ASSETS & FINANCIALS

The Federal Government has engaged Kroll, a United Kingdom-based forensic and assets-tracing firm, and some other foreign firms to trace the assets of very wealthy Nigerians at home and abroad. The names of 150 very wealthy Nigerians are on the …

 Etisalat Nigeria on Thursday changed its brand name to 9Mobile. The change of name, it was gathered, was approved at a management meeting, with the public relations consultant to the telco, Chain Reactions, confirming the development. Chain Reactions, promised to …

The Ministry of Finance on Thursday said that the Federal Government would continue to borrow from foreign and domestic financial institutions to fund its programmes. The ministry stated this in a statement issued on Thursday by the Director of Information, …

Barely 24 hours after the Federal Government announced a proposal of N2.7tn to offset accumulated local debts and other services, the House of Representatives on Thursday demanded the details of the plan. Lawmakers passed a resolution asking the Minister of …

 The Poultry Association of Nigeria has expressed concerns over the 27 per cent interest rate available for lending to the agricultural sector, noting that it is not viable for the poultry industry. The President of the association, Mr. Ayoola Oduntan, …

The Federal Executive Council on Wednesday approved a proposal presented by the Ministry of Finance to offset accumulated Federal Government’s debts totalling N2.7tn. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this to State House correspondents at the end of …

Against the backdrop of the nation’s rising debt profile, the Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government must not borrow more to fund its budget. Adeosun said the government should instead raise the money needed by …

The Chartered Institute of Taxation of Nigeria has called on the Federal Government to release the procedural framework for the Voluntary Assets and Income Declaration Scheme, which was unveiled last week. The Acting President Yemi Osinbajo had unveiled the scheme …

The Lagos State Government is planning to enhance economic growth, job creation and boost ongoing transport and infrastructural development across the state in 2018. The Commissioner for Finance, Economic Planning and Budget, Mr. Akinyemi Ashade, made this known during the …

 The World Bank has called for a single regulatory authority for the regulation of the operations of free zones in Nigeria. The global bank made its position known at a public hearing organised by the House of Representatives Committee on …

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has given an assurance that the bank will intensify its fight against money laundering and other financial crimes in the banking sector. He stated this in Abuja on Monday …

The Federal Government has said that it will ensure adequate insurance of its assets. The Minister of Finance, Mrs. Kemi Adeosun, said this during the National Insurance Conference of the Insurance Industry Consultative Council with the theme: ‘Nigeria open for …

 Etisalat International on Monday said it had terminated a management agreement with its Nigerian unit, saying that it had given the business about three weeks to phase out the Etisalat brand in the country. The Chief Executive Officer, Etisalat International, …

While Nigeria’s rising indebtedness is generating ripples as to the sustainability and the interest element, the Federal Government has given details of some of the foreign loans it has raised in the last two years, expended on programmes rather than …

 The National Insurance Commission has released a draft of revised guidelines for microinsurance operations in Nigeria. NAICOM sent the draft guidelines to the chief executive officers of insurance and reinsurance companies, the Nigerian Insurers Association, the Nigerian Council of Registered …

 The Ministry of Mines and Steel Development says it will contribute $27bn about (N9.7tn) to the Gross Domestic Product by 2025. The ministry stated this in its Road Map in Abuja on Sunday, adding that the contribution would be achieved …

  The Nigerian equities market appreciated marginally by 0.16 per cent at the close of trading on Thursday after 20 stocks closed positive. A total of 168.512 million shares valued at N3.627bn were traded in 3,536 deals. The Nigerian Stock …

 Telecommunications companies must henceforth meet certain financial and technical standards before they can operate in the country, the Board of the Nigerian Communications Commission said on Thursday. The board stated this while giving directives to the NCC management regarding the …

The Federal Government on Thursday commenced an aggressive campaign to drive the rate of voluntary tax compliance in the country and boost tax revenue. The campaign, which commenced at the headquarters of the Ministry of Finance in Abuja, saw top …

The naira is seen steady on the foreign exchange market in the coming days as the Central Bank of Nigeria continues to inject the United States dollar into the market to improve liquidity. The CBN has also continued to tighten …