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HomeBusiness & Economy

Business & Economy

Business News

Crude oil
Business & Economy

Crude to sell for $55 per barrel next year

October 21, 2016

The World Bank has raised its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. The hike in oil price forecast for next year is […]

Naira
Business & Economy

Naira appreciates as $1 sells for N440

October 18, 2016

The interbank lending rates which is the rate at which banks lend amongst themselves soared to an all time high of 128 per cent from 70 per cent last week […]

Debit/Credit cards
Business & Economy

Banks stop use of Naira debit cards for International transactions

October 17, 2016

As part of efforts to manage the dollar crisis, Deposit Money Banks in Nigeria have sent out messages to their customers notifying them that they cannot use their Naira debit/credit […]

MMM-Nigeria
Business & Economy

What you need to know about MMM-Nigeria

October 16, 2016

As many Nigerians excitedly log in and fill membership forms on the website of MMM-Nigeria, they should perhaps have taken a minute to think about the long string that runs […]

Naira
Business & Economy

Naira remains stable against the dollar

October 12, 2016

The naira continued its appreciation on the parallel market yesterday as it climbed to N468 to the dollar from N470 to the dollar the previous day, following the implementation of […]

Dollars
Business & Economy

Naira appreciates as $1 sells for N460

October 11, 2016

The naira continued to gain strength as the business opened for the week selling between N460 and N465 to the dollar at the parallel market even as it is expected […]

International Monetary Fund (IMF) MD, Christine Lagarde
Business & Economy

Nigeria to get interest-free loans from International Monetary Fund

October 7, 2016

Nigeria and other countries are to enjoy zero interest rates on all concessional facilities of the International Monetary Fund (IMF) until 2018. IMF’s Managing Director, Ms Christine Lagarde, disclosed this […]

Kemi Adeosun
Business & Economy

Licensed Bureau De Change operators to get $15million

October 7, 2016

Having crashed to a low of almost N500 to the dollar in recent weeks at the parallel market, the naira is seen appreciating next week as bureau de change operators […]

Shell
Business & Economy

Shell accused of short-changing Nigeria by $406.75million

October 5, 2016

The Federal Government is demanding $406.75 million from Shell Petroleum Development Company of Nigeria Limited and its subsidiary, Shell Western Supply & Trading Limited, over alleged crude oil theft. The […]

Federal Inland Revenue Service
Business & Economy

Federal Inland Revenue Service to raise N5bn from taxes

September 23, 2016

Nigeria plans to raise N5.2 billion from taxes next year, Federal Inland Revenue Service (FIRS) Executive Chairman Babatunde Fowler, said yesterday. He also said the agency has a target of […]

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Business

Senate
Business & Economy

Senate to investigate unremitted N20 trillion Stamp Duty

December 11, 2019

Why has the N20 trillion collected as stamp duty revenue not remitted to the Federation Account by banks and other financial institutions? The Senate on Tuesday directed its Committee on […]

President Muhammadu Buhari
Business & Economy

Fed Govt to create Open Treasury Portal (OTP) to display daily transactions

December 10, 2019

THE Accountant-General of the Federation (AGF), Ahmed Idris, got a directive from President Muhammadu Buhari on Monday on the country’s daily income and expenditure. He was asked to create an […]

Alhaji Ibrahim Bapetel
Business & Economy

Next level agenda: Experts fashion strategy for reducing revenue leakage

December 2, 2019

…Call for increase tax on alcohol, cigarettes …Implore FG to assign trustworthy persons as heads of revenue generating agencies In the federal government bid to accomplish her Next Level Agenda, […]

Juliet Anammah, Jumia CEO
Business & Economy

Nigerians are searching for Keke Napep, among others on Jumia – Anammah

November 28, 2019

– E-commerce will account for 10% of retail sales in Africa by 2025 – SMEs, Consumers are the biggest beneficiaries of Black Friday – Black Friday campaigns are data-driven The […]

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