Archives for Business
Speculators should prepare for losses, CBN reacts as naira trades at N420/$
The naira continued its rally against the dollar at the parallel market section of the foreign exchange market. Advertisement Bureau de Change operators told TheCable on Wednesday that the naira…
WTO: Okonjo-Iweala takes American citizenship
Ngozi Okonjo-Iweala, a two-time minister of finance in Nigeria, has taken American citizenship — more than 30 years after she studied in the United States. Advertisement According to Bloomberg, Okonjo-Iweala,…
Dangote donate N200m to fight Coronavirus in Nigeria
The Aliko Dangote Foundation (ADF) yesterday pledged a whooping sum of N200million to support current effort of the Nigerian government towards curbing the spread of CoronaVirus or Covid-19 in the…
Dangote strengthens export terminals
Dangote Cement Plc will soon boost its export sales as it prepares to inaugurate its Apapa, Lagos, export terminal. This will be followed by Onne, Rivers State, export terminal. The…
FG may restrict telco subscribers to three phone numbers
Isa Pantami, the minister of communications and digital economy, has directed the Nigerian Communications Commission (NCC) to revise the policy on subscriber identification module(SIM) card registration and usage. This was…
FG introduces multiple-entry visa for Nigerians who renounced citizenship
The federal government has introduced a multiple-entry, multi-year visa for Nigerians by birth who had to renounce their citizenship. According to a tweet by Tolu Ogunlesi, special assistant on digital/new…
Dangote Farms commissions tomatoes nursery to provide seedlings for farmers
In a bid to make Nigeria self-sufficient in tomato production, Dangote Tomatoes Processing Limited, owned by the younger brother of Africa’s richest man, Sani Dangote, has unveiled a billion greenhouse nursery in…
Zenith Exhibitions to hold mega expo, targets industrial sector
As technological inventions continue to disrupt industries globally, leading to revenue generation for businesses, Zenith Exhibitions is poised to hold the Equipment and Manufacturing West Africa (EMWA) Exhibition and Conference…
Flights delayed, cancelled as Dubai Airport runways get waterlogged
Flight operations have been disrupted at the Dubai International Airport after a downpour caused runways to be flooded. As at Saturday night, 22 flights departing from and arriving at the…
VAT in Nigeria now 7.5 percent as Buhari signs Finance Bill into law
President Muhammadu Buhari has signed the 2019 finance bill into law in Abuja on Monday. The import is that the Value Added Tax (VAT) in Nigeria is now officially percent…