Ecobank gets AfDB trade finance support

The African Development Bank (AfDB) has approved a $310 million trade finance loan for Ecobank Transnational Incorporated, parent company of the Ecobank Group. AfDB said that the facility would provide critical trade finance funding to […]

Facebook pays more UK tax after outcry

Facebook paid £4.17 million ($5.18 million, 4.63 million euros) in British corporation tax last year, up from just £4,327 in 2014, accounts showed Sunday. The sharp increase reflects how the US technology giant has changed […]

How to be a higher performer

No matter how we look at it a recession is a problem of productivity. There are many causes of economic recession. But each of these causes relates to or results in a loss in productivity. […]

Multinationals must pay fair tax, says Adeosun

The Minister of Finance, Mrs Kemi Adeosun, on Friday called on G-24 countries to back Nigeria’s agitation for multinational corporations to pay fair share of taxes in the country. Adeosun made the call while briefing […]

Stock market indices record 0.08% growth

Market indicators of the Nigerian Stock Exchange (NSE) on Thursday rebounded by 0.08 per cent, reversing the two-day downward trend. The News Agency of Nigeria (NAN) reports that the index improved by 22.50 points or […]

Naira stays firm against dollar

The Naira on Wednesday appreciated against the dollar in all the segments of the foreign exchange market, the News Agency of Nigeria (NAN) reports. The currency gained 9.97 points to exchange at N310.24 from N320.21 […]

General Electric to invest N46bn in Nigeria

A United States’ industrial firm, General Electric, on Monday announced its plans to invest about $150m (N45.8bn) in Nigeria by 2017. “There are development projects where we are investing,” the Chief Executive Officer, General Electric […]

Recession: EU advises Nigeria to devalue Naira

European Union (EU) official Fillippo Amato has advised the Federal Government to devalue the Naira as part of measures to tackle the economic recession. Amato, Counsellor, Head of Trade and Economics Section of EU, made […]

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