Business

Falling oil prices, no end in sight, CBN warns

The end may not be insight to the low revenue generated from the nation’s crude oil, as the Monetary Policy Committee of the Central Bank of Nigeria predicts a prolong plunging of oil price in the global market.

A communiqué at the end of the committee’s meeting in Abuja said [...]

Sat, 30 January 2016


a visit by the Unilever management to the National Assembly in Abuja

L-R: President, Africa Unilever, Bruno Witvoet, Senate President Bukola Saraki, Managing Director/CEO, Unilever Nigeria Plc, Mr.Yaw Nsarkoh, Chairman, Senate Committee on Industry, Dr. Sam Egwu and Corporate Affairs Director, Unilever Nig, Mrs. Soromidayo George during a visit by the Unilever manageme [...]

Sun, 24 January 2016


Economic diversification: FG to set up food processing zones

The Nigerian government has assured the international community of its willingness to set up chains of food processing mills across the country to help in diversifying the economy.

Speaking to a delegation from the United Nations Industrial Development Organisation, UNIDO, Minister of Agricultu [...]

Sun, 24 January 2016


Forex policy boosts local industry- manufacturers

The recent foreign exchange restriction on the importation of some selected item may have been well received by manufacturers in Nigeria, as they said the policy is enhancing their production capacity.

Describing the policy as “the game changer”, some members of the Nigerian manufac [...]

Sun, 24 January 2016


FG sets N300bn intervention fund to stimulate non-oil export

To address the challenges of inadequate funding as well as maximize the potentials in the non-oil sector, the federal government says it will commit N300billion in special intervention fund to boost non-oil exports in Nigeria.

A communiqué issued at the end of a non-oil export conference [...]

Sun, 24 January 2016


NDIC pays N15.4bn into consolidated revenue fund

The Nigeria Deposit Insurance Corporation, NDIC, has remitted the sum of N15.4 billion into the Consolidated Revenue Fund between 2007 and 2014, the Fiscal Responsibility Commission, FRC, has said.

The sum, which is 25 percent of the corporation’s gross revenue during the period, has been [...]

Sun, 24 January 2016


N50 Stamp Duty for ’eligible transactions’ only - CBN

The Central Bank of Nigeria, CBN, has made clarifications on some misconception over the implementation of the N50 stamp duty imposed on bank customers, saying the charges would be made per transaction and not on every N1, 000 as reported in some quarters.

The apex bank last week, in a circular [...]

Sun, 24 January 2016


e-dividend registration exercise in Abuja

L-R: Divisional Head, Corporate Communication, Security & Exchange Commission, Mr. Naif Absussalam, Assistant Managers, SEC, Mr. Abubarkar Suleiman and Mr. Abdulrahman Abubakar and Head of Department, Marketing Development, Mr. Henry Rowland during SEC's e-dividend registration exercis [...]

Sun, 17 January 2016


Search

Latest posts

PhotoNOUN partners UK’s Open University on research

Nigeria’s National Open University, NOUN, has expressed readiness to collaborate with Open University of the United Kingdom on resear [...]

31 October 2017

PhotoNOUN partners UK’s Open University on research

Nigeria’s National Open University, NOUN, has expressed readiness to collaborate with Open University of the United Kingdom on resear [...]

31 October 2017