Category: Business
Senate set to introduce taxes on GSM, cable TV subscription
The Senate has passed for first reading, a bill for an Act to introduce taxes on Communication Services and Cable television services. The proposal, e [...]
FG concludes designs for return of toll plazas
The Federal Government has concluded designs for the return of toll plazas on Federal roads, Minister of Works and Housing Babatunde Fashola has said. [...]
South Africa grants Air Peace rights to operate daily flights
The ministry of foreign affairs says the South African government had granted Air Peace’s request to commence commercial flights to Johannesburg, Sout [...]
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
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
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
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
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
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
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 [...]