The Bank of England on Tuesday said retail lenders need combined capital reserves of £11.4 billion ($14.5 billion, 12.9 billion euros) by the end of next year as UK household indebtedness surges.
Dollar gives up gains as eyes turn to Fed's Yellen
The dollar swung in Asian trade on Tuesday after a top Federal Reserve official indicated it would hike interest rates further this year, while traders await a speech from their boss Janet Yellen.
Recession is tough, but full of opportunities, say CEOs
The ongoing recession forecast to end in third quarter has been adjudged a morale booster for innovation, which has led many corporate organisations to profitability...
BPE gives 60 days lifeline for commodity change
The Director-General the Bureau of Public Enterprises (BPE), Alex A. Okoh has given Lead Capital Consortium G60 calendar day deadline at the kick-off meeting of the advisory services transaction to conclude the strategic ...
OIRS shuts business outfits in Osun
Osun State Internal Revenue Service, (OIRS) has sealed up business premises that have failed to remit taxes to the government.
Tap local resources to end recession, NIPC urges investors
The Nigerian Investment Promotion Commission (NIPC), has charged wealthy Nigerians to tap into the resources available in the country to end the economic recession.
Bayelsa seals NDDC’s office in Yenagoa over N336m tax liability
The Director of Compliance, Mr Robert Lokoson, who led the enforcement team, said the state government took the steps following fruitless efforts made to recover the outstanding tax deducted from workers’ salaries since 2014.
NICON Insurance hands over N13b assets to PTAD
About 28 landed properties valued at N13 billion have been handed over to the Pension Transitional Arrangement Directorate (PTAD), as a Pension Legacy Funds domiciled with the company by the NICON Insurance Limited.
Nigeria positions N100b sukuk as gateway for investors
The Securities and Exchange Commission (SEC), on Tuesday, announced that the proposed issuance of Nigeria’s N100billion, 7-year Sukuk, would not only facilitate the mobilisation and allocation of funds within the economy...