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Jail Multichoice/DSTv MD, Lawyers Urge Court

Following an interim order by the Federal High Court sitting in Lagos, compelling Multichoice to suspend  increment of its subscription fees, two Lagos-based legal...
Business

CBN Gives Banks Three Months To Submit Recapitalization Plan

The Central Bank of Nigeria, CBN has directed some systemically important banks considered too big to fail, that are short of capital to submit...
Business

Shareholders Task SEC on Mutual Funds Regulation To Boost Investor Confidence

Some shareholder groups on Wednesday called on the Securities and Exchange Commission (SEC) to ensure strict regulation of the Collective Investment Schemes (CIS) operating...
Business

Okonjo-Iweala: Nigeria Lacks Institutions, Systems, Processes To Prevent Corruption

Nigeria’s Minister of Finance, Dr Ngozi Okonjo-Iweala, said on Tuesday that corruption persisted in the country because Nigeria lacked the institutions, systems and processes...
Business

Arunma Oteh’s SEC, NNPC, Top List of Agencies Stealing Billions of Federal Revenues

As the Nigerian government struggles to raise more money to cushion the impact of a crashing oil price, a federal regulator has confirmed how...
Business

FAAC: FG, States, Councils Share N593.33b For October

The Minister of State for Finance, Bashir Yuguda, on Tuesday announced that federal, states and local governments had shared N593.33 billion revenue that accrued...
Business

Nigeria Finance Minister Says Oil Bill Unlikely To Pass Before 2015 Poll

Nigeria's long-awaited Petroleum Industry Bill (PIB) is not expected to be voted on by parliament before a planned general election in February 2015, the...
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