BUSINESS

ALARMING! Nigeria’s inflation rate hits 18.55% – NBS

The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), increased by 18.55 per cent (year-in-year) in December, 2016 from 18.48 per cent recorded in November. The CPI, which measures inflation, is 0.07 per cent points higher from the ...

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All you need to know about the Development Bank of Nigeria

The mention of “Development Bank of Nigeria (DBN)”  has left many with many questions on their lips, especially as to funding and accessibility. The Ministry of Finance, led by the minister, Kemi Adeosun has taken time to explain all you ...

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Where Do Memes Come From, What Are They Used For?

One of the best things the Internet gave to the humankind is memes. They have become a specific form of humor, the web sarcasm, the way to make any situation funny and even unite people. As well as music or ...

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Edo government serves warning notice to street traders

Edo state government has advised Street traders and persons who trade on the walkway to relocate into the market as the government would commence the enforcement of the law against street trading. The Edo State Deputy Governor, Philip Shaibu, who ...

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FG awards contract for Second Niger Bridge at N14.4bn

The Federal Government has awarded contract for early works on the Second Niger Bridge and emergency repairs at the Tamburawa Bridge in Kano State at a total cost of N16.3 billion. Mr Mohammed  Abdullahi, the Assistant Director of Information in ...

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REVENUE: Customs generated N898bn in 2016

The Nigeria Customs Service has generated N898 billion as revenue in 2016, including VAT, says the service Spokesman, Mr Joseph Attah. Attah told the News Agency of Nigeria (NAN) on Monday in Abuja that the figure was however less than the ...

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Naira gains against the dollar at parallel market

The Naira on Monday appreciated at the parallel market after a two-week losing streak. The currency gained three points to exchange at N490, from N493 it posted last Friday, while the pound sterling and the euro traded at N600 and ...

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Lagos hit by serious kerosene scarcity – NUPENG

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has confirmed that there is no kerosene in any of the depots in Lagos. The union said the product was not available in both depots belonging to the Nigerian National ...

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FG denies increasing import duties for food and luxury goods, says importation of drugs remains banned

Kemi Adeosun

The federal government of Nigeria, on Friday denied hiking import duties on food items and luxury goods, but noted that drugs, and other pharmaceutical products, are prohibited from being imported into Nigeria, and local manufacturers with special permission to import ...

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Nigeria’s active telecom subscribers jump to 153,949,450 – NCC

The Nigerian Communications Commission (NCC) says active users of telecommunications services in the country increased to 153,949,450 in November 2016. The telecommunications industry regulator gave the figure in its Monthly Subscriber/Operator Data released on Wednesday in Lagos. It said that ...

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