.To commence warning strike

National Insurance Commission (NAICOM) staff are currently protesting in Abuja.

The workers are calling for the removal of the Commissioner for Insurance, Alhaji Mohammed Kari.

The International Monetary Fund (IMF) has asked Nigeria government to implement a reform to phase out tax holidays and increase taxes imposed on tobacco and alcohol.

The IMF resident representative in Nigeria, Mr Amine Mati, said this at a forum in Lagos at the weekend.

Following threat by Intels Nigeria Limited to fight the recent termination of its boats pilotage monitoring and supervision agreement, the Nigerian Ports Authority (NPA) has said that it has not run foul of any extant law of the land in the termination of the agreement.

By Reuters

A rainbow is seen over a pumpjack during sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann
By Karolin Schaps

The Federal Government has secured an interim forfeiture order from Federal High Court which would now allow it to freeze the accounts of bank customers in Nigeria who have no Bank Verification Number, BVN.

The shareholders of International Breweries Plc, Intafact Beverages Limited and PabodBreweries Limited have approved resolutions authorizing the merger of the three companies.

The Nigerian Stock Exchange, NSE, on Wednesday announced the suspension of trading on shares belonging to Oando Plc, explaining that the action was based on the directive of the Securities Exchange Commission, SEC.

Workers of the National Emergency Management Agency (NEMA) have been directed to commence a nationwide indefinite industrial action from Thursday.

Nigeria’s annual inflation rate marginally slowed for an eighth month in September, easing to 15.98 percent, the National Bureau of Statistics (NBS) said on Tuesday in its latest publication of the Consumer Price Index.

United Bank for Africa Plc on Monday, October 16 joined the league of banks recording impressive financials with its financial report for the nine months (Q3) ended September 30, 2017 looking good.