Business articles

Nigeria still investors destination – IMF

Nigeria still investors destination – IMF

Monetary and regulatory authorities in Nigeria have been enjoined to roll out policies that would bring down the inflation rate in the country as well as increase access to domestic funds in order to ensure that the economy attains further growth in 2018, adding that Nigeria is still an investor’s destination. The call was made

EXCLUSIVE: NPA ends dispute with Intels, seeks Attorney-General’s clearance to restore contract

The business dispute between the Nigerian Ports Authority and Intels Nigeria Limited over revenue sharing structure and payment procedure now stands resolved, the NPA has said. The maritime agency is however awaiting clearance from the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, for possible restoration of the contract seized from the logistics

Gwarzo, it’s time to face your allegations

By Chikwelu Chukwujindum There is no doubt that one of the biggest drawbacks to national development particularly in African countries south of the Sahara is the reckless and bare-faced conversion of public funds and property to personal use by public officials. In Nigeria, Africa’s most populous nations, the challenge of rising to its full potential

Reps investigate SEC, Oando Crisis

The House of Representatives on Tuesday resolved to intervene in the current scandal rocking the Securities and Exchange Commission, SEC. PREMIUM TIMES reported the suspension of the DG of SEC, Munir Gwarzo, by the Minister of Finance, Kemi Adeosun. Mrs. Adeosun ordered the suspension of Mr. Gwarzo and two others based on corruption allegations against

FG appoints Abdul Zubair acting SEC DG

The Federal Government of Nigeria has appointed Dr. Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. He was before the appointment, the Director in charge of External Relations in the Commission. In view of the foregoing, the SEC Nigeria, wishes to assure the investing public and all

How Nigeria will meet 2018 budget target despite OPEC oil cap – Kachikwu

Last Thursday’s Organization of Petroleum Exporting Countries, OPEC, resolution extending by another nine months its 2017 output cut agreement will not affect the Nigerian government’s revenue projections in the 2018 Budget, the Minister of State for Petroleum Resources, Ibe Kachikwu, has said. Mr. Kachikwu, who stated this on Friday in an exclusive chat with PREMIUM

Capital Market Operators urged to adapt to new business environment – Mounir Gwarzo, SEC DG.

The Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new and rapidly changing economic, regulatory and business environments which will aid them in performing their expected roles in economic development of the nation. He mentioned this during his opening remarks at the 21st

Nigerian govt. revokes resident permits of INTELS’ expatriate staff; gives them two weeks to leave

The federal government on Wednesday revoked the resident permit of expatriate staff of INTELS Nigeria Limited and five other companies for operating without valid license within the country’s Oil and Gas Free Zone. The Nigeria Immigration Service, NIS, named the other affected companies as PRODECO International Limited, West Africa Machinery Services Limited, Net Global System

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