FG releases N465m for Abuja-Lokoja road projects

The federal government has approved the sum of NGN464.8million to fast track the ongoing dualisation of the Abuja/Lokoja express road.

The amount allocated to the first session of the road, is part of the N100billion Sukuk bond raised in December 2018 for 28 road projects spread across the six [...]

Sun, 13 January 2019

New Year resolutions: To make but not to keep?

As the world thankfully ushers in the New Year 2019, some Nigerians join their counter in other parts of the world to make resolutions of habits they wish to change and others they intend picking up.

Making of New Year resolutions is as old as the middle ages when people made promises to their [...]

Sat, 29 December 2018

CBN, MTN resolve $8.1bn repatriation impasse

The prolong tussle between MTN Nigeria and the Central Bank of Nigeria, over the $8.1billion foreign exchange remittances order has finally been put to rest as both parties recently reached an agreement.

CBN in a press release said it reached an amicable resolution of issues relating to foreign [...]

Sat, 29 December 2018

Double taxation: FG asks states to streamline collections

State governments have been asked to harmonise their tax laws to ensure that citizens do not suffer double taxation.

The executive secretary of the Joint Tax Board, JTB, Mr Oseni Elamah, said though concept of multiple taxation is misunderstood in Nigeria, there is the need for proper tax laws [...]

Sat, 29 December 2018

FG eyes $30bn manufacturing exports by 2025

The Ministry of Industry, Trade and Investment has unveiled plans to increase manufacturing exports to about $30billion by 2025 through the development of Special Economic Zones, SEZs, across  the country.

The strategy, the federal government says will set ambitious targets for invest [...]

Sat, 29 December 2018

FGFG refutes allegations of planned tax raise

The federal government has dismissed media reports alleging a planned tax increase to generate revenue to fund the 2019 budget.

The Minister of Finance, Mrs. Zainab Ahmed, said the federal government only intends to increase its tax base and not increase tax rate as erroneously reported in some [...]

Sat, 29 December 2018

Investment inflow drops by 55% between Q1 and Q3

Investment inflow into the Nigerian economy dropped drastically by 55.1percent in the third quarter of 2018, from the $6.3billion recorded in the first quarter of the year.

The latest capital importation report released by the National Bureau of Statistics, NBS, shows that decline was worst fel [...]

Sat, 29 December 2018

Electoral Act Amendment Bill conundrum

With barely two months to the 2019 general elections and global attention fixed on Nigeria, political watchers are beginning to worry that the delay in the passage of the 2019 Electoral Amendment Bill into law may cast some doubts on the integrity of the entire process.

President Muhammadu Buha [...]

Sat, 22 December 2018


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PhotoDMBs approve loan for ICT, entertainment industries

The Central Bank of Nigeria, CBN, has agreed to provide new credit facility at single-digit interest for the creative sector so as to drive job cre [...]

17 February 2019

Photo2019 will be the year for farmers- NCX

The Nigeria Commodity Exchange, NCX, says it is hoping to generate at least N4.3billion from trading on farm produce in 2019. In this inter [...]

17 February 2019