BUSINESS Archives - Page 42 of 162

African Presidents and Global Leaders Tackle Job Creation, Youth Empowerment at the 2019 TEF Entrepreneurship Forum

July 28, 2019July 28, 2019Ayo Olowo

More than 5,000 participants and 60 speakers across 3 continents converge at the largest gathering of African entrepreneurs 150 SME owners from across 20 African countries exhibit at the UBA Marketplace At the recently concluded 5th edition of the Tony Elumelu Foundation (TEF) Entrepreneurship Forum, five African Presidents and thousands of young African entrepreneurs converged at […]

JUNE ALLOCATION: FG, States, LGs share N762.5bn

July 26, 2019July 26, 2019News Agency

The Federal Government, States and Local Government Areas (LGAs) shared N762.5 billion as federal allocation for the month of June. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said this on Thursday in Abuja, while addressing newsmen at the end of the Federation Accounts Allocation Committee (FAAC) meeting. He said that the gross statutory revenue […]

Central Bank Oof Nigeria grants licences to three new banks

July 25, 2019July 25, 2019Ayo Olowo1 Comment

The Central Bank of Nigeria (CBN) has issued operating licence to three new banks to operate in the country. The new banks are Titan Trust Bank Limited, TAJ Bank Limited and Globus Bank Limited. According to the apex bank, Titan Trust and Globus Bank will operate as commercial lenders while TAJ Bank Limited was licensed […]

NNPC signs $3.15bn financing for Oil Mining Lease (OML) 13

July 24, 2019July 24, 2019News Agency

The Nigerian National Petroleum Corporation (NNPC) says it has signed a 3.15 billion dollars Financing and Technical Services Agreement between Sterling Oil Exploration and other partners for the development of Oil Mining Lease (OML) 13. The corporation disclosed this in a statement signed by Mr Ndu Ughamadu, its Group General Manager, Group Public Affairs Division, […]

FG mulls ban on milk importation to boost local production

July 24, 2019July 24, 2019Ayo Olowo

The Federal Government says it is considering banning importation of milk because it can be produced in the country to grow the economy. The Central Bank Governor, Mr Godwin Emefiele, who disclosed this while addressing newsmen after the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday said the Federal Government would soon put restrictions […]

Nigeria to commence exportation of hibiscus flower to Mexico

July 19, 2019July 19, 2019Eben Tanimola

The Director-General, Nigeria Agricultural Quarantine (NAQS), Dr. Vincent Isegbe, says Nigeria will soon resume exportation of hibiscus flower to Mexico. Isegbe who made this kniwn on Thursday in Kano, at a stakeholders’ sensitisation workshop, said that the exportation would resume after two-and-a-half years of banning the country from exporting the product. According to him, the […]

Naira gains against dollar at parallel market

July 19, 2019July 19, 2019Eben Tanimola

The Naira on Thursday gained marginally to the dollar at the parallel market in Lagos, exchanging at N358.5 to the dollar. The Pound Sterling and the Euro closed at N462 and N407, respectively. At the Bureau De Change (BDC) segment, the naira was sold at N360 to the dollar while the Pound Sterling and the […]

Joint Tax Board targets 45m taypayers by Q3 – Fowler

July 18, 2019July 18, 2019Ayo Olowo

The Joint Tax Board (JTB) Chairman, Mr Tunde Fowler, on Thursday unveiled the South West Regional National Tax payer Identification Number (TIN). Fowler said, at the inauguration ceremony of the new TIN registration system and consolidated national taxpayers’ database in Lagos, the new system would promote a tax friendly environment. Fowler, also the Executive Chairman, […]

BREAKING: IMF boss, Christine Lagarde resigns

July 16, 2019July 16, 2019Ayo Olowo

Ms Christine Lagarde, the Managing Director, International Monetary Fund (IMF), has resigned, the IMF says. The Executive Board of the fund said this in a statement issued by it on Tuesday in Washington D.C., adding that it has accepted Lagarde’s resignation with effect from Sept. 12. “We would like to express our greatest appreciation for […]