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Tag: Nigeria

Director-General of the World Trade Organization, Ngozi Okonjo-Iweala
Business

Watch your debt profiles, Ngozi Okonjo-Iweala advises Nigerian govs

The Director General of the World Trade Organization, Ngozi Okonjo-Iweala, has cautioned the governors of Nigeria’s 36 states to avoid taking on debt that could impede their efforts to deliver the benefits of democracy to their constituents. According to The Punch, Okonjo-Iweala made this statement during the Nigeria Governors’ Forum’s induction program for newly elected […]

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Business

Glo encourages females to pursue ICT career

Nigerian telecommunications company, Globacom has urged females who desire to be in the Information and Communication Technology sector to keep up with the drive as it is a rewarding career path. According to This Day, Globacom identified focus and persistence as crucial success factors for girls aspiring to pursue careers in the information and communications […]

Naira and Dollar displayed
Business

Naira falls at parallel market, gains on I&E window

Naira experienced a decline of 0.54 per cent against dollar, closing at ₦750 on the black market while it slightly strengthened by 0.06 per cent closing at ₦462.73/USD at the Investor and Exporter window. Data from the Financial Market Dealer Quotations revealed that the Nigerian naira had a trading range as low as N460 and […]

Business

KPMG faults FG’s tax rate increase

The financial advisory giant, KPMG has faulted the Federal government’s increase in excise duty, stating “Tax increases are better introduced at a time of economic boom”. KPMG however shared different ways the government can generate revenue to bridge the widening gap in its financing deficit rather than the tax raise. It made this clear in […]

The vice president of Nigeria, Prof. Yemi Osinbajo
Business

Nigeria on track to full electrification – Osinbajo

Vice President, Prof. Yemi Osinbajo has stated that Nigeria is on track to achieving national energy access in the next decade. Osinbajo made this statement on Tuesday during the commissioning of the Afam3 Fast Power 240-megawatt turbine in Rivers State. The project, which was executed in collaboration with General Electric and the Federal Government is […]

Naira and Dollar displayed
Business

Naira drops as forex market records 29% decline

The value of the naira dropped against US Dollar due to a decline in the daily foreign exchange turnover by 29.15% in the official market. According to the data obtained by Business Day from the FMDQ on Monday, the market turnover declined to $99.33 million from $128.29 million on Friday. A financial market dealer whose […]

Minister of Labour and Employment, Chris Ngige
Business

Nigerians will not die of economic hardship – Ngige

The Minister of Labour and Employment, Chris Ngige, has stated that Nigerians will not die but adapt to the economic hardships in the country. In a statement issued on Sunday, he noted that economic hardships were not unique to Nigeria, but a global phenomenon caused by the COVID-19 pandemic and other economic crises. Ngige who […]

Director-General of the World Trade Organization, Ngozi Okonjo-Iweala
Business

Intra-African trade tariff too high at 435% – Ngozi Okonjo-Iweala

The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has expressed concern over the high tariffs on intra-African trade, which she says currently stands at 435 per cent. Okonjo-Iweala made these comments during the “Trade Integration in Africa” event held in Nairobi. She noted that this is hindering the implementation of the African Continental Free […]

Business

How to buy shares in Nigeria 

What is a share?  A share is used to describe a part ownership of a company. This means you become a shareholder or a part owner of that company – you are buying a portion of the company’s assets and profits. The value of your shares can either go up or down as it is […]

Air France-KLM
Business featured

Air France-KLM revenue bounces back, pays debt

Air France-KLM announced on Friday that its revenue for the first quarter of 2023 had increased, bouncing back and regaining balance since the Covid-19 pandemic. AFP reported that the company has also repaid all state aid that it received during the Covid-19 crisis, and as a result, it claimed to be “standing on its own […]

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