Category: Economy

Shareholders Seek More Mergers, Acquisitions In Cement Industry
December 15, 2019 No Responses

Shareholders Seek More Mergers, Acquisitions In Cement Industry

Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).Mr Shehu Mikail, CSAN National President, stated this in an interview with...
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Buhari Appoints Nami, New FIRS Chairman
December 9, 2019 No Responses

Buhari Appoints Nami, New FIRS Chairman

President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, FIRS, subject to Senate confirmation.The President nominated a tax consultant, Muhammad M. Nami as the new chairman.The board is composed of a member...
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Lagos Shuts Nine Firms Over Tax Evasion
December 7, 2019 No Responses

Lagos Shuts Nine Firms Over Tax Evasion

The Lagos State Internal Revenue Service (LIRS) in its enforcement activities, has shut nine companies and hospitality firms over alleged failure to remit N21.59 million consumption taxes to the state government.The Director, Legal Services of the LIRS, Mr Sey...
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Customs Boss Seeks Separate Budget For Staff College
December 7, 2019 No Responses

Customs Boss Seeks Separate Budget For Staff College

The Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd)  has appealed for a separate budget for Nigeria Customs Command and Staff College, Gwagwalada for the institution to realise its set out goals.Ali made the appeal at the Gradu...
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Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri
December 5, 2019 No Responses

Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri

The Senate, on Thursday at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari on Oct. 8.The passage followed the consideration and adoption of the report of Senate Committee on Appropriation.T...
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Neimeth, Cornerstone, Emerge Best Performing Stocks In November
December 5, 2019 No Responses

Neimeth, Cornerstone, Emerge Best Performing Stocks In November

Neimeth, Cornerstone Insurance and Chams have emerged as the best performing equities on the Nigerian Stock Exchange (NSE) in the month of November.Data obtained by the News Agency of Nigeria (NAN) indicates that Neimeth led eight others to emerge as...
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Kano 40th Trade Fair To Host 150 Countries
November 27, 2019 No Responses

Kano 40th Trade Fair To Host 150 Countries

No fewer than 150 foreign countries and 15 Nigeria states are expected to participate at the Kano 40th Trade Fair scheduled to begin December 30, 2019.This was disclosed on Wednesday by the Acting President, Kano State Chamber of Commerce, Amb....
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DMO Puts Nigeria’s Debt Profile At N25.7 Tri
November 23, 2019 No Responses

DMO Puts Nigeria’s Debt Profile At N25.7 Tri

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General of the office, Ms Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in Abuja. “As ...
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NAHCO Generates N7.38b Revenue, N782M Profit In Q3
November 14, 2019 No Responses

NAHCO Generates N7.38b Revenue, N782M Profit In Q3

By citybusinessnews@yahoo.com For the nine months ended September 30, 2019, the Nigerian Aviation Handling Company Plc (nahco aviance) has declared gross revenue of N7.38Billion.The Company also posted Profit Before Tax of 973.1 million. The figure is 241...
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Nigeria To Mainstream Maritime Sector For Economic Development
November 12, 2019 No Responses

Nigeria To Mainstream Maritime Sector For Economic Development

The Minister of Transportation, Rt. Hon. Chibuike Amaechi has disclosed that the Federal Government of Nigeria is poised to ensure the maritime sector gets into the mainstream of economic strategy to lift economic growth and prosperity.The Minister who affirme...
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Critical Role Of Domestic Savings, Foreign Capital To Nigeria’s Development, By Osinbajo
November 7, 2019 No Responses

Critical Role Of Domestic Savings, Foreign Capital To Nigeria’s Development, By Osinbajo

The Federal Government has stressed the need for mobilisation of domestic savings and foreign capital to finance the country’s needs in infrastructure, agriculture, housing SMEs and other services.Vice President, Prof. Yemi Osinbajo, stated this in a key...
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Groundnut Producers Seek Support For 17.5m Metric Tonnes Projection
November 5, 2019 No Responses

Groundnut Producers Seek Support For 17.5m Metric Tonnes Projection

The National Groundnut Producers Processors and Marketers Association of Nigeria (NGROPPMAN), has commended plans by the Federal Government to increase groundnut output to about 17.5 million metric tonnes by the end of 2025.The President of the association, Ai...
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How Co-operatives Aid Development in African Economies
November 5, 2019 No Responses

How Co-operatives Aid Development in African Economies

–Total E&P Co-op as case study — The rapid advancement of mechanization from the mid-1700s to the early 1800s which is now considered as the Industrial Revolution, resulted in job losses for many skilled workers across Europe. The knock-on effe...
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Lagos To Relocate Trade Fair To Permanent Site
November 4, 2019 No Responses

Lagos To Relocate Trade Fair To Permanent Site

The Lagos State Government is to relocate the Lagos International Trade Fair from Tafawa Balewa Square (TBS) to a permanent site.Speaking on Monday after visiting some pavilions at the ongoing 2019 Lagos International Trade Fair, taking place at the Tafawa...
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