Business News
1 day ago
The Taiwo Oyedele’s Tax Reform Committee collected N5 billion from the Federal Inland Revenue Service (FRIS) to fund its operations, the immediate past executive chairman of the Service, Muhammad Nami, disclosed yesterday.
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Telecommunications operators are considering jettisoning uniform tariffs, especially on voice services in the country. The implication of the move, if implemented, is that subscribers would be charged differently for telephony services depending on their locations.
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The Federal Government has set aside a N75 billion intervention fund to support small businesses in response to the country's current economic challenges.
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Google has announced applications for the Hustle Academy Small and Medium-sized Businesses (SMBs) Fund, a ₦75 million equity-free fund dedicated to amplifying the ambitions of Nigerian small businesses.
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Domestic transactions on the Nigerian Exchange Limited (NGX) fell by 45.3 per cent within a 16-year period, from N3.6 trillion in 2007 to N1.9 trillion in 2022, the latest Domestic and Foreign Portfolio Investment (FPI) report has shown.
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The Tertiary Education Trust Fund (TETFund) under Sonny Echono, has been living up to its earlier promise to enhance the standard of Nigerian tertiary education. That was a promise kept. Echono has in the past one year, designed an all-inclusive approach to tackling numerous ....
1 day ago
Zinox Technologies has partnered the Imo State Government to equip 15,000 youths with digital skills to make them wealth creators in the tech-driven global ecosystem.
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Renowned energy experts have warned Nigeria to stop listening to developed countries in its quest to ensure sustainable energy security. They insisted that unless the country takes an independent position and comes up with home-grown solutions, the prevailing energy crisis could scuttle the economy.
2 days ago
• FG to face another round of subsidy payment crisis The Federal Government will, in the coming weeks, incur more subsidy on premium motor spirit (PMS), otherwise called petrol, as the price of crude oil price, yesterday, jumped to a record high of $97 per barrel. Manufacturers and business owners may also witness an exponential…
2 days ago
Former President of the All Nigerian-American Congress (ANAC), Amina Temitope Ajayi, has through her firm, Silicon Valley Nigerian Economic Development Inc. (SVNED), attracted over $19.4 billion pledged investment to Nigeria on the sideline of the United National General Assembly (UNGA) in New York.
2 days ago
• DMO insists debt burden is sustainable Amidst rising debt burden, stakeholders at the just-concluded national conference on debt and development have stressed the need to bring debt to a sustainable level to achieve relief. They argued that Nigeria and other African countries need debt cancellation given that debt remains an instrument for rich developed…
2 days ago
In recognition of its impact and contributions to the telecom and fintech sector, Creditswitch Limited has emerged winners of two prestigious awards: 'VAS Provider of the Year' and 'VAS Team of the Year.' The awards were presented at the seventh Technology Innovation Awards ceremony, held on Friday in Lagos. The award, powered by Digital Economy…
2 days ago
Access Holdings Plc has announced an interim dividend of 30 kobo, even as the bank posted profit after tax (PAT) of N135.44 billion in its half year (H1)operations, against N88.74 billion achieved in the corresponding period in 2023. Specifically, the banks audited financial statement for the half year showed that PAT rose by 52.63 per…
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Aviation stakeholders have called for tough legislation and its enforcement to curb rising cases of unruly passengers in the local air transport sector.
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World airlines have marked the first 20 years of the IATA Operational Safety Audit (IOSA) at the IATA World Safety and Operations Conference in Hanoi, Vietnam.
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In a bid to decongest and enhancing efficiency in Nigeria's transportation sector, the Minister of Transportation, Senator Said Alkali, inaugurated the first maiden train cargo trip and loading of 30 coach container wagons train from Apapa Port to Ibadan.
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The International Air Transport Association (IATA) has said there is no going back on the zero-emission target by 2050. The clearing house for over 280 world airlines said every drop of fuel avoided counts in the aviation industry’s quest to achieve net zero carbon....
2 days ago
Following the international oil companies (IOCs) continued refusal to obey the country’s laws, the Maritime Workers’ Union of Nigeria (MWUN) has, again, threatened another industrial unrest in the sector. They argued that the multinational oil companies operating in Nigeria have continued to exhibit flagrant disrespect and disobedience to Government Marine Notice 106 of 2014 and…
2 days ago
Stanbic IBTC Bank Plc has announced its recent recognition at the prestigious Global Transaction Banking Innovation Award presented during a gala event held on Thursday. The award acknowledged Stanbic IBTC’s exceptional contributions and innovation in transaction banking. Stanbic IBTC won in four categories – Best Bank for Trade Finance in Nigeria, Best Custodian Bank in…
2 days ago
Experts have called for upskilling, reskilling and transparency in the adoption of artificial intelligence (AI) for economic growth. At the webinar, organised by FintechGR and supported by Maycode, industry leaders stressed the importance of preparations for AI. Speakers were from Nigeria, the United Kingdom, Israel and the United States. At the first panel session, which…
2 days ago
Managing Director and Chief Executive Officer (CEO), eTranzact International Plc, Olaniyi Toluwalope, has been awarded BusinessDay's Top 25 CEOs award in recognition of his company's stellar performance on the Nigerian stock market. Speaking during the award ceremony, which took place in Lagos, the publisher, BusinessDay Media Limited, Frank Aigbogun, stated that the award was more…
3 days ago
Key performance indicators of the manufacturing sector suffered negative growth in the first half (H1) of the year, the Manufacturer’s Association of Nigeria (MAN) review of the economy has shown.
3 days ago
As the new Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, takes over the daunting job of breathing fresh life into the monetary system, experts have charged him to work closely with the fiscal authority.