BUSINESS

Nigeria rakes in N797bn VAT revenue in 10 months

Kemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account. Adeosun released details of the 2017 VAT collection in a ...

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World Bank lists Nigeria among Top 10 reformers

Nigeria has moved up 24 places to 145th in the World Bank’s ‘Doing Business’ report published today, and for the first time the country is recognized as one of the top 10 most improved economies in the world. The World ...

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Oil prices rise above $60

Oil markets were firm on Monday, with Brent crude opening above $60 per barrel on expectations an OPEC-led production cut due to expire next March would be extended. Brent crude oil futures, the international benchmark for oil prices, were at ...

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Sales of solar-powered tricycles launched in Nigerian market

A Nigerian company, Oldang International Limited, on Sunday launched the sales of solar-powered tricycles to enhance public transportation in the country. The company’s Chief Executive, Mr Olubunmi Oluwadare, said at the launch in Lagos that the solar- powered, fuel-less tricycle ...

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Fashion Editor and Stylist, Shiona Turini, will be at the GTBank Fashion Weekend

On 11th and 12th of November, 2017, creative consultant and Stylist, Shiona Turini, will be at the GTBank Fashion Weekend to discuss Digital Age Fashion at the Masterclass. When fashion meets fashion, the outcome is usually a massive explosion. Creative Consultant, ...

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Proposed M.K.O Abiola airport in Osun to gulp N69 billion

The proposed M. K. O Abiola International Airport in Ido-Osun, Osun, will cost N69 billion under a concession arrangement with an indigenous company, AWOL International, an official has said. Niyi Ogundiran, the Director of Public Building in Osun State Ministry ...

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Meet GTBank Fashion Weekend Masterclass Coach, Giles Deacon

British designer, Giles Deacon, will be at the GTBank Fashion Weekend to give a Masterclass filled with insights, drawing from his experiences, challenges, and success as a fashion illustrator. What does it take to start—and, more importantly, sustain—a new fashion ...

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BVN: CBN urged to give more time to Nigerians living abroad

Abike Dabiri-Erewa, the Senior Special Assistant to President Muhammadu Buhari on Foreign Affairs and Diaspora, has appealed to the Central Bank of Nigeria, CBN and Attorney-General of the Federation, AGF to extend the time for Nigerians in Diaspora to obtain ...

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CIBN Grants Skye Bank’s Business School Full Accreditation Status

Skye Business School has been awarded full accreditation status as a full-fledged banking/finance, business and continuous human capital training academy by the Chartered Institute of Bankers of Nigeria (CIBN). The accreditation which is in collaboration with the Central Bank of ...

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FG takes possession of accounts without BVN

Justice Nnamdi Dimgba of the Federal High Court in Abuja has granted a request by Attorney General of the Federation, Abubakar Malami, for a temporary forfeiture of all funds held in bank accounts not linked to Bank Verification Numbers, BVN. ...

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