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Business & Economy

Nigeria’s economic reforms target $1trn GDP in 8yrs – Cardoso

After failing to achieve $900 billion gross domestic product (GDP) vision 20:2020 target, Nigeria has said the country will increase the economic balance sheet...

FX: CBN lifts restriction on 43 items

The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in the Foreign Exchange (FX) market. CBN’s Director, of Corporate Communications,...

CBN to exit dev. finance interventions, to focus more on core mandate – Cardoso

The governor of the central bank of Nigeria, CBN, Olayemi Cardoso, on Thursday disclosed that the institution will pull back from direct development finance...

UAE lifts visa ban on Nigerians after Tinubu’s meeting

The economic diplomacy of the Tinubu administration on Monday yielded another dividend as the United Arab Emirates (UAE) lifted its visa ban imposed on...

120,000 MSMEs to benefit from DBN’s N150bn loans in 2023

The Development Bank of Nigeria, DBN has announced plans to disburse N150 billion to micro, small, and medium enterprises (MSMEs) across the country in...

Tinubu secures $14bn Indian investments in Nigeria

Four Indian conglomerates, including Indorama Petrochemical Limited and Jindal Steel and Power Limited, have pledged to invest $14 billion in Nigeria. The investment commitments were...

Fintech giant, Unified Payments celebrates at 26

“Our journey over the past 26 years has been a testament to the grit, dedication, and vision of our entire team. We are not...

Tinubu orders review of tax waivers

The federal government says it plans to review tax waivers given to companies operating in Nigeria. Taiwo Oyedele, chairman of the presidential tax reform committee,...

NBS says ‘worst ever statistician-general’ comment on Yemi Kale by staff not official position

The National Bureau of Statistics (NBS) has distanced itself from comments by Ibrahim Wakili, its head of communication and public relations department, that Yemi Kale was the...

Price of diesel set to go up as customs slams 7.5% vat on imported product

The Nigeria Customs Service (NCS) says it has commenced the implementation of value-added tax (VAT) on automobile gas oil (AGO), also known as diesel,...

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