SunTrust Bank opens shop in Uyo, promising wide range of products, services  

Ben EguzozieOctober 24, 2019

Newly licensed regional deposit money financial institution, SunTrust Bank has opened a new branch in Uyo, the Akwa Ibom State capital, promising a wide range of products and services to its potential customers, which Ayo Babatunde, the managing director said are “friendly.” Some of the products include: the Sun Temporary Overdraft (Sun-TOD), which provides loans […]

States record N691bn IGR in six months — NBS

October 11, 2019

Within a six months period covering January to June this year, the 36 states and the Federal Capital Territory generated the sum of N691.11bn as internally generated revenue. The figure is contained in the second quarter IGR report released on Friday by the National Bureau of Statistics. The report explained that the N691.11bn represents an […]

FG offers September bonds at 12% interest

Businessam StaffSeptember 3, 2019

As part of the capital raising for the 2019 budget, the Debt Management Office (DMO) is offering two and three years savings bonds for the month of September at 11 percent and 12 percent interest rates respectively . The offers are expected to close Friday. This was contained in a document published on the DMO […]

FG to auction N145bn long term bonds at 14%

Businessam StaffAugust 16, 2019

The Debt Management Office (DMO) will offer a 5, 10 and 30 year bond totalling N145 billion at 12.7 percent, 14.5 percent and 14.8 percent interest rates respectively. A publication by the Debt Management Office (DMO) showed the breakdown of the N145bn bond include a N40bn 5-year reopening bond that would mature in April 2023; […]

NBS to publish Nigeria’s corruption survey report in September

June 11, 2019

By Tola Akinmutimi     The National Bureau of Statistics (NBS), on Monday hinted that the report of its ongoing national survey on corruption, the second  National Household Survey on Quality and Integrity of Public Services in Nigeria, 2019, would be published in September. A top official of the agency and a Project Director of […]

Recapitalisation: Insurance companies consider merger, acquisition

June 3, 2019

Following the recent pronouncement of new capital base and deadline for the insurance industry’s recapitalisation by the National Insurance Commission, some insurance companies are making move on how to scale this hurdle. In a recent circular to its regulated entities, life insurance companies’ capital was raised from N2bn to N8bn, general companies got a raise […]

Better Tax: NESG launches Citizen Report as stakeholders chart new path for non-oil revenue

Afolabi OluwaseunMay 21, 2019

Nigeria Economic Summit Group’s Fiscal Policy Roundtable (NESG) has launched its Citizen Perception Report, a first of several research pieces to be published in support of its tax reform and advocacy vehicle “Better Tax”. Better Tax seeks to close knowledge gaps in fiscal policy and create a sustainable framework to actualise the federal government’s inclusive […]

Senate backs NFIU’s directive on Local Government finance 

May 8, 2019

 The senate on Wednesday,  threw its weight behind financial guidelines for local governments recently introduced by the Nigerian Financial Intelligence Unit (NFIU).  The Senate has also resolved that relevant stakeholders like state houses of assembly and the presidency should expedite action on the nagging issue of granting financial autonomy to local government councils across the […]