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In a significant development for Nigerian importers, Adewale Adeniyi, the acting Comptroller-General of the Nigeria Customs Service, announced on Tuesday that they would soon have the option to clear their goods from…
Category: Business and Economy
Explore the intricate landscape of “Business and Economy” through our News category. Delve into the realms of commerce, finance, entrepreneurship, and market trends. From insightful analyses of global economic shifts to guidance for small business owners, this category offers a comprehensive resource hub for individuals interested in understanding the dynamics that drive our financial world.
Indonesian Ambassador to Nigeria Explores Trade, Investment Opportunities in Enugu
The Indonesian ambassador to Nigeria, Dr. Usra Harahap, has expressed a keen interest in strengthening relations with the government of Enugu State, Nigeria. He led a delegation from the Republic of Indonesia…
Historic Agreement: UAE Lifts Visa Ban on Nigerian Travelers , Resumes Flights
Issued by: Chief Ajuri Ngelale Special Adviser to the President (Media & Publicity) Office of the President September 11, 2023 In a significant diplomatic achievement, President Bola Ahmed Tinubu of Nigeria and…
Nigeria will be a Key Player in the G20, Says Tinubu
In an address at the 18th G20 Leaders’ Summit in New Delhi, India, President Bola Tinubu expressed Nigeria‘s commitment to becoming a significant player within the G20 group. He emphasized Nigeria’s readiness…
AU Becomes Permanent Member, Transforming G20 into G21
In a historic development, the African Union (AU) has been admitted as a permanent member of the G20, marking a significant transformation of the group. The decision to include the AU as…
Elumelu Encourages Indian Investors: “This is the Best Time to Invest in Nigeria”
Heirs Holdings Group Chairman, Tony O. Elumelu, highlights Nigeria’s investment potential and urges Indian private sector leaders to seize the opportunity during a Nigeria-India Presidential Roundtable and Conference. Tony O. Elumelu, Chairman…
FG increases price of prepaid maters
The Federal Government has announced upcoming changes in the pricing of single-phase and three-phase prepaid electricity meters, set to go into effect on September 6, 2023.
Google appoints Alex Okosi, as MD
Google has announced that Alex Okosi, currently the Managing Director for YouTube in EMEA Emerging Markets, will now take on the role of Managing Director for Google in Africa.
Fuel Consumption Declines 30% – NNPC GMD
The nation’s fuel consumption has seen a substantial decline of 30% since the removal of petrol subsidy by President Bola Tinubu. This significant revelation was made by Mr. Mele Kyari, the Group…
Dangote Cement Clarifies Nigerian Cement Prices
Dangote Cement Plc has addressed recent misinformation regarding cement prices in Nigeria, asserting that the country’s cement prices are either on par with or lower than those across the West African coast….
Tinubu Warns Against Destructive Path of Servicing Debt with 90% Revenue
President Bola Tinubu has raised concern about Nigeria’s financial health, emphasizing that the country cannot sustainably service its debt when 90% of its revenue is allocated to this purpose. Speaking during the…
Peter Obi Commends Local Manufacturing Amidst Economic Challenges
In a recent statement shared on his X (formerly Twitter) handle @PeterObi, Peter Obi, a prominent Nigerian political figure and the Labour Party Presidential Candidate in 2023 general election, initially raised concerns…
Fuel Subsidy Removal: Commercial sex workers complain of low patronage
The economic strain resulting from the elimination of fuel subsidies has significantly impacted the livelihoods of commercial sex workers in Kano State.
World Bank Collaborates NIMC for Digital National IDs
In a significant move towards inclusion and accessibility, the World Bank has announced plans to collaborate with the National Identity Management Commission (NIMC) of Nigeria to ensure the successful rollout and registration…
CBN Expenditure Soars: N74.84 Billion Spent on Currency Production Despite 2022’s Cash Crunch
Despite facing a cash scarcity that gripped the nation in the latter months of 2022, the Central Bank of Nigeria (CBN) expended a staggering N74.84 billion on the production and rollout of…