Efforts by Nigeria to poach Tammy Abraham and Fikayo Tomori have failed as the players have been called up for England’s Euro 2020 qualifiers. England coach, Gareth Southgate, called up the players alongside 23 others as the Three Lions take on Czech Republic on October 11 and Bulgaria three days later. Abraham won two England […]
Oil slipped further below 58 dollars a barrel on Thursday, pressured by concerns about global economic growth, oil demand and signs of excess supply, despite OPEC-led cuts. OPEC, OIL Eurozone business growth stalled in September, a survey on Thursday showed, a day after the U.S. announced import tariffs on European Union products. U.S. crude inventories […]
Nigeria’s FCMB said on Thursday it was charged 14 billion naira ($46 million) for failing to meet the central bank’s minimum loan-to-deposit ratio requirement by a September deadline, the lender told Reuters on Thursday. The mid-tier bank’s spokesman said the bank had reported loan growth in September and it expected to keep the momentum with […]
South Africa and Nigeria signed 30 trade and cooperation agreements on Thursday, weeks after a wave of violence against Nigerian nationals in Johannesburg and Pretoria had strained relations between Africa’s top two economies. In September, mobs armed with makeshift weapons attacked businesses and homes owned by foreigners, leading to at least 10 deaths, dozens of […]
Nigerian Navy releases list of successful applicants, set to commence interviews The Nigerian Navy has commenced the enlistment of graduates and HND holders into the Direct Short Service Commission. Navy Director of Information, Suleman Dahun, announced this in a statement on Wednesday in Abuja. Mr Dahun, a commodore, said interested applicants, who must be Nigerians […]
On Wednesday Nigerian workers threatened to go on a nationwide strike from October 16, if the federal government fails to reconvene the meeting of the committee negotiating the consequential adjustment on the new minimum wage. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at a meeting with the Joint National Public Service […]
The Federal Government’s domestic debt outstanding rose by N1.26tn to N13.41tn as of June 2019, over the figure for the corresponding period of 2018. This was disclosed in the Central Bank of Nigeria’s half year report on Federal Government’s domestic debt. Part of the report read, “The total domestic debt outstanding at the end of […]
Nigeria’s central bank plans to charge 12 banks more than 400 billion naira ($1.3 bln) for failing to meet its minimum loan-to-deposit ratio requirement after a September deadline, three banking sources told Reuters on Thursday. The banking sources said bank chief executives planned to meet with the banking regulator in Abuja on Thursday to discuss […]
The Federal Government on Wednesday announced plans to ensure the return of toll gates on federal highways in the country. The decision came after being phased out more than a decade ago. The Minister of Works and Housing, Babatunde Fashola, stated this while briefing State House Correspondents on the decision taken at the Federal Executive […]
The Federal Government has confirmed the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) in Nigeria, otherwise known as cooking gas. This means that the cost of LPG, commonly referred to as cooking gas, will be relatively stable, thus attracting many investors and users in the country. The Chairman, Federal Inland Revenue […]