Business

2016 budget: Bumpy road to passage

The National Assembly passed and transmitted the controversial 2016 budget to the presidency with over N17billion‎ reduction from the N6.08 trillion earlier proposed by President Muhammad Buhari in December, 2015.

The substantial reduction is attributed to the errors and omissions iden [...]

Mon, 28 March 2016


45,000 bakers close shop in just three months – Master Bakers

The National President, Association of Master Bakers of Nigeria, Mr. Simeon Abanulor said has said that about 45,000 bakers have been put out of business in the last three months due to high cost of wheat.

Abanulor on Tuesday in Aba, Abia State said: “You will not believe the number of ba [...]

Sat, 19 March 2016


FG to review taxes on maize import

As a way of encouraging the production of poultry feed in the country, the federal government has said it would work out ways of reviewing the issue of multiple taxations and Value Added Tax on maize importation in Nigeria.

Minister of Agriculture and Rural Development, Chief Audu Ogbe, dropped [...]

Sat, 19 March 2016


FCT households spend N93 on petrol in February - NBS

An average of N93 was spent by households in the federal capital territory, on premium motor spirit (petrol) in the month of February 2016, the Nigerian Bureau of Statistics has said.

The figures from the NBS latest Premium Motor Spirit (Petrol) Price Watch shows that on the average, N92.70 was [...]

Sat, 19 March 2016


FG moves to save on officials’ travel cost

The federal government has said its on-going discussions with local and international airlines to secure discounts for travel by government officials are yielding positive results, as it is getting positive feedback from the airlines.

According to the Federal Ministry of Finance, government is [...]

Sat, 19 March 2016


FG moves to save on officials’ travel cost

The federal government has said its on-going discussions with local and international airlines to secure discounts for travel by government officials are yielding positive results, as it is getting positive feedback from the airlines.

According to the Federal Ministry of Finance, government is [...]

Sat, 19 March 2016


MoneyGram, GT bank launch ’receive service’ in Nigeria

Global money transfer and payment giant, MoneyGram, has said it will leverage on the huge remittance market in Nigeria to provide fast and convenient receive services across the Guarantee Trust Bank network.

The latest receive service, would provide a more efficient means of moving the over $21 [...]

Sat, 19 March 2016


Nigeria’s commodities trade drops by 9% in Q4 of 2015

Total value of Nigeria’s commodities trade in the Fourth Quarter of 2015 was said to have dropped by over N368million in the fourth quarter of 2015 alone, the Nigerian Bureau of Statistics, NBS, has revealed.

According to the bureau, merchandise trading in Nigeria stood at N3, 653.1 billi [...]

Sat, 19 March 2016


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