South African President Jacob Zuma sacked a vocal critic from his cabinet on Tuesday, a move expected to further deepen tensions as an elective conference to the ruling ANC draws near. In his second reshuffle this year, Zuma dropped Higher Education minister Blade Nzimande,…
Nigeria’s former finance minister, Ngozi Okonjo Iweala, believes the absence of anti-corruption institutions and systems and reliance on cash are the main reasons corruption in rampant in Nigeria and other corruption-infested nations. Speaking at an International Monetary Fund, IMF, panel…
Nigerian inflation rate decreased to 15.98 percent from 16.01 percent in August, the National Bureau of Statistics said. In the report released on Tuesday in Abuja, the bureau explained that the drop in Nigeria’s rate of inflation in September was…
The Nigeria Immigration Service (NIS) has said that there was no policy for issuance of visa on arrival Africans visiting the country. One of the benefits of the Federal Government’s Ease of Doing Business initiative is an issuance of visa…
Aiteo Group has appointed Mr. Bruce Burrows as its global group chief financial officer. The appointment will take effect from 18th November, 2017. A statement by the company said that he would report to the executive vice-chairman, Global Group, Aiteo.…
The Board of Directors of Guaranty Trust Bank Plc (GTB) has appointed Mrs. Victoria Osondu Adefala as an independent non-executive director. The appointment has been approved by the Central Bank of Nigeria (CBN). Adefala is a professional with over 24…
Federal government may soon stop sending of vital bank details via short message services (SMS) in Nigeria because of its associated risks. The Nigerian Communications Commission (NCC) has said it was already engaging with the Central Bank of Nigeria (CBN)…
Vice President Yemi Osinbajo on Sunday maintained that the Nigerian National Petroleum Corporation (NNPC) did not award $25b contracts. In a letter to President Muhammadu Buhari, Minister of State for Petroleum Resources Ibe Kachikwu made the allegations, stressing that the…
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices there. Brent crude futures, the international…
Abebe Selassie, director of the African Department (AFR) at the International Monetary Fund (IMF), says Nigeria needs to change its tax policies to increase revenue mobilisation.
