Business

Anambra State Governor, Professor Chukwuma Soludo has advised Anambra indigenes resident in Lagos to return home and invest in their own interest, saying that the state is ready for business. Addressing them during a town hall meeting in Lagos, the governor reminded them that God did not make a mistake...

The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for June 2023; chaired...

The Dangote Coal Mines Limited has donated multi-million naira health and educational facilities to the coal mining communities of Ankpa, Kogi State. The newly launched facilities are located in the host communities of Awo Akpali and Awo Ojuwo, General Manager, Special Duties, Mr. Nuhu Elujah said. Fielding questions from newsmen,...

The Debt Management Office (DMO) has issued a warning to the Federal Government (FG) against additional borrowing, citing that 73.5% of this year’s revenue will be used to service debt. According to the DMO, this high Debt Service-to-Revenue ratio is unsustainable and poses a threat to debt sustainability. The DMO...

The National Bureau of Statistics (NBS) says the number of Electricity Distribution Companies (DisCos) customers in Nigeria increased from 11.06 million in Q4 2022 to 11.27 million in Q1 2023. According to the NBS Nigeria Electricity Report for Q1 2023 released in Abuja on Wednesday, the figure showed an increase...

The African Export-Import Bank (Afreximbank) in collaboration with the African Continental Free Trade Agreement (AfCFTA) inaugurated the Africa Trade Gateway (ATG). A statement issued by BrandComms Agency in Abuja on Wednesday said the ATG was inaugurated on the sidelines of the ongoing 30th Afreximbank Annual Meetings in Accra. The statement...

The Naira on Wednesday depreciated against the dollar at the investors and exporters window, exchanging at N763.17. The Naira depreciated by 0.87 per cent when compared with N756.61 for which it exchanged for the dollar on Tuesday. The open indicative rate closed at N741.21 to the dollar on Wednesday. An...

L-R: Managing Director TAJBank, Hamid Joda, Influencer, Hauwa Jalilah, TAJBank Ambassador, Hajia Saratu Gidado, and  Executive Director, Sherif Idi during the Launching of the Bank’s ‘TAJWAY’ app in Abuja TAJBank, Nigeria’s leading non-interest bank, has inaugurated a new digital banking app – TAJWAY. According to a statement by TAJBank Managing...

The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel. Officials of the Nigeria Customs Service and Federal Inland Revenue Service confirmed this in Abuja, stressing that AGO was not exempted...

The United Kingdom (UK) Monday simplified trading rules and cut tariffs on products from developing countries, including Nigeria, saving businesses and consumers millions of pounds a year. The UK’s new post-Brexit Developing Countries Trading Scheme (DCTS) scheme, which implementation began yesterday, according to a statement by the British Deputy High...