management Office showed. External debt soared to...
Africa is aiming to become a giant, interconnected trading region. It just might work
Yusuf Khan • African Continental Free Trade Area aims to scrap tariffs on imports between African countries. • The eventual agreement will result in free trade, better communication and there...
CBN bars interest payment on bank deposits exceeding N2bn
Central Bank of Nigeria has said the remunerable daily placements by banks at Standing Deposit Facility will not exceed N2bn. It stated this in a circular, titled ‘Guidelines on accessing...
All refineries must work before Buhari leaves office - New NNPC GMD
New Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC) Mr Mele Kyari yesterday assumed office setting targets that included fixing all the country’s refineries before 2023 when President...
CBN to partner with varsities to boost poultry production
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Monday said the apex bank has initiated a programme to boost poultry production in the country through the involvement universities...
Multinational firm bankrupts local poultry farmers - Report
Local poultry farmers are facing stiff competition posed by the sudden entrance of a multinational agro-giant into production of eggs and chicken, investigations have shown. Poultry farmers, especially in the...
These 5 common managerial habits may be reasons your employees secretly despise you
Omer Khan According to that frequently quoted study from Gallup, only 15 percent of people are engaged at work. And some 70 percent do not show up to work ready...
West Africa’s ‘Eco’ single currency won’t work. This is why
Yomi Kazeem ECOWAS, the regional bloc of countries in West Africa, has just revived an old dream: adopting a single currency across member states. After first broaching the idea at...
Buhari’s failure to name Ministers 4 months after election weakens stocks, rattles investors - Report
Failure of President Muhammadu Buhari to appoint a cabinet four months after winning a second term has stymied the country’s stock market, prompted foreign investors to trim holdings and threatened...
Steve Jobs’ ‘spiritual partner,’ the genius behind design of iPhones, others set to leave Apple
Mr Jony Ive, the Briton who over two decades helped turn Apple into the world's most valuable company, is leaving to set up his own venture. Jonathan, designer of the...
The jobs where liars excel
I have a confession: I lie. A lot. I lie to stop or start conversations, to spare others’ feelings, or my own, and to simplify social or professional life in...
How to influence people without making them feel like you're telling them what to do, using one simple phrase
Jason Aten • If you want to influence people to do something, your job is to tell customers what they should do without making them feel like you're telling them...
Emefiele adopts ‘Soludo Solution’, as banks are required to boost capital base
Depreciation of the naira between 2004 when the last banking sector recapitalisation took place and now has cut the value of the capital of each Deposit Money Bank by about...
Facebook just launched the latest strike in its cold war with Apple
Jake Kanter • Facebook and Apple's cold war continued on Monday. • Nick Clegg, Facebook's head of global affairs and a top lieutenant to CEO Mark Zuckerberg, suggested that the...
The best bosses in the world do these 10 things
If your company can train and promote managers who do these 10 things, you'll build trust and inspire your people to become the best versions of themselves. A company could...
CBN promises 7-year loans to NYSC members to establish businesses
Central Bank of Nigeria has said it will offer loans to National Youth Service Corps members to start small and medium scale enterprises, which they will repay in seven years....
5 signs you’re doing the job you were born to do, according to experts
Lindsay Tigar If you're in the right role, you're excited about your responsibilities, deliverables, and impact on your team. How can you tell your current gig is actually right for...