TheCapital

Business

FIRS targets N5.2b from 10 million new taxpayers, says Fowler

    FIRS targets N5.2b from 10 million new taxpayers, says Fowler

Nigeria plans to raise N5.2 billion from taxes next year, Federal Inland Revenue Service (FIRS) Executive Chairman Babatunde Fowler, said yesterday. He also said the agency has a target of

0 comment Read Full Article

Naira tumbles to 428 after MPC decision

    Naira tumbles to 428 after MPC decision

The naira tumbled against the United States dollar to 428 on Wednesday, down from 424 on Tuesday, as persistent dollar shortage continues to weigh on the economy. The major decline

0 comment Read Full Article

CBN rejects Finance minister’s call for interest rate cut …retains benchmark rate at 14%

    CBN rejects Finance minister’s call for interest rate cut …retains benchmark rate at 14%

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, which is the benchmark lending rate, at the current 14 per cent. The

0 comment Read Full Article

Manufacturers back Finance minister’s call for interest rate cut

    Manufacturers back Finance minister’s call for interest rate cut

The Minister of Finance, Mrs. Kemi Adeosun, has called on the Central Bank of Nigeria to lower interest rate so that the government can borrow domestically to boost the economy

0 comment Read Full Article

Recession: worst is over, says CBN boss Emefiele

    Recession: worst is over, says CBN boss Emefiele

The Central Bank of Nigeria (CBN) Governor Godwin Emefiele has come a piece of good news on the recession-hit economy.

0 comment Read Full Article

BPE advises IBEDC on metering

    BPE advises IBEDC on metering

The Acting Director-General, Bureau of Public Enterprises, Dr. Vincent Akpotaire, has called on the management of the Ibadan Electricity Distribution

0 comment Read Full Article

FG releases N350bn to reflate economy

    FG releases N350bn to reflate economy

Moves to steer the country out of economic recession has received a boost with the decision of the Federal Government

0 comment Read Full Article

CBN mulls raising N183b Treasury Bills

    CBN mulls raising N183b Treasury Bills

The Central Bank of Nigeria (CBN) is planning to raise N183.24 worth of Treasury bills (T-bills) to settle short-term obligations.

1 comment Read Full Article

Unity Bank sacks 215 workers

    Unity Bank sacks 215 workers

Unity Bank Plc yesterday reduced its over 2,000 workforce by sacking 215 members of staff, it was reliably learnt. The

0 comment Read Full Article

Aviation crisis deepens as Arik suspends operations

    Aviation crisis deepens as Arik suspends operations

Hundreds of passengers of Nigeria’s biggest airline, Arik Air, were left stranded at airports across the country and beyond on

1 comment Read Full Article