BUSINESS

FG to increase VAT on luxury items; including champagne

The federal government is set to take a proposal to raise the value-added tax (VAT) on luxury items to the national assembly. The minister of finance, Kemi Adeosun stated this while briefing the media after the federal executive council meeting ...

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Oil prices soar as OPEC cuts output

Oil prices rose more than one per cent on Tuesday after news that the world’s top producers cut production in January more than forecasters had expected just as the dollar sank. “This is very high, a good number,” an OPEC ...

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7 sources of grants and loans for Nigerian entrepreneurs in 2017

Opinions still largely differ on the issue of finance being biggest problem facing Nigerian entrepreneurs, but many many experts generally agree that it is one of the greatest challenges. Here are some of the easy-to-get funds available in the country ...

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UBA Strengthens Brand Affiliation on Nigerian Campuses, Unveils 15 Ambassadors

The United Bank for Africa (UBA) Plc Friday launched the maiden edition of its Campus Ambassador Programme with the induction of the first 15 brand ambassadors. The UBA Campus Ambassador Programme is an initiative to identify young emerging leaders among ...

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Court order gives Nigeria control of Malabu oil block, OPL 245

Justice John Tsoho of the Federal High Court sitting in Maitama, Abuja has given an order ceding control of the lucrative oil block, Oil Prospecting License, OPL 245, to the Federal Government pending investigation and prosecution of suspects in the ...

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Lagos to hike BRT fares from February

Operator of the Lagos State Bus Rapid Transit, BRT, scheme, Primero Transport Services, has announced plans to increase its fares on all routes in February. The company’s Managing Director, Fola Tinubu, made the disclosure in an interview with the News ...

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Imo government floats commercial Airline, to be operated by Dana

The Imo State Government is set to launch Imo Air to be operated by Dana Airline, in a partnership deal. Dana Airline Communications Manager, Mr Kingsley Ezenwa, made this known in a statement in Lagos on Tuesday. According to Ezenwa, ...

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FG Launches “MSME Clinics” to address business challenges in Nigeria

The Federal Government has launched a project code-named “MSME Clinics” to address the challenges faced by Micro, Small and Medium Enterprises (MSME) in Nigeria. Launching the project in Abuja on Tuesday, the Vice President of Nigeria, Professor Yemi Osinbajo, said ...

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General Electric to invest in Nigeria’s refineries

General Electric, GE, a US multinational company, Tuesday in Abuja, proposed to invest in the nation’s three refineries located in Port Harcourt, Warri and Kaduna. GE, in a presentation to NNPC GMD, Dr. Maikanti Baru and his team stated that ...

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Dollar slips, shares unstable after Trump’s address

The dollar slid broadly on Monday after U.S. President Donald Trump struck a protectionist tone in his inauguration speech, prompting developed and emerging market currencies to gain. The drops and gains were due to the Trump administration’s intention, on its ...

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