Business/Finance

Food Imports Hit N3tn Over Flooding, Insecurity -

Dangote Expresses Concern Over African Travel Restrictions

Nigeria’s business mogul, Aliko Dangote, has expressed the difficulties faced by investors travelling across the African continent. He disclosed this when he spoke recently at the Africa CEO Forum Annual Summit in Kigali, Rwanda. Dangote noted that he needs different 35 visas on his Nigerian passport to travel within Africa. Accordin ... Read more

NICCI: Nigeria-Indonesia Trade Hits $4bn

Dr. Usra Harahap (Indonesian Ambassador to Nigeria)

The President of the Nigerian-Indonesian Chamber of Commerce and Industry, Ishmael Balogun, has disclosed that the trade volume between Nigeria and Indonesia rose to $4.7bn in 2022. This was disclosed by Balogun during a recent press conference to announce the Nigeria-Indonesia Investment and Trade Forum scheduled to be held in Kano. He descr ... Read more

A New Hike In Inflation May Occur This Month

Inflation rate has been forecasted to hit 34.56 per cent this month. The projection is based on the synchronised impact of renewed currency pressures, food demand-supply imbalances, elevated energy prices and unfavourable base effects from last year. The Cordros Capital Research noted that the headline inflation remained elevated, rising by 49 b ... Read more

CITN Urges Govt To Stop Non-State Actors From Collecting Taxes

Samuel Agbeluyi (President/Chairman CITN Council)

The Chartered Institute of Taxation of Nigeria has called on the three tiers of government to stop non-state actors from collecting taxes in the country. CITN’s President/Chairman of Council, Samuel Agbeluyi, disclosed this while speaking on the sidelines of the inauguration of the CITN Abuja Liaison Office in the Federal Capital Territory ... Read more

Only Two Per Cent Of Investments Is In Liquid Assets - PenCom

Aisha Dahir-Umar (PenCom Boss)

The National Pension Commission (PenCom) has disclosed that only two per cent of the N19.67 trillion total pension assets, which amounts to N396.3 billion, is in cash as of the end of the first quarter. This was disclosed due to a reported plan by the federal government to borrow 20 trillion from the fund-to-fund critical infrastructure. Whereas ... Read more

Stakeholders Seeks Partnership With FG On CNG Initiative

Adekunle Jaiyesimi

The President of the Association of Automobile Boatyards Transport Equipment and Allied Employers of Nigeria, Adekunle Jaiyesimi, has called on President Bola Tinubu, to carry all relevant stakeholders along as it steps up efforts to enhance the adoption of Compressed Natural Gas in the country. This was disclosed by Jaiyesimi at the 44th Annual ... Read more

FG Set To Attract Saudi Arabia To N

Abubakar Atiku Bagudu (Minister of Budget and Economic Planning)

The federal government has disclosed plans to attract the government and private ...
read more »

U.S. Partners With FCMB On $10m Cre

The United States Agency for International Development (USAID) together with the ...
read more »

Nigeria Suffers $1tn Annual Loss To

Maritime stakeholders have disclosed that the country is losing N$1tn annually t ...
read more »

CBN Directives: Banks Stop Collecti

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

A number of banks have complied with the Central Bank of Nigeria’s directi ...
read more »

Only Two Per Cent Of Investments Is

Aisha Dahir-Umar (PenCom Boss)

The National Pension Commission (PenCom) has disclosed that only two per cent of ...
read more »