The investment market in the country is feeling the effects of aggressive global monetary tightening and rising political and business risks, with capital importation dropping by 20% last year according to data released by the National Bureau of Statistics (NBS). This is according to a report by The Guardian,...
The Ogun State government has reacted to some media reports that erroneously claimed the state generated merely Seventy billion, nine hundred and twenty two million, five hundred and ninety thousand, four hundred and ninety five naira, eighty nine kobo (N70,922,590,495.89) as internally generated revenue for year 2019 In their...
Local investors have expressed fear that economic challenge in Nigeria, said to have continued to dampen investment drive and trigger apathy in the Nigerian capital market since the 2016 recession and now fueled by the effect of COVID-19 lockdown may lead to a forceful takeover of investments by foreigners.
The...
Lagos based integrated payments and digital commerce platform, Interswitch has been called out by a customer for incompetency over a failed transaction left unresolved for about a month.
The customer, identified as Oluwatoyosi Sokeye on microblogging site, LinkedIn expressed frustration that the issue, which she described as “trivial” could remain...
The Central Bank of Nigeria (CBN) Wednesday demanded statutory powers from the Nigerian Senate to enable freeze bank accounts that are linked to criminal suspects.
This demand was made on behalf of CBN by the Director, Legal Services, Mr Kofo Salam-Alade, who appeared before a Senate Committee Hearing for a...
The Ogun State Governor, Prince Dapo Abiodun on Wednesday signed Today into law the Revised 2020 Appropriation Bill, which reduced the state's budget from 449.97 billion Naira to 280 billion Naira.
In a statement by the Governor, the revision of the Budget which was presented to Abiodun by the Speaker...
