Category: Business
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
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
Retired Col. Hameed Ali, the Comptroller General, Nigeria Customs Service (NCS), says Nigeria’s borders will remain closed until the country and its n [...]
Kaduna signs MoU with Danish company for milk production
Kaduna State government has signed a Memorandum of Understanding (MoU) with Arla Foods International, a company based in Denmark and makers of Dano mi [...]
MTN reopens offices after reprisal attacks
Some offices and service outlets belonging to MTN Nigeria have been reopened after a two-day closure, which was as a result of the telecommunications [...]
UBA delivers 21% growth in profit, 21.7% return on average equity
Africa’s leading financial institution, United Bank for Africa Plc, UBA, has announced its audited half year financial results for the period ended Ju [...]
Nigeria may risk another $2.3bn fine over Mambilla project
Nigeria may likely face another $2.3bn fine in arbitration in France over an alleged breach of contract on Mambilla Hydroelectric project. This is com [...]
FG installs pencil production machines in Enugu
The Federal Government has commenced the installation of equipment and machines for the proposed pencil factory at the Projects Development Institute [...]
P&ID $9bn judgment: We’re ready to negotiate – FG
The federal government says it is ready to negotiate with Process and Industrial Developments Limited (P&ID) to avoid paying the $9 billion fine a [...]
Partner us in empowering African entrepreneurs – Elumelu to Japan
In an impassioned key note speech, delivered before global leaders, at the 7th Tokyo International Conference on African Development (TICAD) in Yokoha [...]