Category: Business
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 [...]
Smuggling frustrating agric policies – Buhari on Seme border closure
President Muhammadu Buhari says Nigeria’s border with Benin Republic at Seme in Lagos, was partially closed to check smuggling activities. The border [...]