Latest Nigeria Business News
The re-introduction of Value Added Tax charges on transactions in the Nigerian capital market takes effect from today, July 25, 2019. The VAT charges on transactions in the capital market were suspended in 2014 by the then Minister of Finance, Dr Ngozi Okonjo-Iweala, to encourage increased trading activities in the market. Okonjo-Iweala had set up […]
The Federal Inland Revenue Service on Wednesday said it generated N5.23tn for the Federal Government in four years, aside from the income from crude oil. The Chairman of the FIRS, Mr Babatunde Fowler, stated this during his visit to the Chief of Army Staff, Lt Gen Tukur Buratai. He added that the army’s efforts in […]
Investors demonstrated their thirst for investment outlet on Wednesday as they staked more than N300bn even though the Federal Government sought to raise N145bn through its monthly offer of the FGN Bonds A statement issued by the Debt Management Office showed that the government made allotment to correspond with the N145bn it originally sought to […]
The Nigerian Stock Exchange, in partnership with the Global Reporting Initiative, hosted a roundtable discusion on Sustainable Development Goals to drive sustainability reporting among listed companies. The NSE said in a statement that the workshop was driven by the need to raise awareness on the inherent economic opportunities and social impact businesses could achieve by […]
The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Kuru, said the chronic debtors of the corporation were occupying top government positions. He also said that the corporation was working with other agencies such as the Economic and Financial Crimes Commission, the Independent Corrupt Practices and other Related Offences Commission, and the Nigeria […]
The Oyo State House of Assembly has approved the request of Governor Seyi Makinde to obtain N10 billion loan to improve infrastructure. The loan is to be obtained from First Bank Plc, United Bank Africa and Unity Bank Plc. Speaking on the urgent need for swift approval of the request, the Speaker, Adebo Ogundoyin, noted […]
TRAGEDY was averted on Tuesday when an Air Peace aircraft carrying 133 passengers made an emergency landing on Runway 18 right of Murtala Muhammed International Airport (MMIA), Ikeja, Lagos. The aircraft made a hard landing on the runway, forcing the nose wheel of the aircraft to collapse. The tyre was also forced to shear off. […]
Deputy President of the Senate, Sen. Ovie Omo-Agege, has said Nigerians deserve a better deal under the “Next Level” agenda of the current administration. A statement by his Media Office in Abuja on Tuesday said the Deputy President of the Senate disclosed this at the 2019 summit of Association of Professional Bodies in Nigeria(APBN). Omo-Agege, […]
President Muhammadu Buhari on Wednesday swore in Ibrahim Tanko Muhammad as the substantive Chief Justice of Nigeria (CJN). He became the 18th CJN at the brief ceremony. Muhammad, who took over from the immediate past and suspended CJN, Walter Onnoghen, was screened and cleared by the Senate last week. He has been on acting capacity […]
Kano State Government has settled over N2 billion outstanding fees of its students in El-Razi University in Sudan, The debt was incurred by the administration of ex-governor Rabiu Kwankwaso. Gov. Abdullahi Ganduje made the disclosure when he received the Chairman Board of Trustees of the University, Prof. Ibrahim Ghandour on Tuesday in Kano. “My government […]