Existing only as a remote area, a space more or less a vast bush path on the other side of the old Abule Egba town, up until the 80s; what is...
The Federal Inland Revenue Service (FIRS), on Thursday said it had given tax defaulters a 30-day window to regularise their tax status. It added that failure...
The Nigeria Employers’ Consultative Association (NECA) has warned against the implementation of the 7.2 per cent Value Added Tax (VAT) approved by the Federal Executive Council,...
The Federal Government Wednesday proposed an increment of the Valued Added Tax. The increment will see the VAT rising from 5% to 7.2%. The Minister of...
Reviewing the 2020-2022 Medium-Term Expenditure Framework, as presented by the Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, a couple of global predictions by...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the Federal Government had plans to spend about N9.78 trillion in the 2020...
There were indications that investors in the nation’s stock market entertained serious panic over the last few days, as there was a selling spree ostensibly due...
Nearly six of ten computer accessories in a typical Nigeria retail store is a fake product. The American financial and business news portal, Business Insider, confirmed this in a report stating that 20 out of...
The Minister of Finance, Budget and National Planning; Zainab Ahmed, on Tuesday presented the 2020-2022 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper, hinting that inflation...
The National Insurance Commission (NAICOM) on Monday said it had granted approval in principle (AiP) to two Takaful insurance firms. The companies are: Cornerstone Takaful Insurance...
Due to the Central Bank of Nigeria (CBN) policy that mandated banks to give out at least 60 per cent of their deposits as loans or...
With existing policy inaccuracies, it may seem rather difficult to subdue current economic challenges anytime soon. Unfortunately, updates on the state of the economy aren’t encouraging enough...
Hello and welcome, here. It’s another edition of Business Wrap, a featured post highlighting some of the major events that unfolded during the week ended 7th...
Cote d’Ivoire would support the candidacy of the President, African Development Bank (AfDB) Group, Akinwumi Adesina, for a second term at the helm of the development...
The Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Mr Elias Mbam, has said the Federal Inland Revenue Service contributed 59.7 per cent of...
The Minister of Aviation, Hadi Sirika has said that the Federal Government remains committed to the establishment of a national carrier for the country, alongside provision...
Government of Nigeria has approved the request for the construction of a new International Airport in Ebonyi State, following a request by Governor David Umahi. The...
That the current state of electricity supply in the country is a major killjoy for businesses is not, in anyway, an overstatement. Year on year, after a struggle to...
The Nigerian National Petroleum Corporation (NNPC) says it would grow the domestic gas use in-country to five billion cubic feet of gas per day, from its...
The African Export-Import Bank (Afreximbank) says it will allocate 500 million dollars from its Nigeria-Africa Trade and Investment Promotion Fund to support Nigerian manufacturers. According to...
Billionaire businessman and former Minister of Defence, Lt. Gen. Theophilus Danjuma (retd.), has said it was his idea that brought about the gas project which led...
The Nigerian National Petroleum Corporation (NNPC) has said it recorded a total of 45,347 pipeline breaks on its downstream pipeline network between 2001 and half year...
Transmission Company of Nigeria (TCN) on Wednesday issued a notice of intent to terminate the operations of Kano Electricity Distribution Company (KEDCO) TCN explained that the...
Data obtained from the Debt Management Office has revealed that the World Bank and the Exim Bank of China are Nigeria’s largest creditors with a combined...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has revealed plans by the Federal Government to set up a multi-donor trust fund after...
A time like this is when population strength becomes an advantage. But how often does the government play this card to its favour. It is not enough to send...
South African telecommunications company, MTN has announced the closure of all its service shops in Nigeria. The telecoms company in a message sent to its subscribers...
Nigeria’s Gross Domestic Product (GDP) declined by 0.16 per cent in the second quarter of 2019, the National Bureau of Statistics (NBS) said on Tuesday. The...
Three South African companies – MTN Nigeria, MultiChoice and Shoprite – on Tuesday condemned the attacks of foreign nationals in South Africa. The firms said that...
The Nigerian National Petroleum Corporation (NNPC) on Monday said the bad conditions of the nation’s refineries would make crude-for-fuel swap deal persist. Group Managing Director (GMD)...
Nigeria might be facing another financial crisis as a result of government failing revenues, BudgIT, has warned. In an analysis of the federal government 2018 budget...
The Nigerian Stock Exchange (NSE) began the new month on a positive note, as investors gained N19bn. Trading activities resumed the week with bargain hunting in...
Governor Nyesom Wike of Rivers State has revealed the involvement of security agencies in oil theft in the Niger Delta region of Nigeria. The governor called...
A former governor of Cross River State, Mr. Donald Duke, says he is exploring out-of-court settlement with the Asset Management Corporation of Nigeria in respect of...
For whatever reason President Muhammadu Buhari had chosen a new Minister of Agriculture and Rural Development, the new replacement for Audu Ogbeh must sit up to embrace the responsibilities that are orchestrated by such position. With food security,...
Nigeria lost about N8.93 billion to cyber criminals representing 59 percent of funds stolen through internet and technology based crimes in 2018 alone. This was revealed...
Welcome to another edition of our Business Wrap.This is a featured post highlighting some of the major events that unfolded during the week ended 31th of August, 2019. Headlines:...
Nigeria, as Africa’s leading economy has everything it takes for businesses to thrive, and for the country to join the comity of developed nations. This was...
The University of Nigeria Nsukka (UNN) has taken a giant first leap in Nigeria, to produce electric cars. PATRICK EGWU visited the school to uncover this...
The Federal High Court in Abuja has granted an application by the Asset Management Corporation of Nigeria (AMCON) to take over the assets of the Chairman...
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has announced its mid-year audited results for the period ended June 30, 2019. The Group...
Japan and South Korea are showing no signs of resolving an escalating trade dispute, which traces back to 1910. It now poses a threat to the...
The Central Bank of Nigeria (CBN) has directed Nigerians to deposit overused or mutilated Naira notes in any bank branch closer to them, on or before...
AFC approves $230 million loan for 9mobile – NEWS From Etisalat to 9mobile – the story in between Company’s debt history What’s the future? Technically, the...
The reconstruction of portions of the Lagos-Ibadan Expressway stretching from the end of Berger Bus Stop to Kara Cattle Market, would be completed by the second...
The National Sugar Development Council has said a reduction in importation of sugar and an increase in local production would save the country $56milliob in foreign...
Minister of Communication, Isa Ali-Pantami, has asked the Management of Nigerian Communications Commission (NCC) to investigate complaints by Nigerians about illegal data deduction by telecom service...
Amazon founder, Jeff Bezos, is enmeshed in a new surveillance scandal as The Washington Post, a newspaper he owns, reveals secret arrangement between his newly acquired...
The Federal Government has taken possession of an $8.5 million caliberation aircraft for the caliberation of navigational aids at Nigerian airports. The aircraft was delivered on...
Prices of locally processed rice will now sell between N13,300 and N14,000 as the Rice Processors Association of Nigeria (RIPAN) Thursday said the association had agreed...
