As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) meeting on Monday, some stakeholders project a hike in policy rates. This is against the backdrop of global monetary policy trend, which has seen the American Central Bank (The Fed), and the Bank of England increasing...
BUSINESS
The Nigerian National Petroleum Company Ltd has debunked claim of operating a secret account. NNPC’s spokesperson, Garba Deen Muhammad said reports credited to the House of Representatives ad hoc Committee set up to investigate “The structure, accountability and production sharing contracts of the NNPC from 1990 to date”, which allegedly found...
By DAVID IORJA, Abuja – When governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay. This was the position held by the Executive Chairman of the Federal...
The National Bureau of Statistics (NBS) stated that prices of selected food items increased in August. This is according to the NBS Selected Food Prices Watch Report for August, released in Abuja on Saturday. It said that the average price of 1kg of beans (white, black eye, sold loose)...
…Moves 11 ranks up in the world’s top 100 airlines By OLA MODUPE, Lagos – Ethiopian Airlines, the largest Aviation Group in Africa, has been named the winner of four awards at the SKYTRAX 2022 World Airline Awards, at a ceremony held in London on 23 September 2022. Ethiopian...
The Federal Government has selected Ethiopian Airlines (ET) Consortium as preferred bidder for Nigeria Air. The Minister of Aviation, Sen. Hadi Sirika made this known during a media briefing on Friday in Abuja. According to him, ET scored 89 per cent out of 100 as regards the technical bid...
The Minister of State Petroleum Resources Chief Timipre Sylva, has said that the desire to surmount the challenges bedeviling the oil and gas sector led to the enactment of the Petroleum Industry Act (PIA). Sylva spoke at the Nigeria International Economic Partnership Forum, in New York, with the theme:...
This award is been a long time coming for me. My achievement as a top and trusted realtor in Lagos State. I was given an award as the top selling realtor in AMEN ESTATE and the reason why I was given this award is because I have been able...
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has said that the level of awareness of the potentials of telecommunications products and services is a credit to the media industry which has partnered with the Commission in the regulatory...
By JOY ADARA, Abuja – The Federal Inland Revenue Service (FIRS) has cautioned Ministries, Departments and Agencies of Government (MDAs) against the appointment of consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies, as the FIRS is the sole agency of government...
Trading in the Nigeria Stock Exchange market has again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday. Also, the All-Share Index lost 23.40 points or 0.05 per cent to close at 49,421.91 from...
The National Lottery Regulation Commission on Wednesday lauded Dangote Cement Plc for its commitment to giving back to customers through the ‘Bag of Goodies Promo Season 3.’ Principal Administrative Officer of the commission, Mr Afam Ojeh, praised the company in Sagamu, Ogun, in a statement by Mr Anthony Chiejina,...
Nigerian Exchange Ltd. (NGX) says it will continue to collaborate with stakeholders to enhance securities lending transactions and provide an efficient and liquid market for investors. It also said this was consistent with its commitment to contribute to the growth and development of capital market in Nigeria and Africa....
The Naira depreciated against the dollar at the Investors and Exporters window on Wednesday as it exchanged at N436.50. Wednesday’s rate represented a 0.06 per cent depreciation compared to the N436.25 for which the dollar exchanged on Tuesday. The open indicative rate closed at N44. 75 to the dollar...
By THOMAS AKASE, Makurdi – Top10 Magazine, a Lagos-based national magazine published by a Benue indigene, is putting arrangement in place to honour leading Benue-born business icons with the theme: “Celebrating Top 10 Benue Business Ambassadors”. The event which is slated to hold in Abuja in early December is...
Lagos is a state in Nigeria that is highly populated, modern, full of prospects, and everything good. Just like they say that you can achieve anything in New York, Lagos is a city where you can achieve a lot because the city provides lots of opportunities and accessibility to...
Access Bank Plc, has rewarded its customers with millions of naira, smartphones and other prizes in the first phase of the AccessMore Mega Reward Scheme. Head, Marketing and Communications, Access Bank, Mrs Chioma Afe, said in a statement in Lagos on Tuesday that the reward was part of the...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) has deployed 84 assistive Information Technology projects at different locations in Nigeria to support people with special needs while supporting policies that enable disadvantaged members of the society to live a more qualitative life. “The E-Accessibility project seeks to...
Global online marketplace Amazon is targeting five billion U.S. dollars worth of exports from Indian companies in the current year. Manish Tiwary, Amazon India’s country manager said in a statement that Indian exporters using the Amazon marketplace had exported three billion U.S. dollars worth of goods to 200 countries...
Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producer, says a report by the Organisation of the Petroleum Exporting Countries (OPEC). OPEC made this known in its Oil Market Report for September 2022, which was obtained by the News Agency of Nigeria ( NAN) on Tuesday...