Dangote has invested more in Nigerian universities than any individual – FG

The Federal Government has revealed that the N1.2 billion hostel donated by the Aliko Dangote Foundation to Ahmadu Bello University, Zaria is the single largest donation by an individual in the history of universities in Nigeria. Abubakar Adamu Rasheed, executive secretary, National Universities Commission (NUC). Click here for more.

FG extends 50% discount on business registration by three months

The Federal Government on Monday extended by three months the 50 per cent discount it offered operators of Micro, Small and Medium Enterprises to register their company names. Vice-President Yemi Osinbajo announced this during the first quarter MSMEs stakeholders’ meeting, which was held at the Presidential Villa, Abuja. Click here for more.

LGs can’t withdraw more than N.5m cash daily from June – NFIU

The Nigeria Financial Intelligence Unit has vowed sanctions for any commercial bank which allowed transactions from any local government account without monies first reaching the LG account. Click here for more.

Taxpayers to hit 45 million as JTB finalises database programme

The Joint Tax Board on Monday said the number of taxpayers in the country would soon hit 45 million. The Executive Secretary, JTB, Mr Oseni Elamah, disclosed this while presenting a report on the new Taxpayer Identification Number Registration System to the Executive Chairman of the Federal Inland Revenue Service, Mr Tunde Fowler. Click here for more.

NSEASI Dips By -0.05% To Open The Week Negative Amid Flat Market Breadth

Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.05% to close at 29,196.87 points as against 0.04% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -7.11%. Click here for more.

Nigeria’s Rising Debt Servicing Cost Unsettles Investors

The cost of servicing government debt in Nigeria is dampening foreign investors appetite to inject capital into the country. Financial Times reported on Monday that many of them continued to be willing lenders, despite the signs that their money might not always have been put to the most productive use. Click here for more.

Creative industry to access up to N500m loans  – CBN

The Central Bank of Nigeria in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative. Click here for more.

Finally, SEC receives MTN application to list shares on nation’s bourse

South African telecommunications firm, MTN, yesterday moved closer to the planned listing of its shares on the Nigerian Stock Exchange (NSE), by formally submitting an application to that effect with the Securities and Exchange Commission (SEC). Click here for more.

Nigerian Airports Record 3.5m Passengers, 54,000 Aircraft Movements In Q1

According to FAAN’s First Quarter Report obtained by the News Agency of Nigeria (NAN), the figure represents an increase of 76,397 passengers or 2.23 per cent growth compared to the 3.43 million passengers recorded in the first quarter of 2018. Click here for more.

The crowding out effects of rising States’ debt: Why Nigerians should worry

The impact of Government’s debts size on a country’s economic growth has been widely debated, thereby generating rows among economists and policymakers. Note that the Government incurs a budget deficit when its total outlays exceed the total revenues.  Click here for more.