Business

The Federal Government has flagged-off its roads for tax-refund initiative with Dangote Construction handling a 16-kilometre Ofeme Community road network in Ohuhu in Umuahia North local Government, Abia State. The community road…

The Federation Account Allocation Committee (FAAC), disbursed the sum of N270.17 billion to the Federal Government in January, 2019, the National Bureau of Statistics (NBS) has disclosed. The NBS said this in FAAC January, 2019…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members nationwide to reduce petroleum pump price from N145 per litre to N140. Chinedu Okworonkwo, national president of the association, made…

Analysts at Coronation Research have a GDP growth forecast of 2.25% y/y for the twelve months ending December 2019. The analysts made this known in their report issued following the release of  Q4 2018 GDP numbers by the National…

The concessionaire of the Warri Port Terminal B, Ocean and Cargo Terminal Services Limited, has taken possession of the terminal after the formal handing over by both the Nigerian Ports Authority (NPA) and Bureau of Public…

Kasapreko Limited, a Ghanaian company, says it sold 13.9 million bottles of Alomo Bitters, a herbal alcoholic drink, in Nigeria in 2018. John Adesoye, the Nigerian sales representative, told NAN on Friday in Lagos that 580,000…

Amazon.com said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive, in the e-commerce giant’s biggest bet on technologies with potential to reshape the automotive sector. …

Mr Babatunde Fowler Executive Chairman of Federal Inland Revenue Service (FIRS) The Federal Inland Revenue Service (FIRS) has written to banks, directing them to lift the lien on tax defaulters’ bank accounts for 30 days. The…

The National Bureau of Statistics on Friday released the Consumer Price Index which measures inflation. The index dropped to 11.37 per cent in January 2019. The bureau in the report said the 11.37 per cent inflation rate for…

The National Bureau of Statistics (NBS) said the total value of capital importation into Nigeria stood at 16.81 billion dollars in 2018 compared to 12.22 billion dollars capital imported in 2017. The bureau said the figures…

Udoma Udo Udoma, the minister of budget and national planning says the economy is not at its strongest since it exited recession. In a statement signed by James Akpandem, his special adviser, Udoma said he is encouraged by the…

The federal government has asked power generation companies (GenCos) to find eligible customers for its product as the payment for shortfalls might end soon. Speaking at a workshop on eligible customer regulation in Abuja on…

The National Bureau of Statistics on Wednesday released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period. The bureau in the report stated that the investment…

Exactly seven months after the Minister of State for Petroleum, Dr. Ibe Kachikwu, directed the Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) to commence the tendering…

The domestic equities market of the Nigerian Stock Exchange maintained its bullish performance on the back of sustained buying interest in DANGCEM (+2.3%), NESTLE (+6.0%) and SEPLAT (+6.1%) as market capitalisation increased by…

The nation’s gross domestic product (GDP) grew by 1.93% in 2018, data made available by the National Bureau of Statistics has shown. According to the report, which was released by the bureau on Tuesday, the fourth quarter GDP…

Mr Paul Arinze, an official of Mobil Producing Nigeria Unlimited, on Monday, asked a National Industrial Court in Lagos, to suspend a “Special Review Audit” that is probing the affairs of the Public and Government Affairs…

With hopes of higher loan values, many beneficiaries of the TraderMoni N10,000 loan have completed their repayments just as many others have started the repayment process. Access to Capital is one of the major challenges Micro,…

Managing Director of the Nigerian Ports Authority, NPA, Hadiza Bala Usman recently visited the corportae headquarters of Vanguard Media Ltd. publishers of Vanguard Newspaper. She spoke on the problematic Apapa traffic, why the…

Majority shareholders of Forte Oil PLC have approved plans by Nigerian oil mogul, Mr Femi Otedola, to acquire the power subsidiary of the company At an Extraordinary General Meeting (EGM) of the company held in Lagos,…

A Federal High Court in Abuja has warned the Central Bank of Nigeria (CBN), the Nigerian Telecommunication Commission (NCC) and others involved in the transaction for the sale of troubled telecom firm Etisalat (9mobile) against…

Tradermoni, one of the most recent initiatives of the Federal Government geared towards tackling poverty in the land has been applauded by a professor of economics and founder of the Centre for Values in Leadership, Prof. Pat…

•Bank chief allegedly blew amount on Alamieyeseigha, Aso Villa, others •Offers to refund N15b in one month A former Chairman of the liquidated Skye Bank, Mr. Tunde Ayeni, is back in the custody of the Economic and Financial…

Nigeria and other African countries will soon heave a sigh of relief from the sloppy economic situation occasioned by price instability with the imminent completion of the Dangote Refinery and other modular refineries in Nigeria,…