Category: Business

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FG in talks with World Bank for $2.5bn loan

FG in talks with World Bank for $2.5bn loan

Hafez Ghanem, World Bank’s vice-president for Africa, has said that the bank is in talks with the Nigerian government for a $2.5 billion concessionary [...]
Tech company, Andela lets go of 250 Nigerian developers

Tech company, Andela lets go of 250 Nigerian developers

When Andela, the software developer training and outsourcing company, first launched in Lagos five years ago, its business model was simple: train loc [...]
CBN begins charges on deposits, withdrawals above N500,000

CBN begins charges on deposits, withdrawals above N500,000

The Central Bank of Nigeria plans to implement cashless policy nationwide by March 2020. The apex bank said this in a circular to all Deposit Money Ba [...]
Dangote’s tomato processing factory shut down a second time

Dangote’s tomato processing factory shut down a second time

The Dangote tomato processing factory located in Kano has been shut down a second time after farmers engaged to supply the factory with raw materials [...]
Buhari disbands Osinbajo’s economic team, appoints Soludo, Rewane

Buhari disbands Osinbajo’s economic team, appoints Soludo, Rewane

President Muhammadu Buhari has replaced the Economic Management Team with an Economic Advisory Council, made up of Prof Doyin Salami as the Chairman. [...]
Nigerians spend $15bn on medical tourism – US physician

Nigerians spend $15bn on medical tourism – US physician

A US physician, Stephen Hunt, of the University of Pennsylvania has said Nigerian leaders and other individuals spend $15bn annually on medical touris [...]
We partnered with Tony Elumelu foundation to create opportunities in conflict prone regions – ICRC president

We partnered with Tony Elumelu foundation to create opportunities in conflict prone regions – ICRC president

At the just concluded Forum organised by the International Committee of the Red Cross (ICRC), key speakers Tony O. Elumelu, Founder of the Tony Elumel [...]
NECA decries timing of new VAT, says it will render new minimum wage useless

NECA decries timing of new VAT, says it will render new minimum wage useless

The Nigeria Employers’ Consultative Association, NECA, has said the implementation of the 7.2 per cent Value Added Tax approved by the Federal Executi [...]
FEC approves 7.2% as new VAT rate

FEC approves 7.2% as new VAT rate

The Federal Executive Council on Wednesday approved 7.2 per cent as new Value Added Tax, VAT rate for the country, up from the current five per cent. [...]
Why Nigerian borders will remain closed – Customs

Why Nigerian borders will remain closed – Customs

Retired Col. Hameed Ali, the Comptroller General, Nigeria Customs Service (NCS), says Nigeria’s borders will remain closed until the country and its n [...]
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