22 ViewsThe President, Major-General Muhammadu Buhari (retd.), has approved the suspension of the payment of interest on debts owed by state governments. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who disclosed...

83 ViewsThe finance minister also said that the President had given an interim approval for the restructuring of the Treasury Single Account in order to better mobilise cash donations from the people and corporate...

263 ViewsThe era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said on Monday. Kyari, who spoke during a live programme on African Independent Television,...

46 ViewsThe Federal Government is to raise the sum of $6.9bn through external borrowing from the World Bank, the International Monetary Fund and the African Development Bank. The Minister of Finance, Budget and National...

30 ViewsThere are indications that the National Insurance Commission (NAICOM) may extend the deadline for the recapitalisation of insurance and reinsurance companies for the second time, The Nation has learnt. The Commission is concerned about...

102 ViewsSUNU Assurances Nigeria Plc plans to cancel 11.2 billion ordinary shares of 50 kobo each out of its 14 billion ordinary shares of 50 kobo each as part of a recapitalisation plan aimed...

20 ViewsConsolidated Hallmark Insurance Plc has secured regulatory approval to extend its N1.056 billion rights issue for one month. The extension was due to the disruptions caused by the Coronavirus pandemic. The offer period...

97 ViewsStanbic IBTC Holdings Plc has indicated that a conversion price of N24.79 per share for any shareholder that elects to convert his cash dividend to scrip dividend under the ongoing convertible policy of...

98 ViewsThe Federal Government has granted a three-year tax incentive to 25 companies under the Industrial Development Income Tax Act. A pioneer status is an incentive from the Federal Government, which exempts companies from...

53 ViewsThe Nigerian National Petroleum Corporation (NNPC), has appointed Allianz Nigeria and Custodian & Allied as lead underwriters for its insurances in 2020/2021 business year. Custodian & Allied will lead its oil assets and...