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Category: Economy

Economy

3,891 debtors owe banks above N1bn each – NBS

Iheanyi Ejiofor August 23, 2019 No Comments

About 3,891 firms and other debtors have taken individual loans above N1bn, totalling N13.19tn of loans in the banking sector. Latest figure by the National Bureau of Statistics revealed that…

Read More 3,891 debtors owe banks above N1bn each – NBS
Economy

Governors kick as FG demands N614bn bailout refund

Iheanyi Ejiofor August 23, 2019 No Comments

The Federal Government has demanded the repayment of N614bn it offered to 35 states under the National Budget Support Loan Facility. The Minister of Finance, Budget and National Planning, Mrs…

Read More Governors kick as FG demands N614bn bailout refund
Economy

Minimum wage: Labour, FG to meet today

Iheanyi Ejiofor August 23, 2019 No Comments

Organised labour and the Federal Government will on Friday (today) resume negotiation over the implementation of the new minimum wage of N30,000. Labour, through the Joint National Public Service Negotiating…

Read More Minimum wage: Labour, FG to meet today
Business Economy headline

$9bn UK Judgment: FG to prosecute those involved in the contract

August 23, 2019 No Comments #$9bn UK Judgment: FG to prosecute those involved in the contract

Yusuf Bello| The Federal Government on Thursday said it will prosecute everyone linked with the $9bn judgment against Nigeria by a court in the United Kingdom. The commercial court awarded…

Read More $9bn UK Judgment: FG to prosecute those involved in the contract
Economy

Why we restrict movement at Seme border —Customs

Iheanyi Ejiofor August 22, 2019 No Comments

Many travellers and vehicles were stranded for hours on Thursday at Seme border post following restriction of movement around the country’s frontier with Benin Republic. A News Agency of Nigeria Correspondent who…

Read More Why we restrict movement at Seme border —Customs

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