Category: Business
Nigerians expected to pay tax on foreign assets
President Muhammadu Buhari has signed an executive order mandating Nigerian taxpayers to declare and pay tax on their offshore assets. According to th [...]
FG proposes N24k, states N20k minimum wage while NLC wants N30k
The Minister of Labour and employment, Chris Ngige, says the FG, after consultations, proposed N24,000 as the new minimum wage for civil servants. The [...]
Nigerians who abuse the naira recklessly to be prosecuted
Those who spray naira notes at parties risk going to jail, the Bankers Committee has warned.
To curb the hawking and reckless abuse of the Naira, the [...]
Business registration to cost N5000 between October and December
Vice President Yemi Osinbajo has announced that even though business registration currently cost N10,000 with Corporate Affairs Commission, CAC, it wi [...]
Nigeria Air not suspended because of investor apathy — Sirika contradicts Lai
Hadi Sirika, minister of state for aviation, says it is untrue that the Nigeria Air project was suspended due to investor apathy, adding that a number [...]
Nigeria Airways retirees to be compensated after 15 years as FG releases N22.6bn payment
The federal government has released N22.68 billion to settle part of the retirement benefits of former workers of Nigeria Airways. Zainab Ahmed, minis [...]
CBN revokes Skye Bank’s licence, Polaris Bank to take over assets
The Central Bank of Nigeria has withdrawn the operating licence of Skye Bank. Umaru Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (ND [...]
Coca-Cola set to acquire Chi Limited completely by 2019
President of Coca-Cola West Africa, Peter Njonjo says the company will complete the acquisition of Chi Limited by the end of 2019 first quarter. Coca- [...]
FG suspends national carrier project, Nigeria Air indefinitely
The federal government has suspended the national carrier project, Nigeria Air indefinitely. Hadi Sirika, minister of state for aviation, made this kn [...]
Dangote launches BlocMaster for cement moulders
Builders and other stakeholders have lauded the BlocMaster Cement which was formally launched by Dangote Cement PLC yesterday in Kano, Kano State, des [...]