President Muhammadu Buhari has warned of “severe consequences” should any of Nigeria’s revenue-generating agencies fail to meet set targets. Mr Buhari handed the warning during his National Independence address on Tuesday morning. “Our revenue-generating and […]
The Oyo state government says churches and mosques with revenue-generating ventures and businesses will not be exempted from paying taxes and applicable levies. John Adeleke, executive chairman of the Oyo state internal revenue service, made […]
In the age of agriculture as business, and with the need to feed the fast-growing population while making agribusinesses sustainable for job creation, food security and social security, there should be zero tolerance for capital […]
Effective Wednesday, September 18, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday. In a circular to all deposit money bank (DMBs), the […]
The Central Bank of Nigeria (CBN) has re-introduced charges on the deposit and withdrawals of sums above N500,000 to promote a cashless economy. In a circular released on Tuesday, all deposit money banks in the […]
Andela, an African company that develops talents in software engineers, says 250 junior engineers and staff from its Nigerian and Ugandan hubs will be leaving the organisation. Another 170 engineers may also be affected in […]
The Dangote tomato processing factory located in Kano has been shut down after farmers engaged to supply the factory with raw materials abandoned tomato farming at the start of the rainy season in May. The […]
Consumers will pay about N1.52 trillion for power next year, going by the recent tariff increase approved by the Federal Government, investigations have shown. This is about N600 billion higher than the estimated N900 billion […]
PRESIDENT Muhammadu Buhari’s recent pitch for foreign direct investment in certain priority sectors of Nigeria’s economy will yield positive response only when the country significantly improves the operating environment and reforms its institutions. He was […]
The federal executive council (FEC) has approved an increase in value added tax (VAT) rate from 5 percent to 7.2% percent Zainab Ahmed, minister of finance, budget and national planning, disclosed this to state house […]
The Government of Niger Republic has banned the export of rice into Nigeria. The ban follows President Muhammadu Buhari’s directive for the closure of Nigeria’s border with neighbouring countries to curtail the activities of smugglers. […]
When he gave the open directive to the Central Bank of Nigeria (CBN) not to “give a cent to anybody to import food into the country,” President Muhammadu Buhari thereby served notice of discontinuing that […]
The Green Alternative, a policy and strategy document of the Federal Ministry of Agriculture says, “The new policy regime, tagged the Agriculture Promotion Policy (APP), is founded on the following guiding principles, a number of […]
In what would be a major boost and a bold step towards self-sufficiency in rice production, Amarava Rice Mill, an indigenous milling company in Kano has expressed the commitment to double its production capacity by […]
BudgIT, a civic tech organisation, has launched operations in Ghana. Gabriel Okeowo, BudgIT principal lead, announced the development in a statement on Thursday. BudgIT uses an array of tech tools to simplify the budget and […]
The Central Bank of Nigeria (CBN) says it plans to sell treasury bills worth N1 trillion between October and December. This is according to a treasury bills issue programme released on Wednesday. The CBN sells […]
Nigerians should have every reason to be tired of reports of every government’s move to revive the textile industry since 1999 when democracy returned with some promise. Despite all the noise and vaunting about revamping […]
Aggrieved youth stormed the outlets of Shoprite at Lekki and Surulere areas of Lagos state on Tuesday afternoon, chanting violent songs. The development comes less than 24 hours after reports of attacks on foreign nationals, […]
Students in many parts of the world are heading back to school at this time of year for a new semester. Just like them, it is also time for trade hawks in Washington to start […]
The Central Bank of Nigeria (CBN) on Saturday said the general public would continue to return mutilated banknotes to their banks after the September 2 deadline. The Director, CBN Corporate Communications, Isaac Okoroafor disclosed this in a […]
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