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Business
Electricity workers in Nigeria suspend strike
Electricity workers in Nigeria have suspended their nationwide strike, following a meeting with the ministers of Power, and Labour and Employment Minister, Chris Ngige on Wednesday in Abuja.
The electricity workers under the joint…
Bearish close as NGX sheds 4bps
The equities market fell on Wednesday on the floor of the Nigerian Exchange Limited, NGX, with the benchmark Index shedding 4bps.
Thus, the All-Share Index closed at 49,691.17 points with the market capitalisation falling by ₦9.87bn to…
Manufacturers Association Suggests Ways to improve Nigeria’s Economy
The Manufacturers Association of Nigeria (MAN) has called on the Nigerian Government to implement measures to save the manufacturing sector from collapse and correct the lacklustre performance of the nation’s economy.
Recently, Nigeria's…
FCT-IRS partners with NFIU to strengthen Tax Compliance
The FCT Internal Revenue Service (FCT-IRS) is collaborating with the Nigerian Financial Intelligence Unit (NFIU) to enhance efficiency in both organisations and expand the tax net, and nudge tax compliance in the Federal Capital Territory.…
CITM proposes ways to prevent cash leakages in Nigeria’s Treasury
The Registrar and Chief Executive of the Chartered Institute of Treasury Management, CITM, Mr. Adedoyin Olumide says the institute is poised to stop treasury leakages in Nigeria.
He was speaking while addressing the House of Assembly…
UK inflation jumps to 10.1 percent in July 2022
British consumer price inflation jumped to 10.1% in July, 2022, - its highest since February 1982, up from an annual rate of 9.4% in June.
This intensifies the squeeze on households, official figures showed on Wednesday.
The increase…
President Buhari Inaugurates Revenue Mobilization Commission’s Chairman
President Muhammadu Buhari has sworn-in a new Chairman for Nigeria’s Revenue Mobilization, Allocation Commission, Mohammed Bello Shehu.
The Chairman was sworn-in on Wednesday, at the Council Chambers of the Presidential Villa,…
Business environment: VP Osinbajo urges state governments to ensure success of reforms
Nigeria's Vice President, Prof Yemi Osinbajo says state Governments and their agencies have a significant role to play in ensuring an enabling environment for businesses to thrive.
He said this at a virtual meeting of the Presidential…
Nigeria to enforce ban on foreigners purchasing Agric commodities at farm gates
The Nigerian Government has started taking action to put into effect a Memo on the Promotion of Agri-Business in Nigeria through Right Farm Gate Pricing and Ban of Foreigners from Purchasing Agricultural Commodities at the Farm Gates which…
Nigeria’s apex bank increases interest rates on savings deposit
The Central Bank of Nigeria (CBN) has ordered banks in Nigeria to pay savings deposit accounts an interest rate of at least 4.2%, an increase from the 1.4% previously received.
This was contained in a circular dated August 15, 2022,…