Business

The latest report released by the National Bureau of Statistics (NBS) shows that Nigeria generated N311.94 billion revenue from Value-Added Tax (VAT) in the second quarter (Q2) of 2019.  …

…stops credit payments for imports......Banks notify customersThe Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) in the country to stop the processing of milk and its related products on “Bills…

NIGERIA and other African countries are targeting Value Added Tax (VAT) revenue from the over $1trillion infrastructure investment coming into the continent Executive Secretary of the…

Apple has had its market value reduced by $44 billion following the continued trade war between the United States of America and China. The President of the United States of America, Donald…

The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks. Addressing journalists after…

Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve…

The Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both domestic and international, from January 2020.The chairman of FIRS, Tunde Fowler, disclosed…

Kenya has joined the league of crude oil exporters in Africa. President Uhuru Kenyatta flagged off the maiden oil shipment today at a ceremony in the port of Mombasa, with a warning…

Efforts by the new Board and Management of Emerging Markets Telecommunication Services Limited (EMTS), trading as 9mobile, to reposition the company have started yielding positive…

One of the many problems bedeviling Nigeria is that of the housing shortage. In 2017, the Bureau of Public Service Reform (BPSR) warned that Nigeria was facing a housing deficit crisis…

The Central Bank of Nigeria (CBN) has disclosed that the policy to stop Foreign Exchange (Forex) for the importation of food into the country has since commenced. This is contrary to widespread speculation in the…

Although Femi Otedola’s decision to divest his shares in Forte Oil came as a surprise to many Nigerians, it was more surprising that it was acquired by Nigerian company, Prudent Energy…

Nigerian business magnate, Aliko Dangote, makes about N2.47 billion from cement sales every day. This is according to the Group Managing Director of Dangote Cement Plc, Joseph…

.......Opposes FG’s plan to sell 40% stake in Discos Onyebuchi Ezigbo in Abuja  Nigeria Labour Congress (NLC) has rejected the upward review of electricity tariffs being charged by distribution companies (Discos)…

As the federal government tries to wriggle its way out of the failed gas project proposed to be executed by an Irish-owned firm, Process and Industrial Developments (P&ID) Limited, that has plunged the country into…

The Federal Government has lauded Nigerians living in the diaspora for the $25 billion it sent to the country in 2018, saying it represents 83 percent of the national budget.Secretary to Government of the Federation,…

US President Donald Trump has announced additional tariffs on $250 billion in Chinese goods, jacking up existing 25 percent duties to 30 percent. Another $300 billion in goods due to…

The Nigerian automotive sector was yet to recover from the defusal to assent to the Auto Policy Bill by President Muhammadu Buhari as news filtered in about plans by China to export used vehicles to African countries,…

Commercial banks are positioning themselves to attract more customers in the small business segment of the market as the deadline given by the Central Bank of Nigeria (CBN) for the financial institutions to maintain…

A Federal High Court in Ikoyi, Lagos, Southwest Nigeria has endorsed terms of settlement filed before it by Asset Management Corporation of Nigeria (AMCON) and the son of Moshood Abiola,…

Jumia is currently involved in some issues which arethreatening its corporate existence. The company is facing class-action lawsuits in the United States as a member of its staff…

The truth dawned on perennial Presidential aspirant, Donald Duke, in a moment of profound terror. He finally understands that status and affluence are ephemeral like the early dew before…

HEAVY fines await banks processing transactions for North Korea and Iran, Adjunct Senior Fellow, Energy, Economics and Security, Centre for a New America Security (CNAS), Peter Harrell,…

A Federal High Court in Lagos on Wednesday restrained three Indians from taking over three firms – Bolawole Enterprises Nigeria Ltd, Lesag Nigeria Ltd and Intermanagement Nigeria Ltd,…