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We won‘t sign minimum wage agreement that ‘ll lead to retrenchment in Ondo — Labour

On January 22, 20204:28 pmIn Financeby Bankole

The Nigeria Labour Congress (NLC) in Ondo State says the organised labour will not sign any new minimum wage agreement the will impoverish or lead to retrenchment of the workforce.

FG reaffirms deep economic relations with Turkey

Presidency explains Finance Act 2019

On January 20, 202011:04 amIn Financeby David O Royal

The presidency had made public the breakdown of Finance Bill, 2019, which was submitted to the National Assembly by President Muhammadu Buhari alongside the 2020 Appropriation Bill, and signed into law by the president on Jan. 13, 2020. The breakdown was released by Mr Laolu Akande, Senior Special Assistant to the President on Media and
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Nigeria public debt stands at N26.2 trillion – DMO

On January 17, 20202:54 pmIn Financeby David O Royal

The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion. The Director-General of DMO, Ms Patience Oniha, made this known during a presentation of Public Debt Data as at September 30, 2019, in Abuja on Friday. Oniha explained that the debt comprised the Federal Government and 36
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7.5% VAT to take effect February 1 ―Finance Minister

On January 17, 20208:12 amIn Financeby Rasheed Sobowale

…As Nami unveils 4-point pillars for FIRS …Adds “What I‘ll achieve in 100 days Emma Ujah The Minister of Finance, Budget and National Planning, Mrs Zainab Usman, disclosed in Abuja that the implementation of Value Added Tax (VAT) new rate of 7.5 per cent will commence on February 1, 2020, after all the necessary administrative
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Foreign investors bought less Nigeria bonds last year: debt office

On January 16, 202011:45 pmIn Financeby Temisan Amoye

Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39% of all bonds issued compared with the previous year when they bought 10.99%, a debt office presentation showed. The debt office said local fund managers bought most of the bonds in 2019, accounting for more than a third of total
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Banks weigh options for meeting the new LDR threshold

On January 14, 20203:25 pmIn Business, Finance, Newsby Nwafor

Deposit money banks are reassessing their strategy to meet the new minimum Loan-to-Deposit Ratio, LDR, of 65 percent prescribed by the Central Bank of Nigeria, CBN, mid last year.

C & I Leasing N3.2bn rights issue closes today

On January 13, 20206:33 amIn Business, Finance, Newsby Nwafor

C & I Leasing Plc Rights Issue of N3.2 billion will close today, Monday, January 13, 2020, following the extension period granted the company by the Securities and Exchange Commission (SEC). The SEC had granted C&I Leasing Plc a 10-day extension for the closure of its Rights Issue which initially ended December 27, 2019.

BUA Cement shares up 6.63% to N41 per share

On January 13, 20206:32 amIn Business, Finance, Newsby Nwafor

THE shares of BUA Cement Plc rose again by 6.64 percent on Friday, a day after its listing on the Nigerian Stock Exchange (NSE) following buy interest from investors. The stock, which was listed at N35 per share, rose to N41 after investors bought 8.198 million units valued at N336.14 million in 161 deals.

Banker advocates millennial focused cross generational workplace

On January 13, 20206:19 amIn Business, Finance, Newsby Nwafor

A BANKER and the Convener of the Employee Marketplace (EMP) Initiative, Mr. Nduneche Ezurike, has called on organisations to embrace millennial focussed cross generational workplace.

ABCON cautions FG on France involvement in ECO currency

On January 13, 20206:15 amIn Business, Finance, Newsby Nwafor

Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Federal Government to be wary of the involvement of France in the Eco currency project.