FG grants three-year tax relief to 33 companies, bars 10 firms
The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This…
Economy
Two million people’ll start receiving N20bn monthly from June -FG
Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the…
Rising govt debt caused by increasing budget deficit - DMO
The Debt Management Office has said that the reason for Nigeria’s rising government debt levels is due to increasing budget deficits over…
External reserves loses $313m as oil price fluctuates
NIGERIA’S external reserves fell by $313m in March, according to figures obtained from the Central Bank of Nigeria on Thursday. The CBN’s…
Diesel: Telcos lament high operational cost, seek intervention
Telecommunication providers under the aegis of the Association of Licensed Telecommunications Operators of Nigeria have said the rising cost of diesel has…
Sluggish growth affecting Nigeria, other African countries – W’Bank
The World Bank has stressed the need to boost labour output in Africa, stating that sluggish productivity growth is making the continent…
Bread prices may go up, bakers blame forex, energy crises
Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have said a harsh business environment triggered by rising energy costs…
Capital importation suffers 30% decline, records $6.7bn
The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in 2020 to $6.7bn in 2021 according to…
Govt borrowings not necessarily bad -DMO
The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to finance budget deficits and critical infrastructure is…
Massive job cut looms as dollar hits N590
The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is…
Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021
The domestic debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021. While…
Nigeria loses N150bn to fake battery products, says expert
The Chief Executive Officer, Emilinks Nigeria Limited, Mr Solomon Nwadiogbu, has said Nigeria loses about N150bn every year to fake battery products.…