Nigeria’s 2017 budget, signed into law by the acting president a month ago, has still not been finalised and is being amended due to disagreements between parliament and the presidency, two sources familiar with the matter said. Any delays to government spending could hobble recovery in Africa’s largest economy, now in its second year of
Nigeria’s telecoms regulator will check the financial health of other operators after Etisalat Nigeria defaulted on a $1.2 billion loan, a spokesman said. “We need to check the books to detect failings on time,” he told Reuters by phone, adding that the law setting up the Nigerian Communications Commission (NCC) empowers it to conduct such
Etisalat Nigeria’s rescue has put the country’s banks in a quandary as they prepare for half-year results due this month as they do not know whether to provision for loans to the company until they can work out its value. A banking source told Reuters that the lenders first wanted to determine Etisalat Nigeria’s free
The U.S. Justice Department on Friday filed a civil complaint seeking to recover about $144 million in assets obtained through paying bribes to a former Nigerian oil minister, the department said in a statement. The complaint said that from 2011 to 2015 two Nigerian businessmen conspired with others to pay bribes to the minister, Diezani
Lagos, Nigeria is home to most of the multi-national companies in Nigeria. With the capability of combining the economic power of more than three states in the country, Lagos is still home to thousands of homeless and unemployed youths. What is the problem? Most of these youths are uneducated and were not motivated by either
The Joint Admissions and Matriculation Board, JAMB, has released the results of the 2017 university admission supplementary examination that held on July 1. An official told PREMIUM TIMES the results were released Friday. The follow-up Unified Tertiary Matriculation Examination was to allow candidates who registered late for the first exams, and those will related challenges,
IT was all about women’s affair and it was the maiden edition of Eventful’s new initiative, The Beauty Souk. The beauty fair ended up as a huge platform for interaction and collaboration between pioneer and young beauty and make up entrepreneurs in Nigeria’s beauty industry. The Beauty Souk, which held courtesy of Diamond Bank, took place recently in Lagos.