Access Bank has  acquired 100% of Kenya’s Transnational Bank Plc and its 28 branches after the Central Bank of Kenya (CBK) gave its approval for the acquisition. Effective February 1. 2020, 100% of...

SunTrust Bank Limited has appointed Mrs. Halima Buba as its Managing Director/Chief Executive Officer. She is taking over from Mr. Ayo Babatunde. The Central Bank of Nigeria (CBN) approved her  appointment...

President Muhammadu Buhari has nominated Kingsley Obiora to replace Okwu Joseph Nnanna as  the Deputy Governor, Economic Policy Directorate of the Central Bank of Nigeria. Okwu Joseph Nnanna is to ...

The Federal Government will from February 1 begin the implementation of 7.5 per cent Value Added Tax. The law will take effect after all the necessary administrative procedures must have been completed,...

 Toyota is recalling nearly 700,000 vehicles in the U.S. because the fuel pumps can fail and cause engines to stall. The recall covers certain 2018 and 2019 Lexus LS 500, LC 500, RC 350, RC 300, GS 350,...

President Donald Trump on Wednesday signed an initial trade deal with senior Chinese officials which includes pledges from Beijing to more than double its purchases from American farmers in the first...

President Muhammadu Buhari on Monday signed the 2019 Finance Bill into law. The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, confirmed this development in a statement in Abuja. The...

Nigeria Customs Service generated N1,341,690,568,327.18 in 2019. The amount generated is over the target of N969,831,167.83 set for the year 2019 and N139,241,835,082.29 over the sum of N1,202,448,733,244.89...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that Nigeria imported more than 19 billion litres of premium motor spirit (PMS), also known as petrol, in 2019. PPPRA Executive Secretary,...

Firms making a turnover of N25 million and below will be exempted from payment of the Companies Income Tax as soon as the Finance Bill 2019 is signed into law by President Muhammadu Buhari. Currently,...

There is an ongoing protest in all Chevron facilities across Nigeria. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Chevron branch has called for the removal of the Chairman...

The Minister of Environment, Mr. Muhammad Mahmud, has commended the Nigerian National Petroleum Corporation (NNPC) on the proposed Abuja 1350MW Independent Power Plant project aimed at boosting electricity...

Nigeria’s apex bank, The Central Bank of Nigeria on Sunday issued a new Guide to Bank Charges . The new guide which takes effect from January 1, 2020 reduced the withdrawal fee charged for the use...

Eight Francophone West African countries on Saturday agreed to change the name of their common currency to Eco, severing the CFA franc’s links to former colonial ruler, France. The CFA franc was initially...

The National Bureau of Statistics (NBS) says farmers in Nigeria earned a total of N201. 66 billion from the export of agricultural products between January and September of this year. A brief analysis...

The Nigerian government plans to distribute N10 billion as Trader Moni loan to petty traders and artisans in the country in the 2020 fiscal year. Under the micro credit scheme, the Federal Government,...

Workers of the Nigeria Postal Service (NIPOST) on Thursday staged a protest over the plan by the Federal Government to cede the collection of stamp duty to the Federal Inland Revenue Service (FIRS). The...

President Muhammadu Buhari has signed the 2020 Appropriation bill into law. This was announced by the President via his twitter handle. It is my pleasant duty, today, on my 77th birthday, to sign the...

Latest figures from the Central Bank of Nigeria indicate that the country’s foreign reserves continued their downward trend as they dropped from $39.8 billion to $39.24 billion between November 11 to ...

A South Korean court on Tuesday sentenced the Board Chairman of Samsung Electronics,  Lee Sang-hoon to 18 months in prison for sabotaging labour union activities. Lee and about 25 other defendants were...