Category: Business
Arunma Oteh set to exit World Bank for Oxford University
World Bank treasurer and vice president, Arunma Oteh will exit the bank by December 1 to join Oxford University. Arunma Oteh, who joined the Bretton W [...]
Diamond bank chairman alongside three directors resign
Oluseyi Bickerseth, chairman of the board of Diamond Bank, and three other directors of the bank has resigned. The bank announced the resignation in a [...]
FG to restrict birth rate as a means of economic recovery
The Federal Government has declared that it was working hard to come out with a policy that would limit the number of children that a mother could hav [...]
GTBank releases Q3 2018 unaudited results, reports profit before tax of ₦164.2bn
Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2018 to the Nigerian and London Stock Exchange [...]
CBN revokes licences of nine microfinance banks
The National Association of Microfinance Banks says that nine out of the 34 microfinance banks in Niger have lost their operational banking licences. [...]
Nigeria’s inflation rate rises again for the second time in a row – NBS
Data from the National Bureau of Statistic, NBS, on Tuesday showed a slim margin of 0.05 per cent to 11.28 per cent in September, compared to 11.23 pe [...]
Senate asks CBN to stop ATM card, strange charges by banks
The Nigerian Senate on Wednesday passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the excessive ATM card maintenance charge [...]
Nigeria ranked low in World Bank’s first ever Human Capital Index
Nigeria has been ranked 152 out of 157 countries in the first ever Human Capital Index released by the World Bank Group. This was revealed at the ongo [...]
Nigerians expected to pay tax on foreign assets
President Muhammadu Buhari has signed an executive order mandating Nigerian taxpayers to declare and pay tax on their offshore assets. According to th [...]
FG proposes N24k, states N20k minimum wage while NLC wants N30k
The Minister of Labour and employment, Chris Ngige, says the FG, after consultations, proposed N24,000 as the new minimum wage for civil servants. The [...]