Finance articles

Inflation rate drops for sixth consecutive time to 16.05%, Says Bureau if Statistivs

Inflation rate drops for sixth consecutive time to 16.05%, Says Bureau if Statistivs

The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July. The bureau in the report said this is the sixth consecutive time that the index would be dropping since January

Pension Fund Hits N6.5trn

The nation’s pension funds, under the Contributory Pension Scheme (CPS), grew to about N6.5 trillion as at the end of July 2017, even as the number of pension contributors rose significantly to 7. 6 million. As at the end of July 2017, the fund increased to about N6.5 trillion from N6.4 trillion it stood at

British American Tobacco Nigeria Responds to Allegations on Senate Committee Order to Arrest CEO

British American Tobacco Nigeria has officially reacted to the Senate Joint Committee on Customs, Excise and Tariff and Marine Transport’s order to arrest its CEO over the progressing probe of national income loss portrayed against companies who were allegedly involved in the N30 trillion-revenue loss in the maritime sector. The joint committee had earlier summoned

Acceptance speech by Mrs Funmi Babington-Ashaye at her investiture as President of Chartered Insurance Institute

ACCEPTANCE SPEECH by Mrs. Funmi Babington-Ashaye on her INVESTITURE as the 48th President & Chairman of Council of The Chartered Insurance Institute of Nigeria at the Intercontinental Hotel, Plot 52, Kofo Abayomi Street, Victoria Island on Tuesday, July 25, 2017. PREAMBLE 1. It is with a great sense of humility and responsibility that I stand before this distinguished audience this evening to share the joy of my election and investiture as the 48th President, and 6th Female President, of the Chartered Insurance Institute of Nigeria (CIIN)with you

NaijaBet opens betting on Buhari’s return

Nigeria’s ailing President Muhammadu Buhari who has been away in London for almost three months has become the subject of a sports betting game in his homeland. A popular sports gaming site,, is asking those interested to stake their money on when Buhari who left Nigeria on May 7 on his latest medical trip

More than half of Nigeria’s VAT comes from Lagos, says Kemi Adeosun

Nigeria’s minister of finance Mrs. Kemi Adeosun has hinted that more than half of Nigeria’s value added tax (VAT) comes alone from the nation’s commercial nerve centre, Lagos state. Speaking at the parley between the federal government and progressive governors forum (PGF) in Abuja on Tuesday, Adeosun said the 87 percent of Nigeria’s VAT is