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Women entrepreneurs key to Nigeria’s $1trn economy goal

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Tag: Nigeria

Minister of Power, Abubakar Aliyu
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Nigeria electricity cheapest globally – FG

The Minister of State for Power, Abubakar Aliyu, has claimed that electricity consumption in Nigeria is the cheapest in the world and is highly subsidized by the federal government. According to The Punch, the minister revealed this on Thursday in Abuja during an interactive session with the Senate Committee on Power and heads of various […]

Chartered Institute of Taxation of Nigeria
Business

CITN tasks inductees to enhance taxation knowledge

The President of the Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, addressed new inductees at the 48th induction ceremony of the CITN in Lagos, encouraging them to enhance their knowledge of global taxation. According to The Punch, Adedayo emphasized the importance of tax professionals staying informed on the newest developments in the tax […]

NGX board members
Business

NGX loses N58bn after seven-day rally

The Nigerian Exchange Limited’s market capitalisation dropped by N58 billion on Tuesday, bringing it to N28.475tn and ending a seven-day rally. According to The Punch, the NGX’s All-Share Index also fell by 107.03 points to 52,296.48 due to a sell-off in several shares. In total, 550,293,697 million shares worth N5.150bn were traded in 6,250 deals. […]

Manufacturing Association of Nigeria
Business

Nigeria’s industrial employment dropped 21% in 2022 – MAN

The manufacturing industry in Nigeria, Manufacturers Association of Nigeria, experienced a fall in direct employment creation of 20.8 per cent in the second half of 2022. According to MAN’s most recent half-yearly evaluation of the economy, accessed by Business Day, manufacturing employment decreased to 6,741 down in the second half of 2022 from 8,508 and […]

Coat of Arm
Business

FG expresses concern over N4tn debt owed by several companies

  A Federal Government agency, Asset Management Corporation of Nigeria has requested assistance from stakeholders in order to recover N4 trillion in debt owed by businesses and other private organizations in Nigeria. Daily Post reported that this was revealed over the weekend in Lagos to stakeholders and external solicitors by AMCON’s managing director, Mr Ahmed […]

How more taxes'll reduce debt load - FG
Business

FG re-introduces excise duty on telecoms – Report

The Federal Government has once again begun plans to implement the 5% excise duty on telecommunications services. Nairametrics reported that this additional tax is part of the new Fiscal Policy Measures for 2023, which were announced on April 20, 2023, through a Circular signed by the Minister of Finance, Budget, and National Planning, Zainab Ahmed. […]

IOT West Africa flier organised by Vertex Next
Business featured

Dubai firm to host tech event in Nigeria 

Dubia headquartered firm, Vertex Next has stated that it would be hosting an event that focuses on emerging trends in blockchain technology, big data, and artificial intelligence. The tech event themed “IOT West Africa Conference and Exhibition” is slated to hold from July 4 to 6, 2023, at the Landmark Centre in Lagos. Vertex Next’s […]

A picture of 20 youth trained by nestle
Business

Nestlé reaffirms commitment to youths’ technical training

Nestlé Nigeria has reaffirmed its commitment to reducing the lack of technical skills by providing young individuals with the necessary abilities to help speed up industrial development and advance Nigeria’s economy. According to The Punch, the Managing Director and Chief Executive Officer of Nestlé Nigeria, Wassim Elhusseini, made this statement during the third graduation ceremony […]

Business

Nigerian institute invests in renewable energy training

The National Power Training Institute of Nigeria has announced that it has made investments in the renewable energy sector by providing extensive training to create an efficient workforce for the power sector. According to The Punch, the announcement was made during an alumni seminar held in Lagos on Wednesday with the theme ‘Continuous Professional Development: […]

Business

Nigeria lost 66m oil barrels to theft in one year – IOCs

Nigeria has been unable to produce and sell approximately 65.7 million barrels of oil due to pipeline vandalism and oil theft since 2023. This has resulted in a loss of potential revenue of about N2.3tn at current exchange rates and average oil prices. According to The Punch, the Chairman of Shell Companies in Nigeria, Dr […]

Business

Aviation strike cost Nigeria billions of naira – Air Peace

The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, said that Nigeria lost several billions of naira within those two days of industrial action by aviation union workers. He revealed this information during his appearance on Arise Television on Monday. This publication recalls that the aviation workers embarked on a warning strike last […]

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