Business

The Chief Executive Officer of Nigerian Investment Promotion Commission (NIPC) Aisha Raimi, has expressed commitment to creating a conducive environment to foster business growth in the country. Rimi in a statement released by the commission on Tuesday, December 12, vowed to make doing business in Nigeria easier and draw in …

Minister of finance and coordinating minister of the economy, Wale Edun has said the registration of all vehicles in Nigeria under the national vehicle registry that was introduced in 2021 will help the government to mobilise more revenues and fight motor vehicle-related crimes that have been sustained over the years …

The World Bank has declared that despite temporal pains, economic reforms introduced by the Bola Tinubu administration are beginning to record positive impacts including macro-economic stabilization, and pro-people priorities but only an extended momentum of current reforms can propel Nigeria towards the high and inclusive path of growth. The World …

The Corporate Affairs Commission is set to delist 91,843 companies for failing to file their annual returns with it. In a list published on its website, the commission listed 91,843 companies for delisting (2,738 less than the 94,581 it initially published in August). This is still less than the initial …

After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives at the facility, marking a significant milestone for the country’s oil industry.Quoting industry sources and tanker tracking data, S&P Global, in a …

Fintech giant Opay has reacted to the recent directive issued by the Nigeria Inter-Bank Settlement System (NIBSS), ordering banks in the country to take down every non-deposit-taking financial institution from their NIP fund transfer channels. There had been media reports that NIBSS, in the directive to banks, noted that having …

For the umpteen time and the second time in four weeks, the Central Bank of Nigeria(CBN) has raised the Customs duty exchange rate to N951.941 per dollar. The rate was jerked up a month ago from N770.88 per dollar to N783.174 per dollar.The latest duty exchange rate has since been …

The Corporate Affairs Commission (CAC) and the Federal Inland Revenue Service (FIRS) have agreed to reinvigorate their existing collaboration in realising their respective mandates for the sake of the nation’s economy. This indication was given during a visit to the FIRS Executive Chairman, Mr. Zacch Adedeji, by the CAC Registrar …

  Nigeria’s Naira strengthened by 9.64 percent despite a decline in dollar liquidity at the official market on Monday. At the close of trading on Monday, the dollar was quoted at N837.77, stronger than N927.19 quoted on Friday at the Autonomous Foreign Exchange Market (NAFEM), data from the FMDQ indicated. …

The Federal Government says it will soon commence disbursement of funds under its Presidential Palliative Programme, targeted at alleviating the impact of the fuel subsidy removal. A statement on Sunday by the Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the programmes consisted of the Presidential Conditional Grant …