The National Bureau of Statistics (NBS) has said that Value Added Tax (VAT) increased by N41.7 billion in Quarter One of 2021. VAT increased by N41.7...
The presidency says the portal for the 4th National Micro Small and Medium Enterprises (MSMEs) Award will open from May 10. Tola Johnson, Special Assistant to...
The Arole Oduduwa and Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi Ojaja II, has urged Nigerians to patronise locally made products, stating that such gesture is...
The federal government is targeting about eleven point five million litres of petrol from the Port Harcourt Refinery at the completion of the first phase of...
Nigeria’s currency on Wednesday strengthened marginally against the dollar by 0.12 percent at the official foreign exchange market. The gain occurred as foreign exchange daily turnover rose significantly...
The Lagos State Government says it supported a total of 1,835 businesses affected by the EndSARS protest mayhem with the sum of N939.98 million. The Commissioner...
Edo State Internal Revenue Service (EIRS) says it is ready to embark on a name and shame campaign of defaulting taxpayers in its renewed drive to...
FIRST Bank of Nigeria (FBN) customers were caught in panic withdrawals in Abuja, following the Central Bank of Nigeria (CBN)’s board shake-up and damning verdict on...
Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), has announced four Deputy Directors-General. The appointees are Angela Ellard of the United States, Anabel González of...
The Governance or Otherwise of Cryptocurrency in the Sales of Goods Act, 1893 BY A.I. FOWOWE* INTRODUCTION The significant evolvement of the world has not been...
The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained...
What profitable opportunities do investors see in a problem market? Due to COVID-19, the US government has closed most businesses. People work from home, communicating only...
Nigeria’s Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first...
In a clear demonstration of its resilience, Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2021, with Profit After...
The Central Bank of Nigeria (CBN) has turned down First Bank of Nigeria’s (FBN’s) loan restructuring for Honeywell Flour Mills and subsequently directed the bank to...
The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the...
The Central Bank of Nigeria (CBN) has queried the Board of Directors, First Bank of Nigeria Limited for appointing a new Managing Director/Chief Executive Officer, removing...
Owning a car is one of the exciting moments in a person’s life because you no longer have to struggle with public transportation and life is...
The Economic and Financial Crimes Commission (EFCC) said it is alarmed at the rate investment scams were thriving in the country. The Anti-graft body claims the...
Nigeria’s naira gained against the U.S. dollar at the unofficial market on Thursday. The data posted by Abokifx showed that the naira closed at N485.00 at...
Amazon has concluded plans to open its African headquarters in South Africa with a real estate investment of over R4 billion. Authorities in Cape Town said...
The Federal Government has explained why it limited the loan amount for the current beneficiaries of the N75 billion Nigeria Youth Investment Fund (NYIF) to N300,000....
Prices of cement have increased by 67 per cent in the South-East states of Abia, Anambra, Ebonyi, Enugu and Imo, the News Agency of Nigeria (NAN)...
It was mixed fortunes for Nigerian states, as 18 states out of 36 including federal capital territory recorded negative Internal Generated Revenue (IGR) in 2020. This...
The National Bureau of Statistics (NBS) at the weekend announced that the 36 States of the Federation and the Federal Capital Territory (FCT) Internally Generated Revenue...
Nigeria is the number one importer of commercial services in Africa in 2020, data released by World Trade Organisation showed on Friday. The Geneva-based international trade...
Persianas, the owners of Palms Shopping Mall, have reportedly acquired Shoprite as the South African company continues the process to leave Nigeria. There have been talks...
Nigeria’s inflation rate for the month of March 2020, rose to 18.17% from 17.33% recorded in February 2021. This is according to the Consumer Price Index...
Dangote Group says its cement is cheaper in Nigeria than in Ghana and that it is losing dollar earnings focusing on the Nigerian market. “To ensure...
The management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and plants across Nigeria (as of 12th...
In October 2006, George Marks, the then Managing Director of Julius Berger, described the mega stations it constructed with the NNPC as ‘technological wonders.’ Fifteen years...
The Dangote Cement Group sells its product in Southern African country, Zambia, for at most 110 Kwacha, which equals about N1 800 in Nigeria, while the...
Naira closed the week stronger to the dollar after four days of trading at the I&E window of the foreign exchange market. Naira had opened the...
The Central Bank of Nigeria, CBN, has insisted that Nigeria can’t stop borrowing, mainly when it’s necessary. Mr Godwin Emefiele, the CBN Governor, disclosed this in...
Wife of the President Mrs Aisha Muhammadu Buhari Thursday realised N155 million at the public presentation of a book titled, “Aisha Buhari: Being Different. The book, written by the Senior...
The Lagos State Government on Friday said residents of the state consume 1.8 million heads of cattle annually. This is according to the Commissioner for Agriculture,...
The Dangote Cement Group sells its product in Southern African country, Zambia, for at most 110 Kwacha which equals to about N1, 800 in Nigeria, while...
When Nigeria’s President Muhammadu Buhari backed the Petroleum Product Pricing Regulatory Agency, to perform its statutory duty of regulating the price of gasoline using market parameters,...
Shoprite Holdings has finalised plans to sell its Nigerian subsidiary, Retail Supermarkets Nigeria Limited, under which Shoprite Nigeria operates. The winding-up of the company’s operations is...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The Ghanaian cedi has emerged as the best currency in Africa for the first quarter of 2021, according to data from Databank Research. Ghana ended the...
The National Leader of the All Progressives Congress, Bola Tinubu, has said the Nigerian economy under President Muhammadu Buhari remains weak with high unemployment. He noted...
Nigerian food vlogger, Sisi Jemimah, has dropped a new video on how to make or prepare the Best Nigerian Beef Suya and Suya Spices Recipe. In...
According to the Labour Statistics Report released by the National Bureau of Statistics (NBS) on Monday, Nigeria’s unemployment rate increased to 33.3℅ in the fourth quarter...
NIGERIA’S inflation rate rose to 17.33 per cent in February from 16.47 per cent recorded in January, representing the highest point since April 2017. According to...
Petrol pricing will be fully deregulated before end of this year, Minister of State (Petroleum) Timipre Sylva said yesterday. He spoke amid controversy over whether a...
Bankers have come under the searchlight of Economic and Financial Crimes Commission (EFCC) in the anti-graft agency’s new focus on infractions. More attention will also be...
Gov. Nyesom Wike of Rivers has urged the Central Bank of Nigeria (CBN) to extend its agriculture development loan schemes to the state. Wike made the...
Nigeria, Africa’s largest economy, has been ranked third on a list of countries with the highest unemployment rate globally. The country’s unemployment rate hit a new...
NIRSAL Microfinance Bank (NFMFB), owned by the Central Bank of Nigeria (CBN) and Bankers’ Committee, has raised the alarm over some unethical practices by individuals disguising...