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Category: Business
Naira weakens against dollar at official Forex market
The Naira weakened against the dollar at the official foreign exchange market on Monday.FMDQ data showed that the Naira closed at N1508.99 against the dollar…
Tinubu approves new withholding tax policy
President Bola Tinubu has approved a new withholding tax policy for the country altering the existing 1977 Nigeria tax system.The Chairman of the Presidential Committee…
Dangote fuel: Marketers fear high-priced petrol
•Crude price will determine cost of Dangote PMS, DAPPMAN, IPMAN warn FG •Imported crude makes production costs higher, may affect petrol price – Dangote source…
Nigeria’s active Internet subscribers increase to 164.4m in Q1 2024
Nigeria’s active internet subscribers increased by 4.33 per cent to 164,368,292 in the first quarter of 2024, from 157,551,104 in the corresponding quarter last year.The…
Nigeria’s revenue from rail transport rises by 84.9% to N1.42bn in Q1 2024
Revenue generated from passengers by the Nigerian Railway Corporation, NRC, increased by 84.91 per cent to N1.42 billion in the first quarter of 2024 from…
Nigerian govt disburses N27.2bn to nano businesses in three months
The Nigerian federal government has disbursed the total sum of N27.2 billion from April and June 2024 of the N50 billion grants earmarked for nano…
Housing sector can unlock Nigeria’s $1trn economy – Minister
The Minister of Housing and Urban Development, Ahmed Dangiwa, has said that the development of Nigeria’s housing market has the potential to unlock the country’s…
FCCPC conducts market surveys to tackle high food prices
The federal government, through the Federal Competition and Consumer Protection Commission (FCCPC), is actively exploring solutions to mitigate the soaring prices of food items in…
Governors and Over 15 Companies Win FG’s Multi-Million MSMEs Excellence Award
Governors and over 15 companies have been honored with the Federal Government’s prestigious Multi-Million MSMEs Excellence Award. This recognition celebrates their outstanding contributions to the…
We raked in N115bn from Lagos Free Trade Zone in 6 months – Customs
The Nigeria Customs Service, NCS, Lagos Free Trade Zone, says it generated N115 billion in revenue over the past six months.Customs Area Controller, Olanrewaju Olumoh,…