Economy
Dangote tomato processing factory shut down again
The Dangote tomato processing factory located in Kano is said to be idle at the moment. The Bloomberg reported that...
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FBNQuest Trustees Records N6trn Transactions
FBNQuest Trustees has disclosed that its liquid trust assets under management (AUM) is in the excess of N40 billion and...
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NNPC Agrees to $2.5bn Financing with Chinese Lender for Pipeline Project
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has...
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Xenophobia: FG to evacuate 319 from South Africa Tuesday
No fewer than 319 Nigerians will be evacuated from South Africa on Tuesday. The PUNCH learnt on Sunday that arrangements...
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Budgeting with inaccurate statistics hurts economy – NBS
The Chairman of the Board of National Bureau of Statistics (NBS), Dr. Kabiru Nakaura, has said that budgeting and planning...
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Oil prices surge after attacks slash Saudi output
https://www.dailymotion.com/video/x7l818n Oil prices saw a record surge Monday after attacks on two Saudi facilities slashed output in the world's top...
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Nigeria may get eight mega indigenous insurers post-consolidation
Like the 2004 banking sector consolidation that saw the emergence of mega banks, the June 2020 deadline for insurance sector...
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External reserves lowest in six months, at $42.84bn
The nation’s foreign exchange reserves have declined further, falling to the lowest level since March 12, latest data obtained from...
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VAT increase to generate additional N479.7b revenues
The proposed 7.2 per cent Value Added Tax (VAT) proposal by the Federal Executive Council (FEC) is expected to generate...
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Indices rebound by improved H1 bank earnings, materials sub-sector
Improved half-year (H1) earnings reports presented by some banks and companies in the building materials sub-sector lifted market indices last...
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Quoted insurance firms seek N142.13bn capital raise
Following the recent increase in the minimum share capital of insurers by the National Insurance Commission, insurance firms listed on...
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Report: Nigeria’s Sesame Seed Export Value to Hit N120bn Annually
A report by Agusto & Co has revealed that Nigeria’s sesame seed export value to Asia and Europe has potential...
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Controversy over 7.2 per cent VAT rate
MIXED reactions on Thursday trailed the 7.2 per cent Value Added Tax (VAT) proposed by the Federal Executive Council (FEC)....
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Fed Govt eyes 140,000 jobs from NLNG Train 7
THE Nigerian Liquified Natural Gas (NLNG) Train 7 Engineering, Procurement and Construction (EPC) Contract would create over 40,000 direct jobs...
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Nigeria, Iraq agree to cut oil output
THE Organisation of Petroleum Exporting Countries (OPEC) on Saturday agreed to trim oil output by asking over-producing members Iraq and...
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9.2m SIM cards face deactivation
About 9.2 million telephone lines discovered to have been improperly registered are going to be deactivated by service providers in...
Read moreNigeria records N8.6tn merchandise trade in Q2 –NBS
Exports of various types of products dominated Nigeria’s trade structure as the country’s merchandise trade hits N8.6tn in the second...
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FG acquires portal for import duty exemption certificates
The Minister of Finance, Mrs Zainab Ahmed, says the Federal Government has acquired an automated customs gateway portal for the...
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DisCos Q1 revenue collection hits N116.9billion
THE 11 dictribution companies (DisCos) collected N116.9billion from customers out of the total bill of N182.8billion in the first quarter...
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Border closure: Customs acquire gunboats, comb waterways
The Nigeria Customs Service on Thursday inaugurated two seagoing gunboats to boost its anti-smuggling capacity on waters. This followed the...
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Atiku heads to S/Court as Buhari wins at tribunal
The Peoples Democratic Party (PDP) and its candidate Atiku Abubakar have resolved to challenge the judgment of the Presidential Election...
Read more‘Nigeria’ll abide by OPEC’s rules’
The Minister of State, Petroleum Resources, Chief Timipre Sylva, on Wednesday said the Federal Government will comply with the rules...
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FEC Approves N10.07tn 2020 Budget Proposal, Increases VAT to 7.2%
The Minister of Finance, Mrs. Zainab Ahmed, Wednesday said the Federal Executive Council (FEC) has approved N10.07 trillion as the...
Read more23,141 tax defaulters owe N254bn – FIRS
The Federal Inland Revenue Service says a total of 23,141 defaulters owe N254bn in tax liabilities. The service also said...
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FG to make decision on four oil projects – Buhari
The Federal Government is to deliver Final Investment Decisions on at least four key projects within the nation’s oil and...
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