Category: Business
FG to increase VAT, place excise duty on carbonated drinks
Zainab Ahmed, minister of finance, says there would be an increase in value-added tax, VAT on specific items in 2019.
“We are studying a possibility [...]
Polaris Bank to be sold by AMCON after election
The Assets Management Corporation of Nigeria (AMCON) says it will begin the process of seeking buyers for Polaris Bank when the general election is ov [...]
Aba Guinness brewery factory razed down by inferno
A wildfire on Friday engulfed parts of the Guinness Nigeria Plc, Aba Brewery, Abia, razing bottles, chemicals, office structures and furniture to ashe [...]
Arunma Oteh’s World Bank tenure ends, appointed into Ecobank board
Ecobank Group has appointed Arunma Oteh, former treasurer of the World Bank, to its board of directors as a non-executive director. Ecobank made this [...]
Investors show interest in Arik Air after two years management by AMCON
Oluseye Opasanya (SAN), the receiver-manager of Arik Air, says local and foreign investors are showing a keen interest in the airline. Arik Air, which [...]
GTBank begins season 8 of annual Masters Cup
One of the most exciting secondary school football tournaments in Africa, the GTBank Masters Cup, is set to return for its 8th season, following its o [...]
FG approves four new private universities
The federal executive council (FEC) has approved the establishment of four new private universities in Kaduna, Oyo, Ogun and Osun state. According to [...]
Dangote’s wealth drops, remains on Forbes’ Africa billionaires list
The President of the Dangote Group, Aliko Dangote, and the Chairman of Globacom, Dr Mike Adenuga, have topped the recently released Forbes’ Africa Bil [...]
CAC extends N5,000 business name registration till March 31st
The Corporate Affairs Commission (CAC) has extended the 50% discount on business name registration till March 31. The commission said it took the deci [...]
Nigeria slides lower on Forbes business ranking list
Thirteen African countries have been ranked higher than Nigeria in Forbes magazine’s Best Country for Business ranking for 2019. Nigeria emerged as th [...]