Business

The Federal Government has reconstituted the National Council on Privatisation (NCP) after two years since its assumption of power.
The Acting President, Professor Yemi Osinbajo, who chairs the NCP noted that the council had handled the privatisation and reformation of 142 public

There are strong indications that the consortium of banks being owed N541 billion by Etisalat Nigeria has no intention of taking over ownership of the telecoms network.
Bloomberg had reported on June 20, 2017 that Etisalat Group, the parent company of Etisalat Nigeria announced a filing to Abu Dhabi Securities

Etisalat has repaid 42 percent of the debt owed Nigerian banks and is not owing the humongous $1.2bn, as being reported in the media.
The clarification was made by the troubled telecommunications company today.
“As at today, we can categorically state that the outstanding loan sum to the consortium(of banks)

The Osun State Government has explained why it shut down some commercial banks, private higher-institutions of learning and other organizations in the state.

The Osun State Government on Thursday sealed off two new generational banks, WEMA and Unity Banks, over refusal to pay taxes and other levies due to the State.

The Nigerian economy is said to be emerging out of recession even if it at a slow progressive pace. Growth has continued in agriculture and a notable positive turnaround has now been recorded in manufacturing and non-oil sectors, while a slow down in negative growth rates is noticed in